Common use of Objection to Option Rent Clause in Contracts

Objection to Option Rent. If Tenant wishes to contest the Option Rent stated in the Option Rent Notice, Tenant must provide, with the Exercise Notice, written notice to Landlord that Tenant objects to the stated Option Rent. If Tenant provides such written objection, the parties shall follow the procedure described in Section 25.2, and the Option Rent shall be determined as set forth in that Section.

Appears in 2 contracts

Samples: Office Lease (National Insurance Group /Ca/), Office Lease (National Information Group)

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Objection to Option Rent. If Tenant wishes to contest the Option Rent or the Security Deposit stated in the Option Rent and Security Deposit Notice, Tenant must provide, with the Exercise Notice, written notice to Landlord that Tenant objects to the stated Option RentRent and/or Security Deposit. If Tenant provides such written objection, the parties shall follow the procedure described in Section 25.2Article 26, and the Option Rent and/or Security Deposit shall be determined as set forth in that Sectionsection.

Appears in 1 contract

Samples: Office Lease (Quokka Sports Inc)

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Objection to Option Rent. If Tenant wishes to contest the Option Rent stated in the Option Rent Notice, Tenant must provide, with the Exercise Notice, written notice to Landlord that Tenant objects to the stated Option Rent. If Tenant provides such written objection, the parties shall follow the procedure described in Section 25.2, and the Option Rent shall be determined as set forth in that Section4.5.3.4.1.

Appears in 1 contract

Samples: Lease Agreement (Starent Networks, Corp.)

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