Space Leases definition
Examples of Space Leases in a sentence
Except for the Space Leases, Contracts, and this Agreement, Seller is not a party to any unrecorded agreements or contracts affecting the Property that will be binding on Buyer or the Property after the Closing Date.
As of the Effective Date, there are no unpaid brokerage commissions or finders’ fees payable by Seller with respect to the current or any exercised renewal term of any of the Space Leases other than those set forth on Schedule 3.2(c) or Schedule 3.2(b-2).
As of the Effective Date, (i) the leases listed on Schedule 3.2(b-1) constitute all of the existing Space Leases, (ii) the Space Leases contain the entire agreement between the relevant landlord and the Tenants named therein, (iii) true and complete (in all material respects) copies of the Space Leases have been made available to Buyer, and (iv) Schedule 3.2(b-2) is a true and complete list of all Seller’s Leasing Costs currently outstanding with respect to the Space Leases.
A list of the unapplied tenant security deposits held by Seller under the Space Leases as of the Effective Date is set forth on Schedule 10.1. Rents that are delinquent (or payable but unpaid) as of the Closing Date shall not be prorated on the Closing Date.
Notwithstanding anything herein to the contrary, Seller shall have no obligation to incur any material cost or liability in connection with such efforts or to make any payments or to grant any concessions under the Space Leases, to declare any Tenants in default under the Space Leases or to initiate any proceedings thereunder or with respect thereto.