{"component": "definition", "props": {"groups": [{"samples": [{"hash": "jzG9VXd2bnU", "uri": "/contracts/jzG9VXd2bnU#qualified-broker", "label": "Limited Liability Company Agreement (Condor Hospitality Trust, Inc.)", "score": 27.6502399445, "published": true}, {"hash": "57a8e364K6K", "uri": "/contracts/57a8e364K6K#qualified-broker", "label": "Limited Liability Company Agreement (Condor Hospitality Trust, Inc.)", "score": 27.6009578705, "published": true}, {"hash": "e6do1RCB7GA", "uri": "/contracts/e6do1RCB7GA#qualified-broker", "label": "Limited Liability Company Agreement (Condor Hospitality Trust, Inc.)", "score": 27.5817928314, "published": true}], "snippet_links": [{"key": "commercial-real-estate-broker", "type": "definition", "offset": [17, 46]}, {"key": "years-of-experience", "type": "clause", "offset": [76, 95]}, {"key": "date-of-appointment", "type": "definition", "offset": [110, 129]}, {"key": "sale-of", "type": "clause", "offset": [146, 153]}, {"key": "hospitality-properties", "type": "definition", "offset": [160, 182]}, {"key": "substantially-similar", "type": "definition", "offset": [183, 204]}, {"key": "operating-standard", "type": "clause", "offset": [214, 232]}, {"key": "market-area", "type": "clause", "offset": [254, 265]}, {"key": "the-hotel", "type": "definition", "offset": [269, 278]}, {"key": "the-members", "type": "clause", "offset": [309, 320]}, {"key": "respective-affiliates", "type": "definition", "offset": [330, 351]}], "snippet": "means a licensed commercial real estate broker possessing at least ten (10) years of experience ending on the date of appointment advising on the sale of urban hospitality properties substantially similar in size, operating standard, and STR segment and market area to the Hotel, and who is unaffiliated with the Members or their respective Affiliates.", "size": 5, "hash": "7fc0ba9668b41dd13928f2d061c7b450", "id": 1}, {"samples": [{"hash": "bPnev5S4GEd", "uri": 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"expiration-of-the", "type": "clause", "offset": [570, 587]}, {"key": "determine-the", "type": "clause", "offset": [842, 855]}, {"key": "day-period", "type": "definition", "offset": [966, 976]}, {"key": "select-one", "type": "clause", "offset": [1224, 1234]}, {"key": "after-receipt-of", "type": "clause", "offset": [1308, 1324]}, {"key": "landlord-and-tenant", "type": "definition", "offset": [1456, 1475]}, {"key": "each-party", "type": "clause", "offset": [1477, 1487]}, {"key": "cost-of", "type": "definition", "offset": [1503, 1510]}, {"key": "between-the-parties", "type": "clause", "offset": [1599, 1618]}, {"key": "commencement-of-the", "type": "clause", "offset": [1678, 1697]}, {"key": "second-extension-term", "type": "clause", "offset": [1698, 1719]}, {"key": "date-of", "type": "clause", "offset": [1759, 1766]}, {"key": "tenant-shall", "type": "clause", "offset": [1794, 1806]}, {"key": "to-pay", "type": "clause", "offset": [1816, 1822]}, {"key": "the-applicable", "type": "clause", "offset": [1840, 1854]}, {"key": "extended-term", "type": "definition", "offset": [1855, 1868]}, {"key": "equal-to", "type": "definition", "offset": [1879, 1887]}, {"key": "rent-payable", "type": "definition", "offset": [1897, 1909]}, {"key": "with-respect-to", "type": "clause", "offset": [1910, 1925]}, {"key": "day-of", "type": "clause", "offset": [1951, 1957]}, {"key": "first-extension-term", "type": "definition", "offset": [1962, 1982]}, {"key": "the-final-determination", "type": "definition", "offset": [1999, 2022]}, {"key": "by-tenant", "type": "definition", "offset": [2052, 2061]}, {"key": "finally-determined", "type": "definition", "offset": [2189, 2207]}, {"key": "in-accordance-with", "type": "definition", "offset": [2208, 2226]}, {"key": "the-provisions", "type": "clause", "offset": [2227, 2241]}, {"key": "to-landlord", "type": "definition", "offset": [2267, 2278]}, {"key": "within-thirty", "type": "clause", "offset": [2325, 2338]}, {"key": "landlord-shall", "type": "clause", "offset": [2495, 2509]}, {"key": "rent-due", "type": "clause", "offset": [2597, 2605]}, {"key": "under-this-lease", "type": "clause", "offset": [2606, 2622]}, {"key": "following-the", "type": "definition", "offset": [2624, 