Common use of Accelerated Rent Component Clause in Contracts

Accelerated Rent Component. For purposes hereof, the Accelerated Rent Component shall mean the aggregate of: (i) all rent and other charges, payments, costs and expenses due from Tenant to Landlord and in arrears at the time of the election of Landlord to recover the Accelerated Rent Component; (ii) the minimum annual rent reserved for the then entire unexpired balance of the term of this Lease (taken without regard to any early termination of the term by virtue of any default), plus all other charges, payments, costs and expenses herein agreed to be paid by Tenant up to the end of said term which shall be capable of precise determination at the time of Landlord’s election to recover the Accelerated Rent Component, discounted to present value at two percent (2%) below the then existing prime rate announced by the Wall Street Journal, or its successor publication (the “Announced Prime Rate”).