Common use of Fair Market Rent Clause in Contracts

Fair Market Rent. The term “Fair Market Rent” for purposes of determining Base Monthly Rent during the applicable Extension Period shall mean the greater of (i) the Base Monthly Rent payable during the last month prior to the commencement of the applicable Extension Period, or (ii) the base monthly rent generally applicable to similar leases in like buildings for space of comparable size, age, quality of the Premises in the San Jose, California area within the boundaries of Highways 237, 880 and 101, projected as of the first day of the applicable Extension Period by giving due consideration for the quality of the Building and improvements therein (including the quality of the then existing improvements in the Premises), for a term comparable to the applicable Extension Period at the time the commencement of the applicable Extension Period is scheduled to commence, without any deduction for amortization or cost of tenant improvements or commissions whether or not incurred by Landlord, and otherwise subject to the terms and conditions of this Lease that will be applicable during the applicable Extension Period.

Fair Market Rent. The term “Fair Market Rent” for purposes of determining Base Minimum Monthly Rent during the applicable Extension Period shall mean the greater of (i) the Base Minimum Monthly Rent payable during the last month prior to the commencement of the applicable Extension Period, or (ii) the base minimum monthly rent generally applicable to similar office leases in like at first class office buildings for space of comparable size, age, quality of the Leased Premises in the San Jose, California area within the boundaries Highway 50 Corridor submarket of Highways 237, 880 and 101, Sacramento projected as of the first day of the applicable Extension Period by giving due consideration for the quality of the Building and improvements therein (including the quality of the then existing improvements in the PremisesLeased Premises as if they had been newly constructed and paid for by Landlord on the first day of the Extension Period specifically for the Extension Period), the quality for credit tenants, for a term comparable to the applicable Extension Period at the time the commencement of the applicable Extension Period is scheduled to commence, commence (without any deduction for amortization or cost of tenant improvements moving allowances or commissions whether or not incurred by Landlord, incurred) and otherwise subject to the terms and conditions of this Lease that will be applicable during the applicable Extension Period.

Fair Market Rent. The term “"Fair Market Rent” " for purposes of determining Base Monthly Rent minimum monthly rent during the applicable Extension Period shall mean the greater of (i) the Base Monthly total monthly Rent payable during the last month prior to the commencement of the applicable Extension PeriodPeriod with an appropriate adjustment made for a new base year for the year in which the applicable Extension Period will commence, or (ii) the monthly base monthly rent generally applicable to similar full service office leases in like buildings for space of comparable size, age, quality of the Leased Premises in the downtown San Jose, California area within the boundaries of Highways 237, 880 and 101, projected as of the first day of the applicable Extension Period by location giving due consideration for the quality of the Building and improvements therein (including the quality of the then existing improvements in the Leased Premises), the quality for credit tenants, for a term comparable to the applicable Extension Period at the time the commencement of the applicable Extension Period is scheduled to commence, without any deduction with a new base year for amortization or cost of tenant improvements or commissions whether or not incurred by Landlordthe year in which the applicable Extension Period will commence, and otherwise subject to the terms and conditions of this Lease that will be applicable during the applicable Extension PeriodPeriod ("Fair Market Rent").

Fair Market Rent. The term “"Fair Market Rent” " for purposes of determining Base Monthly Rent during the applicable Extension Period shall mean the greater of (i) the Base Monthly Rent payable during the last month prior to the commencement of the applicable Extension Period, or (ii) the base monthly rent generally applicable to similar leases in like buildings with annual increases in base monthly rent for space of comparable size, age, quality of the Premises in the San Jose, California area within the boundaries of Highways 237, 880 and 101, projected as of the first day of the applicable Extension Period by giving due consideration for the quality of the Building and improvements therein (including the quality of the then existing improvements in the Premises), for a term comparable to the applicable Extension Period at the time the commencement of the applicable Extension Period is scheduled to commence, without any deduction for amortization or cost of tenant Tenant improvements or commissions whether or not incurred by Landlord, and otherwise subject to the terms and conditions of this Lease that will be applicable during the applicable Extension Period.