{"component": "clause", "props": {"groups": [{"size": 6, "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [4, 16]}, {"key": "to-landlord", "type": "definition", "offset": [21, 32]}, {"key": "in-advance", "type": "clause", "offset": [69, 79]}, {"key": "notice-or-demand", "type": "clause", "offset": [108, 124]}, {"key": "the-commencement-date", "type": "clause", "offset": [138, 159]}, {"key": "day-of", "type": "clause", "offset": [187, 193]}, {"key": "calendar-month", "type": "definition", "offset": [210, 224]}, {"key": "term-of-this-lease", "type": "definition", "offset": [232, 250]}, {"key": "per-month", "type": "clause", "offset": [274, 283]}, {"key": "obligation-to-pay", "type": "clause", "offset": [538, 555]}, {"key": "last-day", "type": "definition", "offset": [697, 705]}, {"key": "last-month", "type": "definition", "offset": [764, 774]}, {"key": "the-case", "type": "definition", "offset": [805, 813]}, {"key": "based-on", "type": "definition", "offset": [840, 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"type": "definition", "offset": [1553, 1570]}, {"key": "in-accordance-with", "type": "clause", "offset": [1628, 1646]}, {"key": "upon-landlord", "type": "definition", "offset": [1663, 1676]}, {"key": "receipt-of-a", "type": "clause", "offset": [1679, 1691]}, {"key": "of-tenant", "type": "clause", "offset": [1706, 1715]}, {"key": "exercise-of", "type": "clause", "offset": [1718, 1729]}, {"key": "option-to-extend-the-term", "type": "clause", "offset": [1734, 1759]}, {"key": "the-parties-shall", "type": "clause", "offset": [1775, 1792]}, {"key": "days-in", "type": "definition", "offset": [1809, 1816]}, {"key": "commencement-of-the", "type": "clause", "offset": [1936, 1955]}, {"key": "uses-permitted", "type": "clause", "offset": [1984, 1998]}, {"key": "the-parties-agree", "type": "clause", "offset": [2013, 2030]}, {"key": "amendment-to", "type": "clause", "offset": [2121, 2133]}, {"key": "minimum-monthly-rental", "type": "clause", "offset": [2182, 2204]}, {"key": "parties-are", "type": 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{"key": "notify-the", "type": "clause", "offset": [4129, 4139]}, {"key": "divided-by", "type": "clause", "offset": [4281, 4291]}, {"key": "binding-on-the-parties", "type": "clause", "offset": [4631, 4653]}, {"key": "further-proceedings", "type": "clause", "offset": [4686, 4705]}, {"key": "relating-to", "type": "definition", "offset": [4706, 4717]}, {"key": "section-31", "type": "clause", "offset": [4751, 4762]}, {"key": "with-reference-to", "type": "clause", "offset": [4828, 4845]}, {"key": "rental-rates", "type": "definition", "offset": [4873, 4885]}, {"key": "standard-office", "type": "definition", "offset": [4949, 4964]}, {"key": "development-improvements", "type": "definition", "offset": [4979, 5003]}, {"key": "common-area", "type": "definition", "offset": [5014, 5025]}, {"key": "then-existing", "type": "definition", "offset": [5060, 5073]}, {"key": "in-the-building", "type": "clause", "offset": [5074, 5089]}, {"key": "second-extended-term", "type": "definition", "offset": [5267, 5287]}, {"key": "in-the-same-manner", "type": "definition", "offset": [5406, 5424]}, {"key": "the-determination", "type": "clause", "offset": [5502, 5519]}, {"key": "rental-amounts", "type": "clause", "offset": [5602, 5616]}, {"key": "estimated-area", "type": "definition", "offset": [5665, 5679]}, {"key": "square-feet", "type": "definition", "offset": [5690, 5701]}, {"key": "for-the-building", "type": "clause", "offset": [5702, 5718]}, {"key": "area-of-the-building", "type": "definition", "offset": [5734, 5754]}, {"key": "change-in", "type": "definition", "offset": [5913, 5922]}, {"key": "the-area", "type": "clause", "offset": [5923, 5931]}, {"key": "boma-standard", "type": "definition", "offset": [5981, 5994]}, {"key": "applicable-to", "type": "clause", "offset": [6008, 6021]}], "snippet": "(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\u201312 $ 159,200 13\u201324 188,800 25\u201336 200,800 37\u201348 206,400 49\u201360 215,200 61\u201372 217,600 73\u201384 188,800 85\u201396 195,200 97\u2013108 200,800 109\u2013120 207,200 121\u2013132 189,600 133\u2013144 196,800 145\u2013156 203.200 157\u2013168 211,200 169\u2013180 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.\n(b) If Tenant properly exercises its right to extend the term of this Lease pursuant to Section 2.6 hereof, the minimum rental during the first extended term shall be equal to ninety-five percent (95%) of the fair market rental value of the Property (as defined below), including any rental increase provisions then customary in the relevant market for comparable commercial leases, determined as of the commencement of such extended term in accordance with this paragraph. Upon Landlord\u2019s receipt of a proper notice of Tenant\u2019s exercise of its option to extend the term of this Lease, the parties shall have sixty (60) days in which to agree on the fair market rental (including any applicable rental increase provisions) for the Property at the commencement of the first extended term for the uses permitted hereunder. If the parties agree on such fair market rental and rental increase provisions (if any), they shall execute an amendment to this Lease stating the amount of the applicable minimum monthly rental and any applicable rental increase provisions. If the parties are unable to agree on such rental (including any applicable rental increase provisions) within such sixty (60) day period, then within fifteen (15) days after the expiration of such period each party, at its cost and by giving notice to the other party, shall appoint a real estate appraiser with at least five (5) years\u2019 experience appraising similar commercial properties in northeastern San Mateo County to appraise and set the fair market rental and any applicable rental increase provisions for the Property at the commencement of the first extended term. If either party fails to appoint an appraiser within the allotted time, the single appraiser appointed by the other party shall be the sole appraiser. If an appraiser is appointed by each party and the two appraisers so appointed are unable to agree upon a fair market rental (and any appropriate rental increase provisions) within thirty (30) days after the appointment of the second, they shall appoint a third qualified appraiser within ten (10) days after expiration of such 30-day period; if they are unable to agree upon a third appraiser, either party may upon not less than five (5) days\u2019 notice to the other party, apply to the Presiding Judge of the San Mateo County Superior Court for the appointment of a third qualified appraiser. Each party shall bear its own legal fees in connection with appointment of the third appraiser and shall bear one-half of any other costs of appointment of the third appraiser and of such third appraiser\u2019s fee. The third appraiser, however selected, shall be a person who has not previously acted for either party in any capacity. Within thirty (30) days after the appointment of the third appraiser, a majority of the three appraisers shall set the fair market rental and any applicable rental increase provisions for the first extended term and shall so notify the parties. If a majority are unable to agree within the allotted time, (i) the three appraised fair market rentals shall be added together and divided by three and the resulting quotient shall be the fair market rental for the first extended term, and (ii) the applicable rental increase provision shall be equal to the mathematical average (or the nearest reasonable approximation thereto) of the two rental increase provisions that are most closely comparable, which determinations shall be binding on the parties and shall be enforceable in any further proceedings relating to this Lease. For purposes of this Section 3.1(b), the \u201cfair market rental\u201d of the Property shall be determined with reference to the then prevailing market rental rates for properties in northeastern San Mateo County with shell and standard office, research and development improvements and site (common area) improvements comparable to those then existing in the Building and on the Property; no equipment or laboratory improvements shall be taken into account in determining such fair market rental.