2637]}, {"key": "determination-of-the", "type": "clause", "offset": [2647, 2667]}, {"key": "amendment-to", "type": "clause", "offset": [2802, 2814]}, {"key": "extension-of", "type": "clause", "offset": [2845, 2857]}, {"key": "for-the-premises", "type": "clause", "offset": [2947, 2963]}, {"key": "terms-of", "type": "definition", "offset": [3039, 3047]}], "snippet": "means any independent unaffiliated commercial real estate broker (a) who is employed by a brokerage firm of recognized competence in the greater Boston area and (b) who has not less than ten (10) years\u2019 experience in brokering premises for leases of the general location, type and character as the Premises. If either Landlord or Tenant fails to appoint a qualified broker by the Cut-Off Date, then the other party shall have the power to appoint the qualified broker for the defaulting party. If the qualified brokers are unable to agree on the Fair Market Rent by the expiration of the Two-Broker Period, then the two qualified brokers jointly shall appoint a third qualified broker within ten (10) days of the expiration of the Two-Broker Period, and within fifteen (15) days of such appointment all three qualified brokers shall meet and determine the Fair Market Rent. If all three qualified brokers are unable to agree upon the Fair Market Rent within such 15-day period, then the first two qualified brokers simultaneously shall deliver their final Fair Market Rent numbers to the third qualified broker on the third (3rd) Business Day after the expiration of such 15-day period, and the third qualified broker shall select one or the other number as the Fair Market Rent within two (2) Business Days after receipt of such submissions from the first two qualified brokers, and the Fair Market Rent so determined shall be conclusive and binding upon Landlord and Tenant. Each party shall bear the cost of its qualified broker, and the cost of the third qualified broker shall be borne equally between the parties. If the Fair Market Rent is not so determined prior to the commencement of the second Extension Term, then, from and after the commencement date of the second Extension Term, Tenant shall continue to pay as Base Rent for the applicable Extended Term an amount equal to the Base Rent payable with respect to the Premises on the last day of the first Extension Term. If, based upon the final determination hereunder, the payments made by Tenant on account of the Base Rent for such portion of the Extension Term were (i) less than the Base Rent for such Extension Term as finally determined in accordance with the provisions herein, Tenant shall pay to Landlord the amount of such deficiency in its entirety within thirty (30) days after demand therefor, or (ii) greater than the Base Rent for such Extension Term as finally determined in accordance with the provisions hereof, Landlord shall credit the amount of such excess in its entirety against the next installments of Base Rent due under this Lease. Following the parties\u2019 determination of the Base Rent to be paid by Tenant during the applicable Extension Term, as hereinabove provided, Landlord and Tenant shall enter into an amendment to this Lease confirming (i) the extension of this Lease for the applicable Extension Term and (ii) the Base Rent to be paid by Tenant for the Premises during the applicable Extension Term, as determined in accordance with the terms of this Section; provided, however,", "size": 3, "hash": "9813d739c31f6088e67f7093e6ae5523", "id": 2}, {"samples": [{"hash": "awLyvoOWrpo", "uri": "/contracts/awLyvoOWrpo#qualified-broker", "label": "Build to Suit Lease Agreement", "score": 30.3408622742, "published": true}], "snippet_links": [{"key": "real-estate-broker", "type": "clause", "offset": [8, 26]}, {"key": "the-state-of-texas", "type": "clause", "offset": [50, 68]}, {"key": "engaged-in", "type": "definition", "offset": [110, 120]}, {"key": "comparable-buildings", "type": "definition", "offset": [144, 164]}, {"key": "year-period", "type": "definition", "offset": [224, 235]}, {"key": "a-party", "type": "clause", "offset": [315, 322]}, {"key": "space-lease", "type": "definition", "offset": [339, 