Late Determination. If, for any reason, the Market Value RENT shall not have been determined prior to the Commencement Date of the Renewal Term, then, Lessee shall continue to pay the Base Monthly Rental in effect during the final year of the initial terms of the Lease. Upon final determination of the Market Value Rent, an appropriate adjustment to the Base Rent shall be made reflecting such final determination, and Lessor or Lessee, as the case may be, shall promptly refund or pay to the other any overpayment or deficiency, as the case may be in the payment of the Market Value Rent from the date of commencement of the Renewal Term to the date of such final determination.
Late Determination. If for any reason the Market Value Rent shall not have been determined prior to the commencement of the Additional Renewal Term, then, until the Market Value Rent and, accordingly, the fixed annual rent, shall not have been finally determined, the fixed annual rent shall remain the same as payable during the last year of the initial term of the lease. Upon final determination of the Market Value Rent, an appropriate adjustment to the fixed annual rent shall be made reflecting such final determination, and Owner or Tenant, as the case may be, shall promptly refund or pay to the other any overpayment of deficiency, as the case may be, in the payment of fixed annual rent from the commencement of the Additional Renewal Term to the date of such final determination. Initials CROSSINGS FORM LEASE — NO PERCENTAGE RENT
Late Determination. In the event Market Value Rent is not determined before the commencement date of the First Renewal Term, Minimum Rent in the amount of the Floor Rental shall be paid by Tenant each month until the Market Value Rent for the First Renewal Term is determined in accordance with this Article. Tenant shall within 15 days after the determination of Market Value Rent pay Landlord the cumulative amount of the deficiency determined, if any, from and after the Commencement Date of the First Renewal Term to the date of such payment.
Late Determination. If upon any review of Yearly Rent the amount of the New Rent shall not be agreed or determined prior to the relevant Review Date the Tenant shall continue to pay Yearly Rent at the rate payable immediately prior to that Review Date until the quarter day next following the agreement or determination of the New Rent whereupon any Excess shall be due as a debt payable by the Tenant to the Landlord apportioned on a daily basis from the relevant Review Date together with interest at two percentage points below Interest on the Excess from the relevant Review Date until the date of payment of the Excess.
Late Determination. In the event Market Value Rent is not determined before the Commencement Date of the Second Renewal Term, Minimum Rental in the sum of $6,200.00 per month shall be paid by Tenant until the Market Value Rent is determined in accordance with this Article. Tenant shall within fifteen (15) days after the determination of Market Value Rent pay Landlord the amount of the deficiency determined, if any, from and after the Commencement Date of the Second Renewal Term to the date of such final determination.
