New Leases; Vacant Units Sample Clauses

New Leases; Vacant Units. From the Effective Date to the Closing Date, the Contributor shall cause the Property Owner not to enter into any new Leases with respect to the Property without the Partnership’s prior written consent unless such new Leases are on the Property Owner’s standard form residential lease, the rent and landlord concessions and incentives are consistent with the Property Owners’ current practices and current market conditions, and the Leases are otherwise entered into in the Ordinary Course of the Property Owners’ business of leasing and operating the Property.
Sample 1
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New Leases; Vacant Units. (A) not enter into any new leases with respect to the property without the prior written consent of the EL Parties, which consent shall not be unreasonably withheld, conditioned or delayed, unless such new leases are on the ATA Parties’ standard form residential lease, with such changes as the ATA Parties reasonably determine in the Ordinary Course, the rent and landlord concessions and incentives are consistent with the ATA Parties’ current practices, and the leases are otherwise entered into in the Ordinary Course of the ATA Parties’ business of leasing and operating the property; and (B) use commercially reasonable efforts in the Ordinary Course to make all vacant units rent-ready and available for occupancy based on standards and methods used by the ATA Parties prior to execution of this Agreement and to cause all appliances in all vacant units to be clean and in working order.
Sample 1
New Leases; Vacant Units. (A) not enter into any new Leases with respect to the Property without the prior written consent of the ATA Parties, which consent shall not be unreasonably withheld, conditioned or delayed, unless such new Leases are on the Contributed Entity’s standard form residential lease, with such changes as ELRM reasonably determines in the Ordinary Course, the rent and landlord concessions and incentives are consistent with the Contributed Entities’ current practices, and the Leases are otherwise entered into in the Ordinary Course of the Contributed Entities’ business of leasing and operating the Property; and (B) without limiting the representation in Section 5.22 hereof, use commercially reasonable efforts in the Ordinary Course to make all vacant units rent-ready and available for occupancy based on standards and methods used by the Contributed Entity prior to execution of this Agreement and to cause all appliances in all vacant units to be clean and in working order.
Sample 1

Related to New Leases; Vacant Units

  • New Leases Continue its present rental program and efforts at such Seller’s Property to rent vacant space in accordance with past practices; provided that, without the prior written consent of the Buyer, which consent may be granted or withheld in the Buyer’s sole discretion, such Seller shall not (i) execute any new lease, license or other occupancy agreement, (ii) amend, supplement, terminate, accept the surrender of, renew or otherwise modify any existing Lease, (iii) approve any assignment or sublease of any existing Lease, or (iv) waive any right or obligation thereunder; provided, however, that, in the case of any amendment, supplement, termination, surrender, renewal or modification of any existing Lease as set forth in clause (ii) above, if such existing Lease expressly and specifically sets forth the terms of any such amendment, supplement, termination, surrender, renewal or modification and requires the landlord under the Lease to acknowledge or counter-sign the same, in which case, the Buyer’s consent shall not be required, but Seller shall provide the Buyer with written notice of (and to the extent such amendment, supplement or modification modifies the rental terms of such Lease which rental amount is not specifically stated in such Lease, the Buyer shall have an opportunity to review and comment upon) such amendment, supplement, termination, surrender, renewal or modification at least five (5) Business Days prior to the date of execution. If such Seller enters into any new lease, license or other occupancy agreement, or renews any existing Lease (each such new lease, license, occupancy agreement and renewal, a “New Lease”) after the date hereof in accordance with the terms of this Section 3.2(d), then each such lease, license, occupancy agreement and renewal shall be included in the definition of “Leases” herein and added to Schedule 3.2(c) attached hereto, shall be assigned to and assumed by the Buyer at the Closing in accordance with this Agreement. If the Buyer does not reject or approve a new lease, license, occupancy agreement, renewal or a Lease amendment within five (5) Business Days after receipt of a copy thereof, then the Buyer shall be deemed to have approved such new lease, license, occupancy agreement, renewal or Lease amendment; provided that such notice includes specific reference to this Section 3.3(d) and the deemed approval provision hereof.

  • Real Property; Leasehold Neither the Company nor any of its Subsidiaries owns or has ever owned any real property. The Company has made available to Parent (a) an accurate and complete list of all real properties with respect to which the Company directly or indirectly holds a valid leasehold interest as well as any other real estate that is in the possession of or leased by the Company or any of its Subsidiaries, and (b) copies of all leases under which any such real property is possessed (the “Company Real Estate Leases”), each of which is in full force and effect, with no existing material default thereunder. The Company’s use and operation of each such leased property conforms to all applicable Laws in all material respects, and the Company has exclusive possession of each such leased property and has not granted any occupancy rights to tenants or licensees with respect to such leased property. In addition, each such leased property is free and clear of all Encumbrances other than Permitted Encumbrances.

  • New Lease The Ground Lease requires the ground lessor to enter into a new lease with Lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy proceeding.

  • Leasehold Interests Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement without any default of the Company thereunder and, to the best of the Company's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company's knowledge, by any other party thereto. The Company's possession of such property has not been disturbed and, to the best of the Company's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

  • Leasehold Properties In relation to those Properties which are leasehold:

  • Assignment of Membership Interests The Assignment of Membership Interests shall have been fully executed and delivered to Purchaser.

  • Equipment; Leasehold (a) All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and are adequate for the conduct of the Company's business in the manner in which such business is currently being conducted.

  • Assignment of Membership Interest Contributor shall have executed and delivered to Acquirer an Assignment and Assumption Agreement, in substantially the form of Exhibit A attached hereto (the "Assignment and Assumption Agreement");

  • Merger Sale Conveyance and Lease Section 10.01. Issuer May Consolidate on Certain Terms 44 Section 10.02. Issuer Successor to Be Substituted 44 Section 10.03. Guarantor May Consolidate on Certain Terms 44 Section 10.04. Guarantor Successor to Be Substituted 45 Section 10.05. Assumption by Guarantor 45

  • Real Property Lease Except as set forth in Disclosure Schedule 1.1.(b), Seller has no leases of real property used or held for use in connection with the Business or the Purchased Assets.

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