\n(c) If Tenant properly exercises its right to a second extended term of this Lease pursuant to Section 2.6 hereof, the minimum rental during such second extended term shall be determined in the same manner provided in the preceding paragraph for the first extended term, except that the determination shall be made as of the commencement of the second extended term.\n(d) The minimum rental amounts specified in this Section 3.1 are based upon an estimated area of 80,000 square feet for the Building. If the actual area of the Building, when completed, is greater or less than such estimated area, then the minimum rentals specified in this Section 3.1 shall be adjusted proportionately to the change in the area of the Building, measured in accordance with the BOMA standard most closely applicable to a two-story, single-tenant building of this nature.", "samples": [{"hash": "5oBcJxuUO4q", "uri": "/contracts/5oBcJxuUO4q#minimum-rental", "label": "Sublease (Five Prime Therapeutics Inc)", "score": 22.5646820068, "published": true}, {"hash": "9Ml7HojepwU", "uri": "/contracts/9Ml7HojepwU#minimum-rental", "label": "Sublease (Five Prime Therapeutics Inc)", "score": 22.4496917725, "published": true}], "hash": "ead346d3aa3ea3949d7dbf38f447cf0e", "id": 1}, {"size": 5, "snippet_links": [{"key": "the-commencement-date", "type": "clause", "offset": [15, 36]}, {"key": "expiration-date", "type": "definition", "offset": [64, 79]}, {"key": "termination-of-this-lease", "type": "definition", "offset": [91, 116]}, {"key": "tenant-shall", "type": "clause", "offset": [118, 130]}, {"key": "in-accordance-with", "type": "clause", "offset": [150, 168]}, {"key": "the-schedule", "type": "clause", "offset": [169, 181]}, {"key": "equal-monthly-installments", "type": "clause", "offset": [211, 237]}, {"key": "in-advance", "type": "clause", "offset": [243, 253]}, {"key": "day-of", "type": "clause", "offset": [277, 283]}, {"key": "calendar-month", "type": "definition", "offset": [361, 375]}, {"key": "before-the-commencement", "type": "clause", "offset": [494, 517]}], "snippet": "Beginning with the Commencement Date and continuing through the Expiration Date or earlier termination of this Lease, Tenant shall pay Minimum Rental in accordance with the schedule set forth in Section 1(g) in equal monthly installments each in advance on or before the first day of each month. If the Commencement Date is a date other than the first day of a calendar month, the Minimum Rental shall be prorated daily from such date to the first day of the next calendar month and paid on or before the Commencement Date.", "samples": [{"hash": "aeiAUE2XtsE", "uri": "/contracts/aeiAUE2XtsE#minimum-rental", "label": "Lease Agreement (Inspire Pharmaceuticals Inc)", "score": 19.0, "published": true}, {"hash": "23Oie6qImxe", "uri": "/contracts/23Oie6qImxe#minimum-rental", "label": "Lease Agreement (Inspire Pharmaceuticals Inc)", "score": 19.0, "published": true}, {"hash": "ffgrzBdATIa", "uri": "/contracts/ffgrzBdATIa#minimum-rental", "label": "Lease Agreement (Oni Systems Corp)", "score": 18.0, "published": true}], "hash": "37fd9388f1485118e62e8f09b484cd15", "id": 2}, {"size": 4, "snippet_links": [{"key": "the-foregoing", "type": "clause", "offset": [28, 41]}, {"key": "in-no-event-shall", "type": "clause", "offset": [59, 76]}, {"key": "monthly-rent", "type": "clause", "offset": [81, 93]}, {"key": "the-renewal-period", "type": "definition", "offset": [101, 119]}, {"key": "rent-payable", "type": "definition", "offset": [193, 205]}, {"key": "by-tenant", "type": "definition", "offset": [206, 215]}, {"key": "premises-leased", "type": "definition", "offset": [232, 247]}, {"key": "calendar-month", "type": "definition", "offset": [305, 319]}, {"key": "commencement-of-the", "type": "clause", "offset": [346, 365]}, {"key": "fair-market-rent", "type": "clause", "offset": [389, 405]}, {"key": "not-established", "type": "definition", "offset": [409, 424]}, {"key": "prior-to-the-commencement", "type": "clause", "offset": [425, 450]}, {"key": "tenant-shall", "type": "clause", "offset": [479, 491]}, {"key": "to-pay", "type": "clause", "offset": [501, 507]}, {"key": "in-effect", "type": "definition", "offset": [553, 562]}, {"key": "day-of", "type": "clause", "offset": [578, 584]}, {"key": "term-of-the-lease", "type": "clause", "offset": [597, 614]}, {"key": "to-landlord", "type": "definition", "offset": [696, 707]}, {"key": "amount-paid", "type": "clause", "offset": [730, 741]}, {"key": "executed-by", "type": "definition", "offset": [786, 797]}, {"key": "landlord-and-tenant", "type": "definition", "offset": [798, 817]}, {"key": "page-1", "type": "definition", "offset": [857, 863]}, {"key": "a-delaware-limited-liability-company", "type": "clause", "offset": [910, 946]}, {"key": "corporation-by", "type": "definition", "offset": [973, 987]}, {"key": "vice-president", "type": "clause", "offset": [1068, 1082]}, {"key": "exterior-of-the-premises", "type": "definition", "offset": [1318, 1342]}, {"key": "consent-of-landlord", "type": "clause", "offset": [1369, 1388]}, {"key": "sole-discretion", "type": "definition", "offset": [1434, 1449]}, {"key": "landlord-shall", "type": "clause", "offset": [1451, 1465]}, {"key": "right-to-remove", "type": "clause", "offset": [1475, 1490]}, {"key": "at-tenant", "type": "definition", "offset": [1492, 1501]}, {"key": "notice-to-tenant", "type": "definition", "offset": [1524, 1540]}, {"key": "approved-by", "type": "definition", "offset": [1623, 1634]}, {"key": "in-writing", "type": "definition", "offset": [1673, 1683]}, {"key": "in-connection-with", "type": "clause", "offset": [1780, 1798]}, {"key": "drinking-water", "type": "definition", "offset": [1997, 2011]}, {"key": "repair-services", "type": "definition", "offset": [2062, 2077]}, {"key": "other-similar-services", "type": "clause", "offset": [2082, 2104]}, {"key": "authorized-by", "type": "clause", "offset": [2160, 2173]}, {"key": "bulletin-board", "type": "definition", "offset": [2248, 2262]}, {"key": "location-of", "type": "clause", "offset": [2353, 2364]}, {"key": "right-to-exclude", "type": "clause", "offset": [2404, 2420]}, {"key": "other-names", "type": "clause", "offset": [2425, 2436]}, {"key": "tenant-parties", "type": "definition", "offset": [2563, 2577]}, {"key": "the-halls", "type": "definition", "offset": [2668, 2677]}, {"key": "balconies-and-roof", "type": "clause", "offset": [2729, 2747]}, {"key": "general-public", "type": "definition", "offset": [2775, 2789]}, {"key": "in-all-cases", "type": "clause", "offset": [2809, 2821]}, {"key": "right-to-control", "type": "clause", "offset": [2833, 2849]}, {"key": "the-judgment", "type": "clause", "offset": [2910, 2922]}, {"key": "the-safety", "type": "clause", "offset": [2959, 2969]}, {"key": "no-employees", "type": "clause", "offset": [3054, 3066]}, {"key": "additional-locks", "type": "clause", "offset": [3190, 3206]}, {"key": "exterior-door", "type": "definition", "offset": [3239, 3252]}, {"key": "toilet-rooms", "type": "clause", "offset": [3323, 3335]}, {"key": "substance-of", "type": "clause", "offset": [3483, 3495]}, {"key": "resulting-from-the", "type": "clause", "offset": [3592, 3610]}, {"key": "this-rule", "type": "definition", "offset": [3624, 3633]}, {"key": "by-the-tenant", "type": "clause", "offset": [3649, 3662]}, {"key": "as-landlord", "type": "definition", "offset": [4128, 4139]}, {"key": "safes-and-other-heavy-equipment", "type": "clause", "offset": [4237, 