Common use of Renewal Rent and Other Terms Clause in Contracts

Renewal Rent and Other Terms. (a) The Renewal Term shall be upon all of the terms and conditions set forth in this Lease, except that (i) the Fixed Rent shall be as determined pursuant to the further provisions of this Section 9.02; (ii) Tenant shall accept the Renewal Premises in its “as is” condition at the commencement of the Renewal Term, and Landlord shall not be required to perform Landlord’s Work or any other work, to pay any amount or to render any services to make the Premises ready for Tenant’s use and occupancy or to provide any abatement of Fixed Rent or Additional Charges, in each case with respect to the Renewal Term; (iii) Tenant shall have no option to renew this Lease beyond the expiration of the Renewal Term; (iv) the Base Tax Amount shall be the Taxes for the Tax Year in which the commencement of the Renewal Term occurs and the Base Operating Year shall be the Operating Year in which the commencement of the Renewal Term occurs; (v) all references in this Lease to the “Premises” shall be deemed to refer to the Renewal Premises; (vi) if the Renewal Premises consists of a Renewal Portion, Tenant’s Share shall be appropriately reduced; (vii) if the Renewal Premises consists of a Renewal Portion, then any space as to which this Lease is not being renewed shall be delivered to Landlord one day before the first day of the applicable Renewal Term vacant and free of any lien or encumbrance and otherwise in the condition required pursuant to this Lease as if such date were the expiration date of this Lease and (viii) all references in this Lease to the Expiration Date shall be deemed to mean the last day of the Renewal Term. (b) The annual Fixed Rent for the Premises for the Renewal Term shall be the Fair Market Rent. “Fair Market Rent” means the fixed annual rent that a willing lessee would pay and a willing lessor would accept for the Renewal Premises during the Renewal Term, taking into account all relevant factors.

Renewal Rent and Other Terms. (a) The Renewal Term shall be upon all of the terms and conditions set forth in this Lease, except that that: (i) the Fixed Rent shall be as determined pursuant to the further provisions of this Section 9.0210.02; (ii) Tenant shall accept the Renewal Premises in its “as is” condition at the commencement of the Renewal Term, and Landlord shall not be required to perform Landlord’s Work or any other work, to or pay any amount or to render any services to make the Renewal Premises ready for Tenant’s use and occupancy (other than any continuing obligations of Landlord expressly provided hereunder to provide any services or maintenance to the Renewal Premises) or provide any abatement of Fixed Rent or Additional Charges, in each case with respect to the Renewal Term; (iii) Tenant shall have no option to renew this Lease beyond the expiration of the Renewal Term; Term and (iv) the Base Tax Amount shall be the Taxes for the Tax Year in which ending immediately before the commencement of the Renewal Term occurs and the Base Operating Year shall be the Operating Year in which ending immediately before the commencement of the Renewal Term occurs; (v) all references in this Lease to the “Premises” shall be deemed to refer to the Renewal Premises; (vi) if the Renewal Premises consists of a Renewal Portion, Tenant’s Share shall be appropriately reduced; (vii) if the Renewal Premises consists of a Renewal Portion, then any space as to which this Lease is not being renewed shall be delivered to Landlord one day before the first day of the applicable Renewal Term vacant and free of any lien or encumbrance and otherwise in the condition required pursuant to this Lease as if such date were the expiration date of this Lease and (viii) all references in this Lease to the Expiration Date shall be deemed to mean the last day of the Renewal Term. (b) The annual Fixed Rent for the Renewal Premises shall be equal to the greater of (i) an amount (the “Annual Rent”) equal to the sum of (A) the Fixed Rent payable by Tenant with respect to the Renewal Premises for the twelve (12) month period ending on the last day of the initial Term, (B) the Tax Payment payable with respect to the Tax Year ending immediately before the commencement of the Renewal Term with respect to the Renewal Premises, and (C) the Operating Payment payable with respect to the Operating Year ending immediately before the commencement of the Renewal Term with respect to the Renewal Premises , or (ii) one hundred (100%) percent of the Fair Market Rent for the Renewal Term shall be (the greater of the Annual Rent or Fair Market RentRent is hereinafter referred to as the “Rental Value”). “Fair Market Rent” means the fixed annual rent that a willing lessee would pay and a willing lessor would accept for the Renewal Premises during the applicable Renewal Term, taking into account all relevant factors.

