Current Leases definition
Examples of Current Leases in a sentence
Company acknowledges that it does not have any outstanding payment obligations to any tenants under any Leases except as set forth on the rent roll and Borrower is not holding any security deposits for any tenants under any of the Current Leases except as set forth on the rent roll.
Reseller shall cooperate with Gateway to procure the novation or assignment, as determined by Gateway, of the Current Leases to Reseller as soon as practicable after the Effective Date.
The New Leases, respectively, will be subordinate and subject to NFL and MLB documents and generally subject to requirements of the NFL and MLB, in a manner consistent with the Current Leases (subject to updates as may be required by NFL and MLB, as applicable).
Seller shall pay for (a) leasing commissions and tenant improvement costs currently due and owing in connection with all Leases entered into prior to the date of this Agreement ("Current Leases"), (b) any commissions arising out of the exercise by a Tenant prior to the Closing Date of an extension or expansion option contained in a Current Lease, and (c) any inducements to Tenants under Current Leases which are expressly payable prior to the Closing Date.
Notwithstanding that the term of each of the Current Leases has expired upon the acquisition of the Building by Landlord (at which time this Lease shall become effective and be of full force and effect), wherever reference in this Lease is made to the provisions of the Current Leases in connection with the calculation of Base Rent, Tenant’s Share, RSF or USF or the description of the Initial Premises, such provisions of the Current Leases are hereby incorporated into this Lease by such references.