Common use of Determination of Minimum Rent for Extended Terms Clause in Contracts

Determination of Minimum Rent for Extended Terms. The Minimum Rent for each Extended Term shall be equal to the amount set forth in clause (x) in Section 2.4 above and shall be determined by the mutual agreement of Landlord and Tenant within thirty (30) days after Landlord receives Tenant's Notice exercising its option to extend with respect to such Extended Term, but in no event earlier than twelve (12) months prior to the commencement of the applicable Extended Term. In the event Landlord and Tenant are unable to agree on the Minimum Rent for such Extended Term within such period, such Minimum Rent shall be determined pursuant to appraisal in accordance with Article 19.

Determination of Minimum Rent for Extended Terms. 16- The Minimum Rent for each Extended Term shall be equal to the amount set forth in clause (x) in Section 2.4 above and shall be determined by the mutual agreement greement of Landlord and Tenant within thirty (30) days after Landlord receives Tenant's Notice exercising its option to extend with respect to such Extended Term, but in no event earlier than twelve (12) months prior to the commencement of the applicable Extended Term. In the event Landlord and Tenant are unable to agree on the Minimum Rent for such Extended Term within such period, such Minimum Rent shall be determined pursuant to appraisal in accordance with Article 19.