Common use of Agreement on Rent Clause in Contracts

Agreement on Rent. Subject to the limitations of this Section, ------------------ Landlord and Tenant agree that the Base Rent during the Extension Term shall be equal to ninety-five percent (95%) of the fair market rental value of the Premises for the Extension Term. Landlord and Tenant shall have thirty (30) days after Landlord receives the Exercise Notice in which to agree on the Base Rent during the Extension Term. In determining the fair market rental value of the Premises during the Extension Term, consideration shall be given to the uses of the Premises permitted under this Lease, the quality, size, design and location of the Premises, and the rental value of comparable space located in the proximity of the Buildings. In no event shall the Base Rent for the Extension Term be less than the Base Rent last payable under this Lease during the Term. If Landlord and Tenant agree on the Base Rent for the Extension Term during the thirty (30) day period, they shall immediately execute an amendment to this Lease stating the Base Rent.

Appears in 1 contract

Samples: Tenant Improvements Construction Agreement (Consilium Inc)

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Agreement on Rent. Subject to the limitations of this Section, ------------------ Landlord and Tenant agree that the initial Base Rent during the Extension Term shall be equal to ninety-five percent (95%) of the fair market rental value of the Premises for the Extension Term. Landlord and Tenant shall have thirty (30) days after Landlord receives the Exercise Notice in which to agree on the initial Base Rent during the Extension Term. In determining the fair market rental value of the Premises during the Extension Term, consideration shall be given to the uses of the Premises permitted under this Lease, the quality, size, design and location of the Premises, and the rental value of comparable research and development space located in the proximity of the BuildingsMoffxxx Xxxk, Orleans Drive area in the City of Sunnyvale. In no event shall the initial Base Rent for the Extension Term be less than the initial Base Rent last payable under this Lease during the Term. If Landlord and Tenant agree on the Base Rent for the Extension Term during the thirty (30) day period, they shall immediately execute an amendment to this Lease stating the initial Base Rent. The Base Rent shall be subject to adjustment as specified in subsection 41.c. effective upon the first day of the thirty-first (31st) month of the Extension Term.

Appears in 1 contract

Samples: Sub Sublease (Computer Literacy Inc)

Agreement on Rent. Subject to the limitations of this ----------------- Section, ------------------ Landlord and Tenant agree that the Base Rent during the each Extension Term shall be equal to ninety-ninety five percent (95%) of the fair market rental value of the Premises for at the Extension time Tenant exercises its option to extend the Term. Landlord and Tenant shall have thirty (30) days after Landlord receives the Exercise Notice with respect to such Extension Term in which to agree on the Base Rent during the Extension Term. In determining the fair market rental value of the Premises during the Extension Term, consideration shall be given to the uses of the Premises permitted under this Lease, the quality, size, design and location of the Premises, and the rental value of comparable space located in the proximity of the BuildingsPremises. In no event shall the Base Rent for the Extension Term be less than the Base Rent last payable under this Lease during the last full month prior to the commencement of the Extension Term. If Landlord and Tenant agree on the Base Rent for the Extension Term during the thirty (30) day period, they shall immediately execute an amendment to this Lease stating the Base Rent.

Appears in 1 contract

Samples: Ibeam Broadcasting Corp

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Agreement on Rent. Subject to the limitations of this Section, ------------------ Landlord and Tenant agree that the Base Rent during the each Extension Term shall be equal to ninety-ninety five percent (95%) of the fair market rental value of the Premises for at the Extension time Tenant exercises its option to extend the Term. Landlord and Tenant shall have thirty (30) days after Landlord receives the Exercise Notice with respect to such Extension Term in which to agree on the Base Rent during the Extension Term. In determining the fair market rental value of the Premises during the Extension Term, consideration shall be given to the uses of the Premises permitted under this Lease, the quality, size, size design and location of the Premises, and the rental value of comparable space located in the proximity of the BuildingsPremises. In no event shall the Base Rent for the Extension Term be less than the Base Rent last payable under this Lease during the last full month prior to the commencement of the Extension Term. If Landlord and Tenant agree on the Base Rent for the Extension Term during the thirty (30) day period, they shall immediately execute an amendment to this Lease stating the Base Rent.

Appears in 1 contract

Samples: Marvell Technology Group LTD

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