Execution of Leases. All leases entered into by the University shall be executed only by those University officers or persons authorized by the President of the University or as may subsequently be authorized by the board of visitors, and subject to any such limits or conditions as may be prescribed in the delegation of authority. Subject to the University's Policy Governing Capital Projects (Exhibit A) adopted by the board as part of the management agreement between the Commonwealth and the University, no other University approval shall be required for leases or leasing, nor state approval required except in the case of leases of real property as may be governed by general state law in accordance with
Execution of Leases. Except as may be otherwise provided in the Loan Agreement, Mortgagor shall not permit any leases to be made of the Mortgaged Property or existing leases to be modified, terminated, extended or renewed without the prior written consent of Lender.
Execution of Leases. Grantor shall not permit any leases to be made of the Property, or to be modified, terminated, extended or renewed in violation of the Debt Instruments.
Execution of Leases. Mortgagor shall not permit any leases to be made of the Mortgaged Property, or to be modified, terminated, extended or renewed, without the prior written consent of Bank.
Execution of Leases. All leases and lease renewals, extensions and modifications are to be prepared by counsel retained by Manager and either executed by City or, following City’s determination that the requirements of Section 6.2 have been met and express authority to execute, executed by Manager as City’s authorized representative. Leasing costs shall be an Operating Expense pursuant to an Approved Budget.
Execution of Leases. 716 All leases entered into by the University shall be executed only by those University officers or 717 persons authorized by the President of the University or as may subsequently be authorized by the 718 board of visitors, and subject to any such limits or conditions as may be prescribed in the delegation of 719 authority. Subject to the University's Policy Governing Capital Projects (Exhibit A) adopted by the 720 board as part of the management agreement between the Commonwealth and the University, no other 721 University approval shall be required for leases or leasing, nor state approval required except in the 722 case of leases of real property as may be governed by general state law in accordance with 723 §§ 23.1-1016 and 23.1-1028 of the Act.
Execution of Leases. Subject to Owner’s approval rights set forth in Section 2.12, negotiate and execute, as the agent of Owner, all leases and other agreements relating to equipment and/or services provided to the Resort. Owner shall execute, in its name, all leases of retail space in the Resort, all of which shall be negotiated by Manager subject to Owner’s prior written approval;
Execution of Leases. Grantor shall not permit any leases to be made of the Mortgaged Property if such action could reasonably be expected to result in a material adverse effect on the usefulness or fair market value of the Mortgaged Property.
Execution of Leases. Except as may be permitted by the Indenture, Trustor shall not permit any leases to be made of the Property, or to be modified, terminated, extended or renewed, without the prior written consent of Beneficiary.
Execution of Leases. If the conditions for extension of the Initial Term set forth in Section 2 are satisfied, Cascadia thereafter may, at its option, on or before the termination of this Agreement, to enter into one or more Leases, covering some or all of the Option Lands. In the event Cascadia desires to exercise its rights hereunder, Cascadia shall notify Xxxx during the term of this Agreement and such notice shall contain: (i) a statement that Cascadia is exercising its rights hereunder; and (ii) one or more completed Lease(s) executed by Cascadia containing a legal description of the property to be leased. The effective date of the Lease(s) will be, at Cascadia's option, any date (inclusive) between the effective date of this Agreement and the expiration of the term hereof. There shall be no bonus payment due under any Lease. Cascadia may select the Option Lands to be covered by any Lease in its sole discretion; provided, however, that the selected lands for any Lease must comprise a minimum of Six Hundred Forty (640) acres.
