Common use of Rental Value Determination Clause in Contracts

Rental Value Determination. Within thirty (30) days after the selection of the third broker, the three (3) brokers so selected, by majority opinion, shall make a determination of the annual fair market rental value of the Premises for the Extended Term. Such annual fair market rental value determination shall take into account all relevant factors. The brokers shall advise Landlord and Tenant in writing by the expiration of said thirty (30) day period of the annual fair market rental value.

Appears in 2 contracts

Samples: Burlington Mall Road (Flexion Therapeutics Inc), Burlington Mall Road (Flexion Therapeutics Inc)

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Rental Value Determination. Within thirty (30) days after the selection of the third broker, the three (3) brokers so selected, by majority opinion, shall make a determination of the annual fair market rental value of the Premises Prevailing Market Rent for the Extended Term. Such annual fair market rental value determination shall take into account all relevant factors. The brokers shall advise Landlord and Tenant in writing by the expiration of said thirty (30) day period of the annual fair market rental valuePrevailing Market Rent.

Appears in 2 contracts

Samples: Agreement (Decibel Therapeutics, Inc.), Agreement (Decibel Therapeutics, Inc.)

Rental Value Determination. Within thirty (30) days after the selection of -------------------------- the third broker, the three (3) brokers so selected, by majority opinion, shall make a determination of the annual fair market rental value of the Premises for the Extended Term. Such annual fair market rental value determination shall take into account all relevant factorsPrevailing Fair Market Rent. The brokers shall advise Landlord and Tenant in writing by the expiration of said thirty (30) day period of their determination of the annual fair market rental valueapplicable Prevailing Fair Market Rent ("Broker Determination").

Appears in 1 contract

Samples: Agreement (Parametric Technology Corp)

Rental Value Determination. Within thirty (30) days after the selection of the third brokerThird Broker, the three first and second Brokers (3) that is, the brokers so selected, selected by majority opinion, shall make a determination of the annual fair market rental value of the Premises for the Extended Term. Such annual fair market rental value determination shall take into account all relevant factors. The brokers shall advise Landlord and Tenant in writing aforesaid) shall each send a notice to the Third Broker, setting forth their individual determinations of such Annual Market Rent, and the Third Broker shall select from the two determinations that one which such Third Broker believes to be the more reasonable determination of Annual Market Rent. The determination selected by the expiration Third Broker shall be deemed to be the determination of said thirty (30) day period of Annual Market Rent and it shall be final and binding on the annual fair market rental valueparties.

Appears in 1 contract

Samples: Sublease (Datawatch Corp)

Rental Value Determination. Within thirty (30) days after the selection of the third broker, the three first and second Brokers (3that is, the brokers selected by Landlord and Tenant aforesaid) brokers so selectedshall each send a notice to the Third Broker, by majority opinionsetting forth their individual determinations of such annual fair market rental value, and the Third Broker shall make a select from the two determinations that one which such Third Broker believes to be the more reasonable determination of annual fair market rental. The determination selected by the Third Broker shall be deemed to be the determination of annual fair market rental value of and shall be final and binding on the Premises for the Extended Term. Such annual fair market rental value determination shall take into account all relevant factors. The brokers shall advise Landlord and Tenant in writing by the expiration of said thirty (30) day period of the annual fair market rental valueparties.

Appears in 1 contract

Samples: Sublease (Datawatch Corp)

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Rental Value Determination. Within thirty (30) days after the selection of the third broker, the three (3) brokers so selected, by majority opinion, shall make a determination of the annual fair market rental value of the Premises for the Extended Term. Such annual fair market rental value determination shall take into account all relevant factors. The brokers shall advise Landlord and Tenant in writing by the expiration of said thirty (30) day period of the annual fair market rental valuePrevailing Market Rent. Certain information indicated with [***] in this document has been omitted from this exhibit because it is both (i) not material and (ii) is the type that the registrant treats as private or confidential.

Appears in 1 contract

Samples: Lease Agreement (Tango Therapeutics, Inc.)

Rental Value Determination. Within thirty (30) days after the selection of the third broker, the three (3) brokers so selected, by majority opinion, shall make a determination of the annual fair market rental value of the Premises for the Extended Term. Such annual fair market rental value determination shall take into account all relevant factors. The brokers shall advise Landlord and Tenant in writing by the expiration of said thirty (30) day period of the annual fair market rental valuevalue which as so determined shall be referred to as the “Prevailing Market Rent.” Exhibit H 0000 Xxxx Xxxxxx Xxxxxx Xxxxxxxx. Inc. Lease

Appears in 1 contract

Samples: Lease (Markforged Holding Corp)

Rental Value Determination. Within thirty (30) days after the selection of the third broker, the three (3) brokers so selected, by majority opinion, shall make a determination of the annual fair market rental value of the Premises for the Extended Term. Such annual fair market rental value determination shall take period referred to in the Lease taking into account all relevant factors. The brokers shall advise Landlord and Tenant in writing by the expiration of said thirty (30) day period of the annual fair market rental valuevalue which as so determined shall be referred to as the Prevailing Market Rent.

Appears in 1 contract

Samples: NameMedia, Inc.

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