7.3 SR 03-01-2021 - Laserfiche WebLink

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Plans and shall provide the other party with such additional information as may be requested in order to prepare the Preliminary Expansion Plans in a manner which will be consistent with the intended use by Tenant of the Expansion Improvements. The Preliminary Expansion Plans shall be submitted to Tenant within sixty (60) days following the Tenant's Expansion Notice for Tenant's review and approval. Tenant shall, within fifteen (15) days after receipt thereof, either approve the Preliminary Expansion Plans or disapprove the same, advising Landlord for the reason for such disapproval (and setting forth the aspects of the Preliminary Expansion Plans which are not acceptable to Tenant). In the event Tenant disapproves such Preliminary Expansion Plans, Landlord shall modify the same, taking into account the reasons given by Tenant for such disapproval, and shall submit the revised Preliminary Expansion Plans to Tenant within ten (10) days after receipt of Tenant's initial disapproval. In the event Tenant disapproves of the revised Preliminary Expansion Plans, Tenant may proceed pursuant to the terms of Section 26.4. (b) If Tenant approves the revised Preliminary Expansion Plans by written notice thereof to Landlord, Landlord will, based on the approved Preliminary Expansion Plans, cause to be prepared and delivered to Tenant within sixty (60) days, at Landlord's sole cost and expense, proposed architectural and engineering plans and specifications for the Expansion Improvements (collectively, the "Proposed Expansion Plans"). Tenant and Landlord will, in good faith, cooperate with each other in the preparation of the Proposed Expansion Plans and shall provide the other party with such additional information as may be requested in order to prepare the Proposed Expansion Plans in a manner which will be consistent with the intended use by Tenant of the Expansion Improvements. Tenant shall, within ten (10) days after receipt thereof, either approve the Proposed Expansion Plans by written notice thereof to Landlord or disapprove the same, advising Landlord of the reasons for any such disapproval (and setting forth the aspects of the Proposed Expansion Plans which are not acceptable to Tenant). In the event Tenant disapproves such Proposed Expansion Plans, Landlord shall modify the same, taking into account the reasons given by Tenant for such disapproval, and shall submit the revised Proposed Expansion Plans to Tenant within ten (10) days after receipt of Tenant's initial disapproval. In the event Tenant disapproves of the revised Proposed Expansion Plans, Tenant may proceed pursuant to the terms of Section 26.4. (c) If Tenant approves the Proposed Expansion Plans by written notice thereof to Landlord, the Proposed Expansion Plans, as so approved by Tenant, shall become the "Final Expansion Plans". With Final Expansion Plans, Landlord shall thereafter (i) cause the Expansion Improvements as set forth on the Final Expansion Plans to be competitively bid to at least three (3) licensed and bonded general contractors (the "Competitive Bids"), and (ii) use commercially reasonable efforts to obtain (or cause the general contractor to obtain) approval of the Final Expansion Plans by all governmental authorities having jurisdiction, including any required permits. Promptly following Landlord's receipt of such Competitive Bids, Landlord shall provide copies of the same to Tenant for Tenant's review and approval. In the event Tenant does not approve of the Competitive Bids, Tenant may proceed pursuant to the terms of Section 26A. (d) If Tenant approves of the Competitive Bids by written notice thereof to Landlord, Landlord and Tenant shall proceed to calculate and determine Monthly Rent for the Expansion Area by using a mutually agreed upon formula based on the then -applicable Monthly Rent under 42