Common use of Redevelopment of the Leased Properties Clause in Contracts

Redevelopment of the Leased Properties. DevCo agrees that it will cause each Tenant under a Master Lease, at its sole cost and expense, but subject to the terms and provisions of such Master Lease and applicable Laws, to use commercially reasonable efforts to cause the development or redevelopment, and/or the lease-up, of the subject Leased Property, as may be applicable, in each case, in accordance with the Redevelopment Plans for such Leased Property (the “Redevelopment”). Any such development or redevelopment shall be completed substantially in accordance with the plans and specifications approved by the Parties for the Redevelopment of the Leased Property (collectively, the “Redevelopment Plans”) and all applicable Laws.

Appears in 4 contracts

Samples: Master Lease Agreement (Aimco Properties L.P.), Master Lease Agreement (Aimco OP L.P.), Master Leasing Agreement (Aimco OP L.P.)

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