Renewal Rent and Other Terms. (a) The Each Renewal Term shall be upon all of the terms and conditions set forth in this Lease, except that that: (i) the Fixed Base Rent shall be as determined pursuant to the further provisions of this Section 9.0233.05; and shall be payable from and after the first day of the applicable Renewal Term (or, if Tenant elected to receive the Concessions Package, from and after the end of any applicable free rent period); (ii) Tenant shall accept the Renewal Premises in its “as is” condition at the commencement of the applicable Renewal Term, and Landlord shall not be required (A) to perform Landlord’s Work any work, (B) to pay any work allowance, contribution or any other workamount (except if Tenant elected to receive the Concessions Package, in which case Landlord shall make available to pay Tenant any amount or applicable work allowance on the same terms as set forth in Article 7 above, but subject to the provisions of Section 7.01(f)), (C) to render any services to make the Renewal Premises ready for Tenant’s use and occupancy or (D) to provide any abatement of Fixed Base Rent or Additional ChargesRent (except if Tenant elected to receive the Concessions Package, in which case Tenant shall be entitled to any applicable free rent period), in each case with respect to the applicable Renewal Term; , provided that, if Tenant elected to receive the Concessions Package, Tenant shall be entitled to any other concessions included thereunder in addition to any applicable work allowance or free rent period; (iii) the Base PILOT Amount for the applicable Renewal Term shall be the PILOT for the PILOT Year in which the first day of the applicable Renewal Term occurs; (iv) the Base Lease Year for the applicable Renewal Term shall be the Lease Year in which the first day of the applicable Renewal Term occurs; (v) Tenant shall have no option to renew this Lease beyond the expiration of the First Renewal Term; Term if the Ten Year Renewal Option shall have been exercised (ivor deemed exercised) or the Base Tax Amount expiration of the Second Renewal Term (if applicable), if the First Renewal Term had been pursuant to Tenant’s exercise of a Five Year Renewal Option; (vi) if the Renewal Premises shall be consist of less than the Taxes for the Tax Year in which entire Premises, then at the commencement of the applicable Renewal Term occurs (A) Tenant’s Operating Share shall be reduced to a fraction the numerator of which shall be the Rentable Square Footage of the Premises as then constituted and the Base Operating Year denominator of which shall be the Operating Year in Share Denominator and (B) Tenant’s PILOT Share shall be reduced to a fraction the numerator of which shall be the commencement Rentable Square Footage of the Renewal Term occurs; Premises as then constituted and the denominator of which shall be the PILOT Share Denominator (vit being agreed that each such fraction shall be expressed as a percentage calculated to the nearest hundredth of a percent) ; (vii) all references in this Lease to the “Premises” shall be deemed to refer to the applicable “Renewal Premises”; and (viviii) if the Renewal Premises consists of a Renewal Portion, Tenant’s Share shall be appropriately reduced; (vii) if less than all of the Renewal Premises consists of a Renewal Portionthen Premises, then any space as to which this Lease is not being renewed shall be delivered to Landlord one day before the first day of the applicable Renewal Term vacant and free of any lien or encumbrance and otherwise in the condition required pursuant to this Lease as if such date were the expiration date of this Lease (and (viii) all references in this Lease the provisions of Article 28.02 shall apply to the Expiration Date shall be deemed any failure by Tenant to mean the last day of the Renewal Termdo so). (b) The annual Fixed Base Rent for the First Renewal Premises for the First Renewal Term shall be the Fair Market RentRent for the First Renewal Term. “The annual Base Rent for the Second Renewal Premises for the Second Renewal Term shall be the Fair Market Rent” means the fixed annual rent that a willing lessee would pay and a willing lessor would accept Rent for the Renewal Premises during the Second Renewal Term, taking into account all relevant factors.

