Common use of Base Rent During Option Term Clause in Contracts

Base Rent During Option Term. The Base Rent payable during the Option Term shall be adjusted to equal the fair rental renewal value (as herein defined) for the Premises as of the date of the commencement of the Option Term pursuant to the procedures set forth herein.

Appears in 3 contracts

Samples: Office Lease (NeuroPace Inc), Office Lease (Hyperion Therapeutics Inc), To Lease (Novacea Inc)

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Base Rent During Option Term. The Base Rent payable during the applicable Option Term shall be adjusted to equal the fair rental renewal value (as herein defined) for the Premises as of the date of the commencement of the applicable Option Term pursuant to the procedures set forth herein.

Appears in 1 contract

Samples: Office Lease (COUPONS.com Inc)

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