Common use of Time Periods For Approval Clause in Contracts

Time Periods For Approval. Lessee shall approve or disapprove any preliminary plans on or before the fifth (5th) business day following submission to Lessee of the plan. Lessee shall approve or disapprove on or before the tenth (10th) business day following submission to Lessee of any final plans. All change orders shall be approved or disapproved within three (3) business days during construction. If plans or change orders are disapproved, Lessee shall state the reason for disapproval and Lessor and Lessee shall act in good faith to resolve any issues. Lessor shall approve or disapprove any design development plans by architect RMW on or before the fifth (5th) business day following submission to Lessor of the plans. If plans are disapproved, Lessor shall state the reason for disapproval and Lessor and Lessee shall act in good faith to resolve any issues.

Appears in 2 contracts

Sources: Lease Agreement (Oni Systems Corp), Lease Agreement (Oni Systems Corp)