Common use of Lease of Premises and Phase I Property; Existing Lease Clause in Contracts

Lease of Premises and Phase I Property; Existing Lease. (a) Landlord leases to Tenant and Tenant hires and leases from Landlord, on the terms, covenants and conditions hereinafter set forth, the following office and laboratory premises (hereinafter collectively called the “Premises”) which consist of approximately 126,242 square feet and are located on the real property described as the “Phase I Property” in Exhibit A attached hereto and depicted as such in Exhibit A-1 attached hereto (the “Phase I Property”) in South San Francisco, California: (i) the one-story building commonly known as 000 Xxxx Xxxxx Xxxxxx; (ii) the two-story building commonly known as 000 Xxxx Xxxxx Xxxxxx; (iii) Suites 20, 26, 33, 45, 50 and 70 in the one-story building commonly known as 000 Xxxx Xxxxx Xxxxxx; and (iv) the westerly portion of the Two-story building commonly known as 000 Xxxx Xxxxx Xxxxxx. The Phase I Property is part of the office and research and development center commonly known as Britannia Pointe Grand Business Park located at East Grand Avenue and Harbor Way in the City of South San Francisco, County of San Mateo, State of California on the real property which is more particularly described as the “Center” in Exhibit A attached hereto (the “Center”). The location of the Premises in the Center is depicted on the site plan attached hereto as Exhibit B (the “Site Plan”). The Premises and other improvements presently existing on the Phase I Property are sometimes referred to collectively herein as the “Phase I Improvements.” The parking areas, driveways, sidewalks, landscaped areas and other portions of the Center that lie outside the exterior walls of the buildings now or hereafter existing from time to time in the Center, as depicted in Exhibit A-1 and in the Site Plan and as hereafter modified by Landlord from time to time in accordance with the provisions of this Lease, are sometimes referred to herein as the “Common Areas.” Tenant already occupies the entire Premises pursuant to a Standard Form Industrial Net Lease dated as of September 23, 1988 between NC Land Associates Limited Partnership, a Delaware limited partnership, and COR Therapeutics, Inc., a California corporation, as amended from time to time (the “Existing Lease”). Effective July 1, 2001, this Lease supersedes the Existing Lease for all purposes, Tenant’s continuing occupancy of the Premises shall be governed solely by the provisions of this Lease, and the Existing Lease shall be of no further force or effect, except that the rights and obligations of Landlord and Tenant with respect to the Premises for periods prior to July 1, 2001 shall continue to be governed by the Existing Lease.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Portola Pharmaceuticals Inc), Asset Purchase Agreement (Portola Pharmaceuticals Inc)

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Lease of Premises and Phase I Property; Existing Lease. (a) Landlord leases to Tenant and Tenant hires and leases from Landlord, on the terms, covenants and conditions hereinafter set forth, the following office and laboratory premises (hereinafter collectively called the “Premises”) which consist of approximately 126,242 136,242 square feet and are located on the real property described as the “Phase I Property” in Exhibit A attached hereto and depicted as such in Exhibit A-1 attached hereto (the “Phase I Property”) in South San Francisco, California: (i) the one-story building commonly known as 000 200 Xxxx Xxxxx Xxxxxx; (ii) the two-story building commonly known as 000 200 Xxxx Xxxxx Xxxxxx; (iii) Suites 20, 26, 3335, 45, 50 and 70 in the one-story building commonly known as 000 200 Xxxx Xxxxx Xxxxxx; and (iv) the westerly portion of the Twotwo-story building commonly known as 000 200 Xxxx Xxxxx Xxxxxx. The Phase I Property is part of the office and research and development center commonly known as Britannia Pointe Grand Business Park located at East Grand Avenue and Harbor Way in the City of South San Francisco, County of San Mateo, State of California on the real property which is more particularly described as the “Center” in Exhibit A attached hereto (the “Center”). The location of the Premises in the Center is depicted on the site plan attached hereto as Exhibit B (the “Site Plan”). The Premises and other improvements presently existing on the Phase I Property are sometimes referred to collectively herein as the “Phase I Improvements.” The parking areas, driveways, sidewalks, landscaped areas and other portions of the Center that lie outside the exterior walls of the buildings now or hereafter existing from time to time in the Center, as depicted in Exhibit A-1 and in the Site Plan and as hereafter modified by Landlord from time to time in accordance with the provisions of this Lease, are sometimes referred to herein as the “Common Areas.” Tenant already occupies the entire Premises pursuant to a Standard Form Industrial Net Lease dated as of September 23, 1988 between NC Land Associates Limited Partnership, a Delaware limited partnership, and COR Therapeutics, Inc., a California corporation, as amended from time to time (the “Existing Lease”). Effective July 1, 2001, this Lease supersedes the Existing Lease for all purposes, Tenant’s continuing occupancy of the Premises shall be governed solely by the provisions of this Lease, and the Existing Lease shall be of no further force or effect, except that the rights and obligations of Landlord and Tenant with respect to the Premises for periods prior to July 1, 2001 shall continue to be governed by the Existing Lease.

