Common use of Master Lease Term Clause in Contracts

Master Lease Term. The term of each Master Lease (including any extension options granted to the Tenant thereunder and the term length of any such extension) will be determined by mutual agreement of the Parties, taking into account the following factors with respect to the Leased Property that is the subject of such Master Lease: (i) the expected duration of the Redevelopment of the subject Leased Property (in order to achieve Stabilization); (ii) the then-market term length and market lease payments applicable to the subject Leased Property; (iii) the projected amount of any residual value guaranty with respect to the subject Leased Property; (iv) the cost and terms associated with obtaining any third-party consents and/or satisfying any contract termination provisions applicable to the subject Leased Property in order to execute the Master Lease for such Leased Property; and (v) the ability of Tenant to finance the redevelopment and/or lease-up of the Leased Property (to the extent affected by the Term of the Master Lease for the Leased Property).