Common use of Leasing Practice Clause in Contracts

Leasing Practice. (a) Subject to Section 6(b) below, Seller may continue to lease the Premises in a manner consistent with its past course of business and in a commercially reasonable manner, including, without limitation and in its sole discretion, the termination of existing Space Leases and/or the entering into of new leases or renewals or modifications of existing Spaces Leases (such new space lease, termination, renewal or modification is herein referred to as a "New Space Lease") . (i) Prior to the expiration of Purchaser's Due Diligence Period, Seller shall be permitted to enter into any New Space Lease without the approval of Purchaser, provided Seller promptly notifies Purchaser of the same. (ii) After the expiration of Purchaser's Due Diligence Period provided Purchaser is not in default under this Contract, Seller shall not (A) enter into a New Space Lease covering more than 7,500 square feet of rentable space without obtaining the prior written consent of Purchaser, which consent shall not be unreasonably withheld or delayed or (B) terminate any Space Lease without the prior written consent of Purchaser except in the event of a default by a Space Tenant under a

Leasing Practice. (a) Subject to Section 6(b) below, Seller may continue to lease the Premises in a manner consistent with its past course of business and in a commercially reasonable manner, including, without limitation and in its sole discretion, the termination of existing Space Leases and/or the entering into of new leases or renewals or modifications of existing Spaces Leases (such new space lease, termination, renewal or modification is herein referred to as a "New Space Lease") . (b) (i) Prior to the expiration of Purchaser's Due Diligence Period, Seller shall be permitted to enter into any New Space Lease without the approval of Purchaser, provided Seller promptly notifies Purchaser of the same. (ii) After the expiration of Purchaser's Due Diligence Period provided Purchaser is not in default under this Contract, Seller shall not (A) enter into a New Space Lease covering more than 7,500 square feet of rentable space without obtaining the prior written consent of Purchaser, which consent shall not be unreasonably withheld or delayed or (B) terminate any Space Lease without the prior written consent of Purchaser except in the event of a default by a Space Tenant under aa Space Lease. Any New Space Lease which does not require Purchaser's consent shall be arms-length and on then fair market terms and conditions (and shall otherwise be consistent with Seller's customary leasing standards).