Common use of Basic Data and Definitions Clause in Contracts

Basic Data and Definitions. Sublandlord: Imaging Endpoints II, LLC, an Arizona limited liability company, with its principal place of business at ▇▇▇▇ ▇ ▇▇▇▇ ▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. Subtenant: Upstream Bio, Inc., a Delaware corporation with its principal place of business at ▇▇ ▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Basic Rent: Subject to the provisions of Section 3.1, Subtenant shall pay Basic Rent as follows: Sublease Year 1 $ 26.00 $ 88,530.00 $ 7,377.50 Sublease Year 2 $ 27.00 $ 91,935.00 $ 7,661.25 Premises Rentable Area: Agreed to be 3,405 square feet located on the fourth floor of the Building. Permitted Uses: General business and professional offices, and for no other uses. Escalation Factor: 2.524%, as computed in accordance with the Escalation Factor Computation. Security Deposit: $7,377.50, subject to the provision of Article 14 below. Sublease Rent Commencement Date: The date that is one (1) month following the Sublease Commencement Date. Sublease Term: The period of time commencing the later date to occur of (i) the date on which Sublandlord tenders possession of the Subleased Premises to Subtenant in the “Sublease Delivery Condition” (as defined below) and (ii) the date on which Sublandlord delivers a fully executed copy of this Sublease and the “Consent” (as hereinafter defined) (the “Sublease Commencement Date”), and shall continue through January 31, 2024 (the “Termination Date”). Parking Spaces: Eleven (11) spaces (computed at 3.3 spaces per 1,000 square feet of Premises Rentable Area), on an unreserved, first come, first served basis (subject to Section 14.21).

Appears in 2 contracts

Sources: Sublease (Upstream Bio, Inc.), Sublease (Upstream Bio, Inc.)