Leasing of Space. A. Unless otherwise approved by Lender in writing in advance, all Leases shall be entered into with bona fide third party tenant financially capable of performing their obligations thereunder and shall reflect arms-length transactions at the then current market rate for comparable space. Borrower shall perform all obligations required to be performed by it as landlord under any Lease. Borrower shall not accept any rent (however denominated) or other charges under any of the Leases more than one (1) month in advance.
Leasing of Space. With respect to the leasing of space for occupancy prior to the Agency’s issuance of a Release of Construction Covenants for the applicable Subarea, the Developer shall not be required to submit the documentation otherwise required for a Transfer by § 702.1, nor obtain the assignment and assumption agreement otherwise required by § 702.2, nor pay the costs referred to in § 702.1; provided, however, that such lease shall contain appropriate provisions conforming the use and operation of the premises to this Agreement and the covenants of the Grant Deed and the Agreement Containing Covenants Affecting Real Property, and further provided, that the Developer has complied with Section 103.1 of this Agreement.
Leasing of Space. From the Effective Date until the Closing or earlier termination of this Agreement, Seller will not lease any space in the Improvements without the prior written approval of Purchaser (such approval not to be unreasonably withheld, conditioned or delayed). For avoidance of doubt, the foregoing limitation upon Seller shall apply with respect to Lease renewals and Lease extensions with respect to Leases existing as of the Effective Date (other than any renewals or extensions exercised as of right by a party other than the Seller under such Lease), but shall not apply with respect to nightly room rentals. If the Closing occurs, all costs and expenses incurred and paid by Seller under (i) any new Lease entered into after the Effective Date with Purchaser’s approval (or deemed approval as hereafter provided) and (ii) any extension, renewal or modification of an existing Lease entered into after the Effective Date pursuant to rights of the tenant contained in the Lease or otherwise with Purchaser’s approval (or deemed approval as hereafter provided), shall be paid by Purchaser in accordance with Section 6.4(b) of this Agreement. Said costs and expenses shall include, but not be limited to, costs incurred and paid by Seller for tenant improvements, leasing commissions, capital improvements, and reasonable attorneys’ fees. If Purchaser does not deliver written notice to Seller of its approval or disapproval of any matters for which Seller seeks Purchaser’s approval as set forth above within five (5) Business Days after Purchaser’s receipt of Seller’s request for such approval, Purchaser shall be deemed to have approved such matters and to have agreed to assume all obligations with respect thereto.
Leasing of Space. Sellers shall perform all of their obligations under the Leases prior to Closing. Sellers shall be entitled to modify, amend, enter into, and renew any Leases in the ordinary course of business, provided that all Leases are on Sellers’ standard form and are negotiated at arms-length with third parties that are not controlled by or under common control with Sellers. Notwithstanding the foregoing, after the expiration of the Inspection Period Sellers shall not modify, amend, enter into or renew any non mini-storage leases without the consent of Buyer, which consent will not be unreasonably withheld or delayed.
Leasing of Space. A. Borrower shall not allow any of the Property Owners, and shall not itself, accept any rent (however denominated) or other charges under any of the Leases more than one (1) month in advance without the prior written consent of Lender, except that any of the Property Owners may receive in advance a security deposit of one or more month’s rent if each of the Property Owners holds the same (i) in accordance with all applicable legal requirements and (ii) in a segregated account from which no withdrawals are made except to apply a tenant’s deposit to the payment of damages or the final month’s rent for which the tenant is liable under its Lease or to return such deposit to the appropriate tenant. All Leases shall satisfy all of the requirements applicable to such Lease contained in any of the Senior Loan Documents.
Leasing of Space. A. Unless otherwise approved by Lender in writing in advance, all Leases shall be entered into with bona fide third party tenants financially capable of performing their obligations thereunder and shall reflect arms-length transactions at the then current market rate for comparable space. Lender acknowledges its approval of the XM Radio Lease. Borrower shall perform all obligations required to be performed by it as landlord under any Lease. Borrower shall not accept any rent (however denominated) or other charges under any of the Leases more than one (1) month in advance.
Leasing of Space. Seller shall be entitled to continue to lease the apartments in a manner consistent with the current leasing practices, provided however, that Seller will not execute any Lease of a term of greater than one (1) year.
Leasing of Space. Borrower will comply with all of the terms and ---------------- conditions of Section 22 of the Lease (which governs Borrower's rights and ---------- obligations with respect to assignments of the Lease or subleases of portions of the Project).
Leasing of Space. A. Unless otherwise approved by Lender in writing in advance, all Leases shall be entered into with bona fide third party tenants financially capable of performing their obligations thereunder and shall reflect arms-length transactions at the then current market rate for comparable space. Borrower shall perform all obligations required to be performed by it as landlord under any Lease. With respect to any Project that is not a mini-storage facility, Borrower shall not accept any rent (however denominated) or other charges under any of the Leases more than one (1) month in advance. With respect to any Project that is a mini-storage facility, Borrower shall not accept any rent (however denominated) or other charges under any of the Leases more than two (2) months in advance; provided that for each such Project, Borrower may accept up to one (1) year of advance rent with respect to an aggregate maximum of five percent (5%) of the net rentable square feet of space within the applicable Project.
Leasing of Space. A. Unless otherwise approved by Lender in writing in advance (which approval may be withheld in Lender's good faith sole discretion), the Approved Lease shall reflect an arms-length transaction at the then current market rate for comparable space. The Approved Lease shall comply with all applicable Laws, including, without limitation, all subdivision requirements, if any. Borrower shall perform all obligations required to be performed by it as landlord under the Approved Lease. Borrower shall not accept any Prepaid Property Income (however denominated).
