Reimbursable Lease Expenses means, collectively, any and all costs, expenses and fees paid by Seller prior to Closing or costs, expenses and fees incurred by Seller prior to Closing arising out of or in connection with (a) any extensions, renewals or expansions under any Lease exercised or granted between the Commencement Date and the Closing Date to the extent disclosed to Buyer in writing prior to the expiration of the Due Diligence Period or otherwise approved by Buyer pursuant to the provisions of this Agreement, including without limitation, the extension of the Contemporary Productions lease to the extent the costs, expenses and fees affiliated with the Contemporary Productions Lease is disclosed to Buyer prior to the expiration of the Due Diligence Period, and (b) any New Lease to the extent disclosed to Buyer in writing prior to the expiration of the Due Diligence Period or otherwise approved by Buyer pursuant to the provisions of this Agreement. Reimbursable Lease Expenses shall expressly include, without limitation, to the extent disclosed to Buyer in writing prior to the expiration of the Due Diligence Period or otherwise approved by Buyer pursuant to the provisions of this Agreement (i) brokerage commissions and fees to effect any such leasing transaction, (ii) expenses incurred for repairs, improvements, equipment, painting, decorating, partitioning and other items to satisfy the tenant’s requirements with regard to such leasing transaction, (iii) legal fees for services in connection with the preparation of documents and other services rendered in connection with the effectuation of the leasing transaction, (iv) any rent concessions covering any period that the tenant has the right to be in possession of the demised space, and (v) expenses incurred for the purpose of satisfying or terminating the obligations of a tenant under a New Lease to the landlord under another lease (whether or not such other lease covers space in the Property). “Remove” with respect to (a) any monetary exception that does not exceed $10,000 or, when added to any other monetary exception does not exceed $50,000 in the aggregate, shall mean that Seller causes the Title Company to remove or affirmatively insure over as an exception to the Owner’s Title Policy for the benefit of Buyer, without any additional cost to Buyer, whether such removal or insurance is made available in consideration of a payment or bonding, indemnity of Seller or otherwise, (b) those mechanic’s liens and judgment liens excep...
Reimbursable Lease Expenses means, collectively, any and all out-of-pocket costs, expenses and fees paid by Seller prior to Closing or costs, expenses and fees incurred by Seller prior to Closing arising out of or in connection with (a) any extensions, renewals or expansions under any Lease exercised or granted between the Commencement Date and the Closing Date, and (b) any New Lease. Reimbursable Lease Expenses shall include, without limitation, (i) brokerage commissions and fees to effect any such leasing transaction, (ii) expenses incurred for repairs, improvements, equipment, painting, decorating, partitioning and other items to satisfy the tenant’s requirements with regard to such leasing transaction, (iii) reasonable legal fees for services in connection with the preparation of documents and other services rendered in connection with the effectuation of the leasing transaction, (iv) any rent concessions covering any period that the tenant has the right to be in possession of the demised space, and (v) expenses incurred for the purpose of satisfying or terminating the obligations of a tenant under a New Lease to the landlord under another lease (whether or not such other lease covers space in the Property). “Remove” with respect to any exception to title shall mean that Seller causes the Title Company to remove or affirmatively insure over the same as an exception to the Owner’s Title Policy for the benefit of Buyer, without any additional cost to Buyer, whether such removal or insurance is made available in consideration of payment, bonding, indemnity of Seller.
Reimbursable Lease Expenses means, collectively, any and all fees paid by Seller prior to Closing or costs and expenses paid or incurred by Seller prior to Closing arising out of or in connection with any extensions, renewals or expansions under any Lease for space at the Property exercised or granted between the Effective Date and the Closing Date, and any New Lease, Reimbursable Lease Expenses shall include, without limitation, (a) brokerage commissions and fees payable pursuant to a Commission Agreement or a Lease or New Lease to effect any such leasing transaction (including, without limitation, any fees owed to the Property Manager), (b) expenses incurred for repairs, improvements, equipment, painting, decorating, partitioning and other items to satisfy the tenant's requirements with regard to such leasing transaction, (c) legal fees for services in connection with the preparation of documents and other services rendered in connection with the effectuation of the leasing transaction, (d) if there are any rent concessions covering any period that the tenant has the right to be in possession of the demised space, the rents that would have accrued during the period of such concession prior to the Closing Date as if such concession were amortized over (i) with respect to any extension or renewal, the term of such extension or renewal, (ii) with respect to any expansion, that protion of the term remaining under the subject Lease after the date of any expansion, or (iii) with respect to any New Lease, the entire initial term of any such New Lease, and (e) expenses incurred for the purpose of satisfying or terminating the obligations of a tenant under a New Lease to the landlord under another lease (whether or not such other lease covers space in the Property).
Examples of Reimbursable Lease Expenses in a sentence
No credit for purposes of wage increments, benefits, and seniority shall be given during the period of an unpaid leave of absence.
Each party shall make available to the other all records, bills, vouchers and other data in such party’s control verifying Reimbursable Lease Expenses and the payment thereof.
At Closing, Buyer shall reimburse Seller for any and all Reimbursable Lease Expenses to the extent that the same have been paid by Seller prior to Closing.
At Closing, Buyer shall reimburse Seller for the Reimbursable Lease Expenses to the extent required by the terms of Article 14.
Each party shall make available to the other all records, bills, vouchers and other data in such party's control verifying Reimbursable Lease Expenses and the payment thereof.
