{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "refer-to-the", "type": "definition", "offset": [6, 18]}, {"key": "the-lease-term", "type": "definition", "offset": [29, 43]}, {"key": "without-consideration", "type": "definition", "offset": [45, 66]}, {"key": "options-to-extend", "type": "definition", "offset": [70, 87]}, {"key": "the-space", "type": "definition", "offset": [103, 112]}, {"key": "in-addition", "type": "clause", "offset": [126, 137]}, {"key": "market-rent", "type": "clause", "offset": [164, 175]}, {"key": "financial-security", "type": "definition", "offset": [281, 299]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [309, 327]}, {"key": "rent-obligations", "type": "clause", "offset": [354, 370]}, {"key": "option-term", "type": "definition", "offset": [382, 393]}, {"key": "first-offer-term", "type": "clause", "offset": [397, 413]}, {"key": "the-case", "type": "definition", "offset": [418, 426]}, {"key": "such-determination", "type": "definition", "offset": [436, 454]}, {"key": "credit-history", "type": "definition", "offset": [615, 629]}, {"key": "then-existing", "type": "definition", "offset": [637, 650]}, {"key": "adjustments-to-account", "type": "clause", "offset": [718, 740]}, {"key": "financial-condition-of-tenant", "type": "clause", "offset": [778, 807]}, {"key": "other-tenants", "type": "definition", "offset": [817, 830]}, {"key": "allowance-for", "type": "clause", "offset": [919, 932]}, {"key": "improvement-of-the-premises", "type": "clause", "offset": [937, 964]}, {"key": "first-offer-space", "type": "definition", "offset": [972, 989]}, {"key": "improvement-allowance", "type": "clause", "offset": [1029, 1050]}, {"key": "a-portion", "type": "definition", "offset": [1108, 1117]}, {"key": "to-tenant", "type": "definition", "offset": [1202, 1211]}, {"key": "rental-rate", "type": "clause", "offset": [1305, 1316]}, {"key": "tenant-will", "type": "clause", "offset": [1413, 1424]}, {"key": "the-total", "type": "clause", "offset": [1437, 1446]}, {"key": "dollar-value", "type": "clause", "offset": [1447, 1459]}, {"key": "granted-to", "type": "clause", "offset": [1614, 1624]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [1634, 1684]}, {"key": "number-of", "type": "definition", "offset": [1744, 1753]}, {"key": "terms-to", "type": "definition", "offset": [1793, 1801]}, {"key": "the-option", "type": "clause", "offset": [1802, 1812]}, {"key": "determine-the", "type": "clause", "offset": [1863, 1876]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [1999, 2027]}, {"key": "equal-to", "type": "definition", "offset": [2043, 2051]}, {"key": "with-terms", "type": "clause", "offset": [2077, 2087]}, {"key": "provided-that", "type": "clause", "offset": [2107, 2120]}, {"key": "account-for-the", "type": "clause", "offset": [2172, 2187]}, {"key": "terms-of-the", "type": "clause", "offset": [2279, 2291]}], "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. In addition, the determination of the Market Rent shall include a determination as to whether, and if so to what extent, Tenant must provide Landlord with financial security, such as a letter of credit or guaranty, for Tenant\u2019s rent obligations during any Option Term or First Offer Term (as the case may be). Such determination shall be made by reviewing the extent of financial security then generally being imposed in Comparable Deals upon tenants of comparable financial condition and credit history to the then existing financial condition and credit history of Tenant (with appropriate adjustments to account for differences in the then-existing financial condition of Tenant and such other tenants). If in determining the Market Rent, Tenant is entitled to an improvement or comparable allowance for the improvement of the Premises or the First Offer Space (as the case may be) (the \u201cMarket Rent Improvement Allowance\u201d), Landlord may, at Landlord\u2019s sole option, elect any or a portion of the following: (A) to grant some or all of the Market Rent Improvement Allowance to Tenant in the form as described above (i.e., as an improvement allowance), and/or (B) to reduce the rental rate component of the Market Rent to be an effective rental rate which takes into consideration that Tenant will not receive the total dollar value of such excess Market Rent Improvement Allowance (in which case the Market Rent Improvement Allowance evidenced in the effective rental rate shall not be granted to Tenant). Notwithstanding anything to the contrary contained above in this Section 2.2.2, if there are not a sufficient number of Comparable Deals with comparable lease terms to the Option Term (or First Offer Term, as the case may be) to determine the Market Rent of the Premises (or First Offer Space, as the case may be) for a lease of such duration, then the Market Rent for purposes of this Section 2.2.2 shall be equal to that of Comparable Deals with terms of five (5) years, provided that the concessions shall be appropriately adjusted