Common use of Disapproval by Landlord Clause in Contracts

Disapproval by Landlord. Landlord reserves the right ----------------------- to reject any proposed assignee where the matters specified in 5.4.3, 5.4.4, 5.4.5 or 5.4.6 above indicate that the presence of assignee would not be in the public interest or would adversely affect the financial viability of the Project. Landlord shall either approve or disapprove any proposed assignee within fifteen (15) days after receipt by Landlord of a request to do so. Failure of Landlord to act within said fifteen (15) days shall constitute approval. If Landlord does not approve any proposed assignee, Landlord shall state in writing the reasons for such disapproval. Developer shall have the right to challenge the validity of such disapproval. No damages shall be payable to Developer in any action arising from such disapproval unless Landlord shall have acted unreasonably or in bad faith or with actual malice.

Appears in 2 contracts

Samples: Lease Agreement (Kilroy Realty Corp), Lease Agreement (Kilroy Realty Corp)

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Disapproval by Landlord. Landlord reserves the right ----------------------- to reject ----------------------- any proposed assignee sublessee where the matters specified in 5.4.35.7.2.3, 5.4.45.7.2.4, 5.4.5 5.7.2.5 or 5.4.6 5.7.2.6 above indicate that the presence of assignee sublessee would not be in the public interest or would adversely affect the financial viability of the Project. Landlord shall either approve or disapprove any proposed assignee sublessee within fifteen (15) days after receipt by Landlord of a request to do so. Failure of Landlord to act within said fifteen (15) days shall constitute approval. If Landlord does not approve any proposed assigneesublessee, Landlord it shall state in writing the reasons for such disapproval. Developer shall have the right to challenge the validity of contest such disapproval. No damages shall be payable to Developer in any action arising from challenging such disapproval unless Landlord shall have acted unreasonably or unreasonably, in bad faith or with actual malice.

Appears in 1 contract

Samples: Lease Agreement (Kilroy Realty Corp)

Disapproval by Landlord. Landlord reserves the right ----------------------- to reject any proposed assignee sublessee where the matters specified in 5.4.35.7.2.3, 5.4.45.7.2.4, 5.4.5 5.7.2.5 or 5.4.6 5.7.2.6 above indicate that the presence of assignee sublessee would not be in the public interest or would adversely affect the financial viability of the Project. Landlord shall either approve or disapprove any proposed assignee sublessee within fifteen (15) days after receipt by Landlord of a request to do so. Failure of Landlord to act within said fifteen (15) days shall constitute approval. If Landlord does not approve any proposed assigneesublessee, Landlord it shall state in writing the reasons for such disapproval. Developer shall have the right to challenge the validity of contest such disapproval. No damages shall be payable to Developer in any action arising from challenging such disapproval unless Landlord shall have acted unreasonably or unreasonably, in bad faith or with actual malice.

Appears in 1 contract

Samples: Lease Agreement (Kilroy Realty Corp)

Disapproval by Landlord. Landlord reserves the right to ----------------------- to reject any proposed assignee sublessee where the matters specified in 5.4.35.7.2.3, 5.4.45.7.2.4, 5.4.5 5.7.2.5 or 5.4.6 5.7.2.6 above indicate that the presence of assignee sublessee would not be in the public interest or would adversely affect the financial viability of the Project. Landlord shall either approve or disapprove any proposed assignee sublessee within fifteen (15) days after receipt by Landlord of a request to do so. Failure of Landlord to act within said fifteen (15) days shall constitute approval. If Landlord does not approve any proposed assigneesublessee, Landlord it shall state in writing the reasons for such disapproval. Developer shall have the right to challenge the validity of contest such disapproval. No damages shall be payable to Developer in any action arising from challenging such disapproval unless Landlord shall have acted unreasonably or unreasonably, in bad faith or with actual malice.

Appears in 1 contract

Samples: Lease Agreement (Kilroy Realty Corp)

Disapproval by Landlord. Landlord reserves the right to ----------------------- to reject any proposed assignee where the matters specified in 5.4.3, 5.4.4, 5.4.5 or 5.4.6 above indicate that the presence of assignee would not be in the public interest or would adversely affect the financial viability of the Project. Landlord shall either approve or disapprove any proposed assignee within fifteen (15) days after receipt by Landlord of a request to do so. Failure of Landlord to act within said fifteen (15) days shall constitute approval. If Landlord does not approve any proposed assignee, Landlord shall state in writing the reasons for such disapproval. Developer shall have the right to challenge the validity of such disapproval. No damages shall be payable to Developer in any action arising from such disapproval unless Landlord shall have acted unreasonably or in bad faith or with actual malice.

Appears in 1 contract

Samples: Lease Agreement (Kilroy Realty Corp)

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Disapproval by Landlord. Landlord reserves the ----------------------- right ----------------------- to reject any proposed assignee sublessee where the matters specified in 5.4.35.7.2.3, 5.4.45.7.2.4, 5.4.5 5.7.2.5 or 5.4.6 5.7.2.6 above indicate that the presence of assignee sublessee would not be in the public interest or would adversely affect the financial viability of the Project. Landlord shall either approve or disapprove any proposed assignee sublessee within fifteen (15) days after receipt by Landlord of a request to do so. Failure of Landlord to act within said fifteen (15) days shall constitute approval. If Landlord does not approve any proposed assigneesublessee, Landlord it shall state in writing the reasons for such disapproval. Developer shall have the right to challenge the validity of contest such disapproval. No damages shall be payable to Developer in any action arising from challenging such disapproval unless Landlord shall have acted unreasonably or unreasonably, in bad faith or with actual malice.

Appears in 1 contract

Samples: Lease Agreement (Kilroy Realty Corp)

Disapproval by Landlord. Landlord reserves the ----------------------- right ----------------------- to reject any proposed assignee where the matters specified in 5.4.3, 5.4.4, 5.4.5 or 5.4.6 above indicate that the presence of assignee would not be in the public interest or would adversely affect the financial viability of the Project. Landlord shall either approve or disapprove any proposed assignee within fifteen (15) days after receipt by Landlord of a request to do so. Failure of Landlord to act within said fifteen (15) days shall constitute approval. If Landlord does not approve any proposed assignee, Landlord shall state in writing the reasons for such disapproval. Developer shall have the right to challenge the validity of such disapproval. No damages shall be payable to Developer in any action arising from such disapproval unless Landlord shall have acted unreasonably or in bad faith or with actual malice.. 46

Appears in 1 contract

Samples: Lease Agreement (Kilroy Realty Corp)

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