Common use of Review of the Basic Rent Clause in Contracts

Review of the Basic Rent. The Basic Rent is: 2.1 until the day before the relevant Open Market Review Date, the amount stated in clause 1.1 as the Basic Rent; and 2.2 from and including each Open Market Review Date, an annual sum equal to the greater of: 2.2.1 the Basic Rent payable immediately before the relevant Open Market Review Date; and 2.2.2 the Open Market Rent at the relevant Open Market Review Date ascertained in accordance with the provisions of this schedule; and disregarding for this purpose any suspension of rent under clause 5.7 operating at the Open Market Review Date.