Common use of RENEWAL TERM ADDITIONAL RENT Clause in Contracts

RENEWAL TERM ADDITIONAL RENT. Except during the first Lease Year of any Renewal Term, Tenant shall pay to Landlord Additional Rent in each Renewal Term on a monthly basis in arrears no more than 30 days after the end of each month during the applicable Lease Year. The Additional Rent for each Renewal Term shall be calculated as provided in Section 2.3 except that the Base Year for the purpose of determining such Additional Rent shall be the first Lease Year of the applicable Renewal Term.

RENEWAL TERM ADDITIONAL RENT. Except during for the first Lease Base Year of any Renewal Term, Tenant shall pay Additional Rent to Landlord Additional Rent in each Renewal Term on a monthly quarterly basis in arrears no more than 30 within forty-five (45) days after the end of each month quarter of each Lease Year during any Renewal Term; provided, however, if such payment date falls on a weekend or federal holiday, Tenant shall make such payment on the applicable Lease Yearfirst business day immediately preceding such payment date. The Additional Rent for each Renewal Term shall be calculated as provided in Section 2.3 except that the Base Year for the purpose purposes of determining such Additional Rent shall be the first Lease Year of the applicable Renewal Term.