Common use of Leasing Matters Clause in Contracts

Leasing Matters. Seller shall not, without the written consent of Buyer, which consent may not be unreasonably withheld, conditioned or delayed (i) effect any material change in any Lease, (ii) renew or extend the term of any Lease, unless the same is an extension or expansion permitted pursuant to the terms of an existing Lease, or (iii) enter into any new Lease or cancel or terminate any Lease. When seeking consent to a new or modified Lease, Seller shall provide notice of the identity of the tenant, a term sheet or letter of intent containing material business terms (including, without limitation, rent, expense base, concessions, tenant improvement allowances, brokerage commissions, and expansion and extension options) and whatever credit and background information with respect to such tenant as Seller customarily obtains in connection with similar leases of the Property. Buyer shall be deemed to have consented to any proposed Lease or Lease modification if it has not responded to Seller within three (3) business days after receipt of such information. Seller shall deliver to Buyer copies of executed versions of any such documents within three (3) business days after the full execution and delivery thereof.

Leasing Matters. From and after the Effective Date, Seller shall not, without the written consent of Buyer, Buyer (which consent may not be unreasonably withheldwithheld in Buyer’s sole discretion), conditioned or delayed (i) effect any material change in any Lease, (ii) renew or extend the term of any Lease, unless the same is an extension or expansion expressly permitted to be exercised by the tenant pursuant to the terms of an existing Lease, or (iii) enter into any new Lease or cancel or terminate any Lease. When seeking consent to a new or modified Lease, Seller shall provide notice of the identity of the tenant, a term sheet or letter of intent containing material business terms (including, without limitation, rent, expense base, concessions, tenant improvement allowances, brokerage commissions, and expansion and extension options) and ), whatever credit and background information with respect to such tenant as Seller customarily obtains in connection with similar leases leases, the form of the Propertylease or modification, and any other information or documentation reasonably requested by Buyer. Buyer shall be deemed to have consented to any proposed Lease or Lease modification if it has not responded to Seller within three five (35) business days Business Days after receipt of such information. Seller shall deliver to Buyer copies of executed versions of any such documents within three (3) business days Business Days after the full execution and delivery thereof.

Leasing Matters. Seller Sellers shall not, without the written consent of Buyer, which consent may not shall be unreasonably withheld, conditioned or delayed at Buyer’s sole and absolute discretion (i) effect any material change in any LeaseLease except as provided in Section 3.5 of this Agreement, (ii) renew or extend the term of any Lease, unless the same is an extension or expansion permitted pursuant to the terms of an existing Lease, or (iii) enter into any new Lease or cancel or terminate any Lease. When seeking consent to a new or modified Lease, such Seller shall provide notice of the identity of the tenant, a term sheet or letter of intent containing material business terms (including, without limitation, rent, expense base, concessions, tenant improvement allowances, brokerage commissions, and expansion and extension options) and whatever credit and background information with respect to such tenant as Seller customarily obtains in connection with similar leases of the Property. Buyer shall be deemed to have consented to any proposed Lease or Lease modification if it has not responded to Seller within three (3) business days after receipt of such information. Seller shall deliver to Buyer copies of executed versions of any such documents within three (3) business days after the full execution and delivery thereof.

Leasing Matters. Seller Sellers shall not, without the written consent of BuyerBuyers, which consent may not shall be unreasonably withheld, conditioned or delayed at Buyers’ sole and absolute discretion (i) effect any material change in any Lease, (ii) renew or extend the term of any Lease, unless the same is an extension or expansion permitted pursuant to the terms of an existing Lease, or (iii) enter into any new Lease or cancel or terminate any Lease. When seeking consent to a new or modified Lease, Seller Sellers shall provide notice of the identity of the tenant, a term sheet or letter of intent containing material business terms (including, without limitation, rent, expense base, concessions, tenant improvement allowances, brokerage commissions, and expansion and extension options) and whatever credit and background information with respect to such tenant as Seller Sellers customarily obtains obtain in connection with similar leases of the applicable Property. Buyer Buyers shall be deemed to have consented to any proposed Lease or Lease modification if it has not responded to Seller Sellers within three (3) business days Business Days after receipt of such information. Seller Sellers shall deliver to Buyer Buyers copies of executed versions of any such documents within three (3) business days Business Days after the full execution and delivery thereof.