Leasing of the Project. The Borrower may not lease the Project or any portion thereof to any person during the Term of this Agreement without the prior written consent of the Authority. No lease shall relieve the Borrower from primary liability for any of its obligations hereunder, and in the event of any such lease the Borrower shall continue to remain primarily liable for payment of the applicable amounts specified in Article III hereof and for performance and observance of the other agreements on its part herein provided to be performed and observed by it to the same extent as though no lease had been made.
Leasing of the Project. Realty and the Project --------------------------------------------- Equipment. The Borrower may not lease the Project Realty or the --------- Project Equipment to any person during the Term of this Agreement without the prior written consent of the Authority, except as may be permitted by the Mortgage while the Mortgage is in effect. No lease shall relieve the Borrower from primary liability for any of its obligations hereunder, and in the event of any such lease the Borrower shall continue to remain primarily liable for payment of the applicable amounts specified in Article III hereof and for performance and observance of the other agreements on its part herein provided to be performed and observed by it to the same extent as though no lease had been made.
Leasing of the Project. At all times after Construction Completion, the Project will be leased at all times by a Lender-approved Leasing Agent pursuant to a Lender-approved Leasing Agreement unless terminated as provided in the Loan Documents. Borrower shall diligently perform all terms and covenants of the Leasing Agreement. Borrower shall not (a) surrender, terminate, cancel, or materially modify the Leasing Agreement, (b) enter into any other agreement relating to the leasing of the Project with Leasing Agent or any other Person, (c) consent to the assignment by Leasing Agent of its interest under the Leasing Agreement or (d) waive or release any of its rights and remedies under the Leasing Agreement, in each case, without the consent of Lender. If at any time Lender consents to the appointment of a new leasing agent, such new leasing agent and Borrower shall, as a condition to Lender’s consent, execute a subordination of the new Leasing Agreement in form and substance satisfactory to Lender. ny-1258385
Leasing of the Project. Bank agrees that Borrower may enter into leases of the Project (other than Major Leases) in the ordinary course of Borrower's business without the approval or consent of Bank. Borrower agrees that it will not enter into any leases of the Project with any affiliates of Borrower unless any such leases are arms-length transactions based upon the then-prevailing market rates. Borrower further agrees that it will not enter into, amend or modify any Major Leases of the Project without the prior approval of Bank, which shall not be unreasonably withheld or delayed. Bank agrees that it will not disapprove any Major Lease for any matter that is covered by the Leasing Guidelines as long as such Major Lease satisfies the Leasing Requirements. Bank shall have ten (10) business days from the date that Borrower provides Bank with a full copy of a proposed Major Lease to approve or disapprove any such Major Lease. In the event that Bank does not approve or disapprove a proposed Major Lease within such ten (10) day business period, Bank shall have been deemed to approve such Major Lease. If requested by a tenant, Bank agrees to enter into a subordination, non-disturbance and attornment agreement with any such tenant in a form that is reasonably acceptable to Bank.
Leasing of the Project
