Common use of Procedures for Determining Prevailing Market Rate Clause in Contracts

Procedures for Determining Prevailing Market Rate. (i) If Tenant timely exercises the Option, Landlord shall deliver to Tenant a good faith written proposal of the “Prevailing Market Rate” (as hereinafter defined) for the Premises for the Extension Term. Within thirty (30) days after receipt of Landlord’s proposal, Tenant shall notify Landlord in writing that (A) Tenant accepts Landlord’s proposal or (B) Tenant rejects Landlord’s proposal. If Tenant does not give Landlord a timely notice in response to Landlord’s proposal, Landlord’s proposal of the Prevailing Market Rate for the Extension Term shall be deemed accepted by Tenant.

Procedures for Determining Prevailing Market Rate. (i) If Tenant timely exercises the Extension Option, not later than six (6) months prior to the commencement of the Extended Term, Landlord shall deliver to Tenant a good faith written proposal of the “Prevailing Market Rate” Rate (as hereinafter defineddefined below) for the Premises for the Extension Extended Term. Within thirty (30) days after receipt of Landlord’s 's proposal, Tenant shall notify Landlord in writing that (Ai) Tenant accepts Landlord’s 's proposal or (Bii) Tenant rejects Landlord’s 's proposal. If Tenant does not give Landlord a timely notice in response to Landlord’s 's proposal, Landlord’s 's proposal of the Prevailing Market Rate for the Extension Extended Term shall be deemed accepted by Tenant.

Procedures for Determining Prevailing Market Rate. (i) If Tenant timely exercises the Extension Option, not later than [six (6)] months prior to the commencement of the Extension Term, Landlord shall deliver to Tenant a good faith written proposal of the “Prevailing Market Rate” (as hereinafter defined) Rate for the Premises for the Extension Term. Within thirty (30) days after receipt of Landlord’s proposal, Tenant shall notify Landlord in writing that (A) Tenant accepts Landlord’s proposal or (B) Tenant rejects Landlord’s proposal. If Tenant does not give Landlord a timely notice in response to Landlord’s proposal, Landlord’s proposal of the Prevailing Market Rate for the Extension Term shall be deemed accepted rejected by Tenant.

Procedures for Determining Prevailing Market Rate. (i) If Tenant timely exercises the Extension Option, not later than six (6) months prior to the commencement of the Extension Term, Landlord shall deliver to Tenant a good faith written proposal of the “Prevailing Market Rate” (as hereinafter defined) Rate for the Premises for the Extension Term. Within thirty (30) days after receipt of Landlord’s proposal, Tenant shall notify Landlord in writing that (A) Tenant accepts Landlord’s proposal or (B) Tenant rejects Landlord’s proposal. If Tenant does not give Landlord a timely notice in response to Landlord’s proposal, Landlord’s proposal of the Prevailing Market Rate for the Extension Term shall be deemed accepted rejected by Tenant.

Procedures for Determining Prevailing Market Rate. (i) If Tenant timely exercises the Extension Option, not later than thirty (30) days after Landlord’s receipt of the Extension Notice, Landlord shall deliver to Tenant a good faith written proposal of the “Prevailing Market Rate” (as hereinafter defined) Rate for the Premises for the Extension Term. Within thirty ten (3010) business days after receipt of Landlord’s proposal, Tenant shall notify Landlord in writing that (Ai) Tenant accepts Landlord’s proposal or (Bii) Tenant rejects Landlord’s proposal. If Tenant does not give Landlord a timely notice in response to Landlord’s proposal, Landlord’s proposal of the Prevailing Market Rate for the Extension Term shall be deemed accepted by Tenant.

Procedures for Determining Prevailing Market Rate. (i) If Tenant timely exercises the Extension Option, not later than thirty (30) days after Tenant’s Extension Notice, Landlord shall deliver to Tenant a good faith written proposal of the “Prevailing Market Rate (for purposes of determining ninety-five percent (95%) of the Prevailing Market Rate” (as hereinafter defined) for the Premises for the Extension Term. Within thirty (30) days after receipt of Landlord’s proposal, Tenant shall notify Landlord in writing that (A) Tenant accepts Landlord’s proposal or (B) Tenant rejects Landlord’s proposal. If Tenant does not give Landlord a timely notice in response to Landlord’s proposal, and Tenant further fails to respond within ten (10) days after an additional ten (10) days’ notice from Landlord to Tenant, Landlord’s proposal of the Prevailing Market Rate for the Extension Term shall be deemed accepted by Tenant.