Common use of Major Leases Clause in Contracts

Major Leases. In addition to the requirements of subsection (a) above, with respect to any Major Lease (as defined below), unless consented to in writing by Lender (which consent shall not be unreasonably withheld) or otherwise permitted under any other provision of the Loan Documents, Borrower shall not: (i) enter into any Major Lease; (ii) terminate (unless the tenant is in monetary default thereunder), modify or amend a Major Lease (including the term thereof); or (iii) release or discharge the tenant or any guarantor under any Major Lease from any material obligation thereunder.

Appears in 4 contracts

Samples: Loan Agreement (Industrial Income Trust Inc.), Loan Agreement (Industrial Income Trust Inc.), Loan Agreement (Dividend Capital Total Realty Trust Inc.)

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