Evaluation Notice definition
Examples of Evaluation Notice in a sentence
If Company does not provide the Evaluation Notice within such 30 day period, the Company Purchase Option will expire.
Bank will provide [***] Evaluation Data as soon as reasonably practicable after receiving a request from Company, but in any event, Bank will provide [***] of the Evaluation Notice, and [***] RFP Data.
Upon the timely issuance of an Evaluation Notice, Bank will provide to Company or Potential Purchasers in accordance with this Section 10.2(c)(i): (1) the data and information described [***].
Upon delivery of such Evaluation Notice to Lessor, both Lessor and Tenant shall be bound to the Option Period and to the Market Rate as determined by the evaluation by the licensed real estate professional as hereinafter provided in paragraph (c) of this Section 2.
If Lessor and Tenant have not agreed on the Market Rate at least six (6) months prior to the expiration of the then current Lease Term, then Tenant may require evaluations by licensed real estate professionals to determine the Market Rate by delivering written notice ("Evaluation Notice") to Lessor at least six (6) months prior to the Expiration Date or at least six (6) months prior to expiration of the then current Option Period, as applicable.
If the Evaluation Notice is received by Sellers within such ten (10) day period and it indicates that Purchaser wishes to evaluate the Offered Properties, then for thirty (30) days following receipt by Sellers of the Evaluation Notice, Purchaser shall have the right to evaluate the Offered Properties (the “Evaluation Period”) and the remainder of this Section 7.7 shall apply.
In the case of any rejection, the Evaluation Notice shall state with specificity the reasons for Prime Contractor's determination.
If Discussions become necessary, page limitations may be placed on responses to Evaluation Notice (EN).
After its receipt of such Evaluation Notice, within the Response Time, Lessee shall elect either to: (A) proceed with or withdraw the proposed Lessee Change Order; or (B) proceed with further evaluation of the proposed Lessee Change Order (and in the event Lessee does not respond to Lessor within the Response Time, Lessee shall be deemed to have elected not to proceed with the requested Lessee Change Order).
Prime Contractor shall not be permitted to reject any Deliverable upon any grounds not specifically stated in the Evaluation Notice.