Tenant Improvements and Leasing Commissions. (a) Borrower hereby agrees to (a) perform, or cause to be performed, tenant improvements required under any Lease entered into in accordance with the provisions of Section 5.13 of this Agreement (collectively, the “Tenant Improvements”), and (b) pay the costs of leasing commissions incurred by Borrower in connection with the leasing of the Property or a portion thereof (collectively, “Leasing Commissions”).
Tenant Improvements and Leasing Commissions. (a) Borrower hereby agrees to (a) perform, or cause to be performed, tenant improvements required under any Lease entered into in accordance with the provisions of Section 5.13 of this Agreement (collectively, the "TENANT IMPROVEMENTS"), and (b) pay the costs of leasing commissions incurred by Borrower in connection with the leasing of the Property or a portion thereof (collectively, "LEASING COMMISSIONS").
Tenant Improvements and Leasing Commissions. Buyer shall be responsible for all tenant improvement costs, leasing commission costs and costs of lease concessions to the extent approved in writing by Buyer which arise from Qualifying Leases (as hereinafter defined). "Qualifying Leases" shall include only those leases set forth on EXHIBIT J and any other leases entered into by and between Seller and a new or existing tenant following the Effective Date which are approved by Buyer pursuant to the terms of Section 9.2 of this Agreement, which approved leases shall be added to EXHIBIT J upon such approval. Buyer has approved and shall be responsible to pay only the amount of broker's commissions, tenant improvement allowances and tenant concessions specified for Qualifying Leases on EXHIBIT J. Seller shall pay all such amounts to the extent due and payable prior to the Closing and shall deliver to Buyer and Escrow Holder evidence reasonably satisfactory of such payments not later than two (2) Business Days prior to the Scheduled Closing Date and Seller shall be credited at the Closing with all such sums paid. In addition, Buyer shall be responsible to pay only those future tenant improvement allowances, tenant concessions and broker's commissions on or related to existing Tenant Leases which will or may arise in the future on existing Tenant Leases as set forth in EXHIBIT K. Seller represents and warrants to Buyer that any broker's commissions payable pursuant to EXHIBIT J or EXHIBIT K are payable only to Xxxxx & Xxxxx or CB Commercial and agrees to obtain a release satisfactory to Buyer in favor of Buyer from Xxxxx & Xxxxx of any broker's commissions or other payments related to the Property other than the amounts which are stated as still outstanding as set forth on said EXHIBIT J or EXHIBIT K and specified to be payable to Xxxxx & Xxxxx. All other costs of tenant improvements, leasing commissions, or leasing concessions on Leases entered into prior to the Effective Date shall be paid by Seller at or prior to the Closing to the extent due and payable by the Closing Date and if not so paid shall be deducted from the Purchase Price. Seller agrees to indemnify, defend and hold Buyer harmless from and against any claim by CB Commercial or other broker for any commissions other than a commission (a) which is specified to be payable by Buyer on EXHIBIT J or EXHIBIT K and (b) for which Seller receives no credit at the Closing. In addition to the foregoing, Buyer understands that Seller is entitled to receive f...
Tenant Improvements and Leasing Commissions. Seller shall be responsible for and shall pay at or prior to Closing, any and all leasing commissions and tenant improvement costs payable in connection with any Leases and shall deliver to Buyer evidence of such payment at Buyer’s request. Seller shall indemnify, defend and hold harmless Buyer from and against any and all liabilities, damages, losses, costs and expenses (including attorneys’ fees and expenses) in any manner arising out of, by reason of or in connection with any claims, demands, actions and judgments relating to Seller’s failure to pay tenant improvement costs and/or leasing commissions for the initial base term only under any Lease that was entered into by Seller prior to the Closing Date (but excluding, for the avoidance of doubt, any extensions, amendments, modifications or renewals thereof made by Buyer following Closing). In the event that any leasing commissions or tenant improvement costs remain unpaid by Seller at Closing, Buyer shall assume from Seller the obligation to pay all such leasing commissions and/or tenant improvement costs; provided, that Buyer shall receive a credit against the Purchase Price for any such leasing commissions and/or tenant improvement costs outstanding as of Closing. The provisions of this Section 16(h) shall survive the consummation of the purchase and sale of the Property.
Tenant Improvements and Leasing Commissions a. Except as hereinafter provided and so long as no Event of Default has occurred under the Loan Documents, Lender shall from time to time disburse the funds constituting TI/LC Reserves in the amounts hereinafter specified in accordance with the following terms and conditions:
Tenant Improvements and Leasing Commissions a. Except as hereinafter provided and so long as no Event of Default has occurred and is continuing under the Loan Documents, Lender shall allow Escrow Release(s) in the amounts hereinafter specified in accordance with the following terms and conditions:
Tenant Improvements and Leasing Commissions. Lender hereby requires, and Borrower hereby agrees, (a) to perform, or cause to be performed, tenant improvements required under any new Lease or modification, renewal or extension of any existing Lease which is entered into after the date hereof and which is approved by Lender or, if Lender's approval is not required, is entered into in accordance with the provisions of Section 3.8 of the Security Instrument (collectively, the "Tenant Improvements"). and (b) pay the costs of leasing commissions incurred by Borrower in connection with the leasing of the Property or a portion thereof, provided that (x) such leasing commissions are reasonable and customary for properties similar to the Property and the portion of the Property leased for which such leasing commission is due, and (y) the amounts of such leasing commissions are determined pursuant to arm's length transactions between Borrower and any leasing agent to which a leasing commission is due, and excluding any leasing commissions which shall be due any member, general partner or shareholder of Borrower or any affiliate of Borrower (collectively, "Leasing Commissions").
Tenant Improvements and Leasing Commissions. The Contributors shall be responsible for the performance and prompt payment of the cost of all tenant improvements (including all architect, engineering and related construction fees and expenses) and all leasing commissions, brokerage fees and similar amounts or reimbursements for any of the foregoing relating to any Qualified New Lease or Qualified Replacement Lease (collectively, "Additional NOI Lease Expenses") in accordance with the provisions of the Post-Closing Leasing Agreement. Notwithstanding the foregoing, the Contributors shall have the right to elect in their sole and absolute discretion not to lease any of the space included in the Identified Space, in which event the Contributors shall not have any liability with respect to any additional NOI Lease Expenses relating to such space.
Tenant Improvements and Leasing Commissions. At Closing, Purchaser will pay Seller, in addition to the Purchase Price, an additional amount equal to the unamortized component of any tenant improvements or lease commission costs incurred by Seller for leasing the Property to Purchaser. Seller and Purchaser acknowledge and agree that, provided that the Closing occurs on August 9, 2006, the amount owed to Seller under this Section 8.1(d) shall be Two Hundred Thirteen Thousand Seven Hundred Seventy-Three and 20/100 Dollars ($213,773.20).
Tenant Improvements and Leasing Commissions. 68 SECTION 9.4.REQUIRED WORK..................................................69 SECTION 9.5.RELEASE OF RESERVE FUNDS.......................................71 SECTION 9.6.TAX AND INSURANCE RESERVE FUNDS................................74 XXXXION 9.7.EXCESS CASH RESERVE............................................75 SECTION 9.8.OPERATING EXPENSES; EXTRAORDINARY EXPENSES.....................75 SECTION 9.9.
