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 seventh (7th) business day following submission to Lessee of the plan. Lessee shall approve or disapprove on or before the twelfth (12th) 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. Any unresolved issues shall be submitted to final and binding arbitration before ▇▇▇▇▇▇ ▇▇▇▇▇.

Appears in 1 contract

Sources: Lease Agreement (Act Manufacturing Inc)

Time Periods For Approval. Lessee shall approve or disapprove any preliminary plans on or before the seventh (7th) ) business day following submission to Lessee of the plan. Lessee shall approve or disapprove on or before the twelfth (12th) 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. Any unresolved issues shall be submitted to final and binding arbitration before by ▇▇▇▇▇▇ ▇▇▇▇▇.

Appears in 1 contract

Sources: Lease Agreement (Act Manufacturing Inc)