Common use of No Lease Amendments Clause in Contracts

No Lease Amendments. Other than ordinary course transactions consistent with past practice, the Transferor Partnership shall not, without the BRI Partnership's prior written consent (a) enter into any new lease for an apartment unit with a first-time tenant unless the lease is for a period of no more than one year and the rent shall be not less than the amount of the market rent noted on the Rent Roll for the respective apartment; or (b) amend any Lease for an apartment unit with an existing tenant, or (c) renew or extend any Lease for an apartment unit with an existing tenant unless the lease is for a period of not more than one year and that the rent for the amended, renewal or extension term shall not be less than the amount of rent noted on the Rent Roll, for the respective apartment; or (d) terminate any Lease except in the ordinary course of business or by reason of a default by the tenant thereunder or by reason of the provisions contained in the Lease or as required by applicable law.

No Lease Amendments. Other than ordinary course transactions consistent with past practice, the Transferor Partnership Corporation shall not, without the BRI Partnership's prior written consent (a) enter into any new lease for an apartment unit with a first-time tenant unless the lease is for a period of no more than one year and the rent shall be not less than the amount of the market rent noted on the Rent Roll for the respective apartment; or (b) amend any Lease for an apartment unit with an existing tenant, or (c) renew or extend any Lease for an apartment unit with an existing tenant unless the lease is for a period of not more than one year and that the rent for the amended, renewal or extension term shall not be less than the amount of rent noted on the Rent Roll, for the respective apartment; or (d) terminate any Lease except in the ordinary course of business or by reason of a default by the tenant thereunder or by reason of the provisions contained in the Lease or as required by applicable law.