Common use of Extended Term Rent Clause in Contracts

Extended Term Rent. In the event Tenant exercises the Option to Extend set forth herein, all the terms and conditions of this Lease shall continue to apply during the Extended Term (including the requirement to maintain the Letter of Credit Security in effect during the Extended Term in an amount equal to the last two (2) months’ of Base Rent for the Extended Term), except that the Base Rent payable by Tenant during the Extended Term shall be equal to the greater of (i) the Base Rent due hereunder with respect to the last month of the Initial Term, and (ii) one hundred percent (100%) of Fair Market Rent (as defined below), as determined pursuant to Section 3.02(c) below. “Fair Market Rent” shall mean the effective rental rate, determined on a per rentable square foot basis, being charged (including periodic adjustments thereto as applicable during the period of the Extended Term, to the extent such adjustments are determined to be part of the Fair Market Rent) in transactions entered into within the twelve (12) month period immediately preceding the Negotiation Period (as defined in subsection (c) below), for comparable space in comparable locations and quality buildings taking into account the following: (i) location within Sunnyvale or Mountain View (excluding downtown Mountain View), (ii) age and quality of the space considering any recent renovations or modernization, (iii) floor plate size and layout, (iv) leasehold improvements or allowances provided or to be provided, (v) signage, (vi) lease term, (vii) extent of services and amenities to be provided, (viii) the time that the particular rate under consideration became or is to become effective, and (ix) any other relevant terms or conditions applicable to both new and renewing tenants. If such comparable space is not available, then adjustments shall be made in the determination of Fair Market Rent based on the aforementioned considerations.

Extended Term Rent. In the event Tenant exercises the an Option to Extend set forth herein, all the terms and conditions of this Lease shall continue to apply during the Extended Term (including the requirement to maintain the Letter of Credit Security in effect during the Extended Term in an amount equal to the last two (2) months’ of Base Rent for the applicable Extended Term), except that the Base Rent payable by Tenant during the Extended Term shall be equal to the greater of (i) the Base Rent due hereunder with respect to the last month of the Initial initial Lease Term, as adjusted pursuant to Section 4.01(b) below, and (ii) one hundred percent (100%) of Fair Market Rent (as defined below), as determined pursuant to Section 3.02(c3.03(c) below. Base Rent shall continue to be subject to annual adjustments as provided in Section 4.01(b) below during the Extended Term. “Fair Market Rent” shall mean the effective rental rate, determined on a per rentable square foot basis, being charged (including periodic adjustments thereto as applicable during the period of the Extended Term, to the extent such adjustments are determined to be part of the Fair Market Rent) in transactions entered into within the twelve (12) month period immediately preceding the Negotiation Period (as defined in subsection (c) below), for comparable space in comparable locations and quality similar buildings taking into account in the following: vicinity of the Building (i) location within Sunnyvale or Mountain View (excluding downtown Mountain View)i.e., (ii) buildings of a similar age and quality of the space considering any recent renovations or modernization), (iii) with similar floor plate size and layoutwith similar amenities, (iv) or, if such comparable space is not available, then making adjustments in the determination of Fair Market Rent to reflect the age, quality, layout and amenities of the Premises and the Building, as contrasted to spaces in other buildings used for comparison purposes, in all instances taking into consideration: size; location; floor level; leasehold improvements or allowances provided or to be provided, (v) signage, (vi) ; lease term, (vii) ; extent of services and amenities to be provided, (viii) ; the time that the particular rate under consideration became or is to become effective, ; and (ix) any other relevant terms or conditions applicable to both new and renewing tenants. If such comparable space is not available, then adjustments shall be made in the determination of Fair Market Rent based on the aforementioned considerations.

Extended Term Rent. In the event Tenant exercises the its Option to Extend set forth herein, all the terms and conditions of this Lease shall continue to apply during the Extended Term (including the requirement to maintain the Letter of Credit Security in effect during the Extended Term in an amount equal to the last two (2) months’ of Base Rent for the Extended Term), except that the Base Rent payable by Tenant during the Extended Term shall be equal to the greater of (iA) the Base Rent due hereunder with respect to the last month of the Initial Term, and (ii) one hundred ninety-five percent (10095%) of the Fair Market Rent (as defined below), as determined pursuant under subsection (c) below or (B) an amount equal to Section 3.02(c) below$2.00 for each square foot of Rentable Area within the Premises. “Fair Market Rent” shall mean the effective rental rate, determined on a per rentable square foot basis, base rent rate being charged based on executed leases (including periodic adjustments thereto as applicable during the period of the Extended Term, to the extent such adjustments are determined to be part of the Fair Market Rent) in transactions entered into within the twelve (12) month period immediately preceding the Negotiation Period (as defined in subsection (c) below), for comparable space in comparable locations and quality similar buildings taking into account in the following: (i) location within Sunnyvale or Mountain View (excluding downtown Mountain View)vicinity, (ii) i.e., of a similar age and quality of the space considering any recent renovations or modernization, (iii) and floor plate size size, which space is non-sublease, non-equity, non-renewal, non-encumbered space comparable in size, location and layoutquality to the Premises, for a similar lease term, in an arm’s length transaction or, if such comparable space is not available, adjustments shall be made in the determination of Fair Market Rent to reflect the age and quality of the Premises as contrasted to other buildings used for comparison purposes, with similar amenities, making appropriate adjustments to the stated or “coupon” base rent (ivto obtain the effective base rent rate) leasehold for any rental abatement concessions, if any, being granted such tenants in connection with such comparable space, tenant improvements or allowances provided or to be provided, (v) signageterm of the lease, (vi) lease term, (vii) extent of services and amenities to be provided, (viii) the time that the particular rate under consideration became or is to become effective, and (ix) any other relevant terms or conditions applicable to both new and renewing tenants. If , including the amount of available parking and all other monetary and non-monetary concessions, if any, being granted such tenants in connection with such comparable space is not availabletransactions provided, then adjustments shall be made in the determination of however, that Fair Market Rent based on shall not take into account improvements to the aforementioned considerationsPremises provided or installed by Tenant at its cost to the extent not yet amortized by Tenant. In analyzing such comparable space, the parties and/or the appraisers shall give due consideration to the method by which the square footage of such space has been calculated.