Option Rent. The Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the Market Rent, as that term is defined in Exhibit F, attached hereto, as such Market Rent is determined pursuant to Exhibit F, attached hereto. The calculation of the Market Rent shall be derived from a review of, and comparison to, the “Net Equivalent Lease Rates” of the “Comparable Transactions,” as provided for in Exhibit F, and, thereafter, the Market Rent shall be stated as a Net Equivalent Lease Rate for the Option Term.
Appears in 2 contracts
Samples: Office Lease (Lyft, Inc.), Office Lease (Lyft, Inc.)
Option Rent. The Rent payable by Tenant during the each Option Term (the “Option Rent”) shall be equal to the “Market Rent, ,” as that term is defined in Exhibit FH, attached hereto, as such Market Rent is determined pursuant to Exhibit FH, attached hereto. The calculation of the “Market Rent Rent” shall be derived from a review of, and comparison to, the “Net Equivalent Lease Rates” of the “Comparable Transactions,” as provided for in Exhibit FH, and, and thereafter, the Market Rent shall be stated as a “Net Equivalent Lease Rate Rate” for each year of the subject Option Term.
Appears in 2 contracts
Samples: Office Lease (ServiceTitan, Inc.), Office Lease (ServiceTitan, Inc.)
Option Rent. The Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the “Market Rent, ,” as that term is defined in Exhibit F, attached hereto, as such Market Rent is determined pursuant to Exhibit F, attached hereto. The calculation of the “Market Rent Rent” shall be derived from a review of, and comparison to, the “Net Equivalent Lease Rates” of the “Comparable Transactions,” as provided for in Exhibit F, and, thereafter, the Market Rent shall be stated as a “Net Equivalent Lease Rate Rate” for the Option Term.
Appears in 2 contracts
Option Rent. The Rent payable by Tenant during the Option Term (the “"Option Rent”") shall be equal to the "Market Rent, ," as that term is defined in in, and determined pursuant to, Exhibit F, G attached hereto, with respect to each Tranche of the Premises as of the commencement of the applicable Option Term for such Market Tranche, which shall not necessarily be equal to or greater than the Rent is determined pursuant in effect immediately prior to Exhibit F, attached heretothe commencement of the Option Term. The calculation of the Market Rent shall be derived from a review of, and comparison to, the “"Net Equivalent Lease Rates” " of the “"Comparable Transactions,” " as provided for in Exhibit F, and, thereafter, the Market Rent shall be stated as a Net Equivalent Lease Rate for the Option Term.G.
Appears in 1 contract
Samples: Office Lease (Salesforce Com Inc)
Option Rent. The Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the Market Rent, as that term is defined in Exhibit F, attached hereto, as such Market Rent is and determined pursuant to to, Exhibit F, H attached hereto. The calculation of the Market Rent shall be derived from a review of, and comparison to, the “Net Equivalent Lease Rates” Rates of the “Comparable Transactions,” , as provided for those terms are defined in Exhibit F, and, thereafter, the Market Rent shall be stated as a Net Equivalent Lease Rate for the Option Term.H.
Appears in 1 contract
Samples: Office Lease (Box Inc)
Option Rent. The Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the Market Rent, as that term is defined in Exhibit Fin, attached hereto, as such Market Rent is and determined pursuant to to, Exhibit F, F attached hereto. The calculation of the Market Rent shall be derived from a review of, and comparison to, the “Net Equivalent Lease Rates” of the “Comparable Transactions,” comparable transactions, as provided for in Exhibit F, and, thereafter, the Market Rent shall be stated as a Net Equivalent Lease Rate for the Option Term.F.
Appears in 1 contract
Samples: Office Lease (F5 Networks Inc)
Option Rent. The Rent payable by Tenant during the Option Term (the “"Option Rent”") shall be equal to the "Market Rent, ," as that term is defined in Exhibit F, attached hereto, as such Market Rent is determined pursuant to Exhibit F, attached hereto. The calculation of the "Market Rent Rent" shall be derived from a review of, and comparison to, the “"Net Equivalent Lease Rates” " of the “"Comparable Transactions,” " as provided for in Exhibit F, and, thereafter, the Market Rent shall be stated as a "Net Equivalent Lease Rate Rate" for the Option Term. In no event will the Option Rent be less than 103% of the Base Rent for Lease Year 11.
Appears in 1 contract
Samples: Office Lease (Atlassian Corp PLC)
Option Rent. The Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the “Market Rent, ,” as that term is defined in Exhibit FG, attached hereto, as such Market Rent is determined pursuant to Exhibit FG, attached hereto. The calculation of the “Market Rent Rent” shall be derived from a review of, and comparison to, the “Net Equivalent Lease Rates” of the “Comparable Transactions,” as provided for in Exhibit FG, and, thereafter, the Market Rent shall be stated as a “Net Equivalent Lease Rate Rate” for the Option Term.
Appears in 1 contract
Samples: Office Lease (Audience Inc)