METHODOLOGY FOR REVIEWING AND COMPARING THE COMPARABLE TRANSACTIONS. For purposes of this Section 5, the term "Comparable Transactions" shall include any proposed transactions with third parties for the First Offer Space (pursuant to Section 1.2 of this Lease). In order to analyze the Comparable Transactions based on the factors to be considered in calculating Market Rent and in order to evaluate the value of the Economic Terms (pursuant to Section 1.2 of this Lease), and given that the Comparable Transactions may vary in terms of length of term, rental rate, concessions, etc., the following steps shall be taken into consideration to "adjust" the objective data from each of the Comparable Transactions. By taking this approach, a "Net Equivalent Lease Rate" for each of the Comparable Transactions shall be determined using the following steps to adjust the Comparable Transactions, which will allow for an "apples to apples" comparison of the Comparable Transactions.
Appears in 3 contracts
Samples: Office Lease (Roku, Inc), Office Lease (Roku, Inc), Office Lease (8x8 Inc /De/)
METHODOLOGY FOR REVIEWING AND COMPARING THE COMPARABLE TRANSACTIONS. For purposes of this Section 5, the term "“Comparable Transactions" ” shall include any proposed transactions with third parties for the First Offer Space (pursuant to Section 1.2 of this Lease1.3 above). In order to analyze the Comparable Transactions based on the factors to be considered in calculating Market Rent and in order to evaluate the value of the Economic Terms (pursuant to Section 1.2 of this Lease)Rent, and given that the Comparable Transactions may vary in terms of length of or term, rental rate, concessions, etc., the following steps shall be taken into consideration to "“adjust" ” the objective data from each of the Comparable Transactions. By taking this approach, a "“Net Equivalent Lease Rate" ” for each of the Comparable Transactions shall be determined using the following steps to adjust the Comparable Transactions, which will allow for an "“apples to apples" ” comparison of the Comparable Transactions.
Appears in 2 contracts
Samples: Office Lease (Lyft, Inc.), Office Lease (Lyft, Inc.)
METHODOLOGY FOR REVIEWING AND COMPARING THE COMPARABLE TRANSACTIONS. For purposes of this Section 5, the term "“Comparable Transactions" ” shall include any proposed transactions with third parties for the First Offer Space and Offsite First Offer Space (pursuant to Section 1.2 of this Lease1.3 and 1.4 above, respectively). In order to analyze the Comparable Transactions based on the factors to be considered in calculating Market Rent and in order to evaluate the value of the Economic Terms (pursuant to Section 1.2 of this Lease1.3 and 1.4 above, respectively), and given that the Comparable Transactions may vary in terms of length of termterm (the “Comparable Term”), rental rate, concessions, etc., the following steps shall be taken into consideration to "“adjust" ” the objective data from each of the Comparable Transactions. By taking this approach, a "“Net Equivalent Lease Rate" ” for each of the Comparable Transactions shall be determined using the following steps to adjust the Comparable Transactions, which will allow for an "“apples to apples" ” comparison of the Comparable Transactions.
Appears in 1 contract
Samples: Office Lease (Box Inc)
METHODOLOGY FOR REVIEWING AND COMPARING THE COMPARABLE TRANSACTIONS. For purposes of this Section 5, the term "Comparable Transactions" shall include any proposed transactions with third parties for the First Offer Space (pursuant to Section 1.2 of this Lease1.4 above). In order to analyze the Comparable Transactions based on the factors to be considered in calculating Market Rent and in order to evaluate the value of the Economic Terms (pursuant to Section 1.2 of this Lease)Rent, and given that the Comparable Transactions may vary in terms of length of term, rental rate, concessions, etc., the following steps shall be taken into consideration to "adjust" the objective data from each of the Comparable Transactions. By taking this approach, a "Net Equivalent Lease Rate" for each of the Comparable Transactions shall be determined using the following steps to adjust the Comparable Transactions, which will allow for an "apples to apples" comparison of the Comparable Transactions.
Appears in 1 contract
Samples: Office Lease (Nektar Therapeutics)