Common use of RENT DURING EXTENSION TERM Clause in Contracts

RENT DURING EXTENSION TERM. (a) If Tenant exercises the right to extend the Term of this Lease as herein provided, then no later than one hundred twenty (120) days prior to the first day of the Extension Term, Landlord shall deliver its Proposed Rental Rate. If Tenant does not object to Landlord’s Proposed Rental Rate within thirty (30) days after receipt of Landlord’s notice of Proposed Rental Rate, then Tenant shall be deemed to have accepted the Proposed Rental Rate. If Tenant does timely object to Landlord’s Proposed Rental Rate, then the parties will submit the matter to the appraisal process set forth in Section 4.1(d) above.

RENT DURING EXTENSION TERM. (a) If Tenant exercises the right to extend the Term of this Lease as herein provided, then no later than one hundred twenty (120) days prior to the first day of the Extension Term, Landlord shall deliver its Proposed Rental Rate. If Tenant does not object to LandlordXxxxxxxx’s Proposed Rental Rate within thirty (30) days after receipt of Landlord’s notice of Proposed Rental Rate, then Tenant shall be deemed to have accepted the Proposed Rental Rate. If Tenant does timely object to LandlordXxxxxxxx’s Proposed Rental Rate, then the parties will submit the matter to the appraisal process set forth in Section 4.1(d) above.

RENT DURING EXTENSION TERM. (a) If Tenant exercises the right to extend the Term of this Lease as herein provided, then no later than one hundred twenty (120) days prior to the first day of the Extension Term, Landlord shall deliver its Proposed Rental Rate. If Tenant does not object to LandlordXxxxxxxx’s Proposed Rental Rate within thirty (30) days after receipt of Landlord’s notice of Proposed Rental Rate, then Tenant shall be deemed to have accepted the Proposed Rental Rate. If Tenant does timely object to LandlordXxxxxxxx’s Proposed Rental Rate, then the parties will submit the matter to the appraisal process set forth in Section 4.1(d) above. Beginning on the first day of the second lease year of the Extension Term, Rent shall increase annually by three percent (3%).