Common use of Fair Market Rental Clause in Contracts

Fair Market Rental. If Tenant exercises the right to extend the term then the Minimum Monthly Rent shall be adjusted to equal the Fair Market Rental for the Premises as of the date of the commencement of the Extended Term, pursuant to the procedures hereinafter set forth. The term "Fair Market Rental" means the Minimum Monthly Rent chargeable for the Premises based upon the following factors applicable to the Premises or any comparable premises:

Appears in 1 contract

Samples: Entrada Networks Inc

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Fair Market Rental. If Tenant Lessee exercises the right to extend the term then the Minimum Monthly Rent shall be adjusted to equal the Fair Market Rental for the Premises premises as of the date of the commencement of the such Extended Term, pursuant to the procedures hereinafter set forth. The term "Fair Market Rental" means the Minimum Monthly Rent chargeable for the Premises based upon the following factors applicable to the Premises or any comparable premises:term

Appears in 1 contract

Samples: Sublease Agreement (Innova Corporation)

Fair Market Rental. If Tenant Lessee exercises the right to extend the term Term, then the Minimum Monthly Rent shall be adjusted to be equal to ninety per cent (90%) of the Fair Market Rental for the Premises premises as of the date of the commencement of the each such Extended Term, pursuant to the procedures hereinafter set forth. The term "Fair Market Rental" means the Minimum Monthly Rent chargeable for the Leased Premises based upon the following factors applicable to the Leased Premises or any comparable premises:

Appears in 1 contract

Samples: Second Lease Amendment (Sangstat Medical Corp)

Fair Market Rental. If Tenant Lessee exercises the right to extend the term then the Minimum Monthly Rent shall be adjusted to equal the Fair Market Rental for the Premises premises as of the date of the commencement of the such Extended Term, pursuant to the procedures hereinafter set forth. The term "Fair Market Rental" means the Minimum Monthly Rent chargeable for the Leased Premises based upon the following factors applicable to the Leased Premises or any comparable premises:

Appears in 1 contract

Samples: Lmi Aerospace Inc

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Fair Market Rental. If Tenant Lessee exercises the right to extend the term Term then the Minimum Monthly Rent shall be adjusted to equal the Fair Market Rental for the Leased Premises as of the date of the commencement of the Extended Renewal Term, pursuant to the procedures hereinafter set forth. The term "Fair Market Rental" means the Minimum Monthly Rent chargeable for the Leased Premises based upon the following factors applicable to the Leased Premises or any comparable premises:

Appears in 1 contract

Samples: MCB Financial Corp

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