Common use of After Exercise Clause in Contracts

After Exercise. During 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; and (b) during each Renewal Term, Base Rent will be payable at the applicable Market Rental Rate, as determined pursuant to this Section 31, multiplied by the rentable square feet of the Premises as of the commencement of the applicable Renewal Term. The “Term” of this Lease will include any properly exercised Renewal Term.

After Exercise. During each the Renewal Term, all of the terms and provisions of this Lease will apply, except that (ai) after the Second Renewal Term there will be no further right of renewal; and (b) during each Renewal Term, Base Rent will be payable at the applicable Market Rental Rate, as determined pursuant to this Section 310, multiplied by the rentable square feet of the Premises as of the commencement of the applicable Renewal Term. The “Term” of this Lease will include any the properly exercised Renewal Term.