Landlord’s Proposal Sample Clauses
The 'Landlord’s Proposal' clause defines the process by which a landlord can formally present terms or changes—such as rent adjustments, lease renewals, or modifications—to the tenant. Typically, this clause outlines the method and timing for delivering the proposal, and may specify how the tenant should respond, such as within a set number of days. Its core function is to establish a clear and structured communication channel for proposed changes, reducing misunderstandings and ensuring both parties are aware of their rights and obligations regarding lease modifications.
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Landlord’s Proposal. Not later than one hundred twenty (120) days after Tenant has given valid notice of exercise of the applicable Extension Option, Landlord shall deliver to Tenant a good faith written proposal of the Prevailing Market Rate for the Premises for such Extension Term. At Tenant’s request, Landlord and Tenant shall meet to discuss the basis of Landlord’s proposed Prevailing Market Rate. Within forty five (45) days after receipt of Landlord’s proposal, Tenant shall notify Landlord in writing (a) that Tenant accepts Landlord’s proposal or (b) that Tenant elects to submit the determination of Prevailing Market Rate to arbitration in accordance with Paragraph 3.
Landlord’s Proposal. Not later than one hundred eighty (180) days prior to the commencement of an Extension Term, provided Tenant has given valid notice of exercise of the applicable Extension Option, Landlord shall deliver to Tenant a good faith written proposal of the Prevailing Market Rate for the Premises for such Extension Term. Within thirty (30) days after receipt of Landlord’s proposal, Tenant shall notify Landlord in writing (a) that Tenant accepts Landlord’s proposal or (b) that Tenant elects to submit the determination of Prevailing Market Rate to arbitration in accordance with Section 2.4.6. If Tenant does not give Landlord a timely notice in response to Landlord’s proposal, Landlord’s proposal of Prevailing Market Rate for the applicable Extension Term shall be binding upon Tenant.
Landlord’s Proposal. At such time as (a) Landlord decides to lease, sublease, license or enter into any other form of occupancy agreement with respect to any Available Space, or (b) Landlord receives from a third party an offer to lease Available Space on terms and conditions acceptable to Landlord, in its sole discretion, and in either case of (a) or (b) before leasing, licensing or offering any Available Space to a third party, Landlord shall deliver to Tenant a written proposal identifying the Available Space, the term for the Available Space lease, Landlord's determination of the Fair Market Rental with respect to the applicable Available Space and the date on which Tenant may first take occupancy of said Available Space (the "LANDLORD'S PROPOSAL"). Similarly, if Landlord desires to renew or extend the lease term or occupancy rights of a tenant leasing space located within the ROFO Space, before renewing or extending such lease term or occupancy rights, Landlord shall deliver to Tenant a Landlord's Proposal for the entirety of such space. The term "OFFER SPACE" shall mean such space as is identified in the Landlord's Proposal.
Landlord’s Proposal. Not later than ninety (90) days after Landlord receives a notice of exercise, provided Tenant has given valid Notice of exercise of the applicable Extension Option, Landlord shall deliver to Tenant a good faith written proposal of the Prevailing Market Rate for the Leased Premises for such Extension Term. Within thirty (30) days after receipt of Landlord’s proposal, Tenant shall notify Landlord in writing (a) that Tenant accepts
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Landlord’s Proposal. Within sixty (60) days after Landlord's receipt ------------------- of Tenant's Expansion Notice, Landlord shall consult with Tenant concerning Tenant's specific requirements in regard to its desired expansion, and within such sixty(60)-day time period shall notify Tenant, in writing, of the non- binding, total estimated Expansion Costs which will be incurred in planning and constructing the Expansion Improvements.