Renewal Rent and Other Terms. (a) The Each Renewal Term shall be upon all of the terms and conditions set forth in this Lease, except that (i) the Fixed Base Rent shall be as determined pursuant to the further provisions of this Section 9.0233.03; (ii) Tenant shall accept the Renewal Premises in its “as is” condition at the commencement of the applicable Renewal Term, and Landlord shall not be required to perform Landlord’s Work or any other work, to pay any Work Allowance, Restroom Allowance, contribution or any other amount or to render any services to make the Renewal Premises ready for Tenant’s use and occupancy or to provide any abatement of Fixed Base Rent or Additional ChargesRent, in each case with respect to the applicable Renewal Term; (iii) the Base PILOT Amount for the applicable Renewal Term shall be the PILOT for the PILOT Year ending immediately before the commencement date of the applicable Renewal Term, (iv) the Base Lease Year for the applicable Renewal Term shall be the Lease Year ending immediately before the commencement of the applicable Renewal Term, (v) Tenant shall have no option to renew this Lease beyond the expiration of (X) the First Renewal Term if the Ten Year Renewal Option shall have been exercised (or deemed exercised) or (Y) the Second Renewal Term (if applicable), (vi) if the Renewal Term; (iv) Premises shall consist of less than the Base Tax Amount shall be the Taxes for the Tax Year in which entire Premises, then at the commencement of the applicable Renewal Term occurs (I) Tenant’s Proportionate Operating Share shall be reduced to a fraction the numerator of which shall be the Rentable Square Footage of the Premises as then constituted and the Base Operating Year denominator of which shall be the Operating Year in Share Denominator and (II) Tenant’s Proportionate Tax Share shall be reduced to a fraction the numerator of which shall be the commencement Rentable Square Footage of the Renewal Term occurs; Premises as then constituted and the denominator of which shall be the Tax Share Denominator (vit being agreed that each such fraction shall be expressed as a percentage calculated to the nearest hundredth of a percent), (vii) all references in this Lease to the “Premises” shall be deemed to refer to the applicable “Renewal Premises; ”, and (viviii) if the Renewal Premises consists of a Renewal Portion, Tenant’s Share shall be appropriately reduced; (vii) if less than all of the Renewal Premises consists of a Renewal Portionthen Premises, then any space as to which this Lease is not being renewed shall be delivered to Landlord one day before the first day of the applicable Renewal Term vacant and free of any lien or encumbrance and otherwise in the condition required pursuant to this Lease as if such date were the expiration date Expiration Date of this Lease (and (viii) all references in this Lease the provisions of Article 28.02 shall apply to the Expiration Date shall be deemed any failure by Tenant to mean the last day of the Renewal Termdo so). (b) The annual Fixed Base Rent for the First Renewal Premises for the First Renewal Term shall be the Fair Market RentRent for the First Renewal Term. “The annual Base Rent for the Second Renewal Premises for the Second Renewal Term shall be the Fair Market Rent” means the fixed annual rent that a willing lessee would pay and a willing lessor would accept Rent for the Renewal Premises during the Second Renewal Term, taking into account all relevant factors.

Renewal Rent and Other Terms. (a) The Each Renewal Term shall be upon all of the terms and conditions set forth in this Lease, except that (i) the Fixed Rent shall be as determined pursuant to the further provisions of this Section 9.02; (ii) Tenant shall accept the Renewal Premises in its “as is” condition at the commencement of the applicable Renewal Term, and Landlord shall not be required to perform Landlord’s Work or any other work, to pay any work allowance or any other amount or to render any services to make the Premises ready for Tenant’s use and occupancy or to provide any abatement of Fixed Rent or Additional Charges, in each case with respect to the applicable Renewal Term; (iii) Tenant shall have no option to renew this Lease beyond the expiration of the applicable Renewal Term; (iv) the Base Tax PILOT Amount shall be the Taxes for the Tax Year in which ending immediately before the commencement of the applicable Renewal Term occurs and Term; (v) the Base Impositions Amount shall be the Impositions for the Tax Year ending immediately before the commencement of the applicable Renewal Term; (vi) the Base Operating Year Amount shall be the Operating Expenses for the Operating Year in which ending immediately before the commencement of the applicable Renewal Term occursTerm; (vvii) all references in this Lease to the “Premises” shall be deemed to refer to the Renewal Premises; (viviii) if the Renewal Premises consists of a Renewal Portionless than all of the then Premises, Tenant’s Tax Share and Tenant’s Operating Share shall be appropriately proportionately reduced; (viiix) if the Renewal Premises consists of a Renewal Portionless than all of the then Premises, then any space as to which this Lease is not being renewed shall be delivered to Landlord one day before the first day of the applicable Renewal Term vacant and free of any lien or encumbrance and otherwise in the condition required pursuant to this Lease (including, without limitation, Sections 4.03(c) and (d)) as if such date were the expiration date of this Lease and (viiix) all references in this Lease to the Expiration Date shall be deemed to mean the last day of the Renewal Term. (b) The annual Fixed Rent for the Premises for the Renewal Term shall be the Fair Market Rent. “Fair Market Rent” means the fixed annual rent that a willing lessee would pay and a willing lessor would accept for the Renewal Premises during the Renewal Term, taking into account all relevant factors.

