Common use of Minimum Rental Clause in Contracts

Minimum Rental. (a) Tenant shall pay to Landlord as minimum rental for the Property, in advance, without deduction, offset, notice or demand on or before the Commencement Date and on or before the first day of each subsequent calendar month of the term of this Lease, the following amounts per month: Months Minimum Rental 1–12 $ 159,200 13–24 188,800 25–36 200,800 37–48 206,400 49–60 215,200 61–72 217,600 73–84 188,800 85–96 195,200 97–108 200,800 109–120 207,200 121–132 189,600 A-3 133–144 196,800 145–156 203.200 157–168 211,200 169–180 219,200 If the obligation to pay minimum rental hereunder commences on other than the first day of a calendar month or if the term of this Lease terminates on other than the last day of a calendar month, the minimum rental for such first or last month of the term of this Lease, as the case may be, shall be prorated based on the number of days the term of this Lease is in effect during such month. If an increase in minimum rental becomes effective on a day other than the first day of a calendar month, the minimum rental for that month shall be the sum of the two applicable rates, each prorated for the portion of the month during which such rate is in effect.

Appears in 2 contracts

Samples: Sublease (Five Prime Therapeutics Inc), Sublease (Five Prime Therapeutics Inc)

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Minimum Rental. (a) Tenant shall pay to Landlord as minimum rental for the Property, in advance, without deduction, offset, notice or demand demand, on or before the Commencement Date and on or before the first day of each subsequent calendar month of the term of this Lease, the following amounts per month: Months Minimum Rental 1–12 1 - 6 $ 159,200 13–24 188,800 25–36 200,800 37–48 206,400 49–60 215,200 61–72 217,600 73–84 188,800 85–96 195,200 97–108 200,800 109–120 207,200 121–132 189,600 A-3 133–144 196,800 145–156 203.200 157–168 211,200 169–180 219,200 119,240 7 - 12 132,840 13 - 24 150,770 25 - 36 160,689 37 - 48 164,656 49 - 60 171,930 61 - 72 173,253 73 - 84 149,447 85 - 96 154,076 97 -108 158,705 109 - 120 163,334 121 - 132 148,786 133 - 144 154,076 145 - 156 159,366 157 - 168 165,318 169 - 180 170,608 If the obligation to pay minimum rental hereunder commences on other than the first day of a calendar month or if the term of this Lease terminates on other than the last day of a calendar month, the minimum rental for such first or last month of the term of this Lease, as the case may be, shall be prorated based on the number of days the term of this Lease is in effect during such month. If an increase in minimum rental becomes effective on a day other than the first day of a calendar month, the minimum rental for that month shall be the sum of the two applicable rates, each prorated for the portion of the month during which such rate is in effect.

Appears in 1 contract

Samples: Sublease (Macrogenics Inc)

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Minimum Rental. (a) Tenant shall pay to Landlord as minimum rental for the Property, in advance, without deduction, offset, notice or demand demand, on or before the Commencement Date and on or before the first day of each subsequent calendar month of the term of this Lease, the following amounts per month: Months Minimum Rental 1–12 $ ------ -------------- 1 - 12 $159,200 13–24 13 - 24 188,800 25–36 25 - 36 200,800 37–48 37 - 48 206,400 49–60 49 - 60 215,200 61–72 61 - 72 217,600 73–84 73 - 84 188,800 85–96 85 - 96 195,200 97–108 97 - 108 200,800 109–120 109 - 120 207,200 121–132 121 - 132 189,600 A-3 133–144 133 - 144 196,800 145–156 203.200 157–168 145 - 156 203,200 157 - 168 211,200 169–180 169 - 180 219,200 If the obligation to pay minimum rental hereunder commences on other than the first day of a calendar month or if the term of this Lease terminates on other than the last day of a calendar month, the minimum rental for such first or last month of the term of this Lease, as the case may be, shall be prorated based on the number of days the term of this Lease is in effect during such month. If an increase in minimum rental becomes effective on a day other than the first day of a calendar month, the minimum rental for that month shall be the sum of the two applicable rates, each prorated for the portion of the month during which such rate is in effect.

Appears in 1 contract

Samples: Suit Lease (Tularik Inc)

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