Common use of Expansion Premises Clause in Contracts

Expansion Premises. Beginning on the Expansion Premises Commencement Date, Tenant shall (in addition to Base Rent for the Original Premises) commence paying Base Rent with respect to the Expansion Premises at the rate of $2.06 per rentable square foot of the Expansion Premises per month. Thereafter, Base Rent payable with respect to the Expansion Premises shall be increased on the Adjustment Date by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Adjustment Date by 3% and adding the resulting amount to the Base Rent payable with respect to the Expansion Premises immediately before such Adjustment Date.

Appears in 2 contracts

Samples: Lease Agreement (Corvus Pharmaceuticals, Inc.), Lease Agreement (Corvus Pharmaceuticals, Inc.)

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Expansion Premises. Beginning Commencing on the Expansion Premises Rent Commencement Date, Tenant shall (in addition to Base Rent for the Original Premises) commence paying Base Rent with respect to the Expansion Premises at in the rate amount of $2.06 3.30 per rentable square foot of the Expansion Premises per month. Thereafter, Base Rent payable with respect to the Expansion Premises shall be increased on July 1, 2018, and on each subsequent July 1st during the Base Term (each, an “Expansion Space Adjustment Date Date”) by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Adjustment Date by 3% and adding the resulting amount to the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date.

Appears in 2 contracts

Samples: Lease (Tricida, Inc.), Lease (Tricida, Inc.)

Expansion Premises. Beginning Commencing on the Expansion Premises Commencement Date, Tenant shall (in addition to Base Rent for the Original Premises) commence paying pay Base Rent with respect to the Expansion Premises at in the rate amount of $2.06 6.00 per rentable square foot of the Expansion Premises per month. ThereafterOn each annual anniversary of the Expansion Premises Commencement Date (each, an “Expansion Premises Adjustment Date”) during the Extended Term, Base Rent payable with respect to the Expansion Premises shall be increased on the Adjustment Date by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by 3% and adding the resulting amount to the Base Rent payable with respect to the Expansion Premises immediately before prior to such Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: Lease (Contineum Therapeutics, Inc.)

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Expansion Premises. Beginning Commencing on the Expansion Premises Commencement DateCommencement, Date Tenant shall (in addition to Base Rent for the Original Premises) commence paying pay Base Rent with respect to the Expansion Premises at in the rate amount of $2.06 36.00 per rentable square foot of the Expansion Premises per monthyear. Thereafter, Base Rent payable with respect to the Expansion Premises shall be increased on each annual anniversary of the Expansion Premises Commencement Date (each, an “Expansion Premises Adjustment Date Date”) by multiplying adding the Rent Adjustment Amount to the per rentable square foot Base Rent payable with respect to for the Expansion Premises per annum immediately before such Adjustment Date by 3% and adding the resulting amount to the Base Rent payable with respect to the Expansion Premises immediately before such Adjustment Date.

Appears in 1 contract

Samples: Lease Agreement (Ultragenyx Pharmaceutical Inc.)

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