4268]}, {"key": "manner-of", "type": "clause", "offset": [4318, 4327]}, {"key": "heavy-objects", "type": "clause", "offset": [4387, 4400]}, {"key": "distribute-the", "type": "clause", "offset": [4511, 4525]}, {"key": "loss-of-or-damage-to", "type": "clause", "offset": [4571, 4591]}, {"key": "other-property", "type": "definition", "offset": [4712, 4726]}, {"key": "available-for-use", "type": "definition", "offset": [4828, 4845]}, {"key": "in-the-building", "type": "clause", "offset": [4861, 4876]}, {"key": "pursuant-to-such", "type": "clause", "offset": [4898, 4914]}, {"key": "from-time-to-time", "type": "clause", "offset": [4952, 4969]}, {"key": "the-persons", "type": "clause", "offset": [4971, 4982]}, {"key": "moving-company", "type": "clause", "offset": [5120, 5134]}, {"key": "business-is", "type": "definition", "offset": [5198, 5209]}, {"key": "relocation-services", "type": "definition", "offset": [5228, 5247]}, {"key": "fully-insured", "type": "clause", "offset": [5272, 5285]}, {"key": "person-or-company", "type": "definition", "offset": [5323, 5340]}, {"key": "the-real-property", "type": "clause", "offset": [5405, 5422]}, {"key": "personal-liability", "type": "definition", "offset": [5635, 5653]}, {"key": "theft-or-damage", "type": "clause", "offset": [5655, 5670]}, {"key": "not-limited", "type": "clause", "offset": [5708, 5719]}, {"key": "floor-coverings", "type": "clause", "offset": [5724, 5739]}, {"key": "special-care", "type": "definition", "offset": [5799, 5811]}, {"key": "adverse-weather", "type": "definition", "offset": [5878, 5893]}, {"key": "business-hours", "type": "clause", "offset": [6040, 6054]}, {"key": "preservation-of", "type": "clause", "offset": [6206, 6221]}, {"key": "good-order", "type": "clause", "offset": [6222, 6232]}, {"key": "other-occupants", "type": "definition", "offset": [6474, 6489]}, {"key": "other-tenants", "type": "definition", "offset": [6580, 6593]}, {"key": "explosive-devices", "type": "definition", "offset": [6831, 6848]}, {"key": "tenant-may", "type": "definition", "offset": [6904, 6914]}, {"key": "other-vehicles", "type": "definition", "offset": [6941, 6955]}, {"key": "premises-a", "type": "definition", "offset": [7132, 7142]}, {"key": "microwave-oven", "type": "definition", "offset": [7143, 7157]}, {"key": "and-equipment", "type": "clause", "offset": [7172, 7185]}, {"key": "provided-that", "type": "clause", "offset": [7248, 7261]}, {"key": "safety-requirements", "type": "definition", "offset": [7298, 7317]}, {"key": "compliance-with-legal-requirements", "type": "clause", "offset": [7350, 7384]}, {"key": "method-of", "type": "clause", "offset": [7749, 7758]}, {"key": "air-conditioning", "type": "definition", "offset": [7770, 7786]}, {"key": "telecommunications-wiring", "type": "clause", "offset": [7897, 7922]}, {"key": "prior-consent", "type": "definition", "offset": [8038, 8051]}, {"key": "the-location", "type": "clause", "offset": [8065, 8077]}, {"key": "office-equipment", "type": "clause", "offset": [8114, 8130]}, {"key": "subject-to-the", "type": "clause", "offset": [8164, 8178]}, {"key": "approval-of-landlord", "type": "clause", "offset": [8185, 8205]}, {"key": "termination-of-the-lease", "type": "clause", "offset": [8242, 8266]}, {"key": "deliver-to", "type": "definition", "offset": [8281, 8291]}, {"key": "by-landlord-to-tenant", "type": "clause", "offset": [8371, 8392]}, {"key": "copies-of", "type": "definition", "offset": [8401, 8410]}, {"key": "in-the-event", "type": "clause", "offset": [8444, 8456]}, {"key": "except-to-the-extent", "type": "clause", "offset": [8690, 8710]}, {"key": "in-advance", "type": "clause", "offset": [8738, 8748]}, {"key": "removal-of", "type": "definition", "offset": [8841, 8851]}, {"key": "customary-charge", "type": "definition", "offset": [9268, 9284]}, {"key": "at-all-times", "type": "definition", "offset": [9344, 9356]}, {"key": "building-hours", "type": "definition", "offset": [9368, 9382]}, {"key": "access-to-the-building", "type": "clause", "offset": [9384, 9406]}, {"key": "person-seeking-access", "type": "definition", "offset": [9521, 9542]}, {"key": "in-no-case", "type": "clause", "offset": [9661, 9671]}, {"key": "liable-for-damages", "type": "clause", "offset": [9675, 9693]}, {"key": "with-regard-to", "type": "clause", "offset": [9708, 9722]}, {"key": "in-case-of", "type": "clause", "offset": [9786, 9796]}, {"key": "the-tenants", "type": "definition", "offset": [10007, 10018]}, {"key": "protection-of-property", "type": "clause", "offset": [10023, 10045]}, {"key": "leaving-the-building", "type": "clause", "offset": [10177, 10197]}, {"key": "shut-off", "type": "definition", "offset": [10294, 10302]}, {"key": "prevent-waste", "type": "definition", "offset": [10443, 10456]}, {"key": "make-good", "type": "clause", "offset": [10517, 10526]}, {"key": "sustained-by", "type": "clause", "offset": [10540, 10552]}, {"key": "responsible-to", "type": "clause", "offset": [10631, 10645]}, {"key": "loss-of-property", "type": "clause", "offset": [10657, 10673]}, {"key": "on-the-premises", "type": "definition", "offset": [10674, 10689]}, {"key": "property-of-tenant", "type": "clause", "offset": [10735, 10753]}, {"key": "caused-by", "type": "clause", "offset": [10754, 10763]}, {"key": "the-employees", "type": "clause", "offset": [10764, 10777]}, {"key": "independent-contractors", "type": "clause", "offset": [10781, 10804]}, {"key": "any-other-person", "type": "definition", "offset": [10823, 10839]}, {"key": "under-the-influence-of-liquor", "type": "definition", "offset": [10974, 11003]}, {"key": "in-violation", "type": "definition", "offset": [11052, 11064]}, {"key": "rules-and-regulations-of-the-building", "type": "clause", "offset": [11079, 11116]}, {"key": "the-requirements", "type": "clause", "offset": [11122, 11138]}, {"key": "tenant-will", "type": "clause", "offset": [11146, 11157]}, {"key": "office-of-the-building", "type": "clause", "offset": [11202, 11224]}, {"key": "employees-of-landlord", "type": "clause", "offset": [11226, 11247]}, {"key": "regular-duties", "type": "clause", "offset": [11307, 11321]}, {"key": "special-instructions", "type": "clause", "offset": [11335, 11355]}, {"key": "from-landlord", "type": "clause", "offset": [11356, 11369]}, {"key": "employee-will", "type": "clause", "offset": [11378, 11391]}, {"key": "specific-instructions", "type": "definition", "offset": [11453, 11474]}, {"key": "vending-machine", "type": "definition", "offset": [11497, 11512]}, {"key": "subject-to-tenant", "type": "definition", "offset": [11656, 11673]}, {"key": "in-accordance-with", "type": "clause", "offset": [11708, 11726]}, {"key": "security-procedures", "type": "clause", "offset": [11736, 11755]}, {"key": "exit-doors", "type": "definition", "offset": [11827, 11837]}, {"key": "the-building-and-the-property", "type": "clause", "offset": [11973, 12002]}, {"key": "no-obligation-to-provide", "type": "clause", "offset": [12075, 12099]}, {"key": "guard-service", "type": "clause", "offset": [12100, 12113]}, {"key": "other-security-measures", "type": "clause", "offset": [12117, 12140]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [12141, 12159]}], "snippet": "Notwithstanding anything in the foregoing to the contrary, in no event shall the Monthly Rent during the renewal period be less than the aggregate of the amounts of Monthly Rent and Additional Rent payable by Tenant (for all of the Premises leased hereunder) under Paragraphs 2.b., 5 and 7 hereof for the calendar month immediately preceding the commencement of the renewal period. If the fair market rent is not established prior to the commencement of the renewal period, then Tenant shall continue to pay as Monthly Rent and Additional Rent the sums in effect as of the last day of the initial term of the Lease and, as soon as the fair market rent is determined, Tenant shall immediately pay to Landlord any deficiency in the amount paid by Tenant during such