the Market Rent. The reviewed Main Rent will be payable from and including the Rent Review Date.
the Market Rent. For the purposes of this Lease the expression the “market rent” means the best yearly rent at which the Premises might reasonably be expected to be let in the open market by a willing landlord to a willing tenant:
3.1 with vacant possession;
3.2 for the unexpired residue of the term of this Lease at the relevant review date or for a term of 10 years from the relevant review date (whichever is the greater) and having a rent review, in the same terms as this Lease, at the expiry of each consecutive period of five years throughout the term;
3.3 without the payment of a premium by the willing tenant;
3.4 subject to the provisions of this Lease (other than “paragraph 2.3, the length of the term and the amount of rent but including these provisions for rent review); but upon the assumption, if not the fact, that at the relevant review date:
3.5 the Premises have an agreed Net Internal Area of 1,301.72 square metres (14,011.58 square feet):
3.6 the Premises may be used for any of the uses permitted by this Lease;
3.7 the Premises have been fitted out at the cost of the tenant and are therefore ready for immediate commencement of the normal operation of the business of the willing tenant consistent with paragraph 3.6 above so that the willing tenant would not require a rent free period or other allowance for fitting out the Premises;
3.8 in case the Premises have been destroyed or damaged they have been fully reinstated;
3.9 the covenants and conditions in this Lease have been fully observed and performed;
3.10 there is not in operation any statute, order or instrument, regulation or direction which has the effect of regulating or restricting the amount of rent of the Premises which might otherwise be payable.
the Market Rent. In this paragraph 3 references to the “Tenant” include the predecessors in title to the Premises of the Tenant and any person claiming title to the Premises through or under the Tenant or any of them.
the Market Rent. The expression 'the market rent' shall for the purpose of this Lease mean the yearly rental value of the Demised Premises having regard to best rental values reasonably obtainable as between a willing landlord and a willing tenant for comparable property at the relevant review date let without a premium for a term of either 10 years or the residue of the Term at the relevant review date whichever shall be the greater and subject to the provisions to the same effect as those contained in this Lease (other than the amount of rent but including these provisions for rent review) but upon the assumption (of not the fact) that at the relevant review date:
6.3.1 the Demised Premises are available to be let with vacant possession;
6.3.2 the Demised Premises are fit and ready for immediate occupation and use;
6.3.3 no work has been carried out to the Demised Premises by the Tenant or any predecessor-in-title of the Tenant which has diminished the market rent;
6.3.4 in case the Demised Premises have been destroyed or damaged they have been fully reinstated
6.3.5 the Demised Premises are in a state of full repair and the covenants of the Tenant have been fully observed and performed;
6.3.6 the Demised Premises may be lawfully used for any purpose which is within those classes referred to in clause 3.13.1
