Basic Rent during Renewal Term. The Basic Rent for the Subject Leased Property for each Basic Rent Payment Date during (i) the first Renewal Term shall be 110% of the Basic Rent that was payable for such Subject Leased Property as described in clause (i) of the first sentence of Exhibit B to the Lease [and (ii) for each subsequent Renewal Term shall be 110% of the Basic Rent for such Subject Leased Property for the immediately preceding Renewal Term][for the Renewal Term shall be one-twelfth of the annual Fair Market Rent for such Subject Leased Property].
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Samples: Master Lease Agreement (Old National Bancorp /In/), Master Lease Agreement (Old National Bancorp /In/), Master Lease Agreement (Old National Bancorp /In/)
Basic Rent during Renewal Term. The Basic Rent for the Subject Leased Property for each Basic Rent Payment Date during (i) the first Renewal Term shall be 110% of the Basic Rent that was payable for such Subject Leased Property as described in clause (i) of the first sentence of Exhibit B to the Lease [and (ii) for each subsequent Renewal Term shall be 110% of the Basic Rent for such Subject Leased Property for the immediately preceding Renewal Term][for the Renewal Term shall be one-twelfth of the annual Fair Market Rent for such Subject Leased Property]Term.
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Basic Rent during Renewal Term. The Basic Rent for the Subject Leased Property for each Basic Rent Payment Date during (i) the first Renewal Term shall be 110% of the Basic Rent that was payable for such Subject Leased Property as described in clause (i) of the first sentence of Exhibit B to the Lease [and (ii) for each subsequent Renewal Term shall be 110% of the Basic Rent for such Subject Leased Property for the immediately preceding Renewal Term][for the ___ Renewal Term shall be one-twelfth of the annual Fair Market Rent for such Subject Leased Property].
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Basic Rent during Renewal Term. The Basic Rent for the Subject Leased Property for each Basic Rent Payment Date during (i) the first Renewal Term shall be 110% of the Basic Rent that was payable for such Subject Leased Property as described in clause (i) of the first sentence of Exhibit B to the Lease [and (ii) for each subsequent Renewal Term shall be 110% of the Basic Rent for such Subject Leased Property for the immediately preceding Renewal Term][for the _________ Renewal Term shall be one-twelfth of the annual Fair Market Rent for such Subject Leased Property].
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