350]}, {"key": "square-feet", "type": "clause", "offset": [370, 381]}, {"key": "landlord-or-tenant", "type": "clause", "offset": [412, 430]}], "snippet": "means a real estate broker who (i) is licensed in the State of Texas, (ii) has been actively and continuously engaged in leasing space in other comparable buildings in Southeast Texas for not less than the previous ten (10) year period, (iii) during the preceding three (3) year period has individually represented a party to a comparable space lease of at least 50,000 square feet; and (iv) has not represented Landlord or Tenant during the preceding five (5) year period. SEC. 51", "size": 3, "hash": "4433f2ea59a39d4cf5acd237e3d98521", "id": 3}, {"samples": [{"hash": "dK9UNdyBp0u", "uri": "/contracts/dK9UNdyBp0u#qualified-broker", "label": "Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)", "score": 28.603012085, "published": true}, {"hash": "GBsHqXC5HY", "uri": "/contracts/GBsHqXC5HY#qualified-broker", "label": "Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)", "score": 28.3483905792, "published": true}], "snippet_links": [{"key": "brokerage-company", "type": "definition", "offset": [40, 57]}, {"key": "the-area", "type": "clause", "offset": [81, 89]}, {"key": "relevant-property", "type": "definition", "offset": [103, 120]}], "snippet": "means a reputable, independent national brokerage company that has a presence in the area in which the relevant Property is located and has at least ten (10) years\u2019 experience in valuing and selling multi-family properties in the area of such Property.", "size": 2, "hash": "893d7190c445ecb3ab0787c7aa5e9cc5", "id": 4}, {"samples": [{"hash": "fYo8AuMbgRy", "uri": "/contracts/fYo8AuMbgRy#qualified-broker", "label": "Ground Lease Agreement (Biopure Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "defined-in-section", "type": "clause", "offset": [3, 21]}], "snippet": "as defined in Section 12.03.", "size": 2, "hash": "674480831daf5e398571a9b169312a28", "id": 5}, {"samples": [{"hash": "iAUr3AxFdyu", "uri": "/contracts/iAUr3AxFdyu#qualified-broker", "label": "Lease Agreement (Motus GI Holdings, Inc.)", "score": 31.1930179596, "published": true}], "snippet_links": [{"key": "commercial-real-estate-broker", "type": "definition", "offset": [8, 37]}, {"key": "associated-with", "type": "definition", "offset": [38, 53]}, {"key": "real-estate-brokerage-firm", "type": "definition", "offset": [73, 99]}, {"key": "years-full", "type": "clause", "offset": [123, 133]}, {"key": "the-\u2587", "type": "clause", "offset": [186, 191]}, {"key": "market-area", "type": "clause", "offset": [224, 235]}], "snippet": "means a commercial real estate broker associated with a major commercial real estate brokerage firm with at least ten (10) years full-time commercial real estate brokerage experience in the \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587 (the \u201cMarket Area\u201d).", "size": 2, "hash": "2e64b6efa4c6a6d40d112c855ac17c3b", "id": 6}, {"samples": [{"hash": "kRJvo0OJzsY", "uri": "/contracts/kRJvo0OJzsY#qualified-broker", "label": "Deed of Lease (Vse Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "real-estate-broker", "type": "clause", "offset": [17, 35]}, {"key": "years-experience", "type": "definition", "offset": [67, 83]}, {"key": "office-space", "type": "clause", "offset": [92, 104]}, {"key": "comparable-buildings", "type": "definition", "offset": [112, 132]}], "snippet": "means a licensed real estate broker who has not less than ten (10) years experience leasing office space within Comparable Buildings.", "size": 1, "hash": "663ac0eee0a768ca6efb7c8613b98e77", "id": 7}, {"samples": [{"hash": "1B1QD3Hv4SR", "uri": "/contracts/1B1QD3Hv4SR#qualified-broker", "label": "Standard Multi Tenant Office Lease   Gross (Volcano Corp)", "score": 20.1608486176, "published": true}], "snippet_links": [{"key": "real-estate-broker", "type": "clause", "offset": [8, 26]}, {"key": "the-state-of-california", "type": "clause", "offset": [50, 73]}, {"key": "engaged-in", "type": "definition", "offset": [115, 125]}, {"key": "commercial-space", "type": "definition", "offset": [152, 168]}, {"key": "year-period", "type": "definition", "offset": [249, 