METHODOLOGY FOR REVIEWING AND COMPARING THE COMPARABLE TRANSACTIONS. In order to analyze the Comparable Transactions based on the factors to be considered in calculating Market Rent, and given that the Comparable Transactions may vary in terms of length or term, rental rate, concessions, etc., the arbitrators shall determine a “Net Equivalent Lease Rate” for each of the Comparable Transactions, which will allow for an “apples to apples” comparison of the Comparable Transactions. The Net Equivalent Lease Rates for the Comparable Transactions shall then be used to reconcile, in a manner usual and customary for a real estate appraisal process, to a conclusion of Market Rent which shall be stated as a Net Equivalent Lease Rate applicable to the Option Term.
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Sources: Lease (Portola Pharmaceuticals Inc), Lease (Portola Pharmaceuticals Inc)