to account for the difference between the Option Term (or First Offer Term, as the case may be) and the lease terms of the Comparable Deals.", "samples": [{"hash": "127dcl8y2Ns", "uri": "/contracts/127dcl8y2Ns#comparable-term", "label": "Office Lease (Dermavant Sciences LTD)", "score": 30.3908290863, "published": true}, {"hash": "7w0IZtwTpz4", "uri": "/contracts/7w0IZtwTpz4#comparable-term", "label": "Office Lease (Dermavant Sciences LTD)", "score": 30.2375087738, "published": true}], "size": 12, "hash": "dd840f4de75a8e9283ef57431afbbe85", "id": 1}, {"snippet_links": [{"key": "refer-to-the", "type": "definition", "offset": [6, 18]}, {"key": "the-lease-term", "type": "definition", "offset": [29, 43]}, {"key": "without-consideration", "type": "definition", "offset": [45, 66]}, {"key": "options-to-extend", "type": "definition", "offset": [70, 87]}, {"key": "the-space", "type": "definition", "offset": [103, 112]}, {"key": "in-addition", "type": "clause", "offset": [126, 137]}, {"key": "market-rent", "type": "clause", "offset": [164, 175]}, {"key": "financial-security", "type": "definition", "offset": [281, 299]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [309, 327]}, {"key": "rent-obligations", "type": "clause", "offset": [354, 370]}, {"key": "option-term", "type": "definition", "offset": [382, 393]}, {"key": "such-determination", "type": "definition", "offset": [395, 413]}, {"key": "comparable-transactions", "type": "definition", "offset": [506, 529]}, {"key": "credit-history", "type": "definition", "offset": [581, 595]}, {"key": "then-existing", "type": "definition", "offset": [603, 616]}, {"key": "adjustments-to-account", "type": "clause", "offset": [684, 706]}, {"key": "financial-condition-of-tenant", "type": "clause", "offset": [744, 773]}, {"key": "other-tenants", "type": "definition", "offset": [783, 796]}, {"key": "tenant-improvement", "type": "clause", "offset": [858, 876]}, {"key": "allowance-for", "type": "clause", "offset": [891, 904]}, {"key": "improvement-of-the-premises", "type": "clause", "offset": [909, 936]}, {"key": "ti-allowance", "type": "definition", "offset": [955, 967]}, {"key": "a-portion", "type": "definition", "offset": [1025, 1034]}, {"key": "the-option", "type": "clause", "offset": [1081, 1091]}, {"key": "to-tenant", "type": "definition", "offset": [1110, 1119]}, {"key": "improvement-allowance", "type": "clause", "offset": [1164, 1185]}, {"key": "rental-rate", "type": "clause", "offset": [1213, 1224]}, {"key": "tenant-will", "type": "clause", "offset": [1321, 1332]}, {"key": "the-total", "type": "clause", "offset": [1345, 1354]}, {"key": "dollar-value", "type": "clause", "offset": [1355, 1367]}, {"key": "granted-to", "type": "clause", "offset": [1504, 1514]}, {"key": "the-term", "type": "definition", "offset": [1524, 1532]}, {"key": "comparable-buildings", "type": "definition", "offset": [1534, 1554]}, {"key": "the-building", "type": "definition", "offset": [1567, 1579]}, {"key": "office-buildings", "type": "clause", "offset": [1602, 1618]}, {"key": "terms-of", "type": "definition", "offset": [1659, 1667]}, {"key": "completion-of-construction", "type": "definition", "offset": [1696, 1722]}, {"key": "major-renovation", "type": "definition", "offset": [1726, 1742]}, {"key": "premises-in", "type": "clause", "offset": [1792, 1803]}, {"key": "quality-of-construction", "type": "clause", "offset": [1815, 1838]}, {"key": "services-and-amenities", "type": "clause", "offset": [1849, 1871]}, {"key": "located-in", "type": "definition", "offset": [1902, 1912]}], "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. In addition, the determination of the Market Rent shall include a determination as to whether, and if so to what extent, Tenant must provide Landlord with financial security, such as a letter of credit or guaranty, for Tenant\u2019s rent obligations during any Option Term. Such determination shall be made by reviewing the extent of financial security then generally being imposed in Comparable Transactions upon tenants of comparable financial condition and credit history to the then existing financial condition and credit history of Tenant (with appropriate adjustments to account for differences in the then-existing financial condition of Tenant and such other tenants). If in determining the Market Rent, Tenant is entitled to a tenant improvement or comparable allowance for the improvement of the Premises (the \u201cOption Term TI Allowance\u201d), Landlord may, at Landlord\u2019s sole option, elect any or a portion of the following: (A) to grant some or all of the Option Term TI Allowance to Tenant in the form as described above (i.e., as an improvement allowance), and/or (B) to reduce the rental rate component of the Market Rent to be an effective rental rate which takes into consideration that Tenant will not receive the total dollar value of such excess Option Term TI Allowance (in which case the Option Term TI Allowance evidenced in the effective rental rate shall