Leasing Program. It will not and will cause its Affiliates not to discontinue the leasing program relating to the Devices or Related Customer Leases or take any corporate action to discontinue such leasing program.
Leasing Program. Manager will prepare and submit to Head Lessee for Head Lessee’s approval from time to time in accordance with Section 4.1, a Leasing Program containing the following elements:
(a) a rent roll indicating the minimum rental for vacant space (including space which is subject to an “Intrawest Interim Lease” as defined in the Head Lease) and for space for which a Lease is due to expire during the Fiscal Year in question;
(b) the estimated Capital Improvements to be granted to both new and renewal Tenants, whether such improvements take the form of cash allowances or work to be undertaken by Head Lessee;
(c) any free rent or fixturing periods to be granted to new and renewal Tenants;
(d) the contemplated term of the Leases for new and renewal Tenants;
(e) the costs and plans necessary to prepare space for a specific Tenant, including sales and leasing commission charges;
(f) any Capital Improvements and the costs to be incurred to prepare space to be generally available for leasing to one or more Tenants such as electrical, HVAC and sprinkler services; and
(g) the amount of, or formula for calculation of, the proposed Leasing Commission Fee. The rental rate for rentals and renewals of any Operated Facilities will be set at a level which Tenants or prospective Tenants, as the case may be, can be reasonably expected to pay for such Operated Facilities taking into account the intended type of usage, the sales or projected sales and the operating and all other costs associated with such category and all other relevant circumstances including rates charged for comparable space at the Resort. Manager will screen Tenants based on its criteria for suitable Tenants as contemplated in this Section 3.5, and recommend potential tenants for vacant space to Head Lessee which Head Lessee will have the right to approve pursuant to this Section 3.5. All Leases shall be executed by Head Lessee and, subject to the foregoing, Head Lessee will execute and return all Lease documents promptly after receiving them from Manager. All Leases will be on a form of lease approved in advance by Head Lessee. Head Lessee and Manager agree that:
(i) the Operated Facilities may only be used or leased for uses which are in keeping with the Standard;
(ii) changes in the tenant mix of the Operated Facilities will only be made on a basis which is reasonable taking into account the Leasing Program and the Standard;
(iii) the Operated Facilities may only be leased to Persons and on terms which will ca...
Leasing Program. Borrower shall market and lease the Project consistent with the Marketing Plan described in Section 7.8 hereof.
Leasing Program each Site Agreement (the Property, the space upon BellSouth's Tower utilized by User and any easements providing access and utilities to the Property are sometimes referred to herein individually as a "Site" or collectively as "Sites"). With respect to any Sites which User may desire to lease, sublease, license or sublicense, as applicable, User shall give written notice to BellSouth at the address provided in Section 27 hereof of such desire. After receipt of written notice from User of such desire to add a Site to this MSA, BellSouth shall provide User with a Site Application to be completed by User. Upon receipt by BellSouth of the completed Site Application, together with any application fee required by BellSouth, BellSouth shall evaluate the feasibility of utilization of each Site requested by User to be added to this MSA. Except in extraordinary circumstances, as determined by BellSouth in its discretion, the application fee generally will not exceed $ [ * ] per Site. The Site Application fee, once received by BellSouth shall in all instances under this MSA be applied toward the first base rent payments due under the applicable Site Agreement. BellSouth will use reasonable best efforts to respond promptly to initial requests for a Site Application and to Site Applications submitted by User. BellSouth may decline additional Sites for any reason whatsoever. If BellSouth desires to lease or to license any Site to User, BellSouth shall deliver to User three (3) completed, unexecuted counterparts of a Site Agreement pertaining to such Site. User shall have a period of fifteen (15) business days from User's receipt of such Site Agreement to execute and return same to BellSouth. If User fails to return all counterparts of the Site Agreement, properly executed and unmodified by User, together with the Site Cost Reimbursement Amount (as defined herein) set forth in the Site Agreement, within such fifteen (15) day period such Site Agreement shall immediately be deemed null and void. Upon receipt of the properly executed, unmodified counterparts of the Site Agreement, BellSouth will execute same and return a fully executed original of the Site Agreement to User, whereupon the Site Agreement shall be deemed to be added to this MSA.
Leasing Program. If requested by Bondowner Representative, Borrower shall submit to Bondowner Representative for its written approval Xxxxxxxx’s initial narrative leasing program for the marketing and leasing of the Project, with a budget for the marketing and advertising costs necessary to achieve stabilized occupancy (the “Leasing Program”). Borrower shall update and revise the Leasing Program from time to time, subject to the approval of Bondowner Representative and, as may be necessary or desirable to respond to or anticipate any market or other conditions, provided that at all times Borrower shall have in place and shall implement a modified Leasing Program sufficient to ensure the full repayment of the Loan on or before the maturity of the Loan.
