Renewal Term Increase definition
Renewal Term Increase. As defined in clause (c)(ii)(A) of the definition of “Rent.”
Renewal Term Increase. As defined in clause (c)(ii)(A) of the definition of Rent.
Renewal Term Increase. As defined in clause (c)(ii)(A) of the definition of “Rent.” “Rent”: An annual amount payable as provided in Article III, calculated as follows:
Examples of Renewal Term Increase in a sentence
The percentage by which Building Base Rent shall have escalated at the commencement of any Renewal Term pursuant to the terms of this Master Lease; provided, however, it is understood that if the Building Base Rent was not subject to escalation at the commencement of any Renewal Term, then there shall be no Renewal Term Increase applied for such Renewal Term.