not be granted to Tenant). The term \u201cComparable Buildings\u201d shall mean the Building and other first-class office buildings which are comparable to the Building in terms of age (based upon the date of completion of construction or major renovation as to the building containing the portion of the Premises in question), quality of construction, level of services and amenities, size and appearance, and are located in the Del Mar, California area (the (\u201cComparable Area\u201d).", "samples": [{"hash": "5mI2gCuHhvN", "uri": "/contracts/5mI2gCuHhvN#comparable-term", "label": "Office Lease (Aries Ventures Inc)", "score": 19.0, "published": true}], "size": 9, "hash": "1590ec332fd5a48f0ac89255342442a2", "id": 2}, {"snippet_links": [{"key": "refer-to-the", "type": "definition", "offset": [6, 18]}, {"key": "the-lease-term", "type": "definition", "offset": [29, 43]}, {"key": "without-consideration", "type": "definition", "offset": [45, 66]}, {"key": "options-to-extend", "type": "definition", "offset": [70, 87]}, {"key": "the-space", "type": "definition", "offset": [103, 112]}, {"key": "market-rent", "type": "clause", "offset": [148, 159]}, {"key": "option-term", "type": "definition", "offset": [167, 178]}, {"key": "pursuant-to-the", "type": "definition", "offset": [194, 209]}, {"key": "rent-concessions", "type": "definition", "offset": [235, 251]}, {"key": "tenant-improvement", "type": "clause", "offset": [298, 316]}, {"key": "allowance-for", "type": "clause", "offset": [331, 344]}, {"key": "improvement-of-the-premises", "type": "clause", "offset": [349, 376]}, {"key": "ti-allowance", "type": "definition", "offset": [395, 407]}, {"key": "tenant-shall", "type": "clause", "offset": [411, 423]}, {"key": "to-receive", "type": "definition", "offset": [472, 482]}, {"key": "landlord-shall", "type": "clause", "offset": [518, 532]}, {"key": "rental-rate", "type": "clause", "offset": [544, 555]}, {"key": "tenant-will", "type": "clause", "offset": [652, 663]}, {"key": "the-term", "type": "definition", "offset": [706, 714]}, {"key": "comparable-buildings", "type": "definition", "offset": [716, 736]}, {"key": "the-project", "type": "definition", "offset": [772, 783]}, {"key": "the-building", "type": "definition", "offset": [845, 857]}, {"key": "terms-of", "type": "definition", "offset": [861, 869]}, {"key": "completion-of-construction", "type": "definition", "offset": [898, 924]}, {"key": "major-renovation", "type": "definition", "offset": [928, 944]}, {"key": "premises-in", "type": "clause", "offset": [994, 1005]}, {"key": "quality-of-construction", "type": "clause", "offset": [1017, 1040]}, {"key": "services-and-amenities", "type": "clause", "offset": [1051, 1073]}, {"key": "located-in", "type": "definition", "offset": [1104, 1114]}], "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. If in determining the Market Rent for an Option Term, Tenant would, pursuant to the Comparable Deals and the Rent Concessions set forth therein, otherwise be entitled to a tenant improvement or comparable allowance for the improvement of the Premises (the \"OPTION TERM TI ALLOWANCE\"), Tenant shall not be entitled to, and shall not be compelled, to receive such Option Term TI Allowance, and Landlord shall reduce the rental rate component of the Market Rent to be an effective rental rate which takes into consideration that Tenant will not receive any Option Term TI Allowance. The term \"COMPARABLE BUILDINGS\" shall mean other lab buildings in the Project, and other first-class lab buildings which are comparable to the Building in terms of age (based upon the date of completion of construction or major renovation as to the building containing the portion of the Premises in question), quality of construction, level of services and amenities, size and appearance, and are located in the Sorrento Mesa, University Towne Center and \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 areas (the \"COMPARABLE AREA\").", "samples": [{"hash": "8cIAha0CRe4", "uri": "/contracts/8cIAha0CRe4#comparable-term", "label": "Lease (Diversa Corp)", "score": 18.0, "published": true}], "size": 2, "hash": "76ed09de8717e9e62d0e7700bd28bfd2", "id": 3}, {"snippet_links": [{"key": "refer-to-the", "type": "definition", "offset": [6, 18]}, {"key": "the-lease-term", "type": "definition", "offset": [29, 43]}, {"key": "without-consideration", "type": "definition", "offset": [45, 66]}, {"key": "options-to-extend", "type": "definition", "offset": [70, 87]}, {"key": "the-space", "type": "definition", "offset": [103, 112]}, {"key": "market-rent", "type": "clause", "offset": [148, 159]}, {"key": "allowance-for", "type": "clause", "offset": [211, 224]}, {"key": "improvement-of-the-premises", "type": "clause", "offset": [229, 256]}, {"key": "option-term", "type": "definition", "offset": [263, 274]}, {"key": "improvement-allowance", "type": "clause", "offset": [275, 296]}, {"key": "a-portion", "type": "definition", "offset": [354, 363]}, {"key": "the-option", "type": "clause", "offset": [410, 