Common use of Determination of Market Rent Clause in Contracts

Determination of Market Rent. If Tenant timely and appropriately objects to the Market Rent in Tenant's Acceptance, Landlord and Tenant shall attempt to agree upon the Market Rent using their best good-faith efforts. If Landlord and Tenant fail to reach agreement within twenty-one (21) days following Tenant's Acceptance ("Outside Agreement Date"), then each party shall make a separate determination of the Market Rent which shall be submitted to each other and to arbitration in accordance with the following items (i) through (vii):

Appears in 1 contract

Samples: Master Lease (Inetvisionz Com Inc)

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Determination of Market Rent. If In the event Tenant timely and appropriately objects to the Market Rent in Tenant's AcceptanceRent, Landlord and Tenant shall attempt to agree upon the Market Rent using their best good-faith efforts. If Landlord and Tenant fail to reach agreement within twenty-one ten (2110) days following Tenant's Acceptance objection to the Market Rent, (the "Outside Agreement Date"), then each party shall make a separate determination of the Market Rent which Rent, as the case may be, within five (5) days, and such determinations shall be submitted to each other and to arbitration in accordance with the following items (i) Sections 2.3.4.1 through (vii):2.3.4.7 below.

Appears in 1 contract

Samples: Office Lease (Arbinet Thexchange Inc)

Determination of Market Rent. If Tenant timely and appropriately objects to the Market Option Rent in Tenant's Acceptance, Landlord and Tenant shall attempt to agree upon the Market Rent using their best good-faith efforts. If Landlord and Tenant fail to reach agreement within twenty-one (21) days following Tenant's Acceptance ("Outside Agreement Date"), then each party shall make a separate determination of the Market Rent which shall be submitted to each other and to arbitration in accordance with the following items (i) through (vii):

Appears in 1 contract

Samples: Standard Office Lease (Netzero Inc)

Determination of Market Rent. If In the event Tenant timely and appropriately objects or is deemed to have objected to the Market Rent in Tenant's AcceptanceRent, Landlord and Tenant shall attempt to agree upon the Market Rent using their best reasonable good-faith efforts. If Landlord and Tenant fail to reach agreement within twenty-one sixty (2160) days following Tenant's Acceptance ’s objection or deemed objection to the Landlord’s Option Rent Calculation ("the “Outside Agreement Date"), then each party shall make a separate determination of then, the Market Option Rent which shall be submitted determined by arbitration pursuant to each other and to arbitration in accordance with the following items (i) through (vii):terms of this Section 16.

Appears in 1 contract

Samples: Office Lease

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Determination of Market Rent. If Tenant timely and appropriately objects to the Market Rent in Tenant's Acceptance, Landlord and Tenant shall attempt to agree upon the Market Rent using their best good-faith efforts. If Landlord and Tenant fail to reach agreement within twenty-one (21) days following Tenant's Acceptance ("Outside Agreement DateOUTSIDE AGREEMENT DATE"), then each party shall make a separate determination of the Market Rent which shall be submitted to each other and to arbitration in accordance with the following items (i) through (vii):

Appears in 1 contract

Samples: Standard Office Lease (On Village Communications Inc)

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