Tenant definition
Examples of Tenant in a sentence
If Tenant does not so notify Landlord, Tenant shall be deemed to have revoked its exercise of the Extension Option only if Tenant fails to respond within five (5) business days after receipt of a second written notification from Landlord.
Any subsequent changes to the name and/or logo of Tenant on such signage, which must be approved in writing in advance by Landlord, shall be provided and installed by Landlord at Tenant’s sole cost and expense.
The obligations of Tenant under this Article shall survive any expiration or termination of this Lease.
Landlord shall propose to Tenant the Market Base Rental Rate within fifteen (15) days following the date of Tenant’s notice electing to extend the Lease Term for the Option Term.
If Landlord and Tenant are unable to agree upon the Market Base Rental Rate prior to the date which is thirty (30) days after Tenant provides to Landlord Tenant’s notice electing to extend the Lease Term for the Option Term (the “Market Rate Negotiation Period”), Tenant shall have the right, upon notice sent to Landlord within ten (10) days thereafter, either to (i) revoke its exercise of the Extension Option; or (ii) require that the Market Base Rental Rate be determined by an appraisal.