Definition of Tenant's Assessment


Tenant's Assessment means "Tenant's Assessment" as defined in Exhibit B.
Sample 1

Examples of Tenant's Assessment in a sentence

If Landlord does not so accept Tenant's Assessment, then Landlord and Tenant shall, within fifteen (15) days after the expiration of such ten (10) business day period, jointly appoint an independent real estate broker or other person with at least ten (10) years' commercial real estate experience in Dallas, Texas (an "APPRAISER") to determine the Fair Market Rental.
If Tenant timely delivers to Landlord Tenant's Objection Notice in which Tenant's Assessment has been identified, Landlord shall have the right to accept Tenant's Assessment by giving Tenant written notice thereof within five (5) days after Landlord's receipt of Tenant's Objection Notice.
Tenant's Objection Notice must identify Tenant's determination of the FMV Renewal Rate ("Tenant's Assessment") to trigger the following appraisal process.
If Landlord does not so accept Tenant's Assessment, then Landlord and Tenant shall, within five (5) business days after the expiration of such five (5) day period, jointly appoint an independent real estate broker or other person with at least ten (10) years' commercial real estate experience in Orange County, California, (an "Appraiser") to determine the FMV Renewal Rate.