Common use of Ground Rent Clause in Contracts

Ground Rent. The Ground Rent and other periodic ----------- payments to be made by Developer as part of Developer's obligation under this Lease and the security deposit under subsection 16.1 shall, under the Subdivided Lease, bear substantially the same proportion to amounts provided in this Lease as the area of the Premises in the Subdivided Lease bears to the area of the Premises in this Lease. Provided, however, that if the fair market value of any land included in a Subdivided Lease is substantially greater or less than the balance of the land included in this Lease, then the Ground Rent may be appropriately varied between the Subdivided Lease and this Lease in order to take into account such variance in the fair market land value.

Appears in 2 contracts

Samples: Lease Agreement (Kilroy Realty Corp), Lease Agreement (Kilroy Realty Corp)

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Ground Rent. The Ground Rent and other ----------- periodic ----------- payments to be made by Developer as part of Developer's obligation under this Lease and the security deposit under subsection 16.1 shall, shall under the Subdivided Lease, bear substantially the same proportion to amounts provided in this Lease as the area of the Premises in the Subdivided Lease bears to the area of the Premises in this Lease. Provided, however, that if the fair market value of any land included in a Subdivided Lease is substantially greater or less than the balance of the land included in this Lease, then the Ground Rent 77 may be appropriately varied between the Subdivided Lease and this Lease in order to take into account such variance in the fair market land value.

Appears in 1 contract

Samples: Lease Agreement (Kilroy Realty Corp)

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Ground Rent. The Ground Rent and other periodic payments ----------- payments to be made by Developer as part of Developer's obligation under this Lease and the security deposit under subsection 16.1 shall, shall under the Subdivided Lease, bear substantially the same proportion to amounts provided in this Lease as the area of the Premises in the Subdivided Lease bears to the area of the Premises in this Lease. Provided, however, that if the fair market value of any land included in a Subdivided Lease is substantially greater or less than the balance of the land included in this Lease, then the Ground Rent may be appropriately varied between the Subdivided 77 Lease and this Lease in order to take into account such variance in the fair market land value.

Appears in 1 contract

Samples: Lease Agreement (Kilroy Realty Corp)

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