Leases of the Property. Neither the Borrower nor any Guarantor will lease all or any portion of a Collateral Pool Property or amend, supplement or otherwise modify, terminate or cancel, or accept the surrender of, or consent to the assignment or subletting of, or grant any concessions to or waive the performance of any obligations of any tenant, lessee or licensee under, any now existing or future Lease at any Collateral Pool Property, except in each case consistent with sound leasing and management practices for similar properties.
Appears in 2 contracts
Sources: Credit Agreement (NNN Apartment REIT, Inc.), Mezzanine Credit Agreement (NNN Apartment REIT, Inc.)