420]}, {"key": "to-tenant", "type": "definition", "offset": [448, 457]}, {"key": "rental-rate", "type": "clause", "offset": [551, 562]}, {"key": "tenant-will", "type": "clause", "offset": [659, 670]}, {"key": "the-total", "type": "clause", "offset": [683, 692]}, {"key": "dollar-value", "type": "clause", "offset": [693, 705]}, {"key": "granted-to", "type": "clause", "offset": [860, 870]}, {"key": "the-term", "type": "definition", "offset": [880, 888]}, {"key": "comparable-buildings", "type": "definition", "offset": [890, 910]}, {"key": "the-building", "type": "definition", "offset": [923, 935]}, {"key": "office-buildings", "type": "clause", "offset": [980, 996]}, {"key": "terms-of", "type": "definition", "offset": [1037, 1045]}, {"key": "completion-of-construction", "type": "definition", "offset": [1074, 1100]}, {"key": "major-renovation", "type": "definition", "offset": [1104, 1120]}, {"key": "premises-in", "type": "clause", "offset": [1170, 1181]}, {"key": "quality-of-construction", "type": "clause", "offset": [1193, 1216]}, {"key": "services-and-amenities", "type": "clause", "offset": [1227, 1249]}, {"key": "located-in", "type": "definition", "offset": [1362, 1372]}, {"key": "san-francisco-bay-area", "type": "definition", "offset": [1481, 1503]}, {"key": "the-area", "type": "clause", "offset": [1597, 1605]}, {"key": "access-to-the", "type": "clause", "offset": [1667, 1680]}, {"key": "rapid-transit", "type": "definition", "offset": [1690, 1703]}, {"key": "the-project", "type": "definition", "offset": [1771, 1782]}, {"key": "city-of", "type": "clause", "offset": [1807, 1814]}], "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. If in determining the Market Rent, Tenant is entitled to a improvement or comparable allowance for the improvement of the Premises (the \u201cOption Term Improvement Allowance\u201d), Landlord may, at Landlord\u2019s sole option, elect any or a portion of the following: (A) to grant some or all of the Option Term Improvement Allowance to Tenant in the form as described above (i.e., as an improvement allowance), and/or (B) to reduce the rental rate component of the Market Rent to be an effective rental rate which takes into consideration that Tenant will not receive the total dollar value of such excess Option Term Improvement Allowance (in which case the Option Term Improvement Allowance evidenced in the effective rental rate shall not be granted to Tenant). The term \u201cComparable Buildings\u201d shall mean the Building and other first-class institutionally-owned office buildings which are comparable to the Building in terms of age (based upon the date of completion of construction or major renovation as to the building containing the portion of the Premises in question), quality of construction, level of services and amenities (including the type (e.g., surface, covered, subterranean) and amount of parking), size and appearance, and are located in the \u201cComparable Area,\u201d which is the \u201cConcord BART Submarket\u201d (defined below) in the East Bay portion of the San Francisco Bay Area. The \u201cConcord BART Submarket\u201d in the East Bay portion of the San Francisco Bay Area shall be the area containing Comparable Buildings having reasonably comparable access to the Bay Area Rapid Transit (\u201cBART\u201d) system as well as reasonably comparable freeway access as the Project, and located within the City of Concord.", "samples": [{"hash": "3fl9dFHVQjk", "uri": "/contracts/3fl9dFHVQjk#comparable-term", "label": "Office Lease (AssetMark Financial Holdings, Inc.)", "score": 30.409992218, "published": true}], "size": 1, "hash": "b177eb9ef5341b6d2f36ab0b4289a3e7", "id": 4}, {"snippet_links": [{"key": "refer-to-the", "type": "definition", "offset": [6, 18]}, {"key": "the-lease-term", "type": "definition", "offset": [29, 43]}, {"key": "without-consideration", "type": "definition", "offset": [45, 66]}, {"key": "options-to-extend", "type": "definition", "offset": [70, 87]}, {"key": "the-space", "type": "definition", "offset": [103, 112]}, {"key": "in-addition", "type": "clause", "offset": [126, 137]}, {"key": "determination-of-the", "type": "clause", "offset": [143, 163]}, {"key": "fair-market-rental-value", "type": "clause", "offset": [164, 188]}, {"key": "financial-security", "type": "definition", "offset": [294, 312]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [322, 340]}, {"key": "rent-obligations", "type": "clause", "offset": [367, 383]}, {"key": "during-the-extension-term", "type": "clause", "offset": [384, 409]}, {"key": "such-determination", "type": "definition", "offset": [411, 429]}, {"key": "comparable-transactions", "type": "definition", "offset": [522, 545]}, {"key": "credit-history", "type": "definition", "offset": [597, 611]}, {"key": "then-existing", "type": "definition", "offset": [619, 632]}, {"key": "adjustments-to-account", "type": "clause", "offset": [700, 722]}, {"key": "financial-condition-of-tenant", "type": "clause", "offset": [760, 