Common use of Payment of Reviewed Rent Clause in Contracts

Payment of Reviewed Rent. (a) The Lessee will be liable to pay the reviewed annual Rent from the relevant Rent Review Date whether or not the Lessor has notified the Lessee of the amount to which the annual Rent has been varied. (b) The failure of the Lessor to give notice of the reviewed annual Rent before a Rent Review Date does not preclude the Lessor from giving such a notice in respect of that Rent Review Date at any later time. (c) If the Lessor has not given notice of the reviewed annual Rent to the Lessee and the Lessee continues to pay Rent at the rate of the current annual Rent until the Lessor notifies the Lessee of the reviewed annual Rent, the Lessee will not for that reason only be in default for non- payment of Rent provided that when the Lessor notifies the Lessee of the amount of the reviewed annual Rent, any necessary adjustment is to be made within twenty eight (28) days of service of the rent review notice.

Payment of Reviewed Rent. (a) The Lessee will be liable to pay the reviewed annual Rent from the relevant Rent Review Date whether or not the Lessor has notified the Lessee of the amount to which the annual Rent has been varied. (b) The failure of the Lessor to give notice of the reviewed annual Rent before a Rent Review Date does not preclude the Lessor from giving such a notice in respect of that Rent Review Date at any later time. (c) If the Lessor has not given notice of the reviewed annual Rent to the Lessee and the Lessee continues to pay Rent at the rate of the current annual Rent until the Lessor notifies the Lessee of the reviewed annual Rent, the Lessee will not for that reason only be in default for non- non-payment of Rent provided that when the Lessor notifies the Lessee of the amount of the reviewed annual Rent, any necessary adjustment is to be made within twenty eight (28) days of service of the rent review notice.

Payment of Reviewed Rent. (a) The Lessee will be liable to pay the reviewed annual Base Rent from the relevant Rent Review Date whether or not the Lessor has notified the Lessee of the amount to which the annual Base Rent has been varied. (b) The failure of the Lessor to give notice of the reviewed annual Base Rent before a Rent Review Date does not preclude the Lessor from giving such a notice in respect of that Rent Review Date at any later time. (c) If the Lessor has not given notice of the reviewed annual Base Rent to the Lessee and the Lessee continues to pay Rent at the rate of the current annual Base Rent until the Lessor notifies the Lessee of the reviewed Base annual Rent, the Lessee will not for that reason only be in default for non- non-payment of Rent provided that when the Lessor notifies the Lessee of the amount of the reviewed annual Base Rent, any necessary adjustment is to be made within twenty eight ten (2810) days Business Days of service of the rent review notice.