Common use of Project Submissions Clause in Contracts

Project Submissions. Until February 28, 2010, Company shall submit all future projects to Landlord for Landlord’s review in accordance with the Term Sheet; provided, however, that the exclusive option shall be limited to facilities that the Company or one of its Affiliates develops or acquires with financing from a real estate investment trust. Provided Company or one of its Affiliates complies with the terms of the Term Sheet, if (i) Landlord does not approve a transaction or (ii) Landlord and Company or one of its Affiliates cannot reach an agreement regarding the terms, then Company or one of its Affiliates may seek other financing or investment options for that facility, provided such alternate financing is at a rate higher than proposed by Landlord and other terms are less favorable to Company or one of its Affiliates than those proposed by Landlord.