Common use of Rent Proration Clause in Contracts

Rent Proration. For any fractional month occurring during the Term, the Base Rent and any adjustments to the Base Rent payable for the fractional month shall be prorated based on the ratio that the number of days in the fractional month bears to the total number of days in that calendar month.

Appears in 3 contracts

Samples: Commercial Lease (HyperSpace Communications, Inc.), Commercial Lease (HyperSpace Communications, Inc.), Commercial Lease (Micron Electronics Inc)

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Rent Proration. For any fractional month occurring during the Term, the Base Rent and any adjustments to the Base Rent payable for the fractional month shall be prorated based on the ratio that the number of days in the fractional month bears to the total number of days in that calendar month.

Appears in 1 contract

Samples: Micron Electronics Inc

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