Arbitrator’s Decision. Within thirty (30) days after the appointment of the third arbitrator, the three (3) arbitrators shall decide whether the parties will use Landlord’s or Tenant’s submitted Fair Market Rental Value and shall notify Landlord and Tenant of their decision. The decision of the majority the three (3) arbitrators shall be binding on Landlord and Tenant.
Appears in 17 contracts
Samples: Lease Agreement (PROCEPT BioRobotics Corp), Lease Agreement (PROCEPT BioRobotics Corp), Lease Agreement (Talis Biomedical Corp)
Arbitrator’s Decision. Within The three (3) arbitrators shall, within thirty (30) days after of the appointment of the third arbitrator, the three (3) arbitrators shall decide reach a decision as to whether the parties will shall use Landlord’s or Tenant’s submitted Fair Market Rental Value Value, and shall notify Landlord and Tenant of their decisionthereof. The decision of the majority of the three (3) arbitrators shall be binding on upon Landlord and Tenant. The arbitrators shall not be permitted to set Fair Market Value to any level other than either Landlord’s or Tenant’s submitted Fair Market Value.
Appears in 13 contracts
Samples: Office Lease (Day One Biopharmaceuticals Holding Co LLC), Office Lease (Satsuma Pharmaceuticals, Inc.), Office Lease (Satsuma Pharmaceuticals, Inc.)
Arbitrator’s Decision. Within thirty (30) days after the appointment of the third arbitrator, the three (3) arbitrators shall decide whether the parties will use Landlord’s 's or Tenant’s 's submitted Fair Market Rental Value and shall notify Landlord and Tenant of their decision. The decision of the majority the three (3) arbitrators shall be binding on Landlord and Tenant.
Appears in 7 contracts
Samples: Lease Agreement (Penumbra Inc), Lease Agreement (Everbridge, Inc.), Lease Agreement (Penumbra Inc)
Arbitrator’s Decision. Within The three (3) arbitrators shall within thirty (30) days after the appointment of the third arbitrator, the three (3) arbitrators shall decide arbitrator reach a decision as to whether the parties will use Landlord’s 's or Tenant’s 's submitted Fair Market Rental Value Rent is the closest to the actual Fair Market Rent, and shall use the closest of Landlord's or Tenant's submitted Fair Market Rent as the Fair Market Rent for purposes of calculating the Option Rent, and shall notify Landlord and Tenant of their decision. The decision of the majority the three (3) arbitrators shall be binding on Landlord and Tenantthereof.
Appears in 2 contracts
Samples: Sublease Agreement (E Loan Inc), Sublease Agreement
Arbitrator’s Decision. Within thirty (30) days after the appointment of the third arbitrator, the three (3) arbitrators shall decide whether the parties will use Landlord’s 's or Tenant’s 's submitted Fair Market Rental Value and shall notify Landlord and Tenant of their decision. The decision of the majority of the three (3) arbitrators shall be binding on Landlord and Tenant.
Appears in 1 contract
Samples: Office Lease (Quokka Sports Inc)
Arbitrator’s Decision. Within thirty (30) days after the appointment of the third arbitrator, the three (3) arbitrators shall decide whether determine the parties will use Landlord’s or Tenant’s submitted Fair Market Rental Value and shall notify Landlord Lessor and Tenant Lessee of their decision. The decision of the majority of the three (3) arbitrators shall be binding on Landlord Lessor and Tenant.Lessee
Appears in 1 contract
Samples: Standard Industrial/Commercial Single Tenant Lease Net (Supreme Industries Inc)
