Common use of Rent During Option Period Clause in Contracts

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 "

Appears in 3 contracts

Samples: Supplemental Agreement (Aprisma Management Technologies Inc), And Attornment Agreement (Cabletron Systems Inc), And Attornment Agreement (Aprisma Management Technologies Inc)

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Rent During Option Period. In the event that the Sublessee shall exercise its option to renew for any either additional five (5) year period, the Base Rent annual rent during that period shall be 95% of the then Current Market Rental Rent Rate for the Premises premises but in no case shall the rent be less than the previous year's years Base Rent Rent. The term "

Appears in 1 contract

Samples: Bottomline Technologies Inc /De/

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