New Lease Commission. For each Property for which Manager serves as leasing agent, Owner will pay Manager, for each new tenant Lease entered into during the term hereof, a commission equal to the fee that is customarily charged by others rendering similar services in the same geographic area, as determined by the Board of Directors of The GC Net Lease REIT, in its sole discretion.
Appears in 3 contracts
Samples: And Construction Management Agreement (Gc Net Lease Reit, Inc.), And Construction Management Agreement (Gc Net Lease Reit, Inc.), And Construction Management Agreement (Gc Net Lease Reit, Inc.)
New Lease Commission. For each Property for which Manager serves as leasing agent, Owner will pay Manager, for each new tenant Lease entered into during the term hereof, a commission equal to the fee that is customarily charged by others rendering similar services in the same geographic area, as determined by the Board of Directors of The GC Net Lease the REIT, in its sole discretion.
Appears in 2 contracts
Samples: And Construction Management Agreement (Griffin Capital Essential Asset REIT, Inc.), And Construction Management Agreement (Griffin Capital Essential Asset REIT II, Inc.)
