Notice and Acceptance of Terms Sample Clauses

Notice and Acceptance of Terms. In the event Tenant timely exercises Tenant’s First Option to Extend as set forth herein, Landlord shall, within fifteen (15) days after receipt of Tenant’s exercise of option, advise Tenant of the Revised Terms and Conditions, Basic Rent and Security Deposit (however, in no event shall the required Security Deposit be less than the Security Deposit required in Lease Paragraph 4.G (“Rent: Security Deposit”)) required for the First Extended Term of the Lease, with the Basic Rent rate for the First Extended Term being the greater of (i) the monthly Basic Rent rate due for the last month of the initial Lease Term or (ii) the then current market Basic Rent Rate, as determined by Landlord, for a comparable Term and for comparable buildings in Fremont, California (the “Market Basic Rent Rate”). Tenant shall have ten (10) business days after receipt from the Landlord of said Revised Terms and Conditions Basic Rent and Security Deposit in which to (i) accept said Revised Terms and Conditions, Basic Rent and Security Deposit and enter into written documentation confirming same or to (ii) challenge Landlord’s Market Basic Rent Rate by giving written notice of said challenge to Landlord (“Tenant’s Challenge”). In the event Tenant fails to (i) execute said written documentation confirming said Revised Terms and Conditions, Basic Rent and Security Deposit for the First Extended Term of Lease or (ii) challenge Landlord’s Market Basic Rent Rate within said ten (10) business day period, Tenant shall have no further Option to Extend this Lease, and this Lease shall continue in full force and effect for the full remaining Term hereof absent this Paragraph 46.A and Paragraph 46.B, with Landlord having no further responsibility or obligation to Tenant with respect to Tenant’s Option to Extend. In the event Tenant challenges Landlord’s Market Basic Rent Rate, Landlord and Tenant shall attempt to agree upon the Market Basic Rent Rate using their best good-faith efforts. If Landlord and Tenant fail to reach agreement within ten (10) business days of Tenant’s Challenge notice (the “Outside Agreement Date”), then each party shall make a separate determination of the Market Basic Rent Rate which shall be submitted to each other and to arbitration in accordance with the following items (i) through (vii):
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Notice and Acceptance of Terms. In the event Tenant timely exercises Tenant’s Option to Extend as set forth herein, Landlord shall, within fifteen (15) days after receipt of Tenant’s exercise of its Option to Extend, advise Tenant of the terms and conditions, Basic Rent (in no event shall the Basic Rent Initial: MMK BUILDING: 1098 Alta PROPERTY: 1-0001
Sample 1
Notice and Acceptance of Terms. In the event Tenant timely exercises Tenant’s Option to Extend as set forth herein, Landlord shall, within ten (10) business days after receipt of Tenant’s exercise of its Option to Extend, advise Tenant of the Basic Rent required for the Extended Term of the Lease. Said Basic Rent shall be equal to the then current market per square foot rate for similar quality buildings in the vicinity of the Premises of equivalent quality, size, utility and location (the “Market Basic Rent Rate”). Tenant shall have ten (10) business days after receipt from Landlord of the proposed Basic Rent in which to reject said proposed Basic Rent. Tenant’s failure to timely reject the proposed Basic Rent shall be deemed as Tenant’s acceptance of such proposed Basic Rent and Tenant shall enter into written documentation confirming same. If Tenant timely rejects the proposed Basic Rent, then Landlord and Tenant shall then negotiate in good faith to agree to the Basic Rent for a period of five (5) business days following such rejection notice from Tenant. In the event Landlord and Tenant fail to agree to the Basic Rent within such five (5) business day period (the “Outside Agreement Date”), then Landlord and Tenant shall each make a separate determination of the Market Basic Rent Rate which shall be submitted to each other and to arbitration in accordance with the following items (i) through (vii): Initial: JDK
Sample 1
Notice and Acceptance of Terms. Landlord agrees that (i) in the event Landlord receives an offer from a third party to purchase or (ii) if Landlord desires to make an offer to sell said First Refusal Property, at a purchase price and upon terms and conditions which are satisfactory and acceptable to Landlord and providing Landlord is willing to sell said First Refusal Property, Landlord shall offer said First Refusal Property to Tenant and advise Tenant of the purchase price, the deposit, the financing terms, if any, closing cost allocations, projected date of close of escrow (collectively, “Basic Conditions”) for said First Refusal Property (“Landlord’s First Right Notice”). Tenant shall have ten (10) business days after receipt of Landlord’s First Right Notice to accept said Basic Conditions in writing. In the event (i) Tenant rejects or fails to accept said Basic Conditions set forth in the Landlord’s First Right Notice within said ten (10) business day period, or (ii) if Tenant accepts said Basic Conditions but fails to execute a purchase agreement for said First Refusal Property at the Basic Conditions so presented in Landlord’s First Right Notice, within thirty (30) days following Tenant’s acceptance of said Basic Conditions, said Right of First Refusal to Purchase shall thereafter be null and void.
Sample 1
Notice and Acceptance of Terms. In the event Tenant timely exercises Tenant’s Option to Extend as set forth herein and provided Landlord does not elect to rescind said Option to Extend, Landlord shall, within fifteen (15) days after receipt of Tenant’s exercise of its Option to Extend, advise Tenant of the terms and conditions and Security Deposit required for the Extended Term of the Lease. The Basic Rent during the Extended Term would commence at $2.46 per square foot per month on March 1, 2019 and said per square foot rate will increase by three percent (3%) on March 1, 2020. Tenant shall have five (5) days after receipt from Landlord of said new terms and conditions and Security Deposit in which to accept said new Security Deposit and terms and conditions and enter into written documentation confirming same. In the event Tenant fails to execute said written documentation confirming said new terms and conditions and Security Deposit for the Extended Term of the Lease within said five (5) day period, Tenant shall have no further Option to Extend this Lease, and this Lease shall continue in full Multi Tenant/Single Parcel Page 37 of 43 BUILDING: Ardenwood I-4 PROPERTY: 1-0514 UNIT: 1 LEASE ID: 0514-WAFE01-01 force and effect for the full remaining Term hereof absent of this Paragraph 48, with Landlord having no further responsibility or obligation to Tenant with respect to Tenant’s Option to Extend.
Sample 1

