Lease Form. The form of Lease, if any, to be used by the Borrower or such Subsidiary Guarantor in connection with future leasing of such Mortgaged Property, which shall be in form and substance reasonably satisfactory to the Agent.
Lease Form. As required by the Agent, the form of Lease, if any, to be used by the Borrower or such Subsidiary Guarantor in connection with future leasing of such Pool Property, which shall be in form and substance reasonably satisfactory to the Agent.
Lease Form. Copy of Seller's current standard lease form;
Lease Form. Property Manager shall use the lease form (the “Lease Form”) attached hereto as Exhibit F.
Lease Form. Form RD 1955–20 ap- proved by OGC will be used by the agency to lease property.
Lease Form. The standard form of Lease now in use with respect to each of the Properties is attached hereto as Exhibit F.
Lease Form. From and after the date of this Agreement, Borrower shall only execute Leases on the form of tenant lease approved by Lender as part of the underwriting of the Loan (the “Form Lease”). Borrower shall not, without the prior written consent of Lender, not to be unreasonably withheld, amend, modify or alter the Form Lease in any material respect and Borrower shall reimburse Lender any of its costs and expenses, including reasonable attorneys’ fees, for the review of the Form Lease, including any proposed revisions thereto, or for the review of proposed Leases, any extensions, modifications and amendments to Leases. From and after the date of this Agreement, Borrower shall utilize the Form Lease in leasing all or any part of the Improvements and all Leases entered into from and after the date of this Agreement must (i) be at competitive market rents; (ii) have lease terms of not less than eleven and one-half (11.5) months, except no more than twenty percent (20%) of all Leases may have lease terms of less than eleven and one-half (11.5) months; and (iii) contain a written provision acceptable to Lender whereby all rights of the tenant under the Lease are subordinated to the Liens granted in the Loan Documents or may be made superior to the lien of the Security Instrument at Lender’s option. Notwithstanding the foregoing, Borrower may make modifications to the Form Lease (i) (i) to the extent such changes are immaterial and consistent with normal and prudent property management practices, provided that Borrower provides Lender prior written notice of same and an updated copy of such Form Lease, (ii) as may be required or necessary in order to maintain compliance with applicable Law, and (iii) as negotiated with prospective tenants provided such changes are commercially reasonable, negotiated in the ordinary course of business of owning and operating the Property in a prudent and sound business like manner and otherwise consistent with normal and prudent property management practices.
Lease Form. With respect to each On-Site Rental Store, the parties agree to complete, execute and deliver a lease, substantially in the form of Exhibit C to the Agreement, at least one hundred and twenty (120) days prior to the targeted opening date of such store. Lowe’s shall not be obligated to commence construction on any On-Site Rental Store until the conditions of Section 1.5 of the fully-executed lease for the applicable store have been met. In addition, the parties agree to amend the leases covering the six (6) test stores currently operating under the Pilot Agreement to extend their terms from six (6) months to expire on October 31, 2008 and to add two (2) five (5)-year renewal terms to conform them to the form of lease attached as Exhibit C to the Agreement.
Lease Form. Property Manager shall use a state approved lease form approved by Operating Partnership.
Lease Form. If any term or provision of the Lease or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of the Lease, or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby and each term and provision of the Lease shall be valid and be enforced to the fullest extent permitted by law. The captions contained herein are for convenience and reference only and shall not be deemed as part of the Lease or construed as in any manner limiting or amplifying the terms and provisions of the Lease to which they relate.
