Annual Adjustments. Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.
Appears in 10 contracts
Samples: Lease Agreement (Twist Bioscience Corp), Lease Agreement (Receptos, Inc.), Lease Agreement (Optimer Pharmaceuticals Inc)
Annual Adjustments. Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease Rent Commencement Date (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.
Appears in 7 contracts
Samples: Lease Agreement (Adaptive Biotechnologies Corp), Lease Agreement (Cue Health Inc.), Lease Agreement (Precision Biosciences Inc)
Annual Adjustments. Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease Commencement Date (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.
Appears in 3 contracts
Samples: Lease Agreement (Contineum Therapeutics, Inc.), Lease Agreement (NantKwest, Inc.), Lease Agreement (Conkwest, Inc.)
Annual Adjustments. Base Rent shall be increased on each annual anniversary of the first day of the first full month during following the Term of this Lease Commencement Date (each an “Adjustment Date”) by multiplying adding the Rent Adjustment Amount to the per square foot Base Rent payable immediately before such Adjustment Date by for the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable Premises per annum immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.
Appears in 2 contracts
Samples: Lease Agreement (Dimension Therapeutics, Inc.), Lease Agreement (Ultragenyx Pharmaceutical Inc.)
Annual Adjustments. Base Rent shall be increased on each annual anniversary of the first day of the first 43rd full calendar month during after the Term of this Lease Rent Commencement Date and on each annual anniversary thereof (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.
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Annual Adjustments. Base Rent shall be increased on each annual anniversary of the first day of the first full month during following the Term of this Lease Commencement Date (each an “Adjustment Date”) by multiplying adding the Rent Adjustment Amount to the per square foot Base Rent payable immediately before such Adjustment Date by for the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable Premises per year immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.
Appears in 1 contract
Samples: Lease Agreement (Metabolix, Inc.)
Annual Adjustments. Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease Subsequent Premises Commencement Date (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.
Appears in 1 contract
Annual Adjustments. Base Rent shall be increased on each annual anniversary of the first day of the first full month Commencement Date during the Base Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.
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Annual Adjustments. Base Rent shall Rent, as increased pursuant to Section 4(a),.shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date adjustment by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.such
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