789]}, {"key": "other-tenants", "type": "definition", "offset": [799, 812]}, {"key": "the-term", "type": "definition", "offset": [815, 823]}, {"key": "comparable-buildings", "type": "definition", "offset": [825, 845]}, {"key": "the-building", "type": "definition", "offset": [858, 870]}, {"key": "office-buildings", "type": "clause", "offset": [881, 897]}, {"key": "terms-of", "type": "definition", "offset": [938, 946]}, {"key": "completion-of-construction", "type": "definition", "offset": [975, 1001]}, {"key": "major-renovation", "type": "definition", "offset": [1005, 1021]}, {"key": "premises-in", "type": "clause", "offset": [1071, 1082]}, {"key": "quality-of-construction", "type": "clause", "offset": [1094, 1117]}, {"key": "services-and-amenities", "type": "clause", "offset": [1128, 1150]}, {"key": "parking-availability", "type": "clause", "offset": [1162, 1182]}, {"key": "parking-rates", "type": "definition", "offset": [1187, 1200]}, {"key": "located-in", "type": "definition", "offset": [1232, 1242]}], "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. In addition, the determination of the Fair Market Rental Value shall include a determination as to whether, and if so to what extent, Tenant must provide Landlord with financial security, such as a letter of credit or guaranty, for Tenant\u2019s rent obligations during the Extension Term. Such determination shall be made by reviewing the extent of financial security then generally being imposed in Comparable Transactions upon tenants of comparable financial condition and credit history to the then existing financial condition and credit history of Tenant (with appropriate adjustments to account for differences in the then-existing financial condition of Tenant and such other tenants). The term \u201cComparable Buildings\u201d shall mean the Building and other office buildings which are comparable to the Building in terms of age (based upon the date of completion of construction or major renovation as to the building containing the portion of the Premises in question), quality of construction, level of services and amenities (including parking availability and parking rates), size and appearance, and are located in the Carlsbad Ranch submarket (\u201cComparable Area\u201d).", "samples": [{"hash": "gw9fMcUKiI1", "uri": "/contracts/gw9fMcUKiI1#comparable-term", "label": "Office Building Lease (Signal Genetics, Inc.)", "score": 25.867898941, "published": true}], "size": 1, "hash": "fb1271cb1a9b016b8855ea4da55f0e97", "id": 5}, {"snippet_links": [{"key": "refer-to-the", "type": "definition", "offset": [6, 18]}, {"key": "the-lease-term", "type": "definition", "offset": [29, 43]}, {"key": "without-consideration", "type": "definition", "offset": [45, 66]}, {"key": "options-to-extend", "type": "definition", "offset": [70, 87]}, {"key": "the-space", "type": "definition", "offset": [103, 112]}, {"key": "market-rent", "type": "clause", "offset": [148, 159]}, {"key": "allowance-for", "type": "clause", "offset": [211, 224]}, {"key": "improvement-of-the-premises", "type": "clause", "offset": [229, 256]}, {"key": "option-term", "type": "definition", "offset": [263, 274]}, {"key": "improvement-allowance", "type": "clause", "offset": [275, 296]}, {"key": "a-portion", "type": "definition", "offset": [354, 363]}, {"key": "the-option", "type": "clause", "offset": [410, 420]}, {"key": "to-tenant", "type": "definition", "offset": [448, 457]}, {"key": "rental-rate", "type": "clause", "offset": [551, 562]}, {"key": "tenant-will", "type": "clause", "offset": [659, 670]}, {"key": "the-total", "type": "clause", "offset": [683, 692]}, {"key": "dollar-value", "type": "clause", "offset": [693, 705]}, {"key": "granted-to", "type": "clause", "offset": [860, 870]}, {"key": "the-term", "type": "definition", "offset": [880, 888]}, {"key": "comparable-buildings", "type": "definition", "offset": [890, 910]}, {"key": "the-building", "type": "definition", "offset": [923, 935]}, {"key": "office-buildings", "type": "clause", "offset": [981, 997]}, {"key": "of-tenant", "type": "clause", "offset": [1044, 1053]}, {"key": "completion-of-construction", "type": "definition", "offset": [1087, 1113]}, {"key": "major-renovation", "type": "definition", "offset": [1117, 1133]}, {"key": "quality-of-construction", "type": "clause", "offset": [1136, 1159]}, {"key": "services-and-amenities", "type": "clause", "offset": [1170, 1192]}, {"key": "located-in", "type": "definition", "offset": [1305, 1315]}, {"key": "technology-park", "type": "definition", "offset": [1401, 1416]}], "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. If in determining the Market Rent, Tenant is entitled to a improvement or comparable allowance for the improvement of the Premises (the \"Option Term Improvement Allowance\"), Landlord may, at Landlord's sole option, elect any or a portion of the following: (A) to grant some or all of the Option Term Improvement Allowance to Tenant in the