Examples of New Tenant Lease in a sentence
If Buyer fails to respond in writing to any New Tenant Lease for which Buyer has consent rights as provided in this Section within five (5) Business Days after Seller’s written request for approval, Buyer is deemed to have approved the New Tenant Lease.
From and after the Effective Date, Seller shall promptly deliver to Buyer copies of any proposed New Tenant Lease.
From and after the expiration of the Due Diligence Period and during the remaining term of this Agreement, Seller shall not enter into any New Tenant Lease without Buyer’s consent, which consent shall not be unreasonably withheld or delayed.
For any New Tenant Lease which is a Major Lease, Borrower shall use commercially reasonable efforts to provide to Lender an executed original subordination, nondisturbance and attornment agreement from such tenant in Lender’s standard form or another form reasonably acceptable to Lender, and receipt by Lender of such subordination, nondisturbance and attornment agreement may be required by Lender as a condition to Lender granting its approval of such Major Lease.
On or before 11:59 p.m., November 27, 2001, Seller shall enter into a Lease Agreement for space for its main office to be located at 0000 Xxxxxx Xxxxxx, Emeryville, CA on terms and conditions satisfactory to Seller, in its sole discretion (the "New Tenant Lease").
If Purchaser shall fail to deliver written notice of Purchaser’s approval or disapproval within said five (5) business-day period, then Purchaser shall be deemed conclusively to have approved such New Tenant Lease or a Modification.
No Seller shall, as long as this Agreement remains in effect prior to the Closing, enter into any New Tenant Lease or terminate any Existing Tenant Lease prior to the current expiration date thereof without first obtaining Purchaser’s consent, which consent shall not be unreasonably withheld or delayed, and which consent shall be deemed granted if Purchaser does not respond in writing to the applicable Seller’s request for consent within five Business Days after Purchaser’s receipt of such request.
No New Tenant Lease shall be for a term in excess of one (1) year.
If Tenant fails to exercise the Offer Notice within the ten (10) day period, the right of first offer set forth in this Section 8.2 for the applicable Building One space shall be null and void and of no further force or effect as to that Building One New Tenant Lease, and Landlord shall be free to lease such space to any other persons or entities, free of any restrictions set forth herein.
To the extent that the amount of the total Reconciled TCF is less than the Current TCF for all of the Assets acquired by Purchaser pursuant to the terms of this Agreement, Sellers shall pay Purchaser the amount equal to the difference between (a) the product of (x) such difference between the amount of the total Reconciled TCF and the Current TCF and (y) the Applicable Multiple and (b) the amount of New Tenant Lease Amount.