Lease Negotiation. The submission of this Lease for examination does not constitute an offer, a reservation of or option for the Premises, and this Lease shall become effective only upon execution and delivery thereof by both parties.
Lease Negotiation. The Contractor shall proceed with lease negotiations with the prospective Concession Operator following the Authority’s written approval of the Deal Sheet, including any modifications required by the Authority. The Contractor may modify portions of the approved standard master lease form during negotiations with a Concession Operator provided, however, that any such changes do not materially modify the requirements of this Contract or materially alter the rights, obligations, and duties of the Contractor under this Contract without the prior written approval of the Authority. Further, the Contractor shall provide a detailed list of all changes proposed and made to the standard master lease form for a particular lease when it submits the lease to the Authority for approval. The list may be in the form of an electronically-prepared redlined draft showing all of such proposed changes compared to the standard master lease form, which shall be emailed by the Contractor to the Authority’s designated representative(s).
Lease Negotiation. Should PLL exercise the option to purchase the building containing the Chicago Facility, PLL agrees to negotiate in good faith a new lease for the Chicago Facility with substantially the same terms as the existing Chicago Lease.
Lease Negotiation. Notwithstanding anything else herein contained, upon the earlier of (a) [***]* following the Effective Date and (b) such time as Exult elects to use all or part of the Licensed Premises to provide services to a non-BMO entity, Exult may give notice to BMO that it desires to remain in the Licensed Premises until [***]*. If Exult gives such notice then Exult and BMO shall negotiate in good faith to enter into a formal lease or sublease (as applicable) of the Licensed Premises (a) on the standard form in use by BMO for the Building (b) at the Set Price and (c) pursuant to such other terms as the parties may agree. As used herein, the Set Price shall mean, at any point in time, the “all-in” price per square foot that BMO is generally [***]* (or, if BMO is the landlord, the amount charged by BMO to the BMO user group), and is currently equal to [***]*/square foot (Canadian Dollars). The Set Price for any future point in time shall be determined in a manner consistent with the current determination (which currently results in [***]*/square foot). If a formal lease or sublease is not entered into on or before the date that is [***]* following the Effective Date, then Exult shall have no further rights to lease or use the Licensed Premises and shall vacate the Licensed Premises on the expiry of the Term herein.
Lease Negotiation. Program Manager will not and cannot act as an attorney representing Company. Company should engage an attorney licensed in the jurisdiction where the Franchised Business will be located to represent Company in the examination of zoning, land use, and permitting issues as well as the negotiation of the lease or purchase of any proposed site. The Designated Real Estate Broker will contact the owner of a site or its agents (the “Landlord”) and initiate negotiations by submitting a Company approved standard letter of intent ( “LOI") on the primary and applicable secondary) locations(s). The Designated Real Estate Broker will negotiate directly with the Landlord or the Landlord's real estate broker and coordinate with Company and Company's attorney as necessary for feedback on the LOI and lease documents. The services of the Designated Real Estate Broker in relation to lease negotiation are included in the Real Estate Broker Contract and are provided at no charge to Company. The Designated Real Estate Broker will act as a real estate broker with regard to any such transaction and may receive a commission from the Landlord in connection with such services.
Lease Negotiation. To accomplish the proposed scope of services for the Lease Negotiations, AMCG would complete the following tasks:
Lease Negotiation. 41 7.09 Contract Performance..........................................42
Lease Negotiation. Both parties’ obligations under this Agreement are contingent upon the parties’ mutual agreement, on or before the twentieth (20th) day after the Effective Date (the “Lease Approval Date”), on the form of the Lease of a portion of the Real Property more particularly described in Section 10.1(c) hereof. The parties agree to negotiate the final form of the Lease in good faith, which shall incorporate the terms set forth in Section 10.1 hereof, and shall otherwise contain such other terms as are customarily contained in commercial leases of this nature, taking into consideration the size, use, and location of the Leased Premises, as well as such other terms as may be mutually agreed upon by the parties. If, despite such good faith efforts, the parties have not agreed on the form of the Lease on or before the Lease Approval Date, either party may give written notice to the other party of the need to finalize the form of the Lease. In the event the parties are still unable, despite their continued good faith efforts, to agree upon the form of the Lease within five (5) business days of such notice, either party may terminate this Agreement by written notice to the other party, whereupon the Deposit shall be refunded to Purchaser and the parties shall thereafter have no further obligations hereunder (except as set forth in Section 3.4 hereof).
Lease Negotiation. 10 5.2. Leasing Commissions..........................................10 5.3. Use of Legal Assistance......................................10
Lease Negotiation. Contractor will be responsible for negotiating each Lease on behalf of the Company and for securing proper execution by the Site owner(s) of the negotiated Lease with respect to each Site. Contractor is responsible for negotiating all Leases in compliance with Company’s Site acquisition Leasing guidelines (the “Site Acquisition Leasing Guidelines”) as set forth in Attachment 5 to this Exhibit C (also referred to as “Site Leasing Guidelines”). Contractor should utilize Company’s language library, contained in Appendix 5 to the Site Leasing Guidelines, as a source for approved alternate language. The current Site Leasing Guidelines are attached hereto as Attachment 5, and updated versions of the Site Leasing Guidelines will be available in Company’s SMS, from time to time. If a Lease contains terms which are not covered in Company’s Site Leasing Guidelines, or Contractor is unsure if landlord’s changes to Lease language are acceptable, Contractor will submit the Lease to Company’s identified outside counsel for review. Contractor will make reasonable efforts to negotiate the financial terms of a Site into compliance with the approved financial terms, prior to bringing these terms to Company for approval. Company’s outside counsel will track the issues brought to it for negotiation, and provide monthly reports to Company. If, in Company’s determination, Contractor personnel are not properly negotiating Lease terms, or are requesting outside counsel review of terms contained in the Site Leasing Guidelines, Company may request the removal of Contractor’s personnel.
