Common use of Xxxxx in Determination of Monthly Rent Clause in Contracts

Xxxxx in Determination of Monthly Rent. If the fair market rent is not established prior to the commencement of the renewal period, then Tenant shall continue to pay as Monthly Rent and Additional Rent the sums in effect as of the last day of the initial term of the Lease and, as soon as the fair market rent is determined, Tenant shall immediately pay to Landlord any deficiency in the amount paid by Tenant during such period, or, if Tenant paid excess Monthly Rent during such period, Landlord shall credit such excess payments to the Monthly Rent amounts next due.

Xxxxx in Determination of Monthly Rent. If the fair market rent Fair Market Rent is not established prior to the commencement of the renewal periodRenewal Term, then Tenant shall continue to pay as Monthly Rent and Additional Rent the sums in effect as of the last day of the initial prior term of the Lease and, as soon as the fair market rent Fair Market Rent is determined, Tenant shall immediately pay to Landlord any deficiency in the amount paid by Tenant during such period, or, if Tenant paid excess Monthly Rent during such period, Landlord shall credit such excess payments to the Monthly Rent amounts next due.