Submission Not an Offer. The submission of a draft of this Lease or a summary of some or all of its provisions does not constitute an offer to lease or demise the Premises, it being understood and agreed that neither Landlord nor Tenant shall be legally bound with respect to the leasing of the Premises unless and until this Lease has been executed by both Landlord and Tenant and a fully executed copy has been delivered to each of them.
Submission Not an Offer. The submission of this Contract to any party by Seller shall not be construed as an offer, nor shall Purchaser have any rights with respect thereto, unless and until Seller shall execute a copy of this Contract and deliver the same to Purchaser.
Submission Not an Offer. Submission of this Lease by Landlord to Tenant does not constitute an offer by Landlord to lease the Premises upon the terms hereof, and in no event will Landlord be bound hereunder except upon the mutual execution and delivery by Landlord and Tenant of the Lease, and the approval of such execution by Landlord’s Board of Directors pursuant to applicable law.
Submission Not an Offer. Submission of this Agreement to Purchaser does not constitute an option or offer to sell the property and this Agreement shall not be effective unless and until execution and delivery occurs by both Purchaser and Seller. [Signature Page Follows]
Submission Not an Offer. Submission of this Lease for examination shall not bind Landlord or Tenant in any manner, and no lease or obligations of Landlord or Tenant shall arise until this instrument is signed by both Landlord and Tenant and delivery is made to each.
Submission Not an Offer. The submission of this Lease or a summary of any of its provisions for examination and review, does not constitute an offer to lease on the terms of this Lease or those provisions, and this Lease shall not be effective or binding on Lessor or Lessee until execution and delivery by both.
Submission Not an Offer. The submission of this document for examination does not constitute an option or offer to lease the Premises. This document shall have no binding effect on the parties unless executed by both Landlord and Tenant and a fully executed copy is delivered to each of them.
Submission Not an Offer. The submission of this Sub-Sublease by either party to the other shall not constitute an offer by such party and neither party shall be bound in any way unless and until this Sub-Sublease is executed and delivered by both parties.
Submission Not an Offer. Neither the submission of this Agreement by either party, nor the reliance by either party on the terms hereof, shall constitute a contract or give either party a right to rely on the terms hereof unless and until this Agreement has been executed by all parties hereto. This Agreement shall have no force or effect until it has been executed by all parties hereto.
Submission Not an Offer. Submission of this Lease by Landlord to Tenant does not constitute an offer by Landlord to lease the Premises upon the terms hereof, and in no event will Landlord be bound hereunder except upon the mutual execution and delivery by Landlord and Tenant of the Lease, and the approval of such execution by Landlord’s Board of Directors pursuant to applicable law. TAX CREDIT SYNDICATION Landlord hereby acknowledges that the right to syndicate the low-income housing tax credits (“Tax Credits”) allocated to the Project is a material benefit bargained for by Tenant. Therefore, Landlord agrees that Tenant will have the right to syndicate the Tax Credits allocated to the Project and Landlord will cooperate with Tenant in connection with any syndication of the Tax Credits. To effectuate any syndication, Tenant will: (a) subject the Premises to a condominium regime (including a land condominium regime) such that one or more condominium units (the “Condominium Units”) contain all of the low-income units that generate the Tax Credits, (b) enter into one or more Subleases pursuant to which Tenant subleases the Condominium Units to the Tax Credit Project Owners, (c) in furtherance of items (a) and (b), cause the Tax Credit Project Owners to operate the Project as two separate tax credit projects so long as any such structure does not materially adversely affect the rights and obligations of Landlord or violate any of the provisions of this Lease. Furthermore, Tenant will not be charged any fee by Landlord in connection with a syndication of the Tax Credits allocated to the Project.
