Common use of Impartial Appraisal Clause in Contracts

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.

Appears in 10 contracts

Samples: Office Lease (Terns Pharmaceuticals, Inc.), Office Lease, Office Lease (Quotient Technology Inc.)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Acceptance Agreement (IDEAYA Biosciences, Inc.)

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.

Appears in 1 contract

Samples: Office And (Aquantia Corp)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Office Lease (Biotie Therapies Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.