Common use of New Leases Clause in Contracts

New Leases. Continue its present rental program and efforts at such Seller’s Property to rent vacant space in accordance with past practices; provided that, without the prior written consent of the Buyer, which consent may be granted or withheld in the Buyer’s sole discretion, such Seller shall not (i) execute any new lease, license or other occupancy agreement, (ii) amend, supplement, terminate, accept the surrender of, renew or otherwise modify any existing Lease, (iii) approve any assignment or sublease of any existing Lease, or

Appears in 15 contracts

Samples: Agreement of Purchase and Sale (Healthcare Trust of America Holdings, LP), Agreement of Purchase and Sale (Healthcare Trust of America Holdings, LP), Agreement of Purchase and Sale (Healthcare Trust of America Holdings, LP)

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New Leases. Continue its present rental program and efforts at such Seller’s the Property to rent vacant space in accordance with past practices; space, provided thatthat Seller will not execute any new leases or amend, terminate or accept the surrender of any existing tenancies or approve any subleases without the prior written consent of the BuyerPurchaser, which consent may be granted or withheld in the BuyerPurchaser’s sole discretion, discretion Failure of Purchaser to consent or expressly withhold its consent stating with specificity the basis of its objection within two (2) business days after written request for such Seller consent shall not (i) execute any new lease, license or other occupancy agreement, (ii) amend, supplement, terminate, accept the surrender of, renew or otherwise modify any existing Lease, (iii) approve any assignment or sublease of any existing Lease, orbe deemed to constitute consent.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Griffin Capital Essential Asset REIT, Inc.)

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