form as described above (i.e., as an improvement allowance), and/or (B) to reduce the rental rate component of the Market Rent to be an effective rental rate which takes into consideration that Tenant will not receive the total dollar value of such excess Option Term Improvement Allowance (in which case the Option Term Improvement Allowance evidenced in the effective rental rate shall not be granted to Tenant). The term \"Comparable Buildings\" shall mean the Building, and other first-class institutionally-owned office buildings which are comparable to the Building in terms of tenant mix, age (based upon the date of completion of construction or major renovation), quality of construction, level of services and amenities (including the type (e.g., surface, covered, subterranean) and amount of parking), size and appearance, and are located in the \"Comparable Area,\" which is the South San \u2587\u2587\u2587\u2587 \u2013 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Avenue and \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Oaks Technology Park submarkets.", "samples": [{"hash": "kK3PzA4H3DP", "uri": "/contracts/kK3PzA4H3DP#comparable-term", "label": "Office Lease", "score": 33.768611908, "published": true}], "size": 1, "hash": "2aee166ecc9ce65cdc2693667758db7e", "id": 6}, {"snippet_links": [{"key": "refer-to-the", "type": "definition", "offset": [6, 18]}, {"key": "the-lease-term", "type": "definition", "offset": [29, 43]}, {"key": "without-consideration", "type": "definition", "offset": [45, 66]}, {"key": "options-to-extend", "type": "definition", "offset": [70, 87]}, {"key": "the-space", "type": "definition", "offset": [103, 112]}, {"key": "in-addition", "type": "clause", "offset": [126, 137]}, {"key": "market-rent", "type": "clause", "offset": [164, 175]}, {"key": "financial-security", "type": "definition", "offset": [281, 299]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [309, 327]}, {"key": "rent-obligations", "type": "clause", "offset": [354, 370]}, {"key": "option-term", "type": "definition", "offset": [382, 393]}, {"key": "the-value", "type": "clause", "offset": [399, 408]}, {"key": "to-landlord", "type": "definition", "offset": [454, 465]}, {"key": "credit-enhancements", "type": "clause", "offset": [487, 506]}, {"key": "such-determination", "type": "definition", "offset": [536, 554]}, {"key": "credit-history", "type": "definition", "offset": [715, 729]}, {"key": "then-existing", "type": "definition", "offset": [737, 750]}, {"key": "adjustments-to-account", "type": "clause", "offset": [818, 840]}, {"key": "financial-condition-of-tenant", "type": "clause", "offset": [878, 907]}, {"key": "other-tenants", "type": "definition", "offset": [917, 930]}, {"key": "tenant-improvement", "type": "clause", "offset": [992, 1010]}, {"key": "allowance-for", "type": "clause", "offset": [1025, 1038]}, {"key": "extension-premises", "type": "definition", "offset": [1062, 1080]}], "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. In addition, the determination of the Market Rent shall include a determination as to whether, and if so to what extent, Tenant must provide Landlord with financial security, such as a letter of credit or guaranty, for Tenant's rent obligations during any Option Term, and the value of such credit enhancement, or lack thereof, to Landlord in comparison to the credit enhancements granted in Comparable Deals. Such determination shall be made by reviewing the extent of financial security then generally being imposed in Comparable Deals upon tenants of comparable financial condition and credit history to the then existing financial condition and credit history of Tenant (with appropriate adjustments to account for differences in the then-existing financial condition of Tenant and such other tenants). If in determining the Market Rent, Tenant is entitled to a tenant improvement or comparable allowance for the improvement of the Extension Premises (the \"OPTION TERM TI", "samples": [{"hash": "didqm3yEkxW", "uri": "/contracts/didqm3yEkxW#comparable-term", "label": "Office Lease (Fair Isaac Corp)", "score": 18.0, "published": true}], "size": 1, "hash": "95c22eef80b1ed2e9e1c1bf4b116eaed", "id": 7}, {"snippet_links": [{"key": "refer-to-the", "type": "definition", "offset": [6, 18]}, {"key": "the-lease-term", "type": "definition", "offset": [29, 43]}, {"key": "without-consideration", "type": "definition", "offset": [45, 66]}, {"key": "options-to-extend", "type": "definition", "offset": [70, 87]}, {"key": "the-space", "type": "definition", "offset": [103, 112]}, {"key": "in-addition", "type": "clause", "offset": [126, 137]}, {"key": "market-rent", "type": "clause", "offset": [164, 175]}, {"key": "financial-security", "type": "definition", "offset": [281, 299]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [309, 327]}, {"key": "rent-obligations", "type": "clause", "offset": [354, 370]}, {"key": "option-term", "type": "definition", "offset": [382, 