Common use of Terms Applicable to Third Extension Term Clause in Contracts

Terms Applicable to Third Extension Term. During the Third Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to the Prevailing Market rate per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate; and (c) Base Rent shall be payable in monthly installments in accordance with the terms and conditions of the Lease, as amended.

Appears in 2 contracts

Sources: Office Lease Agreement (Cardiodx Inc), Office Lease Agreement (Cardiodx Inc)

Terms Applicable to Third Extension Term. A. During the Third Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to the Prevailing Market rate per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate; and (c) Base Rent shall be payable in monthly installments in accordance with the terms and conditions of the Lease, as amended. B. During the Third Extension Term Tenant shall pay Tenant’s Share of Expenses and Taxes for the Premises in accordance with the Lease, as amended.

Appears in 1 contract

Sources: Office Lease (Qualys, Inc.)

Terms Applicable to Third Extension Term. A. During the Third Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to the Prevailing Market rate per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate; and (c) Base Rent shall be payable in monthly installments in accordance with the terms and conditions of the Lease, Lease (as amended). B. During the Third Extension Term Tenant shall pay Tenant's Share of Expenses and Taxes for the New Space in accordance with the Lease (as amended).

Appears in 1 contract

Sources: Lease Agreement (Quinstreet, Inc)