Tenant Incentives definition
Examples of Tenant Incentives in a sentence
Except as indicated on EXHIBIT "V" and Tenant Incentives arising under new Leases entered into pursuant to Paragraph 12, no Tenant Incentives shall become due after the Close of Escrow under any of the Leases or, to Seller's knowledge, with respect to any renewal or extension thereof or the leasing of additional space by any Tenant.
Macerich shall, from and after the Closing, be obligated to pay such Leasing Commissions and pay, perform or grant (as applicable) such Tenant Incentives scheduled on Exhibit N.
Stonewood shall be responsible for and pay when due all Leasing Commissions and Tenant Incentives which Stonewood fails to disclose pursuant to Sections 8(a)(ix) and (x) hereof.
At the same time as the parties execute and deliver this Lease, the parties shall execute and deliver a memorandum of lease in a form mutually satisfactory; provided, however that neither party shall record such memorandum of lease until any and all Tenant Incentives are publicly announced (including, but not limited to, any revisions to the FILOT Agreement).
Landlord hereby agrees to reasonably cooperate with Tenant, at Tenant’s sole cost and expense, to further Tenant’s pursuit and realization of the Tenant Incentives, and to execute, acknowledge (where necessary), and deliver such further documents, and perform such further acts, as may be reasonably necessary to obtain such Tenant Incentives; provided, however, that such Tenant Incentives or pursuit of such Tenant Incentives do not adversely impact any Landlord Incentives.
In determining the prevailing market base rent, the criteria for the same to be used by the parties or any appraisers retained pursuant to this Section 1.2.7 shall include current market leasing incentives to be offered to Tenant in the form of Landlord concessions for rent abatements, tenant's improvement allowances and other economic and marketing incentives (collectively "Tenant Incentives") typically being offered at the time for purposes of retaining existing tenants to comparable lease space.
The appraiser will then determine with reference to the standards this Section describes, within forty five (45) days after the appraiser's appointment as described in this Section, whether Landlord's or Tenant's determinations of the prevailing market basic rent rate and Tenant Incentives is most reasonable and the determinations selected by the appraiser shall prevail for the Renewal Term.
Landlord shall take no action which, to the knowledge of Landlord, will result in any material delay or reduction in the Tenant Incentives available to Tenant (including, for the avoidance of doubt, termination of the FILOT Agreement with respect to the Project).
Landlord shall take no action which, to the knowledge of Landlord, will result in any material delay or reduction in the Tenant Incentives available to Tenant.
Subject to the terms and conditions of this Lease, Landlord shall not take any action which, to the knowledge of Landlord, will result in any material delay or reduction in the Tenant Incentives available to Tenant.