Calculation of Base Rent. The Base Rent will be increased on the first day of the Extension to the fair rental value of the Leased Premises (the "Fair Rental Value"), determined in the following manner:
(a) The Fair Rental Value shall be the value agreed on by Landlord and Tenant prior to the date the Extension Option is required to be exercised, if Landlord and Tenant are able to agree.
(b) If Landlord and Tenant have not been able to agree on the Fair Rental Value prior to the date the Extension Option is required to be exercised, the Base Rent for the Extension shall be determined in accordance with this subparagraph (b). Within fifteen (15) days following the exercise of the Extension Option, Landlord and Tenant each shall appoint one appraiser. Within ten (10) days after the two appraisers are appointed, they will appoint a third appraiser. If either Landlord or Tenant fails to appoint its appraiser within the prescribed time period, the single appraiser appointed will determine the Fair Rental Value of the Leased Premises in accordance with Section 2(c) below and such other standards used by qualified appraisers in the Dallas-Fort Worth area as may be appropriate. If the two appointed appraisers fail to agree on the third appraiser, the third appraiser will be appointed by the then president of the Greater Dallas Board of Realtors, and all three appraisers will determine the Fair Rental Value of the Leased Premises in accordance with Section 2(c) below and such other standards used by qualified appraisers in the Dallas-Fort Worth area as may be appropriate. Each party will bear the cost of the appraiser appointed by it and the parties will share equally the cost of the third appraiser. All appraisers will be qualified to determine the Fair Rental Value of the Leased Premises.
Calculation of Base Rent. Payments of Base Rent shall be calculated as follows:
(i) Amount Payable for Base Rent Periods BEFORE the Base Rent Commencement Date (All Buildings). The Base Rent for any Base Rent Period that ends on or prior to the Base Rent Commencement Date (All Buildings) shall equal the sum of (1) the Base Rent (Existing Buildings) accruing for such period, (2) any Base Rent (Building 6) accruing for such period, (3) any Base Rent (Building 7) accruing for such period, (4) any Base Rent (Building 8) accruing for such period, and (5) any additional Base Rent required by subparagraph 3.(c)(ii). For any Base Rent Period ending on or before the Base Rent Commencement Date (All Buildings) the Base Rent (Existing Buildings) shall equal: - the Stipulated Loss Value (Existing Buildings) on the first day of such Base Rent Period, times - a rate equal to the Secured Spread, plus the Effective Rate for such Base Rent Period, times - a fraction, the numerator of which is the number of days in such Base Rent Period and the denominator of which is three hundred sixty. No Base Rent (Building 6) will accrue for any Base Rent Period that ends on or prior to the Base Rent Commencement Date (Building 6), but thereafter for any Base Rent Period ending on or before the Base Rent Commencement Date (All Buildings) the Base Rent (Building 6) shall equal: - the Stipulated Loss Value (Building 6) on the first day of such Base Rent Period, times - a rate equal to the Secured Spread, plus the Effective Rate for such Base Rent Period, times - a fraction, the numerator of which is the number of days in such Base Rent Period and the denominator of which is three hundred sixty. No Base Rent (Building 7) will accrue for any Base Rent Period that ends on or prior to the Base Rent Commencement Date (Building 7), but thereafter for any Base Rent Period ending on or before the Base Rent Commencement Date (All Buildings) the Base Rent (Building 7) shall equal:
Calculation of Base Rent. Subject to proration as set forth above, Tenant shall pay Base Rent during each Lease Year of this Agreement in the amounts set forth on Schedule 3.1.1(b) attached hereto and made a part hereof.
Calculation of Base Rent. The Base Rent each year shall be based on the Landlord’s actual annual debt service related to the following costs:
Calculation of Base Rent. Lessee shall pay Base Rent to Lessor in an annual amount equal to the “Applicable Rate,” as set forth in the table below, multiplied by the Lease Basis.
Calculation of Base Rent. Tenant agrees to pay the: (i) annual Base Rent for the Leased Premises based on the base rental rate set forth in the Schedule of Basic Terms, calculated on the Rentable Area of the Leased Premises; and, (ii) rent for the VRC-Dedicated Electrical Room and VRC Generator Room as set forth in Article 2.7.
Calculation of Base Rent. The chart included in Section 4.1 of the Lease is deleted in its entirety and replaced with the following: Months 1 to 2 $ [ **] Months 3 - December 31, 2012 $ [ **] January 1, 2013 to December 31, 2013 $ [ **] January 1, 2014 to December 31, 2014 $ [ **] January 1, 2015 to December 31, 2015 $ [ **] January 1, 2016 to December 31, 2016 $ [ **] Monthly Base Rent shall be equal to one twelfth of the Annual Base Rent multiplied by the Rentable Area of the Premises.
Calculation of Base Rent. Tenant shall pay Base Rent to Landlord in an annual amount equal to the “Applicable Rate,” as set forth in the table below, multiplied by the Lease Basis.
Calculation of Base Rent. The Base Rent during each Extension shall be increased, as of the commencement of each Extension (each is called a "Rental Adjustment Date") to ninety-five percent (95%) of the "Fair Market Value" of the Premises, determined in the following manner: Not later than one hundred (100) days prior to any applicable Rental Adjustment Date, Landlord and Tenant shall meet in an effort to negotiate, in good faith, the Fair Market Value of the Premises as of such Rental Adjustment Date. If Landlord and Tenant have not agreed upon the Fair Market Value of the Premises at least ninety (90) days prior to the applicable Rental Adjustment Date, the Fair Market Value shall be determined by the following appraisal method:
Calculation of Base Rent. Section 3(b) of the Lease is deleted in its entirety and replaced with the following:
