Common use of Monthly Basic Rent Clause in Contracts

Monthly Basic Rent. Starting on the Commencement Date (but subject to the sixty (60) day rent abatement provision set forth in Section 3.1), and on the first day of each month thereafter during the Term of this Lease, Tenant shall pay to Landlord, in advance and without offset, as Monthly Basic Rent for the Premises the following monthly payments: *1-12 $ 16,383.75 $ 3.75 13-24 $ 16,951.72 $ 3.88 25-36 $ 17,563.38 $ 4.02 37-48 $ 18,175.04 $ 4.16 49-60 $ 18,786.70 $ 4.30 * Including any partial month at the beginning of the Term if the Commencement Date does not fall on the first day of the month.

Appears in 1 contract

Sources: Office Lease (Orexigen Therapeutics, Inc.)

Monthly Basic Rent. Starting on Upon the Commencement Date (but subject to commencement of the sixty (60) day rent abatement provision set forth in Section 3.1)Term of this Lease, and on the first day of each month thereafter during the Term of this Lease, Tenant shall pay to Landlord, in advance and without offsetdemand, notice, offset or deduction, as Monthly Basic Rent for the Premises the following monthly payments: *1-1 – 12 $ 16,383.75 87,804.55 $ 3.75 13-3.95 13 – 24 $ 16,951.72 90,916.61 $ 3.88 25-4.09 25 – 36 $ 17,563.38 94,028.67 $ 4.02 37-4.23 37 – 48 $ 18,175.04 97,363.02 $ 4.16 49-4.38 49 – 60 $ 18,786.70 100,697.37 $ 4.30 4.53 61 – 64 $ 104,254.01 $ 4.69 * Including any partial month at the beginning of the Term if the Commencement Date does not fall on the first day of the monthmonth and subject to abatement as provided in Section 3.1 below.

Appears in 1 contract

Sources: Office Lease (Orexigen Therapeutics, Inc.)

Monthly Basic Rent. Starting on Upon the Commencement Date (but subject to commencement of the sixty (60) day rent abatement provision set forth in Section 3.1)Term of this Lease, and on the first day of each month thereafter during the Term of this Lease, Tenant shall pay to Landlord, in advance and without offsetdemand, notice, offset or deduction, as Monthly Basic Rent for the Premises the following monthly payments: *1-1 – 12 $ 16,383.75 6,046.75 $ 3.75 13-3.35 13 – 24 $ 16,951.72 6,227.25 $ 3.88 25-3.45 25 – 36 $ 17,563.38 6,407.75 $ 4.02 37-3.55 37 – 48 $ 18,175.04 6,606.30 $ 4.16 49-3.66 49 – 60 $ 18,786.70 6,804.85 $ 4.30 3.77 * Including any partial month at the beginning of the Term if the Commencement Date does not fall on the first day of the monthmonth and subject to abatement as provided in Section 3.1 below.

Appears in 1 contract

Sources: Office Lease (Auspex Pharmaceuticals, Inc.)