Common use of Lease Negotiation Clause in Contracts

Lease Negotiation. The Contractor shall proceed with lease negotiations with the prospective Concession Operator following the Authority’s written approval of the Deal Sheet, including any modifications required by the Authority. The Contractor may modify portions of the approved standard master lease form during negotiations with a Concession Operator provided, however, that any such changes do not materially modify the requirements of this Contract or materially alter the rights, obligations, and duties of the Contractor under this Contract without the prior written approval of the Authority. Further, the Contractor shall provide a detailed list of all changes proposed and made to the standard master lease form for a particular lease when it submits the lease to the Authority for approval. The list may be in the form of an electronically-prepared redlined draft showing all of such proposed changes compared to the standard master lease form, which shall be emailed by the Contractor to the Authority’s designated representative(s).