Common use of Base Rent Adjustments Clause in Contracts

Base Rent Adjustments. Throughout the Term and any Extension Terms, Base Rent will increase by fifteen percent (15%) beginning at the sixth (6th) Agreement Year and then every five (5) years thereafter (each, an “Adjustment Date”). To the extent that the Base Rent is not determined and agreed upon by the parties before the Extension Options are exercised, if Tenant disagrees with the adjustment of the Base Rent for the Extension Term determined after the exercise of the Extension Option, Tenant may withdraw its exercise of the Extension Option and this Agreement will terminate at the end of the existing Term as if the Extension Option had not been exercised.

Base Rent Adjustments. Throughout Base Rent will increase by ten percent (10%) throughout the Term and any Extension Terms, Base Rent will increase by fifteen percent (15%) Terms beginning at the sixth (6th) Agreement Year and then every five (5) years thereafter (each, an “Adjustment Date”). To the extent that the Base Rent is not determined and agreed upon by the parties before the Extension Options are exercised, if Tenant disagrees with the adjustment of the Base Rent for the Extension Term determined after the exercise of the Extension Option, Tenant may withdraw its exercise of the Extension Option and this Agreement will terminate at the end of the existing Term as if the Extension Option had not been exercised.