period. THIS LEASE IS EXECUTED by Landlord and Tenant as of the date set forth at the top of page 1 hereof. Landlord: Tenant: SRI ELEVEN ROW LLC, a Delaware limited liability company ZSCALER, INC., a Delaware corporation By: /s/ \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 By: /s/ \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 Name: \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 Name: \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 Title: Vice President Title: VP, Finance\n1. No sign, placard, picture, advertisement, name or notice shall be inscribed, displayed or printed or affixed on or to any part of the outside or inside of the Building or any part of the Premises visible from the exterior of the Premises without the prior written consent of Landlord, which consent may be withheld in Landlord\u2019s sole discretion. Landlord shall have the right to remove, at Tenant\u2019s expense and without notice to Tenant, any such sign, placard, picture, advertisement, name or notice that has not been approved by Landlord. If Landlord notifies Tenant in writing that Landlord objects to any curtains, blinds, shades or screens attached to or hung in or used in connection with any window or door of the Premises, such use of such curtains, blinds, shades or screens shall be removed immediately by Tenant. No awning shall be permitted on any part of the Premises.\n2. No ice, drinking water, towel, barbering or bootblacking, shoeshining or repair services, or other similar services shall be provided to the Premises, except from persons authorized by Landlord and at the hours and under regulations fixed by Landlord.\n3. The bulletin board or directory of the Building will be provided exclusively for the display of the name and location of tenants only and Landlord reserves the right to exclude any other names therefrom.\n4. The sidewalks, halls, passages, exits, entrances, elevators and stairways shall not be obstructed by any of the Tenant Parties or used by Tenant for any purpose other than for ingress to and egress from its Premises. The halls, passages, exits, entrances, elevators, stairways, balconies and roof are not for the use of the general public and Landlord shall in all cases retain the right to control and prevent access thereto by all persons whose presence in the judgment of Landlord shall be prejudicial to the safety, character, reputation and interests of the Building and its tenants. No tenant and no employees or invitees of any tenant shall go upon the roof of the Building.\n5. Tenant shall not alter any lock or install any new or additional locks or any bolts on any interior or exterior door of the Premises without the prior written consent of Landlord.\n6. The toilet rooms, toilets, urinals, wash bowls and other apparatus shall not be used for any purpose other than that for which they were constructed and no foreign substance of any kind whatsoever shall be thrown therein and the expense of any breakage, stoppage or damage resulting from the violation of this rule shall be borne by the tenant who, or whose employees or invitees, shall have caused it.\n7. Tenant shall not overload the floor of the Premises or \u2587\u2587\u2587\u2587, drive nails, screw or drill into the partitions, woodwork or plaster or in any way deface the Premises or any part thereof.\n8. No furniture, freight or equipment of any kind shall be brought into the Building without the consent of Landlord and all moving of the same into or out of the Building shall be done at such time and in such manner as Landlord shall designate. Landlord shall have the right to prescribe the weight, size and position of all safes and other heavy equipment brought into the Building and also the times and manner of moving the same in and out of the Building. Safes or other heavy objects shall, if considered necessary by Landlord, stand on a platform of such thickness as is necessary to properly distribute the weight. Landlord will not be responsible for loss of or damage to any such safe or property from any cause, and all damage done to the Building by moving or maintaining any such safe or other property shall be repaired at the expense of Tenant. The elevator designated for freight by Landlord shall be available for use by all tenants in the Building during the hours and pursuant to such procedures as Landlord may determine from time to time. The persons employed to move Tenant\u2019s equipment, material, furniture or other property in or out of the Building must be acceptable to Landlord. The moving company must be a locally recognized professional mover, whose primary business is the performing of relocation services, and must be bonded and fully insured. In no event shall Tenant employ any person or company whose presence may give rise to a labor or other disturbance in the Real Property. A certificate or other verification of such insurance must be received and approved by Landlord prior to the start of any moving operations. Insurance must be sufficient in Landlord\u2019s sole opinion, to cover all personal liability, theft or damage to the Real Property, including, but not limited to, floor coverings, doors, walls, elevators, stairs, foliage and landscaping. Special care must be taken to prevent damage to foliage and landscaping during adverse weather. All moving operations shall be conducted at such times and in such a manner as Landlord shall direct, and all moving shall take place during non-business hours unless Landlord agrees in writing otherwise.\n9. Tenant shall not cause any unnecessary labor by reason of Tenant\u2019s carelessness or indifference in the preservation of good order and cleanliness.\n10. Tenant shall not use, keep or permit to be used or kept any foul or noxious gas or substance in the Premises, or permit or suffer the Premises to be occupied or used in a manner offensive or objectionable to Landlord or other occupants of the Building by reason of noise, odors and/or vibrations, or interfere in any way with other tenants or those having business therein, nor shall any animals or birds be brought in or kept in or about the Premises or the Building. In no event shall Tenant keep, use, or permit to be used in the Premises or the Building any guns, firearm, explosive devices or ammunition. Except in areas designated by Landlord, Tenant may not bring any bicycles or other vehicles onto the Building or the Real Property.\n11. No cooking shall be done or permitted by Tenant in the Premises, except that Tenant may maintain and use in the kitchen area of the Premises a microwave oven, toaster oven and equipment for brewing coffee, tea, hot chocolate and similar beverages, provided that all such equipment compiles with UL safety requirements, is otherwise used by Tenant in compliance with Legal Requirements and does not result in odors noticeable outside the Premises. The Premises shall not be used for the storage of merchandise, for washing clothes, for lodging, or for any improper, objectionable or immoral purposes.\n12. Tenant shall not use or keep in the Premises or the Building any kerosene, gasoline, or inflammable or combustible fluid or material, or use any method of heating or air conditioning other than that supplied by Landlord.\n13. Landlord will direct electricians as to where and how telephone and telecommunications wiring is to be introduced into the Premises and the Building. No boring or cutting for wires will be allowed without the prior consent of Landlord. The location of telephones, call boxes and other office equipment affixed to the Premises shall be subject to the prior approval of Landlord.\n14. Upon the expiration or earlier termination of the Lease, Tenant shall deliver to Landlord the keys of offices, rooms and toilet rooms which have been furnished by Landlord to Tenant and any copies of such keys which Tenant has made. In the event Tenant has lost any keys furnished by Landlord, Tenant shall pay Landlord for such keys.