Common use of TEMPORARY LEASES Clause in Contracts

TEMPORARY LEASES. If the terms and conditions of any Temporary Lease are consistent with the budget for Temporary Leases (subject to a variance of up to ten percent (10%) on the rent terms) and are on the standard form of lease for Temporary Leases (without material modification thereto) or have otherwise been approved in writing by Owner, Manager is authorized to execute such Temporary Leases on behalf of Owner, without seeking Owner's consent thereto. Manager shall deliver a conformed copy of any such Temporary Lease to Owner promptly after Owner's request therefor.

Appears in 4 contracts

Samples: Management Letter Agreement (Westfield America Inc), Management Agreement (Westfield America Inc), Management Agreement (Westfield America Inc)

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