Fair Market Rental. If Tenant exercises the right to extend the term, then the Monthly Base Rent shall be adjusted to equal the Fair Market Rental for the premises as of the date of the commencement of such Extended Term, pursuant to the procedures hereinafter set forth. The term “Fair Market Rental” means the Monthly Base Rent chargeable for the Leased Premises based upon the following factors applicable to the Leased Premises or any comparable premises:
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement (Applied Precision, Inc.)
Fair Market Rental. If Tenant exercises the right to extend the term, term then the Monthly Base Rent shall be adjusted to equal the Fair Market Rental for the premises Premises as of the date of the commencement of each such Extended Term, pursuant to the procedures hereinafter set forth. The term “"Fair Market Rental” " means the Monthly Base Rent chargeable for the Leased Premises based upon the following factors applicable to the Leased Premises or any comparable premises:
Appears in 1 contract
Samples: Lease (Pc Tel Inc)
Fair Market Rental. If Tenant exercises the right to extend the term, term then the Minimum Monthly Base Rent shall be adjusted to equal the Fair Market Rental for the premises Premises as of the date of the commencement of such the Extended Term, pursuant to the procedures hereinafter set forth. The term “"Fair Market Rental” " means the Minimum Monthly Base Rent chargeable for the Leased Premises based upon the following factors applicable to the Leased Premises or any comparable premises:
Appears in 1 contract
