Common use of Leasing Practice Clause in Contracts

Leasing Practice. (a) The Existing Space Leases, together with any modifications, renewals and new leases made after the date hereof in accordance with this Section 7.1 hereof are herein called the "SPACE LEASES" and the tenants thereunder are herein called the "SPACE TENANTS". During the period ending five (5) days before the Outside Termination Date (and provided Purchaser receives a copy of the applicable New Lease on or prior to such date), Seller may enter into new leases or renew and/or make modifications to the Space Leases (collectively, "NEW LEASE(S)") without the approval of Purchaser. Beginning with the fifth (5th) day before the Outside Termination Date, provided Purchaser is not in default under this Contract, Seller shall not enter into New Leases without the prior approval of Purchaser, which approval shall not be unreasonably withheld, conditioned or delayed. Purchaser agrees to grant or deny consent in writing (and provide, in reasonable detail, the reasons for any denial) within three (3) Business Days after Purchaser's receipt of Seller's request, which request shall contain copies of all material information related to such request and a summary of the material terms of the proposed New Lease. Purchaser's failure to timely respond in writing to Seller's request shall be deemed a consent to the proposed New Lease. Seller shall, from time to time, inform (orally or in writing) Purchaser of any new lease negotiations and promptly give notice to Purchaser of any New Lease and a copy of any instruments executed and any material information delivered in connection with the New Lease. Notwithstanding anything contained in this Section 7.1(a) to the contrary, at any time on or before the Closing Date, Seller may enter into New Leases without Purchaser's prior approval provided such New Leases are on terms no less favorable than those set forth on SCHEDULE F annexed hereto.

Leasing Practice. (a) The Existing Space Leases, together with any modifications, renewals and new leases made after the date hereof in accordance with this Section 7.1 hereof are herein called the "SPACE LEASES" “Space Leases” and the tenants thereunder are herein called the "SPACE TENANTS"“Space Tenants”. During the period ending five (5) days before the Outside Termination Date (and provided Purchaser receives a copy of the applicable New Lease on or prior to such date)Date, Seller may enter into new leases or leases, terminate, renew and/or make modifications to the Space Leases (collectively, "NEW LEASE(S“New Lease(s)"”) without the approval of Purchaser. Beginning with the fifth (5th) day before the Outside Termination Date, provided Purchaser is not in default under this Contract, Seller shall not enter into New Leases without the prior approval of Purchaser, which approval shall not be unreasonably withheld, conditioned or delayed. Purchaser agrees to grant or deny consent in writing (and provide, in reasonable detail, the reasons for any denial) within three (3) Business Days after Purchaser's ’s receipt of Seller's ’s request, which request shall contain copies of all material information related to such request and a summary of the material terms of the proposed New Lease. Purchaser's ’s failure to timely respond in writing to Seller's ’s request shall be deemed a consent to the proposed New Lease. Seller shall, from time to time, inform (orally or in writing) Purchaser of any new lease negotiations and promptly give notice to Purchaser of any New Lease and a copy of any instruments executed and any material information delivered in connection with the New Lease. Notwithstanding anything contained in this Section 7.1(a) to the contrary, at any time on or before the Closing Date, Seller may enter into New Leases without Purchaser's prior approval provided such New Leases are on terms no less favorable than those set forth on SCHEDULE F annexed hereto.

Leasing Practice. (a) The Existing Space Leases, together with any modifications, renewals and new leases made after the date hereof in accordance with this Section 7.1 hereof are herein called the "SPACE LEASES" “Space Leases” and the tenants thereunder are herein called the "SPACE TENANTS"“Space Tenants”. During the period ending five (5) days before the Outside Termination Date (and provided Purchaser receives a copy of the applicable New Lease on or prior to such date)Date, Seller may enter into new leases or leases, terminate, renew and/or make modifications to the Space Leases (collectively, "NEW LEASE(S“New Lease(s)"”) without the approval of Purchaser; provided, however, Seller shall provide Purchaser with not less than five (5) days’ prior notice of the entering into of any New Lease. Beginning with the fifth (5th) day before the Outside Termination Date, provided Purchaser is not in default under this Contract, Seller shall not enter into New Leases without the prior approval of Purchaser, which approval shall not be unreasonably withheld, conditioned or delayed. Purchaser agrees to grant or deny consent in writing (and provide, in reasonable detail, the reasons for any denial) within three (3) Business Days after Purchaser's receipt of Seller's written request, which request shall contain copies of all material information related to such request and a summary of the material terms of the proposed New Lease. Purchaser's failure to timely respond in writing to Seller's request shall be deemed a consent to the proposed New Lease. Seller shall, from time to time, inform (orally or in writing) Purchaser of any new lease negotiations to which Seller is a party and promptly give notice to Purchaser of any New Lease and a copy of any instruments executed and any material information delivered in connection with the New Lease. Notwithstanding anything contained in this Section 7.1(a) to the contrary, at any time on or before the Closing Date, Seller may enter into New Leases without Purchaser's prior approval provided such New Leases are on terms no less favorable than those set forth on SCHEDULE F annexed hereto.

Leasing Practice. (a) The Existing Space Leases, together with any modifications, renewals and new leases made after the date Effective Date hereof in accordance with this Section 7.1 hereof are herein called the "SPACE LEASES" “Space Leases” and the tenants thereunder are herein called the "SPACE TENANTS"“Space Tenants”. During the period ending five (5) days before between the Outside Termination Effective Date (and provided Purchaser receives a copy the Closing Date, to the extent permitted under the applicable organizational or governing documents of the applicable New Lease on or prior to such date)Fee Owners, Seller may shall not allow either of the Fee Owners to enter into new leases or leases, terminate, renew and/or make modifications to the Space Leases (collectively, "NEW LEASE(S“New Lease(s)"”) without the approval of Purchaser. Beginning with the fifth (5th) day before the Outside Termination Date, provided Purchaser is not in default under this Contract, Seller shall not enter into New Leases without the prior approval of Purchaser, which approval shall not be unreasonably withheld, conditioned or delayed. Purchaser agrees to grant or deny consent in writing (and provide, in reasonable detail, the reasons for any denial) within three five (35) Business Days after Purchaser's ’s receipt of Seller's ’s request, which request shall contain copies of all material information related to such request and a summary of the material terms of the proposed New Lease. Purchaser's ’s failure to timely respond in writing to Seller's ’s request shall be deemed a consent to the proposed New Lease. Seller shall, from time to time, inform (orally or in writing) Purchaser of any new lease negotiations and promptly give notice to Purchaser of any New Lease and a copy of any instruments executed and any material information delivered in connection with the any New Lease. Notwithstanding anything contained in this Section 7.1(a) to the contrary, at any time on or before the Closing Date, Seller may enter into New Leases without Purchaser's prior approval provided such New Leases are on terms no less favorable than those set forth on SCHEDULE F annexed hereto.