Common use of Ground Rent Adjustments Following Reconstruction Clause in Contracts

Ground Rent Adjustments Following Reconstruction. Developer ------------------------------------------------ contemplates, pursuant to Section 11 hereof, that during the term of this Lease, any or all of the buildings devel-

Ground Rent Adjustments Following Reconstruction. Developer ------------------------------------------------ contemplates, pursuant to Section 11 hereof, that during the term of this Lease, any or all of the buildings devel-or other material improvements developed on the Premises may be demolished and new buildings or other material improvements constructed in their place in order to meet the then current market demand, subject to Landlord approval pursuant to Section 7. In the event of such demolition and new construction on either parcel, the provisions of subsection 3.2 shall be modified with respect to such parcel as set forth below in subsections 3.3.1 and 3.

Ground Rent Adjustments Following Reconstruction. Developer ------------------------------------------------ contemplates, pursuant to Section 11 hereof, that during the term of this Lease, any or all of the buildings devel-developed on the Premises may be demolished and new buildings constructed in their place in order to meet the then current market demand, subject to Landlord approval pursuant to Section 7. In the event of such demolition and new construction on a particular parcel, the provisions of subsection 3.2 shall be modified with respect to such parcel as set forth below in subsections 3.3.1 and 3.

Ground Rent Adjustments Following Reconstruction. Developer ------------------------------------------------ contemplates, pursuant to Section 11 hereof, that during the term of this Lease, any or all of the buildings devel-developed on the Premises may be demolished and new buildings constructed in their place in order to meet the then current market demand, subject to Landlord approval pursuant to Section 7. In the event of such demolition and new construction on a particular