APPROVAL OF LEASES. All leases of all or any part of the Property shall: (a) be upon terms and with tenants approved by Lender prior to Borrower’s execution of any such lease; and (b) include estoppel, subordination, attornment and mortgagee protection provisions satisfactory to Lender. All standard lease forms and any material deviation from any form, shall be approved by Lender prior to execution of any lease using such form.
APPROVAL OF LEASES. The Borrower shall not, and shall cause each Mortgagor and other Subsidiary not to, lease space at any of the Properties without the Lender's consent, which consent shall not unreasonably be withheld, provided, however, that no such consent of Lender shall be required for any lease of 10,000 square feet or less unless (i) such lease requires the Lender to provide a non-disturbance agreement to the lessee or (ii) such lease is not on commercially reasonable terms. It is hereby expressly acknowledged and agreed by the Lender that all leases at any Property identified on the certified rent roll delivered to the Lender prior to the date hereof are and shall be deemed to be approved.
APPROVAL OF LEASES. Owner shall not enter into any lease for more than 15,000 square feet of gross leaseable area at the Collateral Asset without the prior written consent of the Administrative Agent, which consent shall be given within ten (10) business days after Administrative Agent’s receipt of a request for consent, or if not given in such time period, shall be deemed approved. After either a Default or the occurrence of events that with the passage of time could reasonably lead to a Default, the Administrative Agent shall have the right, to request Owner to request tenant estoppel certificates from any Major Tenant at the Collateral Asset.
APPROVAL OF LEASES. All leases of all or any part of the Property shall: (a) with respect to a Major Lease, be upon terms and with tenants approved in writing by Administrative Agent prior to Borrower’s execution of any such lease, such approval not to be unreasonably withheld, conditioned or delayed; and (b) include estoppel, subordination, attornment and mortgagee protection provisions satisfactory to Administrative Agent.
APPROVAL OF LEASES. No Borrower shall execute any Lease (including any renewals or material modifications or amendments) for all or any part of any Property unless same is an Approved Lease. Except for Deemed Approved Leases, Lender shall approve or disapprove any proposed Lease submitted by a Borrower within ten (10) days after such Borrower has submitted to Lender each of the following (collectively, the “Approval Information”): (i) a written request for approval, (ii) the proposed form of Lease (with any changes from the Approved Lease Form marked or redlined), and (iii) financial and background information regarding the proposed tenant and such other information reasonably requested by Lender. Provided no Default exists, any action with respect to any proposed Lease requiring Lender’s consent shall be deemed approved by Lender if Lender does not approve or disapprove any requested action within ten (10) Business Days after receipt by Lender of the Approval Information. Any such notice given by a Borrower under this Section 9.4 shall include in large, bold text: “THIS IS A REQUEST FOR LEASE APPROVAL. IF YOU DO NOT RESPOND WITHIN TEN (10) BUSINESS DAYS, YOU SHALL BE DEEMED TO HAVE APPROVED THIS REQUEST.” All Lease terminations (i) effective prior to the Lease expiration date or (ii) triggered for reasons other than an uncured default thereunder shall be subject to the prior written consent of Lender, which consent shall not be unreasonably withheld, conditioned or delayed. Any material change to the Approved Lease Form shall be subject to the prior written consent of Lender, which consent shall not be unreasonably withheld, conditioned or delayed.
APPROVAL OF LEASES. (a) Borrower may enter into any Leases provided that all the following requirements are satisfied:
APPROVAL OF LEASES. Borrower shall not enter into any lease for more than 10,000 square feet of gross leaseable area at the Collateral Asset without the prior written consent of the Lender, which consent or denial,as applicable, shall be given within ten (10) business days after Lender’s receipt of a request for consent, or if not given in such time period, shall be deemed approved. The Lender shall have the right, upon request, at any time, to receive tenant estoppel certificates and subordination, non-disturbance and attornment agreements in form and substance acceptable to the Lender from any Major Tenant at the Collateral Asset; provided however that Borrower shall have no obligation to provide to Lender (i) an estoppel certificate for any tenant any more often than once in each calendar year and (ii) more than one Subordination, Non-Disturbance and Attornment Agreement for any tenant.
APPROVAL OF LEASES. All leases and renewals of leases of all or any part of the Property and Improvements entered into after the Effective Date shall be upon terms consistent with the Approved Form. All standard lease forms, and any material deviation from the Approved Form shall be approved by Bondowner Representative, and if required pursuant to agreements with Investor Limited Partner, by Investor Limited Partner, in writing prior to execution of any such lease. All residential leases (on the Approved Form), and other leases, rental agreements or residency agreements entered into by Borrower, and all indebtedness arising thereunder or secured thereby, shall contain a provision stating that such leases and such tenants’ rights thereunder are unconditionally junior and subordinate to the Regulatory Agreement, the Deed of Trust and the other Loan Documents, and all indebtedness arising thereunder or secured thereby.
APPROVAL OF LEASES. (a) Borrower may cause Mortgage Borrower to enter into any Leases provided that all the following requirements are satisfied:
APPROVAL OF LEASES. All new proposed leases and each proposed tenant for each Project must be pre-approved by Lender in accordance with the following:
