RENT DURING EXTENSION TERM. The initial Monthly Base Rent (subject to Paragraph 3(b)) during each five (5) year Extension Term shall be the greater of the Base Rent paid during the last month of the immediately preceding Term or the Fair Market Rental Value for the Premises as of the commencement of the option term, as determined below:
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Samples: Lease Agreement (Aruba Networks, Inc.), Lease Agreement (Broadcom Corp)
RENT DURING EXTENSION TERM. The initial Monthly Base Rent (subject to Paragraph 3(b)) during each five the six (56) year Extension Term shall be the greater of the Base Rent paid during the last month of the immediately preceding Initial Term or the Fair Market Rental Value for the Premises as of the commencement of the option term, as determined below:
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Samples: Lease Agreement (Handspring Inc), Lease Agreement (Handspring Inc)
RENT DURING EXTENSION TERM. The initial Monthly Base Rent (subject to Paragraph 3(b)) during each five (5) year Extension Term shall be the greater of the Base Rent paid during the last month of the immediately preceding Term Tern or the Fair Market Rental Value for the Premises as of the commencement of the option term, as determined below:
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Samples: Lease Agreement (Harmonic Inc)
RENT DURING EXTENSION TERM. The initial Monthly Base Rent (subject to Paragraph 3(b)) during each the five (5) year Extension Term shall be the greater of the Base Rent paid during the last month of the immediately preceding Term or the Fair Market Rental Value for the Premises as of the commencement of the option term, as determined belowbelow Exclusive of the First Right Space, the initial Monthly Base Rent during the Extension Term shall have a maximum cap of $57,148:
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RENT DURING EXTENSION TERM. The initial Monthly Base Rent (subject to Paragraph 3(b)) during each five (5) year the Extension Term shall be the greater of the Base Rent paid during the last month of the immediately preceding Term or ninety five percent (95%) of the Fair Market Rental Value for the Premises as of the commencement of the option term, as determined below:
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RENT DURING EXTENSION TERM. The initial Monthly Base Rent (subject to Paragraph 3(b4(b)) during each five the six (56) year Extension Term shall be the greater of the Base Rent paid during the last month of the immediately preceding Term or the Fair Market Rental Value for the Premises as of the commencement of the option term, as determined below:
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