\n15. Tenant shall not lay linoleum, tile, carpet or other similar floor covering so that the same shall be affixed to the floor of the Premises, except to the extent and in the manner approved in advance by Landlord. The expense of repairing any damage resulting from a violation of this rule or removal of any floor covering shall be borne by the tenant by whom, or by whose contractors, employees or invitees, the damage shall have been caused.\n16. No furniture, packages, supplies, equipment or merchandise will be received in the Building or carried up or down in the elevators, except between such hours and in such elevators as shall be designated by Landlord, which elevator usage shall be subject to the Building\u2019s customary charge therefor as established from time to time by Landlord.\n17. At all times other than Building Hours, access to the Building, or to the halls, corridors, elevators or stairways in the Building, or to the Premises may be refused unless the person seeking access is known to the person or employee of the Building in charge and has a pass or is properly identified. Landlord shall in no case be liable for damages for any error with regard to the admission to or exclusion from the Building of any person. In case of invasion, mob, riot, public excitement, or other commotion, Landlord reserves the right to prevent access to the Building during the continuance of the same by closing the doors or otherwise, for the safety of the tenants and protection of property in the Building.\n18. Tenant shall be responsible for insuring that the doors of the Premises are closed and securely locked before leaving the Building and must observe strict care and caution that all water faucets or water apparatus are entirely shut off before Tenant or Tenant\u2019s employees leave the Building, and that all electricity, gas or air shall likewise be carefully shut off, so as to prevent waste or damage, and for any default or carelessness Tenant shall make good all injuries sustained by other tenants or occupants of the Building or Landlord. Landlord shall not be responsible to Tenant for loss of property on the Premises, however occurring, or for any damage to the property of Tenant caused by the employees or independent contractors of Landlord or by any other person.\n19. Landlord reserves the right to exclude or expel from the Building any person who, in the judgment of Landlord, is intoxicated or under the influence of liquor or drugs, or who shall in any manner do any act in violation of any of the rules and regulations of the Building.\n20. The requirements of any tenant will be attended to only upon application at the office of the Building. Employees of Landlord shall not perform any work or do anything outside of their regular duties unless under special instructions from Landlord, and no employee will admit any person (tenant or otherwise) to any office without specific instructions from Landlord.\n21. No vending machine or machines of any description shall be installed, maintained or operated upon the Premises without the prior written consent of Landlord.\n22. Subject to Tenant\u2019s right of access to the Premises in accordance with Building security procedures, Landlord reserves the right to close and keep locked all entrance and exit doors of the Building outside of Building Hours, and during such further hours as Landlord may deem advisable for the adequate protection of the Building and the property of its tenants.\n23. Tenant hereby acknowledges that Landlord shall have no obligation to provide guard service or other security measures for the benefit of the Premises, the Building or the Real Property.", "samples": [{"hash": "duVqkZWVobS", "uri": "/contracts/duVqkZWVobS#minimum-rental", "label": "Office Lease (Zscaler, Inc.)", "score": 28.646818161, "published": true}], "hash": "04844ca723a7a2e320b26afbc9384347", "id": 3}, {"size": 3, "snippet_links": [{"key": "the-foregoing", "type": "clause", "offset": [28, 41]}, {"key": "exhibit-d", "type": "definition", "offset": [45, 54]}, {"key": "in-no-event-shall", "type": "clause", "offset": [88, 105]}, {"key": "monthly-rent", "type": "clause", "offset": [110, 122]}, {"key": "the-renewal-period", "type": "definition", "offset": [130, 148]}, {"key": "rent-payable", "type": "definition", "offset": [222, 234]}, {"key": "premises-leased", "type": "definition", "offset": [261, 276]}, {"key": "calendar-month", "type": "definition", "offset": [334, 348]}, {"key": "commencement-of-the", "type": "clause", "offset": [375, 394]}], "snippet": "Notwithstanding anything in the foregoing or EXHIBIT D attached hereto to the contrary, in no event shall the Monthly Rent during the renewal period be less than the aggregate of the amounts of Monthly Rent and Additional Rent payable by \u2587\u2587\u2587\u2587\u2587\u2587 (for all of the Premises leased hereunder) under Paragraphs 2.c., 5 and 7 hereof for the calendar month immediately preceding the commencement of the renewal period.", "samples": [{"hash": "lv773yXvUTp", "uri": "/contracts/lv773yXvUTp#minimum-rental", "label": "Office Lease (Ask Jeeves Inc)", "score": 18.0, "published": true}, {"hash": "ftatNgk4Sws", "uri": "/contracts/ftatNgk4Sws#minimum-rental", "label": "Office Lease (Ask Jeeves Inc)", "score": 18.0, "published": true}], "hash": "c3d09c88ddc3f45d7fc32938d45e86a4", "id": 4}, {"size": 3, "snippet_links": [{"key": "the-foregoing", "type": "clause", "offset": [28, 41]}, {"key": "the-renewal-period", "type": "definition", "offset": [66, 84]}, {"key": "in-no-event-shall", "type": "clause", "offset": [85, 102]}, {"key": "monthly-rent", "type": "clause", "offset": [107, 119]}, {"key": "paragraph-5", "type": "definition", "offset": [126, 137]}, {"key": "rent-payable", "type": "definition", "offset": [176, 188]}, {"key": "by-tenant", "type": "definition", "offset": [189, 198]}, {"key": "premises-leased", "type": "definition", "offset": [215, 230]}, {"key": "calendar-month", "type": "definition", "offset": [285, 299]}, {"key": "commencement-of-the", "type": "clause", "offset": [326, 345]}, {"key": "fair-market-rent", "type": "clause", "offset": [369, 385]}, {"key": "not-established", "type": "definition", "offset": [389, 404]}, {"key": "prior-to-the-commencement", "type": "clause", "offset": [405, 430]}, {"key": "tenant-shall", "type": "clause", "offset": [459, 471]}, {"key": "to-pay", "type": "clause", "offset": [481, 487]}, {"key": "in-effect", "type": "definition", "offset": [512, 521]}, {"key": "day-of", "type": "clause", "offset": [554, 560]}, {"key": "term-of-the-lease", "type": "clause", "offset": [573, 590]}, {"key": "to-landlord", "type": "definition", "offset": [672, 683]}, {"key": "amount-paid", "type": "clause", "offset": [706, 717]}], "snippet": "Notwithstanding anything in the foregoing to the contrary, during the renewal period in no event shall the Monthly Rent under Paragraph 5 of the Lease be less than the Monthly Rent payable by Tenant (for all of the Premises leased hereunder) under Paragraphs 2.b. and 5 hereof for the calendar month immediately preceding the commencement of the renewal period. If the fair market rent is not established prior to the commencement of the renewal period, then Tenant shall continue to pay as Monthly Rent the sum in effect for Monthly Rent as of the last day of the initial term of the Lease and, as soon as the fair market rent is determined, Tenant shall immediately pay to Landlord any deficiency in the amount paid by Tenant during such period.", "samples": [{"hash": "9yhAT6tooI1", "uri": "/contracts/9yhAT6tooI1#minimum-rental", "label": "Office Lease (Cra International, Inc.)", "score": 30.4757022858, "published": true}], "hash": "d9e69780b8469166176bc2ebb0b9e441", "id": 5}, {"size": 2, "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [0, 