SCOPE OF THIS SCHEDULE. 1.1 The provisions of this Schedule apply in the circumstances set out in Commercial Condition 5.1. 1.2 Commercial Condition 5 applies, save for Commercial Conditions 5.7 and 5.8 and is reproduced in paragraph 1.3 for ease of reference; copyright in SLSS Limited (Oyez) and The Law Society is acknowledged. 1.3 5.1 Subject to condition 5.2, this condition applies if: (a) the rent reserved by a lease of all or part of the Properties is to be reviewed; (b) the seller is either the landlord or the tenant; (c) the rent review process starts before actual completion; and (d) no reviewed rent has been agreed or determined at the date of the contract.
Appears in 2 contracts
Sources: Nominee Agreement (Hines Global REIT, Inc.), Nominee Agreement (Hines Global REIT, Inc.)