Common use of After Exercise Clause in Contracts

After Exercise. During the Renewal Term, all of the terms and provisions of this Lease will apply, except that (a) after the Renewal Term there will be no further right of renewal and (b) during the Renewal Term, Base Rent will be payable at the Market Rental Rate, as determined pursuant to this Section 30, multiplied by the Rentable Area of the Premises as of the commencement of the Renewal Term; provided, however, that notwithstanding anything in this Section 30 to the contrary, in no event will the Base Rent payable for any month in the Renewal Term be less than the Base Rent payable for the last month of the Initial Term. The “Term” of this Lease will include any properly exercised Renewal Term.

After Exercise. During the each Renewal Term, all of the terms and provisions of this Lease will apply, except that (a) after the Second Renewal Term there will be no further right of renewal renewal; and (b) during the each Renewal Term, Base Rent will be payable at 95% of the applicable Market Rental Rate, as determined pursuant to this Section 3034, multiplied by the Rentable Area rentable square feet of the Premises as of the commencement of the applicable Renewal Term; provided, however, that notwithstanding anything in this Section 30 34 to the contrary, in no event will the Base Rent payable for any month in the First Renewal Term be less than the Base Rent payable for the last month of the Initial initial Term, nor will the Base Rent payable for any month in the Second Renewal Term be less than the Base Rent payable for the last month of the First Renewal Term. The “Term” of this Lease will include any properly exercised Renewal Term.