Common use of Market Rent Adjustment Clause in Contracts

Market Rent Adjustment. The Minimum Annual Rent for the Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the vicinity, excluding free rent and other concessions; provided. however, that in no event shall the Minimum Annual Rent during the Extension Term be less than the highest Minimum Annual Rent payable during the 0riginalTerm. The Minimum Monthly Rent shall be an amount equal to one-twelfth (I/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

Market Rent Adjustment. The Minimum Annual Rent for the each Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the vicinityvicinity provided, excluding free rent and other concessions; provided. however, that in no event shall the Minimum Annual Rent during the Extension Term be less than the highest Minimum Annual Rent payable during the 0riginalTermLease Term. The Minimum Monthly Rent shall be an amount equal to one-twelfth (I/121/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

Market Rent Adjustment. The Minimum Annual Rent for the each Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Buildingbuilding, and if none, then in similar buildings in the vicinityvicinity provided, excluding free rent and other concessions; provided. however, that in no event shall the Minimum Annual Rent rent during the Extension Term be less than the highest Minimum Annual Rent payable during the 0riginalTermLease Term. The Minimum Monthly Rent shall be an amount equal to one-twelfth (I/121/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

Market Rent Adjustment. The Minimum Annual Rent for the applicable Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings owned by Landlord in the vicinity, excluding free rent and other concessions; provided. , however, that in no event shall the Minimum Annual Rent per square foot during the any Extension Term be less than the highest Minimum Annual Rent per square foot payable during the 0riginalTermimmediately preceding term. The Minimum Monthly Rent shall be an amount equal to one-twelfth (I/121/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

Market Rent Adjustment. The Minimum Annual Rent for the Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the vicinityPark, excluding free rent and other concessions; provided. , however, that in no event shall the Minimum Annual Rent during the Extension Term be less than the highest Minimum Annual Rent payable during the 0riginalTermOriginal Term. The Minimum Monthly Rent shall be an amount equal to one-twelfth (I/121/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

Market Rent Adjustment. The Minimum Annual Rent for the Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building for a similar term and for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the vicinity, excluding free rent and other concessions; provided. , however, that in no event shall the Minimum Annual Rent during the Extension Term be less than the highest Minimum Annual Rent payable during the 0riginalTermOriginal Term. The Minimum Monthly Rent shall be an amount equal to one-twelfth (I/121/ 12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

Market Rent Adjustment. The Minimum Annual Rent for the applicable Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building Landlord for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the vicinity, excluding free rent and other concessions; provided. , however, that in no event shall the Minimum Annual Rent per square foot during the any Extension Term be less than the highest Minimum Annual Rent per square foot payable during the 0riginalTermimmediately preceding term. The Minimum Monthly Rent shall be an amount equal to one-twelfth (I/121/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

Market Rent Adjustment. The Minimum Annual Rent for the applicable Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the vicinityPark, excluding free rent and other concessions; provided. , however, that in no event shall the Minimum Annual Rent per square foot during the any Extension Term be less than the highest Minimum Annual Rent per square foot payable during the 0riginalTermimmediately preceding term unless agreed to in writing by both parties. The Minimum Monthly Rent shall be an amount equal to one-twelfth (I/121/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

Market Rent Adjustment. The Minimum Annual Rent for the Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the vicinity, excluding free rent and other concessionsthe_Park; provided. , however, that in no event shall the Minimum Annual Rent during the Extension Term be less than the highest Minimum Annual Rent payable during the 0riginalTermOriginal Term. The Minimum Monthly Rent shall be an amount equal to one-twelfth (I/121/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.

Market Rent Adjustment. The Minimum Annual Rent for the Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective new tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings owned by Landlord in the vicinity, excluding free rent and other concessions; provided. , however, that in no event shall the Minimum Annual Rent during the Extension Term be less than the highest Minimum Annual Rent payable during the 0riginalTermOriginal Term. The Minimum Monthly Rent shall be an amount equal to one-twelfth (I/121/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.