Common use of Terms Applicable to Premises During Renewal Term Clause in Contracts

Terms Applicable to Premises During Renewal Term. The initial Base Rent rate per rentable square foot of the Premises during the Renewal Term shall equal the Prevailing Market (hereinafter defined) rate per rentable square foot for the Premises. Base Rent during the Renewal Term shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate. Tenant shall pay Expenses, Taxes and Insurance Expenses for the Premises during the Renewal Term in accordance with the terms of the Lease.

Appears in 2 contracts

Samples: Office Lease Agreement (ForgeRock, Inc.), Office Lease Agreement (ForgeRock, Inc.)

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Terms Applicable to Premises During Renewal Term. (i). The initial Base Rent rate per rentable square foot of for the Premises during the Renewal Term shall equal the Prevailing Market (hereinafter defined) rate per rentable square foot for the Premises. Base Rent during the Renewal Term shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate. Tenant shall pay Expenses, Taxes and Insurance Expenses for Base Rent attributable to the Premises during the Renewal Term shall be payable in monthly installments in accordance with the terms and conditions of the Lease.

Appears in 1 contract

Samples: Office Lease Agreement (Mobile Storage Group Inc)

Terms Applicable to Premises During Renewal Term. The initial Base Rent rate per rentable square foot of the Premises during the Renewal Term shall equal the Prevailing Market (hereinafter defined) rate per rentable square foot for the PremisesPremises as of the date that is one (1) year prior to the Expiration Date. Base Rent during the Renewal Term shall increase, if at all, in accordance with increase by $1.00 per rentable square foot per annum during the increases assumed in the determination of Prevailing Market rateRenewal Term. Tenant shall pay Expenses, Taxes and Insurance Expenses for the Premises during the Renewal Term in accordance with the terms of the Lease, with a Base Year of 2018.

Appears in 1 contract

Samples: Office Lease Agreement (Velti PLC)

Terms Applicable to Premises During Renewal Term. The initial Base Rent rate per rentable square foot of for the Premises during the Renewal Term shall equal the Prevailing Market rate (hereinafter defined) rate per rentable square foot for the Premises. Base Rent during the Renewal Term shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate. Tenant shall pay Expenses, Taxes and Insurance Expenses for Base Rent attributable to the Premises during the Renewal Term shall be payable in monthly installments in accordance with the terms and conditions of Article IV of the Lease.

Appears in 1 contract

Samples: Office Lease Agreement (Ziprealty Inc)

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Terms Applicable to Premises During Renewal Term. 1. The initial annual Base Rent rate per rentable square foot of for the Premises during the Renewal Term shall equal the Prevailing Market (hereinafter defined) rate per rentable square foot for the Premisesof $23 48. Base Rent during attributable to the Renewal Term Premises shall increase, if at all, be payable in monthly installments in accordance with the increases assumed in terms and conditions of the determination of Prevailing Market rateLease (as amended). 2. Tenant shall pay Expenses, Additional Rent (i.e. Taxes and Insurance Expenses Expenses) for the Premises during the Renewal Term in accordance with the terms of the LeaseLease (as amended).

Appears in 1 contract

Samples: Office Lease Agreement (Intellon Corp)

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