New Tenant Leases. Without the prior written consent of the Buyer, the Seller or the Manager or any other agents shall not execute any new lease, or renew, amend, terminate or supplement any existing Tenant Lease (unless required by the terms thereof), for space at the Property. If the Buyer’s prior written approval was obtained on a new Tenant Lease or the renewal, amendment or supplement of an existing Tenant Lease, such Tenant Lease shall be deemed added to Schedule 4.2(c) attached hereto and Schedule 4.2(c) shall be deemed amended at the Closing to include such Tenant Leases. If the Buyer does not object within 10 days after receipt of a copy of a request for approval of a new Tenant Lease, or to the renewal, amendment, termination or supplement of an existing Tenant Lease (unless required by the terms thereof), then the Buyer shall be deemed to have approved such new Tenant Lease, renewal, amendment, termination or supplement, as the case may be.
Appears in 6 contracts
Samples: Assignment and Assumption Agreement, Assignment and Assumption Agreement (Carey Watermark Investors Inc), Assignment and Assumption Agreement (Carey Watermark Investors Inc)
