Common use of Execution of Leases Clause in Contracts

Execution of Leases. All leases and lease renewals, extensions and modifications are to be prepared by counsel retained by Manager and either executed by City or, following City’s determination that the requirements of Section 6.2 have been met and express authority to execute, executed by Manager as City’s authorized representative. Leasing costs shall be an Operating Expense pursuant to an Approved Budget.

Appears in 3 contracts

Sources: Facility Management Agreement, Facility Management Agreement, Facility Management Agreement