Common use of Tenant’s Approval Process Clause in Contracts

Tenant’s Approval Process. Within 5 business days after Tenant’s receipt of a TEA from Landlord, Tenant shall notify Landlord in writing as to whether Tenant approves or disapproves of such TEA, which approval shall not be unreasonably withheld, conditioned, or delayed. If Tenant disapproves of a TEA: (i) Tenant shall provide Landlord with a reasonably detailed written statement setting forth the reason(s) for such disapproval; (ii) Landlord and Tenant shall work together in good faith to promptly resolve any open issues; (iii) Landlord shall promptly have the TEA revised and resubmitted to Tenant for Tenant’s approval; and (iv) this process shall continue until Tenant approval is given, except that Tenant shall approve or disapprove any revisions within 2 business days after Tenant’s receipt thereof. Tenant’s disapproval of a TEA shall be deemed unreasonable if the TEA is substantially based on the CD’s. If Tenant fails to timely deliver to Landlord Tenant’s written, reasonable disapproval, Tenant shall be deemed to have given its approval, and Landlord shall be authorized (but not required) to proceed thereon.

Appears in 3 contracts

Samples: Lease (Passage BIO, Inc.), Lease (Passage BIO, Inc.), Passage BIO, Inc.

AutoNDA by SimpleDocs

Tenant’s Approval Process. Within 5 business days after Tenant’s ’ s receipt of a TEA the Proposed CD’ s from Landlord, Tenant shall notify Landlord in writing as to whether Tenant approves or disapproves of such TEAProposed CD’ s (as applicable), which approval shall not be unreasonably withheld, conditioned, or delayed. It shall be deemed unreasonable for Tenant to condition its consent on changes to the Proposed CD’ s that increase the scope of work or cost associated therewith beyond what is in Exhibit C-l. If Tenant disapproves of a TEAsuch Proposed CD’ s or any aspect thereof: (i) Tenant shall provide Landlord with a reasonably detailed written statement setting forth the reason(s) for such disapproval; (ii) Landlord and Tenant shall work together in good faith to promptly resolve any open issues; (iii) Landlord shall promptly have the TEA Proposed CD’ s (as applicable) revised and resubmitted to Tenant for Tenant’s ’ s approval; and (iv) this process shall continue until Tenant approval is given, except that Tenant shall approve or disapprove any revisions within 2 business days after Tenant’s ’ s receipt thereof. Tenant’s disapproval of a TEA shall be deemed unreasonable , and if the TEA is substantially based on the CD’s. If Tenant fails to timely deliver to Landlord Tenant’s written, reasonable ’ s written disapproval, Tenant shall be deemed to have given its approval, and Landlord shall be authorized (but not required) to proceed thereon.

Appears in 1 contract

Samples: Lease (Paratek Pharmaceuticals, Inc.)

Tenant’s Approval Process. Within 5 business days after Tenant’s receipt of a TEA from LandlordTEA, Tenant shall notify Landlord in writing as to whether Tenant approves or disapproves of such TEA, which approval shall not be unreasonably withheld, conditioned, or delayed. If Tenant disapproves of a TEATEA any aspect thereof: (i) Tenant shall provide Landlord with a reasonably detailed written statement setting forth the reason(s) for such disapproval; (ii) Landlord and Tenant shall work together in good faith to promptly resolve any open issues; (iii) Landlord shall promptly have the TEA revised and resubmitted to Tenant for Tenant’s approval; and (iv) this process shall continue until Tenant approval is given, except that Tenant shall approve or disapprove any revisions within 2 3 business days after Tenant’s receipt thereof. Tenant’s disapproval of a TEA shall be deemed unreasonable , and if the TEA is substantially based on the CD’s. If Tenant fails to timely deliver to Landlord Tenant’s written, reasonable written disapproval, Tenant shall be deemed to have given its approval, and Landlord shall be authorized (but not required) to proceed thereon.

Appears in 1 contract

Samples: Lease (Sailpoint Technologies Holdings, Inc.)

Tenant’s Approval Process. Within 5 7 business days after Tenant’s receipt of a TEA from Landlord, Tenant shall notify Landlord in writing as to whether Tenant approves or disapproves of such TEA, which approval shall not be unreasonably withheld, conditioned, or delayed. If Tenant disapproves of a TEA: (i) Tenant shall provide Landlord with a reasonably detailed written statement setting forth the reason(s) for such disapproval; (ii) Landlord and Tenant shall work together in good faith to promptly resolve any open issues; (iii) Landlord shall promptly have the TEA revised and resubmitted to Tenant for Tenant’s approval; and (iv) this process shall continue until Tenant approval is given, except that Tenant shall approve or disapprove any revisions within 2 business days after Tenant’s receipt thereof. Tenant’s disapproval of a TEA shall be deemed unreasonable if the TEA is substantially based on the CD’s. If Tenant fails to timely deliver to Landlord Tenant’s written, reasonable disapproval, Tenant shall be deemed to have given its approval, and Landlord shall be authorized (but not required) to proceed thereon.

Appears in 1 contract

Samples: Lease (Pennsylvania Real Estate Investment Trust)

AutoNDA by SimpleDocs

Tenant’s Approval Process. Within 5 business days after Tenant’s Tenaxx’ x receipt of a TEA the Proposed CD’ s from Landlord, Tenant shall notify Landlord in writing as to whether Tenant approves or disapproves of such TEAProposed CD’ s (as applicable), which approval shall not be unreasonably withheld, conditioned, or delayed. It shall be deemed unreasonable for Tenant to condition its consent on changes to the Proposed CD’ s that increase the scope of work or cost associated therewith beyond what is in Exhibit C-l. If Tenant disapproves of a TEAsuch Proposed CD’ s or any aspect thereof: (i) Tenant shall provide Landlord with a reasonably detailed written statement setting forth the reason(s) for such disapproval; (ii) Landlord and Tenant shall work together in good faith to promptly resolve any open issues; (iii) Landlord shall promptly have the TEA Proposed CD’ s (as applicable) revised and resubmitted to Tenant for Tenant’s ’ s approval; and (iv) this process shall continue until Tenant approval is given, except that Tenant shall approve or disapprove any revisions within 2 business days after Tenant’s Tenaxx’ x receipt thereof. Tenant’s disapproval of a TEA shall be deemed unreasonable , and if the TEA is substantially based on the CD’s. If Tenant fails to timely deliver to Landlord Tenant’s written, reasonable Tenaxx’ x written disapproval, Tenant shall be deemed to have given its approval, and Landlord shall be authorized (but not required) to proceed thereon.

Appears in 1 contract

Samples: Confirmation of Lease (Paratek Pharmaceuticals, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.