Common use of Existing Premises Clause in Contracts

Existing Premises. Tenant shall continue to pay Base Rent with respect to the Existing Premises through the Existing Expiration Date. Beginning on May 15, 2022, Tenant shall pay Base Rent with respect to the Existing Premises at the rate of $63.60 per rentable square foot of the Existing Premises per year, and beginning on May 15, 2023, the Base Rent with respect to the Existing Premises shall increase to a rate of $65.51 per rentable square foot of the Existing Premises per year.

Appears in 1 contract

Samples: To Lease (Singular Genomics Systems, Inc.)

AutoNDA by SimpleDocs

Existing Premises. Tenant shall continue to pay Base Rent with respect to for the Existing Premises as provided for in the Lease through the Existing Expiration Date. Beginning on May 15, 2022, Tenant shall pay Base Rent with respect to the Existing Premises at the rate of $63.60 per rentable square foot of the Existing Premises per year, and beginning on May 15June 1, 2023. Thereafter, the Base Rent with respect to the Existing Premises shall continue to increase to a rate of $65.51 per rentable square foot annually by the Rent Adjustment Percentage through the expiration of the Existing Premises per yearBase Term.

Appears in 1 contract

Samples: Sixth Amendment Work Letter (Adaptive Biotechnologies Corp)

Existing Premises. Tenant shall continue to pay Base Rent with respect to the Existing Premises as provided for under the Lease through the Existing Expiration DateMarch 31, 2021. Beginning Commencing on May 15April 1, 20222021, Tenant shall pay Base Rent with respect to for the Existing Premises at in the rate amount of $63.60 34.00 per rentable square foot of the Existing Premises per year, and beginning on May 15, 2023, the . Base Rent payable with respect to the Existing Premises shall increase to a rate of $65.51 per rentable square foot of on April 1, 2022, and on each April 1st thereafter through the Existing Premises per year.Extended Expiration

Appears in 1 contract

Samples: Lease Agreement (Ultragenyx Pharmaceutical Inc.)

Existing Premises. Tenant shall continue to pay Base Rent with respect to for the Existing Premises as provided for in the Lease through the Existing Expiration DateFebruary 28, 2022. Beginning Commencing on May 15March 1, 2022, Tenant shall pay commence paying Base Rent with respect to the Existing Premises at the same annual rate of $63.60 per rentable square foot of the Existing Premises per year, and beginning on May 15, 2023, the Base Rent then being paid by Tenant with respect to the Existing Fifth Expansion Premises shall increase (subject to a rate of $65.51 per rentable square foot of the Existing Premises per yearadjustment pursuant to Sections 4(b) and (c) below).

Appears in 1 contract

Samples: Lease (Sage Therapeutics, Inc.)

AutoNDA by SimpleDocs

Existing Premises. Tenant shall continue to pay Base Rent with respect to for the Existing Premises as provided for in the Lease through the Existing Expiration DateJune 20, 2021. Beginning Commencing on May 15July 1, 20222021, Tenant shall pay commence paying Base Rent with respect to the Existing Premises at the same rate of $63.60 per rentable square foot of the Existing Premises per year, and beginning on May 15, 2023, the Base Rent a triple net basis that Tenant is then paying with respect to the Existing Premises shall increase Second Expansion Premises, as increased pursuant to a rate of $65.51 per rentable square foot of the Existing Premises per yearSection 4(b) below.

Appears in 1 contract

Samples: Lease (Tricida, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.