Common use of Subrent Clause in Contracts

Subrent. (a) As subrent for the Ground Interest during the Basic Site Sublease Term, the Ground Sublessee shall pay to the Ground Sublessor subrent equal to the amount of rent payable under the Facility Site Lease for the corresponding period. The subrent for any partial period at the end of the Basic Site Sublease Term shall be prorated on the basis of the actual number of days in such period. (b) As subrent for the Ground Interest during each Renewal Site Sublease Term, the Ground Sublessee shall pay to the Ground Sublessor subrent equal to all rent due and payable under the Facility Site Lease for the corresponding period. Such subrent shall be prorated for any partial period at the end of the Renewal Site Sublease Term on the basis of the actual number of days during such period. (c) The subrent payable during the Basic Site Sublease Term or during each Renewal Site Sublease Term shall be paid as and when due under the Facility Site Lease.