Appears in 1 contract

Samples: Sub Sublease (Cytokinetics Inc)

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Lease of Premises and Phase I Property; Existing Lease. (a) Landlord leases to Tenant and Tenant hires and leases from Landlord, on the terms, covenants and conditions hereinafter set forth, the following office and laboratory premises (hereinafter collectively called the "Premises") which consist of approximately 126,242 136,242 square feet and are located -------- on the real property described as the "Phase I Property" in Exhibit A attached --------- hereto and depicted as such in Exhibit A-1 attached hereto (the "Phase I ----------- ------- Property") in South San Francisco, California: (i) the one-story building -------- commonly known as 000 Xxxx Xxxxx Xxxxxx; (ii) the two-story building commonly known as 000 Xxxx Xxxxx Xxxxxx; (iii) Suites 20, 26, 3335, 45, 50 and 70 in the one-story building commonly known as 000 Xxxx Xxxxx Xxxxxx; and (iv) the westerly portion of the Twotwo-story building commonly known as 000 Xxxx Xxxxx Xxxxxx. The Phase I Property is part of the office and research and development center commonly known as Britannia Pointe Grand Business Park located at East Grand Avenue and Harbor Way in the City of South San Francisco, County of San Mateo, State of California on the real property which is more particularly described as the "Center" in Exhibit A attached hereto (the "Center"). The --------- ------ location of the Premises in the Center is depicted on the site plan attached hereto as Exhibit B (the "Site Plan"). The Premises and other improvements --------- --------- presently existing on the Phase I Property are sometimes referred to collectively herein as the "Phase I Improvements." The parking areas, driveways, -------------------- sidewalks, landscaped areas and other portions of the Center that lie outside the exterior walls of the buildings now or hereafter existing from time to time in the Center, as depicted in Exhibit A-1 and in the Site Plan and as hereafter ----------- modified by Landlord from time to time in accordance with the provisions of this Lease, are sometimes referred to herein as the "Common Areas." Tenant already ------------ occupies the entire Premises pursuant to a Standard Form Industrial Net Lease dated as of September 23, 1988 between NC Land Associates Limited Partnership, a Delaware limited partnership, and COR Therapeutics, Inc., a California corporation, as amended from time to time (the "Existing Lease"). Effective July -------------- 1, 2001, this Lease supersedes the Existing Lease for all purposes, Tenant’s 's continuing occupancy of the Premises shall be governed solely by the provisions of this Lease, and the Existing Lease shall be of no further force or effect, except that the rights and obligations of Landlord and Tenant with respect to the Premises for periods prior to July 1, 2001 shall continue to be governed by the Existing Lease.

Appears in 1 contract

Samples: Cor Therapeutics Inc / De

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