Common use of LEASING OBLIGATIONS Clause in Contracts

LEASING OBLIGATIONS. Manager shall use its diligent, good faith efforts during the term of this Agreement to lease the Property in accordance with the Annual Plan. In connection therewith, Manager shall: (1) assist in the preparation of and make recommendations to Owner as to variations to the Standard Form of Shop Lease to be used at the Property from time to time; (2) use the Standard Form of Shop Lease as the basis for the negotiation of all Small Shop Leases and Large Shop Leases; (3) subject to the terms of the Leasing Guidelines, negotiate the terms and conditions of all Leases, including, without limitation, all extensions, renewals, amendments and modifications thereto, in accordance with the Annual Plan, with such immaterial variances from the Standard Form of Shop Lease as may be reasonably required, unless otherwise authorized in writing by Owner; PROVIDED that Manager may negotiate terms and conditions for Leases which vary from the rent terms set forth in the Leasing Guidelines by up to ten percent (10%); (4) arrange for the execution of Leases and all amendments and modifications thereto by all parties thereto, and distribute copies thereof in accordance with this Agreement; (5) locate and endeavor to secure, in accordance with the Annual Plan, suitable Occupants for all areas of the Property that may be vacant from time to time or are to be come vacant in the near future and are reasonably available for occupation or use, including, to the extent applicable, the Common Areas; (6) review the general suitability of prospective Occupants and, to the extent Manager may deem it reasonably necessary or appropriate, seek references from prospective Occupants and conduct such other investigations as will establish whether or not the prospective Occupant is capable of performing all obligations which the prospective Occupant would be required to perform under its Lease; (7) coordinate the activities of management, leasing, design and engineering personnel and/or consultants to implement the leasing program for the Property; and (8) perform such other leasing activities as may be required by and consistent with the prevailing national standard for properties of a similar type and quality as the Property.

Appears in 4 contracts

Samples: Management Letter Agreement (Westfield America Inc), Management Agreement (Westfield America Inc), Management Letter Agreement (Westfield America Inc)

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LEASING OBLIGATIONS. Manager shall use its diligent, good faith efforts during the term of this Agreement to lease the Property in accordance with the Annual Plan. In connection therewith, Manager shall: : (1) assist in the preparation of and make recommendations to Owner as to variations to the Standard Form of Shop Lease to be used at the Property from time to time; ; (2) use the Standard Form of Shop Lease as the basis for the negotiation of all Small Shop Leases and Large Shop Leases; ; (3) subject to the terms of the Leasing Guidelines, negotiate the terms and conditions of all Leases, including, without limitation, all extensions, renewals, amendments and modifications thereto, in accordance with the Annual Plan, with such immaterial variances from the Standard Form of Shop Lease as may be reasonably required, unless otherwise authorized in writing by Owner; , PROVIDED that Manager may negotiate terms and conditions for Leases which vary from the rent terms set forth in the Leasing Guidelines by up to ten percent (10%); ; (4) arrange for the execution of Leases and all amendments and modifications thereto by all parties thereto, and distribute copies thereof in accordance with this Agreement; ; (5) locate and endeavor to secure, in accordance with the Annual Plan, suitable Occupants for all areas of the Property that may be vacant from time to time or are to be come vacant in the near future and are reasonably available for occupation or use, including, to the extent applicable, the Common Areas; ; (6) review the general suitability of prospective Occupants and, to the extent Manager may deem it reasonably necessary or appropriate, seek references from prospective Occupants and conduct such other investigations as will establish whether or not the prospective Occupant is capable of performing all obligations which the prospective Occupant would be required to perform under its Lease; ; (7) coordinate the activities of management, leasing, design and engineering personnel and/or consultants to implement the leasing program for the Property; and and 15 <PAGE> (8) perform such other leasing activities as may be required by and consistent with the prevailing national standard for properties of a similar type and quality as the Property.

Appears in 1 contract

Samples: Management Agreement

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