Saatchi Lease. Seller hereby agrees that Seller will not hereafter modify, extend or otherwise change any of the terms, covenants or conditions of the Saatchi Lease or enter into new leases or any other obligations or agreements affecting the Project without the prior written consent of Buyer, which consent may be withheld in Buyer’s sole and absolute discretion. Without the prior written consent of Buyer, Seller shall not terminate the Saatchi Lease. Seller shall not accept from Saatchi payment of rent more than one month in advance or apply any security deposit to rent due from any Saatchi.
Appears in 2 contracts
Sources: Agreement of Purchase and Sale, Purchase and Sale Agreement (Hudson Pacific Properties, Inc.)