Leasing Expenses definition

Leasing Expenses means all capital costs, tenant improvement costs, relocation costs, temporary leasing costs, leasing commissions, legal, design and other professional fees, and other expenses incurred with respect to the Space Leases and allowances granted to any tenants in lieu of any of the above.

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Leasing Expenses means the tenant improvements (including base building improvements required pursuant to a Lease) and leasing commission obligations incurred by Borrower in connection with any new Major Leases that have been approved by Lender or, so long as such obligations are on market rates and terms, any other Leases or Renewal Leases entered into by Borrower in accordance with the terms hereof.

Leasing Expenses shall have the meaning set forth in Section 7.4.1 hereof.

Examples of Leasing Expenses in a sentence

Any such disbursement of more than $10,000 to pay (rather than reimburse) Approved Leasing Expenses may, at Lender’s option, be made by joint check payable to Borrower and the payee of such Approved Leasing Expenses.
Notwithstanding anything to the contrary in this Section 5.10, unless expressly agreed to in writing by Lender, any approval or deemed approval by Lender of a proposed Lease or proposed renewal, extension or modification of an existing Lease pursuant to this Section 5.10 shall not be deemed to constitute (in and of itself) an approval or deemed approval by Lender of any Approved Leasing Expenses in connection therewith.
If Lender determines in its reasonable judgment that the funds in the Rollover Reserve Subaccount will be insufficient to pay (or in excess of) the amounts due or to become due for Approved Leasing Expenses, Lender may increase (or decrease) the monthly contribution required to be made by Borrower to the Rollover Reserve Subaccount.
Any such disbursement of more than $100,000 to pay (rather than reimburse) Approved Leasing Expenses may, at Lender’s option, be made by joint check payable to Borrower and the payee of such Approved Leasing Expenses.
If Lender determines in its reasonable judgment that the funds in the Rollover Reserve will be insufficient to pay (or in excess of) the amounts due or to become due for Approved Leasing Expenses (as hereinafter defined), Lender may increase (or decrease) the monthly contribution required to be made by Borrower to the Rollover Reserve.
On each Payment Date Borrowers shall pay to Lender the sum of $171,000.00, which amounts shall be deposited with and held by Lender for Approved Leasing Expenses incurred following the date hereof.
Alternatively, Lender may in its discretion determine that the amount of the Rollover Reserve Fund will exceed the amounts due or to become due for Approved Leasing Expenses, in which case Lender may reduce the monthly amounts to be deposited therein.
Funds held in the Rollover Reserve Fund may be used for Approved Leasing Expenses.
Any such disbursement of more than $100,000 to pay (rather than reimburse) Approved Leasing Expenses may, at Lender's option, be made by joint check payable to Borrower and the payee of such Approved Leasing Expenses.
Lender will apply such payments to payment of Approved Leasing Expenses pursuant to the terms hereof.

More Definitions of Leasing Expenses

Leasing Expenses has the meaning set forth in Section 4.03 below.

Leasing Expenses means all capital costs, expenses incurred for improvements, repairs, equipment, painting, decorating, partitioning and other items to satisfy the requirements of a Lease (including any expenses incurred for architectural or engineering services in respect of the foregoing), tenant allowances in lieu of, or reimbursements for, the foregoing items, payments made for purposes of satisfying or terminating the obligations of the tenant under such Lease to the landlord under another lease (i.e., lease buyout costs), relocation costs, temporary leasing costs, leasing commissions, legal, design and other professional fees and costs, in each case, for which the landlord is responsible for the payment of under a Lease.

Leasing Expenses means, collectively, all leasing commissions, tenant improvement allowances, and any other leasing incentives that are expressly set forth on Schedule 5.7 attached hereto. All of the obligations of Buyer under this Section 5.7 shall survive Closing.

Leasing Expenses means expenses estimated in the Annual Operating Budget to be incurred by Borrower in connection with the execution of Leases with respect to the Facilities, including without limitation legal fees, design costs, space planning costs, tenant improvement costs, allowances and brokerage fees; provided, however, that Leasing Expenses shall not include marketing expenses or payments made to Affiliates of Borrower (except for reimbursement of payments made by such Affiliates to Persons who are not Affiliates of Borrower).