Rent During Option Period. In the event that the Sublessee shall exercise its option to renew for any additional five (5) year period, the Base Rent during that period shall be 95% of the then Current Market Rental Rate for the Premises but in no case shall the rent be less than the previous year's Base Rent The term "
Rent During Option Period. Base Rent shall be subject to renegotiation effective at the end of the initial twenty (20)
Rent During Option Period. Notwithstanding any other provision contained in this Lease, the Rent payable during such Option Period shall be current rent increased four percent (4%).
Rent During Option Period. (s) Terms is hereby amended to reflect the following: “Beginning August 1, 2025, the annual Rent amount for each year of this Lease shall increase by Two Percent (2%) over the previous year’s rental amount.”
Rent During Option Period. In the event that the Sublessee shall exercise its option to renew for either additional five (5) year period, the annual rent during that period shall be 95% of the then Current Market Rent Rate for the premises but in no case shall the rent be less than the previous years Base Rent. The term "Current Market Rent Rate" for purposes of this Sublease shall mean the annual amount per rentable square foot that a willing, comparable, new, non-renewal, non-equity, nonexpansion Sublessee of credit quality similar to Sublessee would pay, and a willing comparable Sublessor of the Building or a comparable office building in the immediate vicinity of the Building would accept, at arms length, giving appropriate consideration to annual rental rates per rentable square foot, escalation clauses (including type, gross or net, and if gross, whether base year or expense stop), and abatement provisions reflecting free rent, tenant improvement allowances, length of lease term, size, condition and location of premises being leased. If Sublessee exercises the extension option, Sublessor and Sublessee shall attempt to agree upon the Current Market rental Rate using their best good-faith efforts. If Sublessor and Sublessee fail to reach an agreement within thirty (30) days following Sublessee's exercise of such extension option (the "Outside Agreement Date"), then each party shall make a separate determination of the current Market Rental Rate which shall be submitted to each other and to arbitration in accordance with the following items (i) through (vii): (i) Sublessor and Sublessee shall each appoint, within ten (10) business days of the Outside Agreement Date, one arbitrator who shall by profession be a licensed, qualified MAI appraiser of comparable properties in the immediate vicinity of the Building, and who has been active in such field over the last five (5) years. The determination of the arbitrators shall be limited solely to 16 <PAGE> the issue of whether Sublessor's or Sublessee's submitted Current Market Rental Rate is the closes to the actual Current Market Rental Rate as determined by the arbitrators. (ii) The two arbitrators so appointed shall within five (5) business days of the date of the appointment of the last appointed arbitrator agree upon and appoint a third arbitrator who shall be qualified under the same criteria set forth hereinabove for qualification of the initial tow arbitrators. (iii) The third arbitrator shall within fifteen (15) days of the app...
Rent During Option Period. In the event that the Sublessee shall exercise its option to renew for an additional five (5) year period, the annual rent during that period shall be at the then fair market rent amount for comparable office buildings in the Portsmouth area or the basic rent charged during the fifth year of the lease shall determine the first years option period rent; whichever is greater. In addition, the basic rent shall be adjusted during the option period in the same manner as adjusted during the initial term of the lease, as provided above. All other additional rent shall also be paid, as provided in Section 4.5 above.
Rent During Option Period. In the event that the Sublessee shall exercise its option(s) to renew, the annual rent at the commencement of the option period(s) shall be at 100% the Fair Market Rental Rate.
Rent During Option Period. Landlord and Tenant agree that the parties have satisfied the requirements of negotiation set forth in Exhibit F to the original Lease, and as a result, have agreed that the Base Rent for the Option Period shall be as follows: Dates Per SF Monthly 1/1/2012 to 12/31/2012 $ 1.215 $ 60,750.00 1/1/2013 to 12/31/2013 $ 1.251 $ 62,572.50 1/1/2014 to 12/31/2014 $ 1.289 $ 64,449.68 1/1/2015 to 12/31/2015 $ 1.328 $ 66,383.17
Rent During Option Period. In the event Tenant exercises its option to extend the Lease for the Total Premises, which option shall commence on June 1, 2018, Tenant shall pay as Base Rent on the 7,075 square feet comprising the Total Premises, the then fair market rental value being charged within the Princeton Commerce Center office park. Months 39 - 75: For Total Premises to be determined as hereinabove.
