Common use of Tenant Rights Under Existing Leases Clause in Contracts

Tenant Rights Under Existing Leases. If, during the period between the Effective Date and the Closing Date, any Tenant shall exercise an option or right under an existing Lease to renew the Lease, extend the term of the Lease, or expand its premises, any obligation for Tenant Improvement Allowances and Leasing Commissions associated with the exercise of such option or right shall be prorated between Seller and Buyer in proportion to the ratio between the portion of the extended lease term resulting from the exercise of the option which occurs prior to the Closing Date and the portion thereof which occurs after the Closing Date.

Tenant Rights Under Existing Leases. If, If during the period between the Effective Date and the Closing Date, Date any Tenant shall exercise an option or right under an existing Lease to renew the Lease, extend the term Term of the Lease, Lease or expand its premises, any obligation for Tenant Improvement Allowances tenant improvement work and Leasing Commissions leasing commissions associated with the exercise of such option or right shall be prorated between Seller and Buyer in proportion to the ratio between the portion of the extended lease term resulting from the exercise of the option which occurs prior to the Closing Date and the portion thereof which occurs after the Closing Date.

Tenant Rights Under Existing Leases. If, If during the period between the Effective Date and the Closing Date, any Tenant shall exercise an option or right under an existing Lease to renew the Lease, extend the term Term of the Lease, Lease or expand its premises, any obligation for Tenant Improvement Allowances tenant improvement work and Leasing Commissions leasing commissions associated with the exercise of such option or right shall be prorated between Seller and Buyer in proportion to the ratio between the portion of the extended lease term resulting from the exercise of the option which occurs prior to the Closing Date and the portion thereof which occurs after the Closing Date.