Common use of Challenge Clause in Contracts

Challenge. Lessee may give Lessor notice, within thirty (30) days of the notice of rental adjustment, challenging Lessor’s figures. If any such challenge is not made within thirty (30) days, Lessee’s challenge to the figures presented by Lessor shall be deemed waived. The challenge shall be restricted to Lessor’s calculations of increases relating to Lessee and, if not resolved by the parties, will be referred to arbitration as described in Paragraph 23.

Challenge. Lessee may give Lessor notice, within thirty (30) days of the notice of rental adjustment, challenging Lessor▇▇▇▇▇▇’s figures. If any such challenge is not made within thirty (30) days, Lessee▇▇▇▇▇▇’s challenge to the figures presented by Lessor ▇▇▇▇▇▇ shall be deemed waived. The challenge shall be restricted to Lessor’s calculations of increases relating to Lessee and, if not resolved by the parties, will be referred to arbitration as described in Paragraph 23.