12]}, {"key": "to-landlord", "type": "definition", "offset": [44, 55]}, {"key": "minimum-annual-rental", "type": "definition", "offset": [56, 77]}, {"key": "the-lease-agreement", "type": "definition", "offset": [130, 149]}, {"key": "equal-monthly-installments", "type": "clause", "offset": [181, 207]}, {"key": "part-3", "type": "definition", "offset": [240, 246]}, {"key": "in-advance", "type": "clause", "offset": [327, 337]}, {"key": "day-of", "type": "clause", "offset": [361, 367]}, {"key": "term-of-this-lease", "type": "definition", "offset": [394, 412]}, {"key": "calendar-month", "type": "definition", "offset": [445, 459]}, {"key": "daily-rate", "type": "clause", "offset": [483, 493]}, {"key": "days-in", "type": "definition", "offset": [519, 526]}, {"key": "calendar-year", "type": "definition", "offset": [542, 555]}, {"key": "due-date", "type": "definition", "offset": [642, 650]}], "snippet": "Tenant shall, without demand or notice, pay to Landlord minimum annual rental (\"Minimum Rental\") in the amount as is set forth in the Lease Agreement which amounts shall be paid in equal monthly installments (or in the manner prescribed by Part 3 of the Lease to which this is an Exhibit without deduction, abatement or setoff in advance on or before the first day of each month throughout the term of this Lease. Minimum Rental for any partial calendar month shall be prorated at a daily rate based upon the number of days in the respective calendar year. Tenant shall not prepay any Minimum Rental more than one (1) month in advance of its due date.", "samples": [{"hash": "hI17Af20NVT", "uri": "/contracts/hI17Af20NVT#minimum-rental", "label": "Retail Lease Agreement (Silicon Entertainment Inc /Ca/)", "score": 18.0, "published": true}, {"hash": "3gj8WVsLago", "uri": "/contracts/3gj8WVsLago#minimum-rental", "label": "Retail Lease Agreement (Silicon Entertainment Inc /Ca/)", "score": 18.0, "published": true}], "hash": "9dc22ff7811ceb55814118ac9a4fd076", "id": 6}, {"size": 2, "snippet_links": [{"key": "no-tenant-default", "type": "clause", "offset": [9, 26]}, {"key": "applicable-cure-period", "type": "definition", "offset": [79, 101]}, {"key": "tenant-shall", "type": "clause", "offset": [103, 115]}, {"key": "no-obligation", "type": "clause", "offset": [121, 134]}, {"key": "payment-of", "type": "definition", "offset": [143, 153]}, {"key": "additional-rent", "type": "definition", "offset": [172, 187]}, {"key": "from-the-commencement-date", "type": "clause", "offset": [188, 214]}, {"key": "rent-commencement-date", "type": "clause", "offset": [284, 306]}, {"key": "beginning-on-the-commencement-date", "type": "clause", "offset": [323, 357]}, {"key": "the-term", "type": "clause", "offset": [384, 392]}, {"key": "subject-to", "type": "definition", "offset": [452, 462]}, {"key": "in-section-2", "type": "clause", "offset": [486, 498]}], "snippet": "Provided no Tenant default has occurred and is continuing hereunder beyond any applicable cure period, Tenant shall have no obligation for the payment of Minimum Rental or Additional Rent from the Commencement Date through the two (2) month anniversary of the Commencement Date (the \u201cRent Commencement Date\u201d). Accordingly, beginning on the Commencement Date and continuing throughout the Term, Tenant shall pay Minimum Rental as set forth hereinbelow (subject to adjustment as provided in Section 2):", "samples": [{"hash": "aeiAUE2XtsE", "uri": "/contracts/aeiAUE2XtsE#minimum-rental", "label": "Lease Agreement (Inspire Pharmaceuticals Inc)", "score": 19.0, "published": true}, {"hash": "23Oie6qImxe", "uri": "/contracts/23Oie6qImxe#minimum-rental", "label": "Lease Agreement (Inspire Pharmaceuticals Inc)", "score": 19.0, "published": true}], "hash": "0f7ed21c1700f45d5e428fe12d1abeba", "id": 7}, {"size": 2, "snippet_links": [{"key": "contained-in", "type": "definition", "offset": [41, 53]}, {"key": "the-lease", "type": "clause", "offset": [54, 63]}, {"key": "april-1", "type": "definition", "offset": [100, 107]}, {"key": "the-extended-term", "type": "clause", "offset": [141, 158]}, {"key": "tenant-shall", "type": "clause", "offset": [160, 172]}, {"key": "to-landlord", "type": "definition", "offset": [177, 188]}, {"key": "monthly-installments", "type": "definition", "offset": [189, 209]}, {"key": "for-the-premises", "type": "clause", "offset": [228, 244]}, {"key": "subject-to", "type": "definition", "offset": [288, 298]}, {"key": "business-park", "type": "definition", "offset": [420, 433]}, {"key": "first-amendment", "type": "clause", "offset": [467, 482]}, {"key": "rental-schedule", "type": "clause", "offset": [793, 808]}, {"key": "the-period", "type": "clause", "offset": [813, 823]}, {"key": "on-april", "type": "clause", "offset": [835, 843]}, {"key": "based-on", "type": "definition", "offset": [891, 899]}, {"key": "square-footage", "type": "definition", "offset": [904, 918]}, {"key": "the-existing-premises", "type": "clause", "offset": [922, 943]}, {"key": "rentable-square-feet", "type": "clause", "offset": [963, 983]}, {"key": "expansion-premises", "type": "clause", "offset": [1191, 1209]}, {"key": "in-the-event", "type": "clause", "offset": [1247, 1259]}, {"key": "prior-to-the", "type": "clause", "offset": [1300, 1312]}, {"key": "expansion-commencement-date", "type": "definition", "offset": [1313, 1340]}, {"key": "terms-of", "type": "clause", "offset": [1429, 1437]}, {"key": "section-23", "type": "clause", "offset": [1438, 1449]}, {"key": "obligation-to-pay", "type": "clause", "offset": [1471, 1488]}, {"key": "cost-share", "type": "clause", "offset": [1527, 1537]}, {"key": "operating-expenses", "type": "definition", "offset": [1545, 1563]}, {"key": "if-tenant", "type": "clause", "offset": [1627, 1636]}, {"key": "payments-of", "type": "definition", "offset": [1650, 1661]}, {"key": "amount-required", "type": "clause", "offset": [1694, 1709]}, {"key": "section-41", "type": "clause", "offset": [1727, 1738]}, {"key": "excess-amount", "type": "definition", "offset": [1745, 1758]}], "snippet": "Notwithstanding anything to the contrary contained in the Lease as hereby amended, commencing as of April 1, 2010, and continuing throughout the Extended Term, Tenant shall pay to Landlord monthly installments of Minimum Rental for the Premises as follows: April 1, 2010 - June 30, 2010 (subject to 4.2, below) $ 0.00 $ 0.00 $ 0.00 July 1, 2010 - March 31, 2011 $ 534,060.00 $ 59,340.00 $ 2.40 5. BRITANNIA POINTE GRAND BUSINESS PARK [Portola Pharmaceuticals, Inc.] [First Amendment] June 30, 1011 $ 732,849.00 $ 61,070.75 $ 2.47 March 31, 2012* $ 1,530,639.20 $ 127,553.27 $ 2.47 April 1, 2012 - March 31, 2013 $ 1,580,214.60 $ 131,684.55 $ 2.55 April 1, 2013 - March 31, 2014 $ 1,623,593.00 $ 135,299.42 $ 2.62 April 1, 2014 - March 31, 2015 $ 1,673,168.40 $ 139,430.70 $ 2.70 * The minimum rental schedule for the period commencing on April 1, 2010 and ending June 30, 2011 is calculated based on the square footage of the Existing Premises only (i.e., 24,725 rentable square feet). The minimum rental schedule for the period commencing on July 1, 2011 and continuing throughout the remainder of the Extended Term, is based on the combined square footage of the Existing Premises and the Expansion Premises (i.e., 51,641 rentable square feet). In the event that the Millennium Lease is terminated prior to the Expansion Commencement Date, then the Expansion Premises shall be deemed to be part of the Premises pursuant to the terms of Section 2.3, above, and Tenant\u2019s obligation to pay Minimum Rental and Tenant\u2019s Operating Cost Share of the Operating Expenses shall be adjusted pursuant to the terms of Section 2.3, above. If Tenant has made any payments of Minimum Rental in excess of the amount required pursuant to this Section 4.1, such excess amount shall be credited toward the monthly installment(s) of Minimum Rental next coming due until such credit