Examples of Market Review Date in a sentence
If at the relevant Open Market Review Date the parties have not agreed on the Open Market Rent payable from the relevant Open Market Review Date, then either party may, at any time afterwards, require that a Surveyor determine the Open Market Rent in accordance with the terms of this schedule.
If at the relevant Open Market Review Date the review of the Basic Rent or the recovery of any increase is restricted by law, then if and when the restriction ends the Landlord may give to the Tenant notice requiring an additional Open Market Review Date on the date specified in the notice.
When the Basic Rent payable from an Open Market Review Date is ascertained, a memorandum recording it is to be signed by or on behalf of the parties.
If the Landlord chooses to review the Base Rent at any Market Review Date then this clause 3 applies.
If VicTrack gives a notice to the Tenant under clause 4.1, the rent nominated by VicTrack in the notice to the Tenant will be the Rent which the Tenant must pay from the Market Review Date, unless the Tenant gives a written notice to VicTrack within 21 days of receipt of the notice from VicTrack objecting to the market rent specified in the notice from VicTrack.