Common use of Exclusives Clause in Contracts

Exclusives. For so long as Tenant is not in default hereunder, and for so long as Tenant occupies and actively conducts its business from the Demised Premises in accordance with the terms of this Lease, Landlord will not lease or rent any other premises in the Office Center described in Exhibit A to any new tenant whose primary business is the operation of a commercial banking facility. Anything contained herein to the contrary notwithstanding, it is expressly understood between the parties that Landlord intends to lease space in the Office Center to a stock brokerage firm which has the right to carry on activities as normally are carried on in such along with the right to include residential and commercial mortgage loan activities. It is further understood between the parties, that for so long as ▇▇▇▇▇ ▇▇▇▇▇▇ Realtors, its affiliates, or assigns, are tenants in the 20,000 square foot office building, that the Demised Premises shall not be operated by a Tenant whose primary business is the operation of a residential real estate brokerage office.

Appears in 1 contract

Sources: Lease Agreement (CNB Holdings Inc /Ga/)

Exclusives. For so long as Tenant is not in default hereunder, and for so long as Tenant occupies and actively conducts its business from the Demised Premises in accordance with the terms of this Lease, Landlord will not lease or rent any other premises in the Office Center described in Exhibit A to any new tenant whose primary business is the operation of a commercial banking facility. Anything contained herein to the contrary notwithstanding, it is expressly understood between the parties that Landlord intends to lease space in the Office Center to a stock brokerage firm which has the right to carry on activities as normally are carried on in such along with the right to include residential and commercial mortgage loan activities. It is further understood between the parties, that for so long as Harr▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Realtorsltors, its affiliates, or assigns, are tenants in the 20,000 square foot office building, that the Demised Premises shall not be operated by a Tenant whose primary business is the operation of a residential real estate brokerage office.

Appears in 1 contract

Sources: Lease Agreement (CNB Holdings Inc /Ga/)