260]}, {"key": "the-term", "type": "definition", "offset": [262, 270]}, {"key": "qualified-appraiser", "type": "definition", "offset": [272, 291]}, {"key": "appraisal-institute", "type": "definition", "offset": [320, 339]}, {"key": "the-designation", "type": "clause", "offset": [375, 390]}, {"key": "years-full", "type": "clause", "offset": [447, 457]}, {"key": "appraisal-experience", "type": "definition", "offset": [463, 483]}, {"key": "each-party", "type": "clause", "offset": [524, 534]}, {"key": "responsible-for", "type": "clause", "offset": [544, 559]}, {"key": "the-compensation", "type": "clause", "offset": [560, 576]}, {"key": "the-qualified", "type": "clause", "offset": [589, 602]}], "snippet": "means a real estate broker who (i) is licensed in the State of California, (ii) has been actively and continuously engaged in the leasing of industrial/commercial space in the Rancho \u2587\u2587\u2587\u2587\u2587\u2587\u2587 area as his/her primary occupation during the preceding 5-year period. The term \u201cQualified Appraiser\u201d shall mean a member of the Appraisal Institute or any successor thereto who holds the designation \u201cMAI\u201d (or its then equivalent) and has not less than 10 years full-time appraisal experience in the Rancho Cordova, California area. Each party shall be responsible for the compensation, if any, of the Qualified Broker appointed by it and for one-half of the compensation, if any, of the Qualified Appraiser appointed by it.", "size": 1, "hash": "54bb749df18b44966c2131dc5f5e04ff", "id": 8}, {"samples": [{"hash": "8vfOFRQxkjm", "uri": "/contracts/8vfOFRQxkjm#qualified-broker", "label": "Office Lease (Genesis Energy Lp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "real-estate-broker", "type": "clause", "offset": [8, 26]}, {"key": "the-state-of-texas", "type": "clause", "offset": [50, 68]}, {"key": "a-member-of-the", "type": "clause", "offset": [77, 92]}, {"key": "leasing-brokers", "type": "clause", "offset": [108, 123]}, {"key": "office-buildings", "type": "clause", "offset": [224, 240]}, {"key": "central-business-district", "type": "definition", "offset": [256, 281]}, {"key": "year-period", "type": "definition", "offset": [322, 333]}, {"key": "a-party", "type": "clause", "offset": [411, 418]}, {"key": "office-space-lease", "type": "definition", "offset": [425, 443]}, {"key": "square-feet", "type": "clause", "offset": [504, 515]}, {"key": "landlord-or-tenant", "type": "clause", "offset": [545, 563]}, {"key": "failure-by", "type": "clause", "offset": [607, 617]}, {"key": "exercise-of-the", "type": "clause", "offset": [641, 656]}, {"key": "renewal-option", "type": "definition", "offset": [657, 671]}, {"key": "day-period", "type": "definition", "offset": [693, 703]}, {"key": "acceptance-by-tenant", "type": "clause", "offset": [720, 740]}, {"key": "of-landlord", "type": "clause", "offset": [741, 752]}, {"key": "determination-of-the", "type": "clause", "offset": [755, 775]}, {"key": "prevailing-market-rate", "type": "definition", "offset": [776, 798]}, {"key": "renewal-term", "type": "clause", "offset": [807, 819]}], "snippet": "means a real estate broker who (a) is licensed in the State of Texas, (b) is a member of the Houston Office Leasing Brokers Association, (c) has been actively and continuously involved in leasing office space in multi-story office buildings in the Houston Central Business District for not less than the previous ten (10) year period, (d) during the preceding three (3) year period has individually represented a party to an office space lease in the Houston Central Business District of at least 75,000 square feet; and (3) has not represented Landlord or Tenant during the preceding five (5) year period. Failure by Tenant to withdraw its exercise of the Renewal Option within such ten (10) day period shall be deemed acceptance by Tenant of Landlord's determination of the Prevailing Market Rate for the Renewal Term.", "size": 1, "hash": "41c84e8b08c8e57ad073b37895c26e46", "id": 9}, {"samples": [{"hash": "1eavMdfckvW", "uri": "/contracts/1eavMdfckvW#qualified-broker", "label": "Office Lease Agreement (Worldspan L P)", "score": 