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

Terms Applicable to Premises During Renewal Term. 1. The initial Rent rate per rentable square foot for the Premises during the Renewal Term shall equal 95% of the Prevailing Market (hereinafter defined) rate per rentable square foot for the Premises. Rent during the Renewal Term shall increase in accordance with the increases assumed in the determination of Prevailing Market rate. Rent attributable to the Premises shall be payable in monthly installments in accordance with the terms and conditions of the Lease. 2. Tenant shall pay Additional Rent (i.e. Operating Expenses) for the Premises during the Renewal Term in accordance with Paragraph 7 of the Lease, and the manner and method in which Tenant reimburses Landlord for Tenant’s Proportionate Share of Operating Expenses shall be one of the factors considered in determining the Prevailing Market rate for the Renewal Term.

Terms Applicable to Premises During Renewal Term. 1. The initial Base Rent rate per rentable square foot for the Premises during the Renewal Term shall equal 95% of the Prevailing Market (hereinafter defined) rate per rentable square foot for the Premises. Base Rent during the Renewal Term shall increase increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate. Base Rent attributable to the Premises shall be payable in monthly installments in accordance with the terms and conditions of Paragraph 6 of the Original Lease. 2. Tenant shall pay Additional Rent (i.e. Basic Operating Expenses) Cost for the Premises during the Renewal Term in accordance with Paragraph 7 of the Original Lease, and the manner and method in which Tenant reimburses Landlord for Tenant’s Proportionate Share of Basic Operating Expenses Cost shall be one of the factors a factor considered in determining the Prevailing Market rate for the Renewal Term.

Terms Applicable to Premises During Renewal Term. 1. The initial Rent rate per rentable square foot for the Premises during the Renewal Term shall equal 95% of the Prevailing Market (hereinafter defined) rate per rentable square foot for the Premises. Rent during the Renewal Term shall increase in accordance with the increases assumed in the determination of Prevailing Market rate. Rent attributable to the Premises shall be payable in monthly installments in accordance with the terms and conditions of Paragraph 6 of the Lease. 2. Tenant shall pay Additional Rent (i.e. Operating Expenses) for the Premises during the Renewal Term in accordance with Paragraph 7 of the Lease, and the manner and method in which Tenant reimburses Landlord for Tenant’s Proportionate Share of Operating Expenses shall be one some of the factors considered in determining the Prevailing Market rate for the Renewal Term.

Terms Applicable to Premises During Renewal Term. 1. The initial Base Rent rate per rentable square foot for the Premises during the Renewal Term shall equal 95% of the Prevailing Market (hereinafter defined) rate per rentable square foot for the Premises. Base Rent during the Renewal Term shall increase increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate. Base Rent attributable to the Premises shall be payable in monthly installments in accordance with the terms and conditions of Section 4 of the Lease, as amended hereby. 2. Tenant shall pay Additional Rent (i.e. Operating Expenses) Property Expenses for the Premises during the Renewal Term in accordance with Paragraph 7 Sections 4 and 6 of the Lease, as amended hereby, and the manner and method in which Tenant reimburses Landlord for Tenant’s Proportionate Share share of Operating Property Expenses shall be one some of the factors considered in determining the Prevailing Market rate for the Renewal Term.