Common use of RENEWAL TERM ADDITIONAL RENT Clause in Contracts

RENEWAL TERM ADDITIONAL RENT. Except for the Base Year of any Renewal Term, Tenant shall pay Additional Rent to Landlord on a quarterly basis in arrears within forty-five (45) days after the end of each 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 first business day immediately preceding such payment date. The Additional Rent shall be calculated as provided in Section 2.3 except that the Base Year for the purposes of determining such Additional Rent shall be the first Lease Year of the applicable Renewal Term.

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