USE OF NET EQUIVALENT LEASE RATES FOR COMPARABLE TRANSACTIONS Sample Clauses

USE OF NET EQUIVALENT LEASE RATES FOR 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 “NNN” lease rate applicable to each year of the Option Term. EXHIBIT F EXHIBIT G FORM OF LETTER OF CREDIT (Letterhead of a money center bank acceptable to the Landlord) FAX NO. [( ) - ] [Insert Bank Name And Address] SWIFT: [Insert No., if any] DATE OF ISSUE: BENEFICIARY: APPLICANT: [Insert Beneficiary Name And Address] [Insert Applicant Name And Address] LETTER OF CREDIT NO. EXPIRATION DATE: AMOUNT AVAILABLE: AT OUR COUNTERS USD[Insert Dollar Amount] (U.S. DOLLARS [Insert Dollar Amount]) LADIES AND GENTLEMEN: WE HEREBY ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. IN YOUR FAVOR FOR THE ACCOUNT OF [Insert Tenant’s Name], A [Insert Entity Type], UP TO THE AGGREGATE AMOUNT OF USD[Insert Dollar Amount] ([Insert Dollar Amount] U.S. DOLLARS) EFFECTIVE IMMEDIATELY AND EXPIRING ON (Expiration Date) AVAILABLE BY PAYMENT UPON PRESENTATION OF YOUR DRAFT AT SIGHT DRAWN ON [Insert Bank Name] WHEN ACCOMPANIED BY THE FOLLOWING DOCUMENT(S):
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USE OF NET EQUIVALENT LEASE RATES FOR 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 the Option Term (or First Offer Term, as applicable). EXHIBIT F EXHIBIT G FORM OF LETTER OF CREDIT IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER ______________ ISSUE DATE: _____________ ISSUING BANK: SILICON VALLEY BANK 3003 TASMAN DRIVE 2ND FLOOR, MAIL SORT HF210 XXXXX XXXXX, XXXXXXXXXX 00000 BENEFICIARY: HGP SAN MATEO OWNER LLC c/x XXXXX 000 XXXXXXXXXX XX. XXXXX 0000 XXX XXXXXXXXX, XX 00000 APPLICANT: MEDALLIA, INC. 000 XXXXXX XX. XXX XXXXX, XX 00000 AMOUNT: US$8,131,450.50 (EIGHT MILLION ONE HUNDRED AND THIRTY-ONE THOUSAND FOUR HUNDRED AND FIFTY AND 50/100 U.S. DOLLARS) EXPIRATION DATE: [INSERT DATE THAT IS 1 YEAR FROM ISSUANCE - ________________] LOCATION: SANTA CLARA, CALIFORNIA DEAR SIR/MADAM: WE HEREBY ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. SVBSF ______ IN YOUR FAVOR AVAILABLE BY YOUR DRAFTS DRAWN ON US AT SIGHT IN THE FORM OF EXHIBIT “A” ATTACHED AND ACCOMPANIED BY THE FOLLOWING DOCUMENTS:
USE OF NET EQUIVALENT LEASE RATES FOR 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 “NNN” lease rate applicable to each year of the Option Term. An example of the application of the process set forth in this Exhibit H to arrive at the Market Rent is attached hereto as Schedule 1. SCHEDULE 1 TO EXHIBIT H 000 XXXXXX XXXXXX DETERMINATION OF MARKET RENT — EXAMPLE As an example of the determination of the Market Rent, assume that there is a 10,000 rentable square foot Comparable Transaction with a five (5) year term, Base Rent of $75.00 per rentable square foot with One Dollar ($1) annual increases, an improvement allowance of $25.00 per rentable square foot, three (3) months of free rent, and Operating Expenses and Tax Expenses of $12.00 per rentable square foot. Based on the foregoing, the Net Equivalent Lease Rate analysis would be as follows.
USE OF NET EQUIVALENT LEASE RATES FOR 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 "Base Year" lease rate applicable to each year of the Option Term. An example of the application of using the process set forth on this Exhibit G to arrive at the Market Rent is attached hereto as Schedule 1. SCHEDULE 1 TO EXHIBIT G XXXXXX SABRE SPRINGS DETERMINATION OF MARKET RENT—EXAMPLE As an example of the determination of the Market Rent, assume that there is a 100,000 rentable square foot Comparable Transaction with a five (5) year term, Base Rent of $75.00 per rentable square foot with One Dollar ($1) annual increases, a tenant improvement allowance of $25.00 per rentable square foot, three (3) months of free rent, and Base Year Operating Expenses and Tax Expenses of $12.00 per rentable square foot. Based on the foregoing, the Net Equivalent Lease Rate analysis would be as follows.
