Common use of Original Premises Clause in Contracts

Original Premises. Tenant shall continue paying Base Rent with respect to the Original Premises as provided in the Lease through June 30, 2019. Base Rent payable with respect to the Original Premises shall be increased on July 1, 2019, and on each subsequent July 1st during the Base Term (each, a “Original Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Original Premises by 3% and adding the resulting amount to the Base Rent payable with respect to the Original Premises immediately before such Original Premises Adjustment Date.

Appears in 2 contracts

Samples: Lease (Tricida, Inc.), Lease (Tricida, Inc.)

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Original Premises. Tenant shall continue paying Base Rent with respect to the Original Premises as provided in the Lease through June 30January 31, 20192016. Thereafter, on February 1, 2016 (the “Adjustment Date”), Base Rent payable with respect to the Original Premises shall be increased on July 1, 2019, and on each subsequent July 1st during the Base Term (each, a “Original Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Original Premises immediately before such Adjustment Date by 3% and adding the resulting amount to the Base Rent payable with respect to the Original Premises immediately before such Original Premises Adjustment Date.

Appears in 2 contracts

Samples: Lease Agreement (Corvus Pharmaceuticals, Inc.), Lease Agreement (Corvus Pharmaceuticals, Inc.)

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Original Premises. Tenant shall continue paying Base Rent with respect to the Original Premises as provided in the Lease through June September 30, 20192018. Commencing on October 1, 2018, and on each October 1st thereafter through the Expiration Date (each, an “Original Premises Adjustment Date”), the Base Rent payable by Tenant with respect to the Original Premises shall be increased on July 1, 2019, and on each subsequent July 1st during the Base Term (each, a “Original Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Original Premises immediately before such Original Premises Adjustment Date by 32.75% and adding the resulting amount to the Base Rent payable with respect to the Original Premises immediately before such Original Premises Adjustment Date.

Appears in 1 contract

Samples: Lease Agreement (Enanta Pharmaceuticals Inc)

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