Common use of Approval Request Process Clause in Contracts

Approval Request Process. In the event Landlord consent is required pursuant to subsections (e) or (f) of the Permitted Tenant Transferee definition, Landlord shall in any event either approve or disapprove a proposed Permitted Tenant Transferee for which Landlord consent is required in writing as soon as practicable but no later than fifteen (15) Business Days after receipt of Tenant’s written notice to Landlord requesting approval of such proposed Permitted Tenant Transferee and such information with respect to such Permitted Tenant Transferee (consistent with the scope of Landlord’s consent as provided herein) as may be reasonably requested by Landlord (by written notice given to Tenant within five (5) days after receipt of Tenant’s aforesaid written notice) to evaluate the proposed transaction and the affected parties. Landlord shall be deemed to have rejected any such proposed Permitted Tenant Transferee if a written request for approval is delivered to Landlord, and Landlord does not respond in writing within fifteen (15) Business Days after Landlord’s receipt of such written request for approval and all such reasonable information timely requested by Landlord as provided in the immediately preceding sentence. If Landlord does not approve such proposed Permitted Tenant Transferee in writing within such fifteen (15) Business Day period, Landlord agrees to provide Tenant with a reasonably detailed written explanation as to the reasons for withholding such approval to such proposed Permitted Tenant Transferee on or before the end of such fifteen (15) Business Day period.

Approval Request Process. In the event Landlord Lessor consent is required pursuant to subsections (ef) or (fg) of the Permitted Tenant Lessee Transferee definition, Landlord Lessor shall in any event either approve or disapprove a proposed Permitted Tenant Lessee Transferee for which Landlord Lessor consent is required in writing as soon as practicable but no later than fifteen (15) Business Days after receipt of TenantLessee’s written notice to Landlord Lessor requesting approval of such proposed Permitted Tenant Lessee Transferee and such information with respect to such Permitted Tenant Lessee Transferee (consistent with the scope of LandlordLessor’s consent as provided herein) as may be reasonably requested by Landlord Lessor (by written notice given to Tenant Lessee within five (5) days after receipt of TenantLessee’s aforesaid written notice) to evaluate the proposed transaction and the affected parties. Landlord Lessor shall be deemed to have rejected any such proposed Permitted Tenant Lessee Transferee if a written request for approval is delivered to LandlordLessor, and Landlord Lessor does not respond in writing within fifteen (15) Business Days after LandlordLessor’s receipt of such written request for approval and all such reasonable information timely requested by Landlord Lessor as provided in the immediately preceding sentence. If Landlord Lessor does not approve consent in writing to such proposed Permitted Tenant Lessee Transferee in writing within such within fifteen (15) Business Day period, Landlord Lessor agrees to provide Tenant Lessee with a reasonably detailed written explanation as to the reasons for withholding such approval consent to such proposed Permitted Tenant Lessee Transferee on or before the end of such fifteen (15) Business Day period.