Impartial Appraisal. Within thirty (30) days after its appointment, the third broker (the “Third Party”), shall render its written opinion by selecting the Fair Market Rent made Landlord’s or Tenant’s broker to be the Fair Market Rent for the Extension Period. The Third Party may not offer any different opinion or recommendation of Fair Market Rent. The Fair Market Rent determined in accordance with the foregoing procedure shall be binding on the parties.
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Samples: Office Lease (Terns Pharmaceuticals, Inc.), Office Lease, Office Lease (Quotient Technology Inc.)
Impartial Appraisal. Within thirty (30) days after its appointment, the third broker (the “Third Party”), shall render its written opinion by selecting either the Fair Market Rent determination made by Landlord’s broker or by Tenant’s broker to be the Fair Market Rent for the Extension Periodbroker. The Third Party may not offer any different opinion or recommendation of Fair Market Rent. The Fair Market Rent determined in accordance with the foregoing procedure shall be binding on the parties.
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Impartial Appraisal. Within thirty (30) 30 days after its appointment, the third broker (the “Third Party”), shall render its written opinion by selecting preparing an appraisal of the Fair Market Rent made Landlord’s or Tenant’s broker to Rent. This third appraisal shall be averaged with the closest of the first two appraisals and that shall be the Fair Market Rent for the Extension Period. The Third Party may not offer any different opinion or recommendation of Fair Market Rent. The Fair Market Rent determined in accordance with the foregoing procedure shall be binding on the parties.
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Samples: Office and R&d Lease (Aquantia Corp)
Impartial Appraisal. Within thirty (30) days after its appointment, the third broker (the “Third Party”), shall render its written opinion by selecting the Fair Market Rent made by Landlord’s or Tenant’s broker to be the Fair Market Rent for the Extension Period. The Third Party may not offer any different opinion or recommendation of Fair Market Rent. The Fair Market Rent determined in accordance with the foregoing procedure shall be binding on the parties.
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