Leasing Practice Sample Clauses
Leasing Practice. (a) The Existing Space Leases, together with any modifications, renewals and new leases made after the date hereof in accordance with this Section 7.1 hereof are herein called the “Space Leases” and the tenants thereunder are herein called the “Space Tenants”. During the period ending five (5) days before the Outside Termination Date, Seller may enter into new leases, terminate, renew and/or make modifications to the Space Leases (collectively, “New Lease(s)”) without the approval of Purchaser. Beginning with the fifth (5th) day before the Outside Termination Date, provided Purchaser is not in default under this Contract, Seller shall not enter into New Leases without the prior approval of Purchaser, which approval shall not be unreasonably withheld, conditioned or delayed. Purchaser agrees to grant or deny consent in writing (and provide, in reasonable detail, the reasons for any denial) within three (3) Business Days after Purchaser’s receipt of Seller’s request, which request shall contain copies of all material information related to such request and a summary of the material terms of the proposed New Lease. Purchaser’s failure to timely respond in writing to Seller’s request shall be deemed a consent to the proposed New Lease. Seller shall, from time to time, inform (orally or in writing) Purchaser of any new lease negotiations and promptly give notice to Purchaser of any New Lease and a copy of any instruments executed and any material information delivered in connection with the New Lease.
(b) Following the Outside Termination Date, Seller may continue to grant consent or approval to a request made by a Space Tenant if such consent or approval is required to be granted pursuant to the applicable provisions of the Space Lease or if Seller is required to exercise reasonable judgment or discretion in determining whether to grant the consent or approval.
(c) Following the Outside Termination Date, if Seller is not obligated to grant, or exercise reasonable judgment or discretion in determining whether to grant, consent or approval to a request made by a Space Tenant, then, provided Purchaser is not in default under this Contract, Seller shall, prior to granting such consent or approval, notify Purchaser of the request made by a Space Tenant, which notice shall contain copies of all documents, if any, submitted by such Space Tenant in connection with the request. Purchaser agrees to advise Seller in writing, within three (3) Business Days after Purchaser...
Leasing Practice. (a) Provided that Purchaser is not in default under this Contract, Seller shall not, without Purchaser’s prior approval, which shall be at Purchaser’s sole discretion, enter into any modifications, renewals or extensions of the GSA Lease other than those required pursuant to the terms of the GSA Lease (collectively, “GSA Lease Modifications”). Purchaser agrees to grant or deny consent in writing (and provide, in reasonable detail, the reasons for any denial) within five (5) Business Days after Purchaser’s receipt of Seller’s request, which request shall contain copies of all material information related to such request and a summary of the material terms of the proposed GSA Lease Modification and such other information as reasonably requested by Purchaser. Purchaser’s failure to timely respond in writing to Seller’s request shall be deemed a consent to the proposed GSA Lease Modification. Seller shall, from time to time, inform (orally or in writing) Purchaser of any negotiations and promptly give notice to Purchaser of any GSA Lease Modification and a copy of any instruments executed and any material information delivered in connection with the GSA Lease Modification. The term “GSA Lease” shall include any GSA Lease Modifications made after the Effective Date which are permitted under this Section 9.1.
Leasing Practice. (a) Subject to Section 6(b) below, Seller may continue to lease the Premises in a manner consistent with its past course of business and in a commercially reasonable manner, including, without limitation and in its sole discretion, the termination of existing Space Leases and/or the entering into of new leases or renewals or modifications of existing Spaces Leases (such new space lease, termination, renewal or modification is herein referred to as a "New Space Lease") .
(i) Prior to the expiration of Purchaser's Due Diligence Period, Seller shall be permitted to enter into any New Space Lease without the approval of Purchaser, provided Seller promptly notifies Purchaser of the same. (ii) After the expiration of Purchaser's Due Diligence Period provided Purchaser is not in default under this Contract, Seller shall not (A) enter into a New Space Lease covering more than 7,500 square feet of rentable space without obtaining the prior written consent of Purchaser, which consent shall not be unreasonably withheld or delayed or (B) terminate any Space Lease without the prior written consent of Purchaser except in the event of a default by a Space Tenant under a
Leasing Practice. 6 7. APPORTIONMENTS AND REIMBURSEMENTS............................7 8. VIOLATIONS..................................................10 9.
Leasing Practice. Personal Property and Equipment Employees Development Rights Tax Protest Proceedings Operation and Maintenance
Leasing Practice. Seller shall not enter into leases, licenses, concessions or any other occupancy arrangement affecting portion of the Premises without Purchaser’s prior written consent.
Leasing Practice. During the pendency of this Agreement, WWP Sponsor shall have the right to amend, modify and cancel existing Leases, other than (i) any of the Major Leases or (ii) any Lease or Leases which provide for annual aggregate rent and/or additional rent in excess of $200,000.00, and enter into new Leases at the Office Property and the Amenities Property only (a) in accordance with the Approved Annual Budget, or (b) in accordance with the terms of the LLC Agreement, and with respect to the rights under the LLC Agreement as if the LLC Agreement was in effect as of the Effective Date, Investor shall have the consent rights of the Investor Member (as defined in the LLC Agreement) in accordance with the terms the LLC Agreement. The proposed annual budget for 2014 shall be delivered to Investor for its review, input and approval as soon as same is ready, and the budget shall not be approved, and shall not become the Approved Annual Budget, unless and until same has been reviewed and approved by Investor, which approval shall not be unreasonably withheld, delayed or conditioned. Investor shall endeavor to respond to the proposed budget promptly after receipt thereof. Until such time as the annual budget for 2014 is approved by WWP Sponsor and Investor, WWP Sponsor agrees to cause Office Owner and Amenities Owner to operate the Real Property under the Approved Budget for 2013 with only such changes as shall be made in accordance with the LLC Agreement.