Common use of Option Rent Clause in Contracts

Option Rent. The rent payable by Tenant during the Option Term (“Option Rent”) shall be equal to the then “Market Rent” (as hereinafter defined), but in no event shall the Option Rent be less than the amount Tenant is obligated to pay under this Lease on the month immediately preceding the Option Term for monthly Base Rent, including all escalations, Direct Expenses, Additional Rent and other charges. “Market Rent” shall mean the applicable Base Rent, including all escalations, Direct Expenses, Additional Rent and other charges, at which tenants, as of the commencement of the Option Term, are leasing non-sublease, non-encumbered, space comparable in size, location and quality to the Premises in renewal transactions for a term comparable to the Option Term, which comparable space is located in office projects comparable to the Project on El Camino Real and High Bluff Drive in the Del Mar Heights area of San Diego, taking into consideration the value of the existing improvements in the Premises to Tenant, as compared to the value of the existing improvements in such comparable space, with such value to be based upon the age, quality and layout of the improvements and the extent to which the same could be utilized by Tenant with consideration given to the fact that the improvements existing in the Premises are specifically suitable to Tenant.

Option Rent. The rent payable by Tenant during the Option Term (“Option Rent”) shall be equal to the then “Market Rent” (as hereinafter defineddefined below), but in no event shall the Option Rent be less than the amount Tenant is obligated to pay paying under this the Lease on the month immediately preceding the Option Term for monthly Base RentBasic Rental, including all escalations, Direct ExpensesCosts, Additional Rent additional rent and other charges. “Market Rent” shall mean the applicable Base Rentmonthly Basic Rental, including all escalations, Direct ExpensesCosts, Additional Rent additional rent and other charges, charges at which tenants, as of the commencement of the Option Term, are leasing non-sublease, non-encumbered, space comparable in size, location and quality to the Premises in renewal transactions for a term comparable to the Option Term, Term which comparable space is located in office projects buildings comparable to the Project on El Camino Real and High Bluff Drive in the Del Mar Heights area Sorrento Mesa submarket of San Diego, California, taking into consideration the value of the existing improvements in the Premises to Tenant, as compared to the value of the existing improvements in such comparable space, with such value to be based upon the age, quality and layout of the improvements and the extent to which the same could be utilized by Tenant with consideration given to the fact that the improvements existing in the Premises are specifically suitable to Tenant.

Option Rent. The rent payable by Tenant during the Option Term (“Option Rent”"OPTION RENT") shall be equal to the then “"Market Rent” " (as hereinafter defineddefined below), but in no event shall the Option Rent be less than the amount Tenant is obligated to pay paying under this the Lease on the month immediately preceding the Option Term for monthly Base RentMonthly Basic Rental, including all escalations, Direct ExpensesCosts, Additional Rent additional rent and other charges. “Market Rent” "MARKET RENT" shall mean the applicable Base RentMonthly Basic Rental, including all escalations, Direct ExpensesCosts, Additional Rent additional rent and other charges, charges at which tenants, as of the commencement time of the Landlord's "Option TermRent Notice" (as defined below), are leasing entering into leases for non-sublease, non-encumbered, space comparable in size, location and quality to the Premises in renewal transactions for a term comparable to the Option Term, Term which comparable space is located in office projects buildings comparable to the Project on El Camino Real and High Bluff Drive in the Del Mar Heights area of San DiegoBeverly Hills, California, taking into consideration the value of the existing improvements in the Premises to Tenant, as compared to the value of the existing improvements in such comparable space, with such value to be based upon the age, quality and layout of the improvements and the extent to which the same could be utilized by -26- <PAGE> Tenant with consideration given to the fact that the improvements existing in the Premises are specifically suitable to Tenant.

Option Rent. The rent payable by Tenant during the Option Term (“Option Rent”"OPTION RENT") shall be equal to the then “"Market Rent” " (as hereinafter defineddefined below), but in no event shall the Option Rent be less than the amount Tenant is obligated to pay paying under this the Lease on the month immediately preceding the Option Term for monthly Base RentMonthly Basic Rental, including all escalations, Direct ExpensesCosts, Additional Rent additional rent and other charges. “Market Rent” "MARKET RENT" shall mean the applicable Base RentMonthly Basic Rental, including all escalations, Direct ExpensesCosts, Additional Rent additional rent and other charges, charges at which tenants, as of the commencement time of the Landlord's "Option TermRent Notice" (as defined below), are leasing entering into leases for non-sublease, non-encumbered, space comparable in size, location and quality to the Premises in renewal transactions for a term comparable to the Option Term, Term which comparable space is located in office projects buildings comparable to the Project on El Camino Real and High Bluff Drive in the Del Mar Heights area of San DiegoBeverly Hills, California, taking into consideration the value of the existing improvements in the Premises to Tenant, as compared to the value of the existing improvements in such comparable space, with such value to be based upon the age, quality and layout of the improvements and the extent to which the same could be utilized by Tenant with consideration given to the fact that the improvements existing in the Premises are specifically suitable to Tenant.

Option Rent. The rent payable by Tenant during the Option Term (“"Option ----------- Rent”") shall be equal to the then “"Market Rent” " (as hereinafter defineddefined below ), but in no now event shall the Option Rent be less than the amount Tenant is obligated to pay paying under this the Lease on the month immediately preceding the Option Term for monthly Base RentMonthly Basic Rental, including all escalations, Direct ExpensesCosts, Additional Rent additional rent and other charges. “"Market Rent” " shall mean the applicable Base RentMonthly Basic Rental, including all escalations, Direct ExpensesCosts, Additional Rent additional rent and other charges, charges at which tenants, as of the commencement time of the Landlord's "Option TermRent Notice" (as defined below), are leasing entering into leases for non-sublease, non-encumbered, space comparable in size, location and quality to the Premises in renewal transactions for a term comparable to the Option Term, Term which comparable space is located in office projects buildings comparable to the Project on El Camino Real and High Bluff Drive in the Del Mar Heights area of San DiegoTemecula, taking California taking, into consideration the value of the existing improvements in the Premises to Tenant, as compared to the value of the existing improvements in such comparable space, with w it h such value to be based upon the age, quality and layout of the improvements and the extent to which the same could be utilized by Tenant with consideration given to the fact that the improvements existing in the Premises are specifically suitable to Tenant.