Renewal Rent and Other Terms. (a) The Each Renewal Term shall be upon all of the terms and conditions set forth in this Lease, except that (i) the Fixed Rent shall be as determined pursuant to the further provisions of this Section 9.02; (ii) Tenant shall accept the Renewal Premises in its “as is” condition at the commencement of the applicable Renewal Term, and Landlord shall not be required to perform Landlord’s Work or any other work, to pay the Work Allowance or any other amount or to render any services to make the Premises ready for Tenant’s continued use and occupancy or to provide any abatement of Fixed Rent or Additional ChargesCharges on account of any such renewal (but the foregoing shall not vitiate Landlord’s obligations under this Lease or any other abatement expressly permitted pursuant to the terms of this Lease), in each case with respect to the applicable Renewal Term; (iii) Tenant shall have no option to renew this Lease beyond the expiration of the Outside Aggregate Renewal TermExpiration Date; (iv) the Base Tax Amount shall be the Taxes for the Tax Year in which the commencement of the Renewal Term occurs and the Base Operating Year shall be the Operating Year in which the commencement of the Renewal Term occurs; (v) all references in this Lease to the “Premises” shall be deemed to refer to the Renewal Premises; (viv) if the Renewal Premises consists of a Renewal Portionless than all of the then Premises, Tenant’s Share (and Tenant’s Operating Share, as applicable) shall be appropriately proportionately reduced (provided that in no event will the Deemed RSF be reduced except as set forth in Section 3.04(i)); (vi) if the Renewal Premises consist of less than all of the space that is located in the Upper Premises then leased by Tenant, then Tenant’s right to receive Supplemental HVAC Condenser Water in any Upper Premises shall be proportionately reduced; (viiviii) if the Renewal Premises consists of a Renewal Portionless than all of the then Premises, then any space as to which this Lease is not being renewed shall be delivered to Landlord one day before on the first day of the applicable Renewal Term then current Expiration Date vacant and free of any lien or encumbrance and otherwise in the condition required pursuant to this Lease (including, without limitation, except as otherwise provided in this Section 9.02, Section 4.03(c) as if such date were the expiration date of this Lease Lease), the Renewal Premises shall be legally demised from the surrendered portions of the Premises, at Tenant’s sole cost and expense, including causing any electricity, condenser water, domestic water, and any other services that have been disproportionately allocated within the Premises to be redistributed in accordance with Section 3.01(d) or (f), as applicable (other than services or dedicated systems disproportionately allocated to certain areas of the Premises in connection with the Landlord MEP Work and/or Tenant MEP Work), and the surrendered portion to be disconnected from Tenant’s internal security system and security gates (collectively, the “Demising Work”) and, to the extent set forth in Section 3.06, Tenant shall perform the Separation Work, and (viiiix) with respect to the Renewal Premises, all references in this Lease to the Expiration Date shall be deemed to mean the last day of the applicable Renewal Term. If the Renewal Premises does not include the entirety of the Total Unit, the Reduced or Increased Premises Operational Mechanism shall apply, to the extent applicable. (b) The annual Fixed Rent for the Renewal Premises for the each Renewal Term shall be the Fair Market RentRent for such Renewal Term. “Fair Market Rent” means the fixed annual rent that a willing lessee would pay and a willing lessor would accept for the Renewal Premises during the applicable Renewal Term, each party acting prudently and under no compulsion to lease, determined as of the date that is 12 months prior to the commencement of the Renewal Term, taking into account all relevant factors.