Calculation of Rent. All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days.
Calculation of Rent. 38 30.8 Memoranda of Lease and Lease Supplements....................... 38 30.9 [Intentionally Left Blank]..................................... 38 30.10
Calculation of Rent. Rent shall be due and payable on a monthly basis as set forth in this paragraph 9:
Calculation of Rent. All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of 360 days.
Calculation of Rent. The Base Rent during the Extension(s) shall be determined by one of the following methods [check one]:
Calculation of Rent a. The Rent accrues from day to day.
b. The monthly payment is calculated as follows:
Calculation of Rent. Fair Rental Value Adjustment ---------------------------- The Base Rent shall be increased on the first day of the Extension to the "Fair Rental Value of the Premises" (as defined below), determined in the following manner:
a. Landlord and Tenant shall endeavor in good faith upon Tenant's exercise of the Option to agree upon the Fair Rental Value of the Premises. If Landlord and Tenant have not been able to agree on the Fair Rental Value of the Premises within 30 days after Tenant's exercise of the Option, the Base Rent for the Extension shall be determined as follows: within 45 days following the exercise of the Option, Landlord and Tenant shall endeavor in good faith to agree upon a single appraiser. If Landlord and Tenant are unable to agree upon a single appraiser within said 45 day period, each shall then, by written notice to the other, within ten days after said 45 day period, appoint one appraiser. Within ten days after the two appraisers are appointed, the two appointed appraisers shall appoint a third appraiser. If either Landlord or Tenant fails to appoint its respective appraiser within the prescribed time period, the single appraiser appointed shall determine the fair rental value of the property. If the two appointed appraisers fail to agree on the third appraiser, he or she shall be appointed by the then president of the Houston Board of Realtors. Each party shall bear the cost of the appraiser appointed by it, and the parties shall share equally the cost of the third appraiser.
b. The term "Fair Rental Value of the Premises" shall mean the rent that a ready and willing tenant would pay, at the time of the commencement of the Extension, as monthly Base Rent to a ready and willing lessor of property comparable to the Premises, if such property were exposed for lease on the open market for a reasonable period of time, and taking into account all of the purposes for which such property may be used, and not just the use proposed to be made of the property by Tenant. The Fair Rental Value of the Premises shall be the average of the two of the three appraisals which are closest in amount, and the third appraisal shall be disregarded. In no event shall the Base Rent be reduced by reason of such computation. If the Fair Rental Value of the Premises is not determined prior to the commencement of the Extension, then Tenant shall continue to pay to Landlord the Base Rent applicable to the Premises immediately prior to the Extension, until the Fair Rent...
Calculation of Rent. (a) The rent accrues from day to day.
(b) The monthly payment is calculated as follows: monthly payment = weekly rent x 4.3482.
(c) If the first or last rent payment is for a period of less than a full calendar month, the rent for the broken rent period is calculated on a daily basis as follows: daily rent = weekly rent x 0.1429.
Calculation of Rent. In calculating future Rent for purposes of subparagraphs (b) and (d) above, Landlord’s reasonable and good faith estimate of future Operating Expenses shall be based on historical escalations and the then current market conditions. In addition, Landlord may include as an item of Rent its reasonable attorneys’ fees and costs in enforcing its rights hereunder, together with each of the other expenses related thereto as described in subparagraph (b) above.
Calculation of Rent. The Base Rent during the Extension(s) shall be determined by one or a combination of the following methods (INDICATE YOUR CHOICE UPON EXECUTION OF THE LEASE): 2. Fair Rental Value Adjustment (Section B(2), below) [X]
1. Cost of Living Adjustment. Intentionally deleted.