has been applied in full.", "samples": [{"hash": "7M4nyjO50kz", "uri": "/contracts/7M4nyjO50kz#minimum-rental", "label": "Lease (Portola Pharmaceuticals Inc)", "score": 22.2772083282, "published": true}, {"hash": "88BGolJazYi", "uri": "/contracts/88BGolJazYi#minimum-rental", "label": "Lease (Portola Pharmaceuticals Inc)", "score": 21.9705677032, "published": true}], "hash": "388e9a2c495a2ccb2ad6e49090ee624d", "id": 8}, {"size": 2, "snippet_links": [{"key": "tenant-shall", "type": "clause", "offset": [3, 15]}, {"key": "with-respect-to", "type": "clause", "offset": [39, 54]}, {"key": "the-additional-premises", "type": "clause", "offset": [55, 78]}, {"key": "following-the", "type": "definition", "offset": [115, 128]}, {"key": "rental-commencement-date", "type": "definition", "offset": [137, 161]}, {"key": "rentable-square-foot", "type": "definition", "offset": [221, 241]}, {"key": "per-month", "type": "clause", "offset": [242, 251]}, {"key": "improved-premises", "type": "definition", "offset": [270, 287]}, {"key": "shell-premises", "type": "definition", "offset": [371, 385]}, {"key": "rental-schedule", "type": "clause", "offset": [401, 416]}, {"key": "convenience-of-the-parties", "type": "clause", "offset": [428, 454]}, {"key": "obligation-to-pay", "type": "clause", "offset": [654, 671]}, {"key": "days-after", "type": "definition", "offset": [787, 797]}, {"key": "additional-premises-commencement-date", "type": "clause", "offset": [802, 839]}, {"key": "right-to-occupy", "type": "clause", "offset": [907, 922]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [980, 1004]}, {"key": "prior-to-the", "type": "clause", "offset": [1060, 1072]}, {"key": "as-shown", "type": "definition", "offset": [1270, 1278]}], "snippet": "a. Tenant shall pay, as Minimum Rental with respect to the Additional Premises during the first twelve (12) months following the Minimum Rental Commencement Date (as defined below), (i) Two and 60/100 Dollars ($2.60) per rentable square foot per month for the Partially Improved Premises and (ii) One and 95/100 Dollars ($1.95) per rentable square foot per month for the Shell Premises. The following rental schedule is for the convenience of the parties: 1 - 12 $ 47,312.85 13 - 24 $ 48,732.24 25 - 36 $ 50,194.20 37 - 48 $ 51,700.03 49 - 60 $ 53,251.03 61 - 72 $ 54,848.56 73 - 84 $ 56,494.01 85 - 96 $ 58,188.83 97 \u2013 10/5/2016 $ 59,934.50\nb. Tenant\u2019s obligation to pay Minimum Rental with respect to the Additional Premises shall commence on the date that is one hundred twenty (120) days after the Additional Premises Commencement Date (the \u201cMinimum Rental Commencement Date\u201d).\nc. Tenant shall have the right to occupy any completed offices in the Partially Improved Premises as of the Effective Date without incurring any obligation to pay Minimum Rental prior to the Minimum Rental Commencement Date.\nd. Minimum Rental with respect to the Additional Premises shall increase by three percent (3%) on each annual anniversary of the Minimum Rental Commencement Date, as shown in the chart in Section 5(a).", "samples": [{"hash": "lgT4hZdubxG", "uri": "/contracts/lgT4hZdubxG#minimum-rental", "label": "Sublease (Natera, Inc.)", "score": 26.4127311707, "published": true}, {"hash": "5vAgubnUIKB", "uri": "/contracts/5vAgubnUIKB#minimum-rental", "label": "Sublease (Natera, Inc.)", "score": 25.3641338348, "published": true}], "hash": "6872934d4476596e4b6e5e59fcbf33e8", "id": 9}, {"size": 2, "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [0, 12]}, {"key": "the-demised-premises", "type": "clause", "offset": [34, 54]}, {"key": "according-to", "type": "definition", "offset": [55, 67]}, {"key": "during-the-term", "type": "clause", "offset": [142, 157]}, {"key": "in-advance", "type": "clause", "offset": [160, 170]}, {"key": "to-the-extent", "type": "clause", "offset": [243, 256]}, {"key": "prior-to-the", "type": "clause", "offset": [343, 355]}, {"key": "date-of", "type": "clause", "offset": [360, 367]}, {"key": "first-installment", "type": "definition", "offset": [372, 389]}, {"key": "lessor-shall-provide", "type": "definition", "offset": [407, 427]}, {"key": "to-lessee", "type": "clause", "offset": [428, 437]}, {"key": "wire-instructions", "type": "definition", "offset": [438, 455]}, {"key": "payments-of", "type": "definition", "offset": [501, 512]}, {"key": "by-wire-transfer", "type": "clause", "offset": [526, 542]}, {"key": "change-of", "type": "definition", "offset": [622, 631]}, {"key": "wiring-instructions", "type": "clause", "offset": [637, 656]}, {"key": "first-lease-year", "type": "clause", "offset": [672, 688]}, {"key": "the-annual-rental", "type": "clause", "offset": [690, 707]}, {"key": "monthly-installments", "type": "definition", "offset": [780, 800]}, {"key": "day-of", "type": "clause", "offset": [922, 928]}, {"key": "second-lease", "type": "definition", "offset": [964, 976]}, {"key": "monthly-rental", "type": "clause", "offset": [1034, 1048]}, {"key": "the-product", "type": "definition", "offset": [1058, 1069]}, {"key": "per-month", "type": "clause", "offset": [1186, 1195]}, {"key": "consumer-price-index-for-all-urban-consumers", "type": "definition", "offset": [1246, 1290]}, {"key": "bureau-of-labor-statistics", "type": "definition", "offset": [1308, 1334]}, {"key": "the-united-states", "type": "definition", "offset": [1338, 1355]}, {"key": "department-of-labor", "type": "clause", "offset": [1356, 1375]}, {"key": "atlantic-city", "type": "definition", "offset": [1404, 1417]}, {"key": "all-items", "type": "definition", "offset": [1437, 1446]}, {"key": "period-ending", "type": "definition", "offset": [1527, 1540]}, {"key": "calendar-months", "type": "clause", "offset": [1702, 1717]}, {"key": "full-calendar-month", "type": "definition", "offset": [1760, 1779]}, {"key": "the-provisions", "type": "clause", "offset": [1824, 1838]}, {"key": "in-no-event-shall", "type": "clause", "offset": [1863, 1880]}, {"key": "rent-escalation", "type": "definition", "offset": [1900, 1915]}, {"key": "square-foot", "type": "definition", "offset": [1959, 1970]}, {"key": "per-year", "type": "definition", "offset": [1971, 1979]}, {"key": "five-percent", "type": "clause", "offset": [1998, 2010]}, {"key": "in-the-event-the", "type": "clause", "offset": [2029, 2045]}, {"key": "clerical-workers", "type": "clause", "offset": [2130, 2146]}, {"key": "power-of", "type": "clause", "offset": [2481, 2489]}, {"key": "by-lessor", "type": "clause", "offset": [2891, 2900]}, {"key": "base-year", "type": "definition", "offset": [3042, 3051]}, {"key": "the-adjustment", "type": "clause", "offset": [3155, 3169]}, {"key": "change-in", "type": "definition", "offset": [3305, 3314]}, {"key": "the-consumer-price-index", "type": "definition", "offset": [3351, 3375]}, {"key": "basis-of-calculation", "type": "definition", "offset": [3427, 3447]}, {"key": "close-to", "type": "definition", "offset": [3552, 3560]}, {"key": "manner-of", "type": "clause", "offset": [3604, 3613]}, {"key": "in-effect", "type": "definition", "offset": [3632, 3641]}, {"key": "the-lease", "type": "clause", "offset": [3657, 3666]}, {"key": "original-cpi", "type": "definition", "offset": [3817, 3829]}, {"key": "for-purposes-of-this", "type": "clause", "offset": [3830, 3850]}, {"key": "cost-of-living-adjustment", "type": "clause", "offset": [3887, 3912]}, {"key": "not-available", "type": "definition", "offset": [3916, 3929]}, {"key": "it-is-agreed-that", "type": "clause", "offset": [3936, 3953]}, {"key": "payments-shall-be", "type": "clause", "offset": [3971, 3988]}, {"key": "rental-amount", "type": "clause", "offset": [4027, 4040]}, {"key": "the-cost", "type": "clause", "offset": [4051, 4059]}, {"key": "the-future", "type": "clause", "offset": [4105, 4115]}, {"key": "rental-payment", "type": "clause", "offset": [4116, 4130]}, {"key": "within-thirty", "type": "clause", "offset": [4258, 4271]}, {"key": "rental-adjustment", "type": "definition", "offset": [4385, 4402]}, {"key": "waiver-of", "type": "clause", "offset": [4448, 4457]}, {"key": "lessee-to-pay", "type": "clause", "offset": [4508, 4521]}, {"key": "rent-adjustments", "type": "definition", "offset": [4527, 4543]}, {"key": "adjustments-for", "type": "clause", "offset": [4649, 4664]}], "snippet": "Lessee shall pay Minimum Rent for the Demised Premises according to the following schedule. The Minimum Rent described below shall be payable during the Term , in advance without demand and without deduction, set-off, or counter claim (extent to the extent, demand, or notice shall be expressly provided for herein). At least thirty (30) days prior to the due date of the first installment of Minimum Rent, Lessor shall provide to Lessee wire instructions for the rent payment so that Lessee may make payments of Minimum Rent by wire transfer. Lessor shall further advise Lessee no less than thirty (30) days prior to any change of such wiring instructions.