DEFINITION OF FAIR MARKET RENTAL VALUE. For the purposes of this Rider:
DEFINITION OF FAIR MARKET RENTAL VALUE. Wherever used throughout this Paragraph 44 [Rent During Extension Term] the term “Fair Market Rental Value” shall mean the fair market rental value of the Premises, using as a guide the monthly base rent (on a per rentable square foot basis) which would be charged during the Extension Term (including periodic increases during the Extension Term, if any) in a comparable location in the Mountain View Area for comparable commercial space of comparable size, in comparable condition, and of comparable quality as of the time that the Extension Term commences, taking into account that the Premises can be used either by a single tenant as a campus or by multiple tenants, and with appropriate adjustments regarding taxes, insurance and operating expenses as necessary to insure comparability to this Lease, as the case may be. Without limiting the foregoing, the Fair Market Rental Value shall reflect the amount and type of parking, existing utilities, communications facilities and leasehold improvements (regardless of who paid for them and with the assumption, for purposes of the determination of Fair Market Rental Value, that they are fully usable by Tenant), proposed term of lease, amount of space leased, extent of service provided or to be provided, and any other relevant terms or conditions; provided, however that the Fair Market Rental Value shall not reflect, or provide any discount for, the fact that otherwise comparable leases vary with this Lease with respect to tenant improvement allowances; phase-ins or early Occupancy agreements; moving costs; rebates; signing bonuses; early lease terminations; lease buy-outs; free rent and other rent concessions; leasing commissions; and other related costs.
DEFINITION OF FAIR MARKET RENTAL VALUE. A. "Fair Market Rental Value" shall be computed as of the date in question at the then current Yearly Rent, including provisions for subsequent increases and other adjustments for leases or agreements to lease then currently being negotiated, or executed in comparable space located in the Complex, or if no such leases or agreements to lease are then currently being negotiated or executed in the Complex, the Fair Market Rental Value shall be determined by reference to leases or agreements to lease then currently being negotiated or executed for comparable space located elsewhere in first-class office buildings located in East Cambridge, Massachusetts. In determining Fair Market Rental Value, all relevant factors shall be taken into account and given effect, including, without limitation: size, location and condition of Premises, lease term, including renewal options, tenant’s obligations with respect to operating expenses and taxes, tenant improvement allowances, condition of building, and services and amenities provided by the Landlord.
DEFINITION OF FAIR MARKET RENTAL VALUE. The “Fair Market Rental Value” of the Premises shall be the rental rate, determined in accordance with this Paragraph 51(b) for similar industrial space in the Moreno Valley, California area that is: (A) not subleased; (B) not subject to another tenant’s expansion rights; (C) comparable in size, location, and quality to the Premises; and (D) leased for a term comparable to the remaining term of the Original Term.
DEFINITION OF FAIR MARKET RENTAL VALUE. For purposes of this Paragraph 4.C., “Fair Market Rental Value” of the Premises shall be the rental rate at which tenants lease comparable space to the Premises as of the commencement of the Extension Term. For this purpose, “comparable space” shall be space that is: (a) not subleased; (b) not subject to another tenant’s expansion rights; (c) comparable in age, size, location, and quality to the Premises; (d) leased for a term comparable to the Extension Term; and (e) located in a building comparable to the Building. In determining the rental rate of comparable space, the parties shall take into consideration periodic rent escalations and also take into consideration the following concessions: (a) rental abatement concessions, if any, being granted to tenants in connection with the comparable space; and (b) tenant improvements or allowances provided or to be provided for the comparable space, taking into account the value of the existing improvements in the Premises, based on the age, quality, and layout of the improvements. Notwithstanding anything to the contrary herein, the Fair Market Rental Value of the Premises as determined pursuant to this Paragraph 4.C. shall include annual escalations during the Extension Term.
DEFINITION OF FAIR MARKET RENTAL VALUE. With respect to the Extended Term(s), right of first negotiation and preferential right to lease provisions hereunder, the applicable Fair Market Rental Value shall be that rate (determined on a "modified gross" lease basis) charged to non-sublease, non-equity tenants for space of comparable size, location and conditions, in the Comparable Buildings taking into consideration the following:
DEFINITION OF FAIR MARKET RENTAL VALUE. 13.1 Definition of Fair Market Rental Value
DEFINITION OF FAIR MARKET RENTAL VALUE. Wherever used throughout this Paragraph 44 [Rent During Extension Term]
DEFINITION OF FAIR MARKET RENTAL VALUE. Wherever used throughout this Paragraph 44 [Rent During Extension Term] the term "Fair Market Rental Value" shall mean the fair market rental value of the Premises, using as a guide the monthly base rent (on a per rentable square foot basis) which would be charged during the Extension Term (including periodic increases during the Extension Term, if any) in a comparable location in the Mountain View Area for comparable commercial space of comparable size, in comparable condition, and of comparable quality as of the time that the Extension Term commences, taking into account that the Premises can be used either by a single tenant as a campus or by multiple tenants, and with appropriate adjustments regarding taxes, insurance and operating expenses as necessary to insure comparability to this Lease, as the case may be. Without limiting the foregoing, the Fair Market Rental Value shall reflect the amount and type of parking, existing utilities, communications facilities and leasehold improvements (regardless of who paid for them and with the assumption, for purposes of the determination of Fair Market Rental Value, that they are fully usable by Tenant), proposed term of lease, amount of space leased, extent of service provided or to be provided, and any other relevant terms or conditions; provided, however that the Fair Market Rental Value shall not reflect, or provide any discount for, the fact that otherwise comparable leases vary with this Lease with respect to tenant improvement allowances; phase-ins or early occupancy agreements; moving costs; rebates; signing bonuses; early lease terminations; lease buy-outs; free rent and other rent concessions; leasing commissions; and other related costs. (c)
DEFINITION OF FAIR MARKET RENTAL VALUE. For the purposes hereof:
