Common use of Leasing of Property Clause in Contracts

Leasing of Property. From the Effective Date through and including the Closing Date, Seller agrees not to (i) enter into any new leases, other than month-to-month leases entered into on market terms, but without discounts or rental concessions in excess of market discounts or concessions, or (ii) amend, terminate or accept the surrender of any existing leases, or directly or indirectly grant any discounts or rental concessions to any present or future tenant of the Property in excess of market discounts or concessions, without the prior written consent of Purchaser which may be granted or withheld in Purchaser’s sole discretion. Seller represents and warrants to Purchaser that (a) no leases have been or shall be entered into with any party that, directly or indirectly, has an ownership interest in Seller, or is otherwise in any manner affiliated with Seller (an “Affiliate”), and (b) subject to subparagraph (a) above, all existing leases have been (and all future leases shall be) entered into only with third parties that are unknown to Seller, any Affiliate of Seller, and their respective officers, directors, principals, managers, members, partners, shareholders, agents and/or representatives.

Leasing of Property. From the Effective Date through the last day of the Approval Period, Seller shall continue to lease the Property in the ordinary course of business in conformity with Seller’s current leasing practices. Following the expiration of the Approval Period through and including the Closing Date, Seller agrees not to (i) enter into any new leases, other than month-to-month leases entered into on market terms, but without any discounts or rental concessions in excess of market discounts or concessions, or (ii) amend, terminate or accept the surrender of any existing leases, if any, or directly or indirectly grant any discounts or rental concessions to any present or future tenant of the Property in excess of market discounts or concessionsProperty, without the prior written consent of Purchaser which may be granted or withheld in Purchaser’s sole discretion. Seller represents and warrants to Purchaser that (ai) no leases have been or shall be entered into with any party that, to the best of Seller’s knowledge, directly or indirectly, has an ownership interest in Seller, or is otherwise in any manner affiliated with Seller (an “"Affiliate”"), and (bii) subject to subparagraph (a) above, all existing leases have been (and all future leases shall be) entered into only with third parties that are unknown unrelated to Seller, any Affiliate of Seller, and their respective officers, directors, principals, managers, directors, members, partners, partners and shareholders, agents and/or representatives.

Leasing of Property. From the Effective Date through and including the Closing Date, Seller agrees not to (i) enter into any new leases, other than month-to-month leases entered into on market termsterms currently offered by Seller, but without any discounts or rental concessions in excess of market other than discounts or concessionsconcessions currently granted by Seller in its current operations, or (ii) amend, terminate or accept the surrender of any existing leases, or directly or indirectly grant any discounts or rental concessions to any present or future tenant of the Property in excess of market Property, other than discounts or concessionsconcessions currently granted by Seller in its current operations, without the prior written consent of Purchaser which may be granted or withheld in Purchaser’s sole reasonable discretion. Seller represents and warrants to Purchaser that (athat, except as set forth on attached Schedule 5.4(i) no leases have been or shall be entered into with any party that, directly or indirectly, has an ownership interest in Seller, or is otherwise in any manner affiliated with Seller (an “Affiliate”), and (bii) subject to subparagraph (a) above, all existing leases have been (and all future leases shall be) entered into only with third parties that are unknown to Seller, any Affiliate of Seller, and their respective officers, directors, principals, managers, members, partners, partners and/or shareholders, agents and/or representatives.

Leasing of Property. From the Effective Date through and including the Closing Date, Seller agrees not to (i) enter into that any new leases, other than month-to-month leases will be entered into on market terms, but without discounts or rental concessions in excess of market discounts or concessions, or the same manner as the Seller has conducted business in the past twelve (ii12) months and Seller will not amend, terminate or accept the surrender of any existing leases, or directly or indirectly grant any discounts or rental concessions to any present or future tenant of including the Property Additional Leases, if any, except in excess of market discounts or concessions, without the prior written consent of Purchaser which may be granted or withheld same manner as the Seller has conducted business in Purchaser’s sole discretionthe past twelve (12) months. Seller represents and warrants to Purchaser that (ai) no leases have been or shall be entered into with any party that, directly or indirectly, has an ownership interest in Seller, or is otherwise in any manner affiliated with Seller (an “Affiliate”), and (bii) subject to subparagraph (a) above, except for the Related Party Units listed on Exhibit “F” all existing leases have been (and all future leases shall be) entered into only with third parties that are unknown to Seller, any Affiliate of Seller, and their respective officers, directors, principals, managers, members, partners, shareholders, agents and/or representatives.