21.0, "published": true}], "snippet_links": [{"key": "commercial-real-estate-broker", "type": "definition", "offset": [8, 37]}, {"key": "years-experience", "type": "definition", "offset": [65, 81]}, {"key": "being-conducted", "type": "definition", "offset": [193, 208]}], "snippet": "means a commercial real estate broker with no less than ten (10) years experience valuing and leasing Class \u201cA\u201d commercial office real estate, with no less than the last six (6) years of which being conducted in the Atlanta, Georgia area.", "size": 1, "hash": "a405b40ed981a9acf414fe20b65feb9e", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIZcXVhbGlmaWVkLWJyb2tlciMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Qualified Broker", "snippet": "means a licensed commercial real estate broker possessing at least ten (10) years of experience ending on the date of appointment advising on the sale of urban hospitality properties substantially similar in size, operating standard, and STR segment and market area to the Hotel, and who is unaffiliated with the Members or their respective Affiliates.", "size": 27, "id": "qualified-broker", "examples": ["The parties each agree to select their <strong>Qualified Broker</strong> within ten (10) days after the expiration of the aforesaid twenty (20) day period.", "If a party fails to timely select a <strong>Qualified Broker</strong>, the determination of the Fair Market Rent for the Premises shall be made by the <strong>Qualified Broker</strong> selected by the other party.", "Within fifteen (15) days after the third <strong>Qualified Broker</strong> has been selected, all of the <strong>Qualified Brokers</strong> shall meet to attempt to agree upon the Fair Market Rent for the Premises.", "The third <strong>Qualified Broker</strong> shall be selected by the first two <strong>Qualified Brokers</strong> within ten (10) days after the first two (2) <strong>Qualified Brokers</strong> have been selected.", "Each of the parties to this Lease shall pay the costs of the services of the <strong>Qualified Broker</strong> selected by that party, and the cost of the services of the third <strong>Qualified Broker</strong> shall be divided equally between Landlord and Tenant.", "Within thirty (30) days after delivery of the Buy-Sell Notice, the Condor Member and TWC Member shall each deliver to the other (i) a current broker valuation prepared by a <strong>Qualified Broker</strong>, containing its determination of the fair market value for the Property (which includes for purposes of this Article 13, the Business of the LLC) on a going concern basis free and clear of all liabilities secured by or otherwise relating to the Property (the \u201cProperty Valuation\u201d).", "The TWC Member and Promote Member shall have thirty (30) days after receipt of the notice of intent and Property Valuation to deliver notice to the Condor Member objecting to the Property Valuation and providing a Property Valuation on a going concern value basis from a <strong>Qualified Broker</strong>.", "Each of the parties to this Lease shall pay the costs of the services of the <strong>Qualified Broker</strong> selected by that party, and the cost of the services of the third <strong>Qualified Broker</strong> and the Fourth <strong>Qualified Broker</strong> shall be divided equally between Landlord and Tenant.", "If the TWC Member and Promote Member do not timely object to the Property Valuation and provide the alternative Property Valuation from a <strong>Qualified Broker</strong>, then the Property Valuation delivered by the Condor Member shall be used to determine the purchase price.", "The third <strong>Qualified Broker</strong> shall be selected within ten (10) days after the first two <strong>Qualified Brokers</strong> have been selected."], "related": [["designated-broker", "Designated Broker", "Designated Broker"], ["approved-broker", "Approved Broker", "Approved Broker"], ["approved-brokers", "Approved Brokers", "Approved Brokers"], ["authorized-broker", "Authorized Broker", "Authorized Broker"], ["real-estate-broker", "Real estate broker", "Real estate broker"]], "related_snippets": [], "updated": "2026-06-04T04:23:11+00:00"}, "json": true, "cursor": ""}}