Prior Period Base Rent definition
Prior Period Base Rent. As of any date after April 30, 2002, the Base Rent that was in effect immediately prior to the commencement of the Rent Calculation Year containing such date.
Prior Period Base Rent. As of any date, the annual rate of Base Rent that was in effect immediately prior to the commencement of the Rent Calculation Year containing such date. For example, for the Rent Calculation Year commencing May 1, 2014, the Prior Period Base Rent shall be the annual rate of Base Rent that was in effect on April 30, 2014.