Leasing Expenditures definition
Examples of Leasing Expenditures in a sentence
BKP shall assume liability for unpaid Leasing Expenditures and TI Expenditures with respect to New Leases which BKP has approved (to the extent BKP’s approval is required by this Section 7.3), and shall indemnify the Contributor Parties from and against any claims made in connection such Leasing Expenditures and TI Expenditures with respect to such New Leases.
The foregoing reimbursement requirement shall not apply to (i) any Lease executed before Closing to the extent it is amended or modified after Closing in a manner that increases the requirement to pay TI Expenditures or Leasing Expenditures after Closing or (ii) TI Expenditures and Leasing Expenditures incurred as a result of the exercise after Closing of any extension, renewal or expansion option under any Lease.
With respect to Leasing Expenditures and TI Expenditures, Buyer shall assume liability for the same at Closing and shall indemnify the Released Parties (as defined herein) from and against any claims made in connection with Leasing Expenditures and TI Expenditures.
Purchaser shall assume liability for unpaid Leasing Expenditures and TI Expenditures with respect to New Leases which Purchaser has approved (to the extent Purchaser’s approval is required by this Section 7.3), and shall indemnify the Seller Parties from and against any claims made in connection such Leasing Expenditures and TI Expenditures with respect to such New Leases.