393]}, {"key": "such-determination", "type": "definition", "offset": [395, 413]}, {"key": "comparable-transactions", "type": "definition", "offset": [506, 529]}, {"key": "credit-history", "type": "definition", "offset": [581, 595]}, {"key": "then-existing", "type": "definition", "offset": [603, 616]}, {"key": "adjustments-to-account", "type": "clause", "offset": [684, 706]}, {"key": "financial-condition-of-tenant", "type": "clause", "offset": [744, 773]}, {"key": "other-tenants", "type": "definition", "offset": [783, 796]}, {"key": "tenant-improvement", "type": "clause", "offset": [857, 875]}, {"key": "allowance-for", "type": "clause", "offset": [890, 903]}], "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. In addition, the determination of the Market Rent shall include a determination as to whether, and if so to what extent, Tenant must provide Landlord with financial security, such as a letter of credit or guaranty, for Tenant's rent obligations during any Option Term. Such determination shall be made by reviewing the extent of financial security then generally being imposed in Comparable Transactions upon tenants of comparable financial condition and credit history to the then existing financial condition and credit history of Tenant (with appropriate adjustments to account for differences in the then-existing financial condition of Tenant and such other tenants) If in determining the Market Rent, Tenant is entitled to a tenant improvement or comparable allowance for the improvement of the", "samples": [{"hash": "7QuIPXGmYph", "uri": "/contracts/7QuIPXGmYph#comparable-term", "label": "Lease (Vical Inc)", "score": 18.0, "published": true}], "size": 1, "hash": "571066214000f350e55c5ae2a72cf702", "id": 8}, {"snippet_links": [{"key": "refer-to-the", "type": "definition", "offset": [6, 18]}, {"key": "the-lease-term", "type": "definition", "offset": [29, 43]}, {"key": "without-consideration", "type": "definition", "offset": [45, 66]}, {"key": "options-to-extend", "type": "definition", "offset": [70, 87]}, {"key": "the-space", "type": "definition", "offset": [103, 112]}, {"key": "in-addition", "type": "clause", "offset": [126, 137]}, {"key": "market-rent", "type": "clause", "offset": [164, 175]}], "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. In addition, the determination of the Market Rent shall include a determination as to whether, and if", "samples": [{"hash": "4Sye0fk26cY", "uri": "/contracts/4Sye0fk26cY#comparable-term", "label": "Office Lease (Life360, Inc.)", "score": 33.446269989, "published": true}], "size": 1, "hash": "13e4cf14228bb529fc1d072304332499", "id": 9}, {"snippet_links": [{"key": "refer-to-the", "type": "definition", "offset": [6, 18]}, {"key": "the-lease-term", "type": "definition", "offset": [29, 43]}, {"key": "without-consideration", "type": "definition", "offset": [45, 66]}, {"key": "options-to-extend", "type": "definition", "offset": [70, 87]}, {"key": "the-space", "type": "definition", "offset": [103, 112]}, {"key": "in-addition", "type": "clause", "offset": [126, 137]}, {"key": "market-rent", "type": "clause", "offset": [164, 175]}, {"key": "financial-security", "type": "definition", "offset": [281, 299]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [309, 327]}, {"key": "rent-obligations", "type": "clause", "offset": [354, 370]}, {"key": "option-term", "type": "definition", "offset": [382, 393]}, {"key": "such-determination", "type": "definition", "offset": [395, 413]}, {"key": "credit-history", "type": "definition", "offset": [574, 588]}, {"key": "then-existing", "type": "definition", "offset": [596, 609]}, {"key": "adjustments-to-account", "type": "clause", "offset": [677, 699]}, {"key": "financial-condition-of-tenant", "type": "clause", "offset": [737, 766]}, {"key": "other-tenants", "type": "definition", "offset": [776, 789]}, {"key": "the-term", "type": "definition", "offset": [792, 800]}, {"key": "the-project", "type": "definition", "offset": [834, 845]}, {"key": "terms-of", "type": "definition", "offset": [948, 956]}, {"key": "completion-of-construction", "type": "definition", "offset": [985, 1011]}, {"key": "major-renovation", "type": "definition", "offset": [1015, 1031]}, {"key": "the-building", "type": "definition", "offset": [1038, 1050]}, {"key": "premises-in", "type": "clause", "offset": [1081, 1092]}, {"key": "quality-of-construction", "type": "clause", "offset": [1104, 1127]}, {"key": "services-and-amenities", "type": "clause", "offset": [1138, 1160]}, {"key": "located-in", "type": "definition", "offset": [1273, 1283]}, {"key": "orange-county", "type": "definition", "offset": [1288, 1301]}], "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. In addition, the determination of the Market Rent shall include a determination as to whether, and if so to what extent, Tenant must provide Landlord with financial security, such as a letter of credit or guaranty, for Tenant\u2019s rent obligations during any Option Term. Such determination shall be made by reviewing