Common use of Expansion Premises Clause in Contracts

Expansion Premises. Commencing on the Expansion Premises Rent Commencement Date, Tenant shall pay Base Rent for the Expansion Premises at the rate of $2.55 per rentable square foot of the Expansion Premises per month. Base Rent payable for the Expansion Premises shall be increased on each annual anniversary of the Expansion Premises Rent Commencement Date during the Base Term (each, an “Expansion Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage and adding the resulting about to the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: Lease (Organovo Holdings, Inc.)

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Expansion Premises. Commencing on the Expansion Premises Rent Commencement Date, Tenant shall pay commence paying Base Rent for the Expansion Premises at in the rate amount of $2.55 41.00 per rentable square foot of the Expansion Premises per monthyear. Base Rent payable for the Expansion Premises shall be increased on On each annual anniversary of the Expansion Premises Rent Commencement Date during the Base Term (each, an “Expansion Premises Adjustment Date”) ), the Base Rent payable with respect to the Expansion Premises shall be increased by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage 2.5% and adding the resulting about amount to the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: Lease Agreement (Enanta Pharmaceuticals Inc)

Expansion Premises. Commencing on the Expansion Premises Rent Commencement Date, Tenant shall pay Base Rent for the Expansion Premises at the rate of $2.55 52.00 per rentable square foot of the Expansion Premises per monthannum. Base Rent payable for the Expansion Premises shall be increased on each annual anniversary of the first day of the first full month following the Expansion Premises Rent Commencement Date during the Base Term (each, an “Expansion Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage and adding the resulting about amount to the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: License Agreement (Blueprint Medicines Corp)

Expansion Premises. Commencing Beginning on the Expansion Premises Rent Commencement Date, Tenant shall pay (in additional to Base Rent for the Original Premises) commence paying Base Rent with respect to the Expansion Premises at the rate of $2.55 3.25 per rentable square foot of the Expansion Premises per month. Base Rent payable for the Expansion Premises shall be increased Thereafter, on each annual anniversary of the Expansion Premises Rent Commencement Date during the Base Term (each, an “Expansion Premises Adjustment Date”) ), Base Rent with respect to the Expansion Premises shall be increased by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage and adding the resulting about amount to the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: Lease (Receptos, Inc.)

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Expansion Premises. Commencing on the Expansion Premises Rent Commencement Date, Tenant shall pay Base Rent for with respect to the Expansion Premises at in the rate amount of $2.55 6.00 per rentable square foot of the Expansion Premises per month. Base Rent payable for the Expansion Premises shall be increased on On each annual anniversary of the Expansion Premises Rent Commencement Date during the Base Term (each, an “Expansion Premises Adjustment Date”) during the Extended Term, Base Rent payable with respect to the Expansion Premises shall be increased by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage 3% and adding the resulting about 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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