More Definitions of Reimbursable Lease Expenses
Reimbursable Lease Expenses means, collectively, any and all costs, expenses and fees paid by Seller prior to Closing or costs, expenses and fees incurred by Seller prior to Closing arising out of or in connection with (a) any extensions, renewals or expansions under any Lease exercised or granted between the Effective Date and the Closing Date, and (b) any New Lease; provided that Buyer consented, or Buyer's consent was deemed to have been given, in accordance with Article 14 hereof. Reimbursable Lease Expenses shall include, without limitation, (i) brokerage commissions and fees to effect any such leasing transaction, (ii) expenses incurred for repairs, improvements, equipment, painting, decorating, partitioning and other items to satisfy the tenant's requirements with regard to such leasing transaction, (iii) legal fees for services in connection with the preparation of documents and other services rendered in connection with the effectuation of the leasing transaction, (iv) if there are any rent concessions covering any period that the tenant has the right to be in possession of the demised space, the rents that would have accrued during the period of such concession prior to the Closing Date as if such concession were amortized over (A) with respect to any extension or renewal, the term of such extension or renewal, (B) with respect to any expansion, that portion of the term remaining under the subject Lease after the date of any expansion, or (C) with respect to any New Lease, the entire initial term of any such New Lease, and (v) expenses incurred for the purpose of satisfying or terminating the obligations of a tenant under a New Lease to the landlord under another lease (whether or not such other lease covers space in the Property).
Reimbursable Lease Expenses means, collectively, those fees, costs and expenses listed on Exhibit K or otherwise as to which Purchaser has agreed in writing to reimburse Seller. Reimbursable Lease Expenses shall include, without limitation, (i) brokerage commissions and fees to effect any such leasing transaction (including, without limitation, any fees owed to any property manager), (ii) expenses incurred for repairs, improvements, equipment, painting, decorating, partitioning and other items to satisfy the Tenant's requirements with regard to such leasing transaction, (iii) legal fees for services in connection with the preparation of documents and other services rendered in connection with the effectuation of the leasing transaction, and (iv) expenses incurred for the purpose of satisfying or terminating the obligations of a tenant under a New Lease to the landlord under another lease (whether or not such other lease covers space in the Property). "New Lease" shall mean any Lease entered into in accordance with this Agreement between the Effective Date and the Closing Date.
Reimbursable Lease Expenses means any Commissions and locator fees payable pursuant to a Commission Agreement or a Lease or a New Lease with respect to Tenants who are scheduled to take occupancy after Closing.
Reimbursable Lease Expenses means any and all fees paid by Seller prior to Closing or costs and expenses incurred by Seller prior to Closing arising out of or in connection with any extensions, renewals or expansions under any existing lease for space at the Property exercised or granted between the Effective Date and the Closing Date, and any new lease at the Property. Reimbursable Lease Expenses shall include only: (a) brokerage commissions and fees to effect any such leasing transaction, (b) expenses incurred for repairs, improvements, equipment, painting, decorating, partitioning and other items to satisfy the Tenant's requirements with regard to such leasing transaction,
Reimbursable Lease Expenses means tenant improvement costs and brokerage fees approved by Buyer and paid or incurred by Seller prior to Closing and arising out of or in connection with (a) any extensions, renewals or expansions under any Lease exercised or granted between the Effective Date and the Closing Date, and (b) any New Lease. “Remove” with respect to any exception to title shall mean that Seller causes the Title Company to remove or affirmatively insure over an exception to the Owner’s Title Policy for the benefit of Buyer, without any additional cost to Buyer, whether such removal or insurance is made available in consideration of payment, bonding, indemnity of Seller or otherwise.
Reimbursable Lease Expenses means, collectively, any and all expenses and fees described below in this definition paid or incurred by Seller prior to Closing arising out of or in connection with any amendment to or modification (approved by Buyer as provided herein) of a Pre-Effective Date Lease executed between the Effective Date and the Closing Date or any New Lease approved by Buyer as provided herein. Reimbursable Lease Expenses shall include, without limitation, (a) expenses incurred for repairs, improvements, equipment, painting, decorating, partitioning and other items to satisfy the Tenant’s build-out requirements with regard to such an amendment or modification to a Pre-Effective Date Lease or New Lease, (b) reasonable legal fees for services in connection with the preparation of documents and other services rendered in connection with such an amendment or modification to a Pre-Effective Date Lease or New Lease and (c) expenses incurred for the purpose of satisfying or terminating the obligations of a Tenant under a New Lease to its landlord under another lease (whether or not such other lease covers space in the Property) in connection with such a New Lease.
Reimbursable Lease Expenses means, collectively, any and all costs, expenses and fees reasonably paid or incurred by Seller before Closing arising out of or in connection with any Lease. Reimbursable Lease Expenses shall include (i) brokerage commissions and fees at market rates to effect any such leasing transaction; (ii) expenses incurred (whether directly by Seller or by payment to the Tenant) for repairs, improvements, equipment, painting, decorating, partitioning and other items to satisfy the Tenant's requirements with regard to such leasing transaction and rental abatements or rebates, tenant allowances and other material tenant concessions, if any; and (iii) reasonable legal fees for services in connection with the preparation of documents and other services rendered in connection with the effectuation of the leasing transaction. Buyer approves the Leases executed after May 6, 2005 that are expressly listed on EXHIBITS "D-1" and "D-2" hereto (including the Leases in process as set forth therein), and the Reimbursable Lease Expenses expressly itemized (based on current and currently pending Leases) on EXHIBIT "D-3" attached hereto and made a part hereof.