Common use of COMPARABLE BUILDINGS Clause in Contracts

COMPARABLE BUILDINGS. For purposes of this Lease, the term "Comparable Buildings" shall mean the Building and those certain other first-class life-science projects and spaces in Redwood City, California and the surrounding commercial area. With respect to Comparable Transactions that are not located in the Building, the Market Rent shall be adjusted, if necessary, to take into consideration the size, age, quality of construction and appearance of the Comparable Buildings as they the relate to the Building.

Appears in 4 contracts

Sources: Office Lease (Pulmonx Corp), Office Lease (Pulmonx Corp), Office Lease (Pulmonx Corp)

COMPARABLE BUILDINGS. For purposes of this Lease, the term "Comparable Buildings" shall mean the Building and those certain other first-class comparable life-science buildings located in comparable multi-building life science research projects and spaces located in Redwood CitySouth San Francisco, California and the surrounding commercial areaCalifornia. With respect to Comparable Transactions that are not located in the Building, the Market Rent shall be adjusted, if necessary, to take into consideration the location, size, age, quality of construction and appearance of the Comparable Buildings as they the relate to the Building.

Appears in 2 contracts

Sources: Lease (Portola Pharmaceuticals Inc), Lease (Portola Pharmaceuticals Inc)

COMPARABLE BUILDINGS. For purposes of this Lease, the term "Comparable Buildings" shall mean the Building and those certain other first-class life-science projects and spaces in Redwood CitySouth San Francisco, California and the surrounding commercial areaCalifornia. With respect to Comparable Transactions that are not located in the Building, the Market Rent shall be adjusted, if necessary, to take into consideration the size, age, quality of construction and appearance of the Comparable Buildings as they the relate to the Building.

Appears in 1 contract

Sources: Lease (Myriad Genetics Inc)