USE OF NET EQUIVALENT LEASE RATES FOR 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 the Option Term. EXHIBIT H FORM OF LETTER OF CREDIT (Letterhead of JPMC) October , 2012 Xxxxxx 1455 Market, LLC 00000 Xxxxxxxx Xxxxxxxxx, Xxxxx 0000 Xxx Xxxxxxx, Xxxxxxxxxx 00000 Attention: Mr. Xxxxxx Xxxxx Gentlemen: We hereby establish our Irrevocable Letter of Credit and authorize you to draw on us at sight for the account of SQUARE, INC., 000 Xxxxxxx Xxxxxx, Xxx Xxxxxxxxx, Xxxxxxxxxx 00000 (“Applicant”), a Delaware corporation, the aggregate amount of Nine Million Dollars ($9,000,000). Funds under this Letter of Credit are available to the beneficiary hereof as follows: Any or all of the sums hereunder may be drawn down at any time and from time to time from and after the date hereof by Xxxxxx 1455 Market, LLC (“Beneficiary”) by presentation of a sight draft on us when accompanied by this Letter of Credit and a written dated statement signed by Beneficiary, certifying that:
USE OF NET EQUIVALENT LEASE RATES FOR 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. EXHIBIT F-2- [HCP LIFE SCIENCES][BRITANNIA SEAPORT CENTRE][Puhnonx, Inc.] EXHIBIT G BRITANNIA SEAPORT CENTRE ENVIRONMENTAL QUESTIONNAIRE ENVIRONMENTAL QUESTIONNAIRE FOR COMMERCIAL AND INDUSTRIAL PROPERTIES Property Name: Property Address: Instructions: The following questionnaire is to be completed by the Lessee representative with knowledge of the planned operations for the specified building/location. Please print clearly and attach additional sheets as necessary.
USE OF NET EQUIVALENT LEASE RATES FOR 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 each year of the Option Term. EXHIBIT I 0000 XXXXXXXX XXXXX ORIGINAL IMPROVEMENT REMOVAL ITEMS [ATTACHED] EXHIBIT I EXHIBIT J 0000 XXXXXXXX XXXXX PRIOR TENANT REMOVAL ITEMS [ATTACHED] EXHIBIT J
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USE OF NET EQUIVALENT LEASE RATES FOR 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 the Option Term. EXHIBIT G SCHEDULE 1 TO EXHIBIT G THE EXCHANGE DEPICTION OF COMPARABLE AREA SCHEDULE 1 TO EXHIBIT G EXHIBIT H THE EXCHANGE RECOGNITION OF COVENANTS, CONDITIONS, AND RESTRICTIONS FORM OF RECOGNITION OF COVENANTS, CONDITIONS, AND RESTRICTIONS RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: XXXXX XXXXXXX XXXX XXXXXX XXXXXXX & XXXXXX LLP 1901 Avenue of the Stars, 00xx Xxxxx Xxx Xxxxxxx, Xxxxxxxxxx 00000 Attention: Xxxxx X. Xxxxxx, Esq.
USE OF NET EQUIVALENT LEASE RATES FOR 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 the Option Term. EXHIBIT F 000 XXX XXXXXXXXXX XXXXXX EXHIBIT G 000 XXX XXXXXXXXXX XXXXXX FORM OF LETTER OF CREDIT Xxxxx Fargo Bank, X.X. X. X. TRADE SERVICESStandby Letters of Credit MAC A0195-212 Xxx Xxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxxxxxxx, XX. 00000 Phone: 0(000) 000-0000 Option 1 E-Mail: xxxxxxx@xxxxxxxxxx.xxx IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER Issue Date: BENEFICIARY: APPLICANT: [INSERT NAME AND ADDRESS] [INSERT NAME AND ADDRESS]
USE OF NET EQUIVALENT LEASE RATES FOR 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 "Base Year" lease rate applicable to each year of the Option Term. An example of the application of using the process set forth on this Exhibit G to arrive at the Market Rent is attached hereto as Schedule 1. [***] Confidential portions of this document have been redacted and filed separately with the Commission. XXXXXX SABRE SPRINGS DETERMINATION OF MARKET RENT—EXAMPLE As an example of the determination of the Market Rent, assume that there is a 100,000 rentable square foot Comparable Transaction with a five (5) year term, Base Rent of $75.00 per rentable square foot with One Dollar ($1) annual increases, a tenant improvement allowance of $25.00 per rentable square foot, three (3) months of free rent, and Base Year Operating Expenses and Tax Expenses of $12.00 per rentable square foot. Based on the foregoing, the Net Equivalent Lease Rate analysis would be as follows.
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