Leasing of Space Sample Clauses

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). B. Borrower shall not enter into, or modify, amend, terminate or accept a surrender or cancellation of the Approved Lease, or consent to any assignment or subletting under the Approved Lease, or enter into any other Lease, without Lender's prior written approval of any sublease, assignment, or other Lease, and the tenant's financial condition (including, without limitation, financial statements, operating history and business prospects), which shall not be unreasonably withheld. Lender's prior written consent shall not be required for any amendment or modification of the Approved Lease or any other Lease if the amendment or modification does not alter a Material Lease Provision. Lender's prior written consent, which may be withheld in Lender's good faith sole discretion, shall be required if (a) any proposed tenant's operations at, on or about the Project will or are reasonably likely to at any time involve the use, generation, storage, handling or disposal of Hazardous Substances, or (b) the tenant's use of the Project or applicable portion thereof is not consistent with the use of the remainder of the Project. C. Promptly after the execution of any modification, amendment or termination of the Approved Lease, or any other Lease previously approved by Lender, Borrower shall deliver to Lender copies of such modification, amendment or termination, and all other documents executed in connection therewith, whether or not Lender's approval is required in connection therewith pursuant to this SECTION 7.

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. 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. 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. B. Borrower shall not enter into, or modify, amend, terminate or accept a surrender or cancellation of, any Lease, or consent to any assignment or subletting under any Lease, without Lender's prior written consent except as follows: {i) Borrower may terminate Leases other than Major Leases without Lender's prior written consent for the non-payment of rent if Borrower would in good faith terminate such Lease in the ordinary course of its business.

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. Seller shall (or shall cause the Subsidiaries to) perform all of their material obligations under the Leases prior to Closing. Seller and the Subsidiaries shall be entitled to modify, amend, enter into, and renew any Leases in the ordinary course of business, provided that all Leases are on Seller’s standard form and are negotiated at arms-length with third parties that are not controlled by or under common control with Seller. Notwithstanding the foregoing, after the expiration of the Extended Inspection Period Seller and the Subsidiaries 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. 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. B. Borrower shall not enter into, or modify, amend, terminate (except upon the stated expiration of the term thereof) or accept (where Borrower has the legal right to accept or

Leasing of Space. Manager agrees to use its reasonable and good faith efforts to have the Property fully rented under leases (“Leases”) to tenants (“Tenants”) consistent with current practices or such other practices from time to time directed by the Company. Owner shall have the right to (x) approve the persons engaged by Manager to perform the leasing functions under Section 2.3 and (y) after any such approval, to revoke any such approval on a reasonable basis in accordance with the terms of the applicable Exclusive Listing Agreement. In connection with the foregoing, Manager shall act as leasing supervisor for the 237 11th Property and shall perform the following services:

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).