the extent of financial security then generally being imposed in Comparable Deals upon tenants of comparable financial condition and credit history to the then existing financial condition and credit history of Tenant (with appropriate adjustments to account for differences in the then-existing financial condition of Tenant and such other tenants). The term \u201cComparable Projects\u201d shall mean the Project and other first-class institutionally-owned mixed-use projects which are comparable to the Project in terms of age (based upon the date of completion of construction or major renovation as to the building containing the portion of the Premises in question), quality of construction, level of services and amenities (including the type (e.g., surface, covered, subterranean) and amount of parking), size and appearance, and are located in the Orange County Airport area (the \u201cComparable Area\u201d).", "samples": [{"hash": "kzcd6ztiKoS", "uri": "/contracts/kzcd6ztiKoS#comparable-term", "label": "Office Lease (Rockley Photonics Holdings LTD)", "score": 30.2498283386, "published": true}], "size": 1, "hash": "e6f708ed3dec0ebaabc05ebf10f5c0ac", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIYY29tcGFyYWJsZS10ZXJtIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Comparable Term", "snippet": "shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question. In addition, the determination of the Market Rent shall include a determination as to whether, and if so to what extent, Tenant must provide Landlord with financial security, such as a letter of credit or guaranty, for Tenant\u2019s rent obligations during any Option Term or First Offer Term (as the case may be). Such determination shall be made by reviewing the extent of financial security then generally being imposed in Comparable Deals upon tenants of comparable financial condition and credit history to the then existing financial condition and credit history of Tenant (with appropriate adjustments to account for differences in the then-existing financial condition of Tenant and such other tenants). If in determining the Market Rent, Tenant is entitled to an improvement or comparable allowance for the improvement of the Premises or the First Offer Space (as the case may be) (the \u201cMarket Rent Improvement Allowance\u201d), Landlord may, at Landlord\u2019s sole option, elect any or a portion of the following: (A) to grant some or all of the Market Rent Improvement Allowance to Tenant in the form as described above (i.e., as an improvement allowance), and/or (B) to reduce the rental rate component of the Market Rent to be an effective rental rate which takes into consideration that Tenant will not receive the total dollar value of such excess Market Rent Improvement Allowance (in which case the Market Rent Improvement Allowance evidenced in the effective rental rate shall not be granted to Tenant). Notwithstanding anything to the contrary contained above in this Section 2.2.2, if there are not a sufficient number of Comparable Deals with comparable lease terms to the Option Term (or First Offer Term, as the case may be) to determine the Market Rent of the Premises (or First Offer Space, as the case may be) for a lease of such duration, then the Market Rent for purposes of this Section 2.2.2 shall be equal to that of Comparable Deals with terms of five (5) years, provided that the concessions shall be appropriately adjusted to account for the difference between the Option Term (or First Offer Term, as the case may be) and the lease terms of the Comparable Deals.", "size": 31, "id": "comparable-term", "examples": ["The term &quot;<strong>Comparable Term</strong>&quot; shall refer to the length of the lease term, without consideration of options to extend such term, for the space in question.", "For example, if the Net Equivalent Lease Rate for a ten (10) year <strong>Comparable Term</strong> is $2.50 per month and the Net Equivalent Lease Rate for a seven (7) year First Offer Term is equal to $2.60 per month, then the Economic Terms will be deemed to be within ten percent (10%) (since $0.10 is 3.85% of $2.60), regardless of the difference in length of term.", "For example, if the Net Equivalent Lease Rate for a ten (10) year <strong>Comparable Term</strong> is $2.50 per month and the Net Equivalent Lease Rate for a seven (7) year First Offer Term is equal to $2.60 per month, then the Economic Terms will be deemed to be within five percent (5%) (since $0.10 is 3.85% of $2.60), regardless of the difference in length of term."], "related": [["comparables", "comparables", "comparables"], ["comparable-services", "Comparable Services", "Comparable Services"], ["comparable-company", "Comparable Company", "Comparable Company"], ["comparable-supply", "Comparable Supply", "Comparable Supply"], ["comparable-rates", "Comparable Rates", "Comparable Rates"]], "related_snippets": [], "updated": "2026-03-15T05:55:41+00:00"}, "json": true, "cursor": ""}}