\na. During the first Lease Year, the annual rental of Eight Hundred Twenty Thousand Dollars ($820,000.00) shall be paid in monthly installments of Sixty Eight Thousand Three Hundred Thirty Three Dollars and thirty three cents ($68,333.33) in advance upon the first day of each calendar month.\nb. During the second Lease Year and each Lease Year thereafter during the term, the monthly rental shall be the product obtained by multiplying Sixty Eight Thousand Three Hundred Thirty Three Dollars and thirty three cents ($68,333.33) per month by a fraction the numerator of which the \u201cRevised Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the United States Department of Labor for Philadelphia-Wilmington-Atlantic City, PA-DE-NJ-MD Area, All Items, (1982 / 1984 = 100)\u201d (\u201cCPI-U\u201d) the average for that twelve (12) calendar month period ending four (4) months prior to the first calendar month of each such Lease Year and the denominator of which is the average CPI-U for that period which is twelve (12) calendar months ending four (4) months prior to the first full calendar month of the first Lease Year.\nc. Notwithstanding the provisions in Paragraph (B) above, in no event shall the Annual Minimum Rent Escalation be less than twenty-five cents ($0.25) per square foot per year and not more than five percent (5%) per year.\nd. In the event the CPI-U is discontinued, the \u201cRevised Consumer Price Index for Urban Wage Earners and Clerical Workers published by the Bureau of Labor Statistics of the United States Department of Labor, for Philadelphia-Wilmington-Atlantic City, PA-DE-NJ-MD Area, All Items, (1982 / 1984 = 100)\u201d (\u201cCPI-W\u201d) shall be used for making the computation in Paragraph (B) above. In the event the CPI-W is discontinued, comparable statistics on the purchasing power of the consumer dollar published by the Bureau of Labor Statistics of the United States Department of Labor shall be used for making the computation in Paragraph (B) above. In the event the Bureau of Labor Statistics shall no longer maintain statistics on the purchasing power of the consumer dollar, comparable statistics published by a responsible financial periodical of recognized authority selected by Lessor and reasonably acceptable to Lessee shall be used for making the computation in Paragraph (B) above (the \u201cRevised CPI\u201d).\ne. In the event the base year \u201c(1982 / 1984 = 100)\u201d or other base year in computing the CPI-U is changed, the figures used in making the adjustment in Paragraph (B) above shall accordingly be changed so that all increases in the CPI-U are taken into account notwithstanding any such change in the base year.\nf. In the event that the Consumer Price Index (\u201cCPI\u201d) ceases to use \u201c(1982 / 1984 = 100)\u201d as the basis of calculation, then the CPI shall be adjusted (the \u201cAdjustment\u201d) to the figure that would have been arrived at (or as close to such figure as shall be practical) had the manner of computing the CPI in effect at the date of the Lease not been altered.\ng. If, in Lessor\u2019s sole judgment, such Adjustment is impossible or impractical, then the Revised CPI shall be deemed to replace the original CPI for purposes of this Paragraph.\nh. In the event that any cost of living adjustment is not available, then it is agreed that the monthly rent payments shall be made on the basis of the last monthly rental amount due until the cost of living adjustment is available, whereupon the future rental payment shall be computed on the basis of the then available cost of living adjustment and the retroactive rental due shall be payable within thirty (30) days of said billing. Any delay or failure of Lessor in computing or billing for up to one (1) year for the rental adjustment hereinabove provided, shall not constitute a waiver of or in any way impair the continuing obligation of Lessee to pay such rent adjustments hereunder unless more than one (1) year has passed in which case Lessee shall only be obligated for such adjustments for up to one (1) year.", "samples": [{"hash": "5aGIwmGsRlF", "uri": "/contracts/5aGIwmGsRlF#minimum-rental", "label": "Lease Agreement (Tengion Inc)", "score": 17.0766601562, "published": true}, {"hash": "5RSLyFCIsmD", "uri": "/contracts/5RSLyFCIsmD#minimum-rental", "label": "Lease Agreement (Tengion Inc)", "score": 17.0, "published": true}], "hash": "ec5d15c3d98f0c1df4386224d1b1527f", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhdtaW5pbXVtLXJlbnRhbCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 135, "children": [["rental-amounts", "Rental Amounts"], ["rental-amounts-during-first-extended-term", "Rental Amounts During First Extended Term"], ["rental-amounts-during-second-extended-term", "Rental Amounts During Second Extended Term"], ["rental-adjustment-due-to-change-in-square-footage", "Rental Adjustment Due to Change in Square Footage"], ["square-footage-of-premises", "Square Footage of Premises"]], "parents": [["rental", "Rental"], ["counterparts", "Counterparts"], ["option-to-renew", "Option to Renew"], ["miscellaneous", "Miscellaneous"], ["renewal-option", "Renewal Option"]], "title": "Minimum Rental", "id": "minimum-rental", "related": [["minimum-rent", "Minimum Rent", "Minimum Rent"], ["base-rental", "Base Rental", "Base Rental"], ["basic-rental", "Basic Rental", "Basic Rental"], ["additional-rental", "Additional Rental", "Additional Rental"], ["base-rent", "Base Rent", "Base Rent"]], "related_snippets": [], "updated": "2025-08-15T04:21:20+00:00", "also_ask": ["What negotiation leverage exists around setting or adjusting the minimum rental amount?", "Which essential terms must be included to ensure the minimum rental clause is enforceable?", "What are the most common legal pitfalls or ambiguities in minimum rental provisions?", "How do minimum rental clauses compare across different jurisdictions or property types?", "What factors do courts consider when determining the enforceability of a minimum rental clause?"], "drafting_tip": "Specify the minimum rental amount and payment schedule to ensure clarity; define consequences for non-payment to promote enforceability; reference applicable laws to ensure compliance.", "explanation": "The Minimum Rental clause establishes the lowest amount of rent that a tenant is required to pay under a lease, regardless of other factors such as sales performance or occupancy. Typically, this clause specifies a fixed monthly or annual payment that serves as a baseline, even if the lease also includes provisions for additional rent based on variables like percentage of sales or operating expenses. Its core practical function is to guarantee the landlord a predictable and stable income stream, thereby reducing financial risk and ensuring clarity for both parties regarding the minimum financial commitment involved in the lease."}, "json": true, "cursor": ""}}