Renewal Term Increase Clause Samples

Renewal Term Increase. 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. Rent: Collectively, the Base Rent and the Percentage Rent.