Time Periods for Lessor's Review, Comment and Approval Sample Clauses

Time Periods for Lessor's Review, Comment and Approval. Lessor shall have ninety (90) Days after receipt of the Redevelopment Submittal within which to approve, disapprove or conditionally approve the Redevelopment Plan. Lessor may disapprove Xxxxxx's Redevelopment Submittal or Redevelopment Plan for any reason (whether or not arbitrary) or for no reason whatsoever. The manner in which and procedure for Lessor's notices of approval, conditional approval or disapproval of any proposed Redevelopment Plan shall be governed by the applicable provisions of Section 12.2, including Section 12.2(d). except for the time periods set forth therein or as otherwise specifically provided in this Section 12.S(c) or in Section 12.S(d). If Lessor fails to provide Lessee with notice of approval or disapproval within said 90- Day period, such failure shall be deemed to be a disapproval of the Redevelopment Plan. If Lessor disapproves of the Redevelopment Plan, Lessor, simultaneously with its notice of disapproval, may elect to terminate this Lease effective ninety (90) Days from the date of such notice of disapproval of the Redevelopment Plan; provided, however, that Lessee may elect, within thirty (30) Days following receipt of Lessor's notice of disapproval, to withdraw its Redevelopment Plan, in which event this Lease shall continue in full force and effect as if no Redevelopment Plan had been submitted by Xxxxxx.
Sample 1
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Related to Time Periods for Lessor's Review, Comment and Approval

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