Common use of Rent Reconsideration Clause in Contracts

Rent Reconsideration. (a) The Rent required by this Lease is subject to adjustment at the request of the Lessor or the Lessee after the end of the and Lease Years of this Lease in order to maintain the Rent under this Lease in an amount and structure consistent with “fair market value rent.” “Fair market value rent” for the purposes of this section means the most probable rent, as of a specific date, in cash or in terms equivalent to cash, for which the Premises, under the terms and conditions of this Lease, should rent for its highest and best permitted use after reasonable exposure in a competitive market under all conditions requisite to a fair leasing opportunity, with the Lessor and the Lessee each acting prudently, knowledgeably, and for self-interest, and assuming that neither is under undue duress. Once the “fair market value rent” is adjusted, the amount will be subject to the provisions of Section 5.3 above.

Rent Reconsideration. (a) The Rent required by this Lease is subject to adjustment at the request of the Lessor or the Lessee after the end of the and Lease Years of this Lease in order to maintain the Rent under this Lease in an amount and structure consistent with “fair ³fair market value rent.” “Fair ´³Fair market value rent” for rent´for the purposes of this section means the most probable rent, as of a specific date, in cash or in terms equivalent to cash, for which the Premises, under the terms and conditions of this Lease, should rent for its highest and best permitted use after reasonable exposure in a competitive market under all conditions requisite to a fair leasing opportunity, with the Lessor and the Lessee each acting prudently, knowledgeably, and for self-interest, and assuming that neither is under undue duress. Once the “fair ³fair market value rent” is rent´is adjusted, the amount will be subject to the provisions of Section 5.3 above.

Rent Reconsideration. (a) a. The Rent otherwise required by this Lease is shall be subject to adjustment reconsideration at the request of the Lessor or the Lessee after the end of the XXXX, XXXX, and XXXX Lease Years of this Lease in order to maintain the Rent under this Lease in an amount and structure consistent with “fair market value rent.” “Fair market value rent” for the purposes purpose of this section means the most probable rent, as of a specific date, in cash or in terms equivalent to cash, for which the Premises, under the terms and conditions of this Lease, should rent for its their highest and best permitted use after reasonable exposure in a competitive market under all conditions requisite to a fair leasing opportunity, with the Lessor and the Lessee each acting prudently, knowledgeably, and for self-interest, and assuming that neither is under undue duress. Once the “fair market value rent” is adjusted, the amount will be subject to the provisions of Section 5.3 above.