Xxxxxx and Lessee Sample Clauses

Xxxxxx and Lessee acknowledge that Lessee anticipates making alterations, improvements and additions to the premises to satisfy the requirements of current and future distributors of new vehicles to be sold from the premises. Lessor hereby consents to Lessee making such alterations, improvements and additions to the premises as may be approved or required by such distributors and as may be approved or required by applicable governmental authorities. Lessor further agrees to cooperate promptly with Lessee in Lessee's seeking the approval of governmental authorities for such alterations, improvements and additions and to execute promptly such documents as may be reasonably requested by Lessee in connection therewith, including filings with and submissions to the City of Scottsdale.

Xxxxxx and Lessee acknowledge and agree that Lessor will obtain further financing for the Property in order to facilitate the construction of tenant improvements. In connection therewith, Lessor is obtaining a loan from Golden Gate Bank and/or Mid-Peninsula Bank in a principal amount of approximately $6,225,000.00, which will be secured by a deed of trust recorded against the Property. Lessee agrees to cooperate with Lessor's efforts to obtain such loan.