New Rent. The Annual Base Rent for the Extension Period shall be equal to the prevailing fair market rental rate for the Extension Period (such prevailing fair market rental rate, the “Market Rent”) for Tenant’s space based on comparable so-called “triple net” lease renewal transactions in comparable first class laboratory buildings in the City of Cambridge as of the commencement of the Extension Period, taking into account all relevant market factors including, without limitation, location, proximity to public transportation, building age, quality, and amenities, nearby retail and dining options, and taking into account market concessions granted in such comparable transactions including, without limitation, free rent periods and improvement allowances. During the Extension Period the Additional Rent shall continue to be payable as provided in the Lease and all of the terms, conditions and covenants of this Lease shall apply.
New Rent. 3.1 The New Rent may be agreed in writing at any time between the parties or (in the absence of agreement) will be determined by the Valuer.
New Rent. 2.1 The New Rent referred to in the Fourth Schedule shall be determined in accordance with the provisions of this Paragraph 2.
New Rent. Commencing on April 1, 1997, Mercantile's monthly rent for the Premises shall be $___________.
New Rent. The new rent shall be based on 9,100 starting the first month execution of this Lease Agreement. The rental rate shall be the same per square foot as in the Lease Agreement. Beginning the of the month following execution of this Amendment, the Base Rent shall be $5,460.00 per month thru June 201 1. Beginning July 1,2011 the Base Rent shall be 1.00 per month Beginning July 1,2012 the Base Rent shall be $5,642.00 per month Beginning July 1,2013 the Base Rent shall be $5,733.00 per month Beginning July 1,2014 the Base Rent shall be $5,824.00 per month Beginning July 1, 2015 the Base Rent shall be 15.OO per month In addition to Base Rent above, the NNN charges shall be changed to reflect the addition of 2,600 For a total of 9100
New Rent. 13.1 The rent shall be determined as at the Commencement Date in the same manner as if it was being determined under Section 14 of the Housing Act 1988.
New Rent. The Annual Base Rent for the Extension Period shall be equal to the prevailing fair market rental rate for the Extension Period (such prevailing fair market rental rate, the “Market Rent”) for Tenant’s space based on comparable so-called “triple net” lease renewal transactions in comparable buildings in the suburban Route 128 corridor office/lab market located in Needham, Newton and to the south, as of the commencement of the Extension Period, taking into account all relevant market factors but excluding any rental value attributable to leasehold improvements above (a) the rental value attributable to the existing leasehold improvements as of the date of this Lease, plus (b) the rental value attributable to leasehold improvements constructed by use of Finish Work Allowance, but in no event shall the Annual Base Rent for the Extension Period be lower than the Annual Base Rent paid by Tenant during the Lease Year immediately preceding the Extension Period. During the Extension Period the Additional Rent shall continue to be payable as provided in the Lease and all of the terms, conditions and covenants of this Lease shall apply.
New Rent. The New Rent shall be whichever is the higher of:
New Rent. The Annual Base Rent for each Extension Period shall be equal to the greater of: (i) the Annual Base Rent payable during the final Lease Year of the original Term (with respect to the first Extension Period) and the Annual Base Rent payable during the final Lease Year of the first Extension Period (with respect to the second Extension Period), or (ii) the then prevailing fair market rental rate (such prevailing fair market rental rate, the "Market Rent") for Tenant's space; during the Extension Period the Additional Rent shall continue to be payable in the amount and manner as provided in the Lease with the same Base Taxes and Base Expense Year as established in Section 5.01 (except as set forth in the next sentence) and all of the terms, conditions and covenants of this Lease shall apply. If the Annual Base Rent for the Extension Period is determined under (ii) above because the Market Rent is greater than the Annual Base Rent applicable under (i), then Base Taxes and Base Expenses shall be the actual amount of Taxes and Operating Expenses for the last calendar year ending prior to the first Extension Period or second Extension Period, as applicable, and Market Rent shall be determined taking the same into account.
New Rent. The New Rent shall be payable from, and including the relevant Review Date.
