Common use of VALUATION OF REMAINDER INTEREST IN LEASE Clause in Contracts

VALUATION OF REMAINDER INTEREST IN LEASE. Tenant hereby represents that, at the end of the Term, including all Extended Terms, it expects that the Land and each of the Improvements will have a fair market value (determined without regard to any increase or decrease for inflation or deflation during the Term) equal to at least twenty percent (20%) of the fair market value of the Land and each of the Improvements at the Commencement Date. Tenant further represents that, at the end of the Term, including all Extended Terms, it expects that the Land and each of the Improvements will have a remaining useful life equal to at least twenty percent (20%) of its expected useful life at the Commencement Date.

VALUATION OF REMAINDER INTEREST IN LEASE. Tenant hereby represents that, at the end of the Term, including all the Extended TermsTerm, it expects that the Land and each of the Improvements will have a fair market value (determined without regard to any increase or decrease for inflation or deflation during the Term) equal to at least twenty percent (20%) of the fair market value of the Land and each of the Improvements at the Commencement Date. Tenant further represents that, at the end of the Term, including all the Extended TermsTerm, it expects that the Land and each of the Improvements will have a remaining useful life equal to at least twenty percent (20%) of its expected useful life at the Commencement Date.