Licensee's Notice. The Licensee may within 20 Working Days of receiving the Licensor's Notice (time being of the essence) by written notice to the Licensor (“Licensee's Notice”) dispute the current market licence fee set out in the Licensor's Notice. The Licensee's Notice must state the Licensee's assessment of the current market licence fee of the Premises on that particular Rent Review Date. If the Licensee does not give a Licensee's Notice, the Licensee will be taken to have accepted the current market licence fee set out in the Licensor's Notice.
Appears in 4 contracts
Samples: Entire Agreement, at.govt.nz, at.govt.nz
