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

Terms Applicable to Premises During Second Renewal Term. 1. The initial Base Rent rate per rentable square foot for the Premises during the Second Renewal Term shall equal the Prevailing Market (hereinafter defined) rate per rentable square foot for the Premises. Base Rent during the Second Renewal Term shall 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 Article IV of the Lease. 2. Tenant shall pay Additional Rent (i.e., Taxes and Expenses) for the Premises during the Second Renewal Term in accordance with Article IV of the Lease, and the manner and method in which Tenant reimburses Landlord for Tenant’s share of Taxes and Expenses and the Base Year, if any, applicable to such matter, shall be some of the factors considered in determining the Prevailing Market rate for the Second Renewal Term.

Terms Applicable to Premises During Second Renewal Term. 1. The initial Base Rent rate per rentable square foot for the Premises during the Second Renewal Term shall equal 95% of the Prevailing Market rate (hereinafter defined) rate per rentable square foot for the Premises. Base Rent during the Second Renewal Term shall 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 Article IV Section 4 of the Lease. 2. Tenant shall pay Additional Rent (i.e., i.e. Taxes and Expenses) for the Premises during the Second Renewal Term in accordance with Article IV the provisions of Section 4 of the Lease and Exhibit B to the Lease, and the manner and method in which Tenant reimburses Landlord for Tenant’s share of Taxes and Expenses and the Base Year, if any, applicable to such matter, shall be some of the factors considered in determining the Prevailing Market rate for the Second Renewal Term.

Terms Applicable to Premises During Second Renewal Term. 1. The initial Base Rent rate per rentable square foot for the Premises during the Second Renewal Term shall equal 95% of the then Prevailing Market (hereinafter defined) rate per rentable square foot for the Premises. Base Rent during the Second Renewal Term shall 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 Article IV 4 of the Lease. 2. Tenant shall pay Additional Rent (i.e., i.e. Taxes and Expenses) for the Premises during the Second Renewal Term in accordance with Article IV 4 of the Lease, and the manner and method in which Tenant reimburses Landlord for Tenant’s share of Taxes and Expenses and the Base Year, if any, applicable to such matter, shall be some of the factors considered in determining the Prevailing Market rate for the Second First Renewal Term.

Terms Applicable to Premises During Second Renewal Term. 1. The initial Base Rent rate per rentable square foot for the Premises during the Second Renewal Term shall equal the Prevailing Market (hereinafter defined) rate per rentable square foot for the Premises. Base Rent during the Second Renewal Term shall 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 Article IV Section 4 of the Lease. 2. Tenant shall pay Additional Rent (i.e., Taxes and Expenses) for the Premises during the Second Renewal Term in accordance with Article IV Exhibit B of the Lease, and the manner and method in which Tenant reimburses Landlord for Tenant’s 's share of Taxes and Expenses and the Base Year, if any, applicable to such matter, shall be some of the factors considered in determining the Prevailing Market rate for the Second Renewal Term.