Leasing Efforts Clause Samples

The "Leasing Efforts" clause defines the obligations and standards for a landlord or property manager to actively seek and secure tenants for a property. Typically, it outlines the required marketing activities, the use of brokers or agents, and the level of diligence expected in filling vacancies, such as advertising the space or negotiating lease terms. This clause ensures that the property owner or manager is committed to minimizing vacancy periods, thereby protecting the income stream for the landlord and maintaining the property's value.
Leasing Efforts. 21 2. Advertisement.............................................
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Leasing Efforts. (a) Agent will use reasonable efforts to lease space in the Property to desirable tenants upon terms and conditions reasonably acceptable to Owner. Owner will refer to Agent all offers or inquiries which are received by Owner with respect to leasing space in the Property. (b) The services to be performed by Agent as leasing agent shall include, but shall not be limited to, the following: (i) Agent shall procure tenants for the Property and shall be responsible for the leasing of space and the renewal, extension and expansion of existing leases in the Property upon such terms and conditions as are specified by Owner; the conduct of all negotiations related thereto (subject to Owner's direction); and if requested by Owner arranging for the -21- C/M: 11764.0009 434116.1 preparation of leases and other documents in form satisfactory to Owner and approved by Owner and its counsel (which shall be retained by and at the expense of Owner), including tending to the execution of such leases by tenants and delivery of such leases; provided, however, that Agent shall not have any lease executed without securing the prior written consent of Owner (which consent shall be in Owner's sole and absolute discretion). Agent shall not have the right to cancel, amend or accept the surrender of any lease or to consent to a sublease or assignment of a lease, except with the written consent of Owner. Agent shall use reasonable diligence to obtain and submit to Owner credit reports and other financial statements pertaining to prospective tenants to the extent available. (ii) Agent shall acquire and maintain a thorough knowledge of the leasing market for space similar to that contained in the Property, prepare a leasing and marketing plan for the Property (which will include, without limitation, analysis of the Property's leasing activity, market absorption and projected leasing activities) and recommend pricing and marketing strategies for Owner's consideration. (c) Agent represents that it is a licensed real estate broker and all of its employees required to be licensed real estate brokers are so licensed and will remain so during the term of this Agreement.
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Leasing Efforts. Upon the Closing Buyer shall endeavor to lease the --------------- Vacant Space to creditworthy tenants at not less than One Dollar ($1) per square foot per month triple net, but Buyer shall have no liability to Seller for its inability to do so.
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Related to Leasing Efforts

  • Closing Efforts Each of the Parties shall use its best efforts, to the extent commercially reasonable (“Reasonable Best Efforts”), to take all actions and to do all things necessary, proper or advisable to consummate the transactions contemplated by this Agreement, including without limitation using its Reasonable Best Efforts to ensure that (i) its representations and warranties remain true and correct in all material respects through the Closing Date and (ii) the conditions to the obligations of the other Parties to consummate the Merger are satisfied.

  • Marketing Efforts In connection with an underwritten offering, cause its officers to use their commercially reasonable efforts to support the marketing of the Registrable Securities covered by such offering (including participation in “roadshows” or other similar marketing efforts).

  • No Directed Selling Efforts None of the Company, its affiliates nor any person acting on its behalf has engaged or will engage in any directed selling efforts (as that term is defined in Regulation S) with respect to the Common Stock and each of the Company, its affiliates and any person acting on its or their behalf has complied and will comply with the offering restrictions requirement of Regulation S.

  • Continuing Effect Except as contemplated hereby, the Agreement shall remain in full force and effect in accordance with its terms.

  • Continuing Effectiveness As hereby amended, the Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects. After the effectiveness hereof, all references in the Credit Agreement or other Loan Documents to the “Agreement”, the “Credit Agreement” or similar terms shall refer to the Credit Agreement as amended hereby. This Amendment is a Loan Document.