Leasing Costs. Each Respective Seller shall pay or give Buyer credit for all unpaid leasing commissions, tenant improvement costs, tenant improvement allowances and rent credits referenced on Exhibit H incurred in connection with the current term of any Lease executed prior to the Effective Date relating to the Respective Seller’s Property (the “Leasing Costs”). The parties acknowledge that Exhibit H shall be updated by Seller prior to Closing to reflect the amount of Leasing Costs as of the Closing Date. Leasing Costs, including any legal fees and costs, incurred in connection with any Lease or amendment thereto executed on or after the Effective Date, or in connection with any renewal term of any Lease exercised on or after the Effective Date, shall be paid by Buyer or, if paid by Seller prior to Closing, credited to Seller.
Appears in 4 contracts
Samples: Purchase and Sale Agreement and Joint Escrow Instructions, Purchase and Sale Agreement and Joint Escrow Instructions, Purchase and Sale Agreement and Joint Escrow Instructions