Related to Notice and Acceptance of Terms

  • Acceptance of Terms of Trust Agreement, Guarantee and Indenture. THE RECEIPT AND ACCEPTANCE OF A TRUST SECURITY OR ANY INTEREST THEREIN BY OR ON BEHALF OF A SECURITYHOLDER OR ANY BENEFICIAL OWNER, WITHOUT ANY SIGNATURE OR FURTHER MANIFESTATION OF ASSENT, SHALL CONSTITUTE THE UNCONDITIONAL ACCEPTANCE BY THE SECURITYHOLDER AND ALL OTHERS HAVING A BENEFICIAL INTEREST IN SUCH TRUST SECURITY OF ALL THE TERMS AND PROVISIONS OF THIS TRUST AGREEMENT AND AGREEMENT TO THE SUBORDINATION PROVISIONS AND OTHER TERMS OF THE GUARANTEE AND THE INDENTURE, AND SHALL CONSTITUTE THE AGREEMENT OF THE TRUST, SUCH SECURITYHOLDER AND SUCH OTHERS THAT THE TERMS AND PROVISIONS OF THIS TRUST AGREEMENT SHALL BE BINDING, OPERATIVE AND EFFECTIVE AS BETWEEN THE TRUST AND SUCH SECURITYHOLDER AND SUCH OTHERS.

  • Assignment and Acceptance; Notes The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $4,500 ($7,500 for any Defaulting Lender) for each assignment (which fee the Administrative Agent may, in its sole discretion, elect to waive), and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. If requested by the transferor Lender or the assignee, upon the consummation of any assignment, the transferor Lender, the Administrative Agent and the Borrower shall make appropriate arrangements so that new Notes are issued to the assignee and such transferor Lender, as appropriate.

  • Delivery and Acceptance 4.1 Developer shall submit to Publisher a Version of the Product at each Milestone for approval. Publisher shall (acting reasonably) review the submission for compliance with the relevant parts of the Specification at that Milestone and for Publisher’s continued awareness as to the Product status.

  • Assignment and Acceptance The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

  • Appointment of and Acceptance by NCPS Issuer and Broker hereby appoint NCPS to serve as Escrow Agent hereunder, and NCPS hereby accepts such appointment in accordance with the terms of this Escrow Agreement.

  • Inspection and Acceptance a. The Contracting Officer or the duly authorized representative will perform inspection and acceptance of materials and services to be provided.

  • Employment and Acceptance During the Term (as defined in Section 1.2), the Company shall employ the Executive, and the Executive shall accept such employment and serve the Company, in each case, subject to the terms and conditions of this Agreement.

  • Acceptance of Terms and Conditions By electronically accepting this Award Agreement within 30 days after the date of the electronic mail notification by the Company to Grantee of the grant of this Award (“Email Notification Date”), Grantee agrees to be bound by the foregoing terms and conditions, the Plan, and any and all rules and regulations established by Motorola Mobility in connection with the assumption and substitution of the Award. If Grantee does not electronically accept this Award within 30 days of the Email Notification Date, Grantee will not be entitled to the Units.

  • Acceptance and Assumption Assignee hereby accepts the foregoing assignment and further hereby assumes and agrees to perform, from and after January 1, 2002, all duties, obligations and responsibilities of the property manager arising under the Agreement.

  • Appointment and Acceptance The Trust hereby appoints the Distributor as a distributor of shares of beneficial interest in the Trust (the “shares”) which may from time to time be registered under the 1933 Act and as servicing agent of shareholders and shareholder accounts of the Trust, and the Distributor hereby accepts such appointment in accordance with the terms and conditions set forth herein. As the Trust’s agent, the Distributor shall, except to the extent provided in Section 4 hereof, be the exclusive distributor for the unsold portion of the shares.

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