Standard Lease Form Clause Samples
Standard Lease Form. All leases entered into by the State of Michigan are based on the Standard Lease form pre-approved by the Attorney General’s office, which is enclosed with this RFP. Any requested exceptions or alterations to this Standard Lease form must accompany your proposal. However, the Attorney General’s office must approve as to legal form any proposed revisions. Exceptions to the Standard Lease form may have an impact on the recommendation. The State of Michigan reserves the right to make further modifications to the Lease document to accurately reflect final business terms.
Standard Lease Form. Each Approved Lease shall be prepared on a lease form (the "Standard Lease Form"), to be approved by Lender, in Lender's sole but reasonable discretion, with such modifications in terms not adversely affecting the basic economics of the Lease, the financial strength of the tenant, or the transferability of the Lease. The Standard Lease Form shall include among its terms the following provisions:
(i) subordination and attornment language in favor of Lender, including a covenant by tenant to execute estoppel certificates and a subordination non-disturbance and attornment agreement in favor of Lender, in form and substance acceptable to Lender;
(ii) any covenants to make payment to or perform obligations by landlord to or for the benefit of tenant shall be personal to Borrower as landlord and shall not be binding upon Lender;
(iii) Lender's right to notice of default by landlord and right to cure such default;
(iv) each proposed lease of the Property shall require tenant to provide financial information to landlord under the lease no less often than annually;
(v) a reasonable security deposit based upon tenant's operating history and financial strength, but only if such Lease is not an Existing Lease; and
(vi) prohibitions on assignment, sublet, transfer and change of control of tenant.
Standard Lease Form. The standard form of lease currently in use and to be used in future leasing with respect to the Premises. All leases, assignments of lease, subleases and lease amendments and other agreements with respect to the Premises (hereinafter "leases") shall be subordinate to the Security Instrument.
Standard Lease Form. Borrower shall have submitted and Administrative Agent shall have pre-approved in writing (in Administrative Agent’s sole and absolute discretion) the form and content of a standard lease agreement to be used for all leases affected the Premises, which form shall include a subordination provision (in form and content approved by Administrative Agent in its sole and absolute discretion) for each tenant now or hereafter existing on the Premises.
Standard Lease Form. All leases and other rental arrangements of any portion of the Portfolio or the improvements thereon shall be subject to Lender’s prior written approval by Lender, which approval shall not be unreasonably withheld, conditioned or delayed. Within ten (10) Business Days after Lender’s request, Borrower shall furnish to Lender a statement of all tenant security deposits, if any, and copies of all leases not previously delivered to Lender, certified by Borrower as being true and correct.
Standard Lease Form. Prior to entering into any Lease with respect to a Project which is or will be operated as a rental building and which is not a so-called "build-to-suit" Project, Pioneer shall submit to Banc One for approval a standard form of lease to be utilized with respect to such Project. Such standard lease form shall contain such terms and conditions as are customary with respect to buildings similar to the Project in question and located in the locality in which such Project is located. If requested by Pioneer, Banc One shall also approve alternative non-economic provisions of such standard form of lease which will contain the minimum landlord requirements or protections acceptable to Banc One with respect to such provisions and, upon such approval, Pioneer may utilize such alterative provisions (or any provision less onerous to or more protective of the landlord) without the further approval of Banc One.
Standard Lease Form. A copy of the standard lease form used by Seller at the Property.