Common use of REVIEWED RENT RESERVED IN PHASES Clause in Contracts

REVIEWED RENT RESERVED IN PHASES. The Landlord and the Tenant may, at any time before the market rent is determined by an arbitrator settle the reviewed rent in more than one amount and agree to reserve the amounts increasing in phases until the next review date or, if none, the expiry of the Term.

Appears in 2 contracts

Samples: Lease (Reynard Motorsport Inc), Lease (Reynard Motorsport Inc)

AutoNDA by SimpleDocs

REVIEWED RENT RESERVED IN PHASES. The Landlord and the Tenant may, at any time before the market rent is determined by an arbitrator expert settle the reviewed rent in more than one amount and agree to reserve the amounts increasing in phases until the next review date or, if none, the expiry of the Term.

Appears in 1 contract

Samples: Lease Agreement (Nexsan Corp)

AutoNDA by SimpleDocs

REVIEWED RENT RESERVED IN PHASES. The Landlord and the Tenant may, may at any time before the market rent is determined by an arbitrator settle the amount of the reviewed rent in more than one amount and agree to reserve the amounts increasing it in phases until the next review date or, if none, the expiry of the Termphases.

Appears in 1 contract

Samples: Lease Agreement (FleetMatics Group PLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!