Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 5 contracts
Samples: Lease (Erasca, Inc.), Lease (Erasca, Inc.), Lease (Synlogic, Inc.)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 4 contracts
Samples: Lease (CM Life Sciences III Inc.), Lease (Carbylan Therapeutics, Inc.), Lease (Ignyta, Inc.)
Rent Adjustments. Base The Basic Annual Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Basic Annual Rent. The first such adjustment shall become effective commencing with that monthly rental installment that is due on or after the first (1st) annual anniversary of the Rent Commencement Date, Date and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 3 contracts
Samples: Lease (NanoString Technologies Inc), Lease (NanoString Technologies Inc), Lease (NanoString Technologies Inc)
Rent Adjustments. Base Rent (as it has been adjusted pursuant to Section 4.4 hereof) shall be subject to an annual upward adjustment of three two and one-half percent (32.5%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 2 contracts
Samples: Lease (Spark Therapeutics, Inc.), Lease (Spark Therapeutics, Inc.)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect. The amount of Base Rent during any extension period shall be governed by Article 42 hereof.
Appears in 2 contracts
Samples: Lease (Oncorus, Inc.), Lease (Oncorus, Inc.)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (33.0%) of the then-current Base Rent, as set forth in Section 2.3. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 2 contracts
Samples: Lease (Ambit Biosciences Corp), Lease (Ambit Biosciences Corp)
Rent Adjustments. Base The Basic Annual Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Basic Annual Rent. The first such adjustment shall become effective commencing with that monthly rental installment that is due on or after the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 2 contracts
Samples: Lease (Zosano Pharma Corp), Lease (Cytrx Corp)
Rent Adjustments. Base Rent for the entire Premises (including the Phase I Premises and the Phase II Premises) shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Phase I Premises Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 1 contract
Samples: Lease (Unity Biotechnology, Inc.)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Commencement Adjustment Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect."
Appears in 1 contract
Samples: Lease (Macrogenics Inc)
Rent Adjustments. 8.1. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effectduring the initial Term.
Appears in 1 contract
Samples: Lease (Relay Therapeutics, Inc.)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing with that monthly rental installment that is due on or after the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 1 contract
Samples: Lease (Avi Biopharma Inc)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first second (1st2nd) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 1 contract
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three [_______] percent (3[___]%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 1 contract
Samples: Lease
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effectduring the Term.
Appears in 1 contract
Samples: Lease (NanoString Technologies Inc)
Rent Adjustments. 8.1 Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as the initial Term of this Lease continues in effect. The amount of Base Rent during any extension period shall be governed by Article 42 hereof.
Appears in 1 contract
Samples: Lease (Pyxis Oncology, Inc.)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base RentRent during the initial Term, as set forth in the chart for Base Rent in Section 2.3. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Phase 1 Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effectduring the initial Term.
Appears in 1 contract
Samples: Lease (aTYR PHARMA INC)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect. The amount of Base Rent during any extension period shall be governed by Article 41 hereof.
Appears in 1 contract
Samples: Lease (Omega Therapeutics, Inc.)
Rent Adjustments. 8.1. Base Rent shall be subject to an annual upward adjustment of three two and one half percent (32.5%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 1 contract
Samples: Lease (Epizyme, Inc.)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect. The amount of Base Rent during any extension period shall be governed by Article 42 hereof.
Appears in 1 contract
Samples: Lease (Gritstone Oncology, Inc.)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three two and one-half percent (32.5%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 1 contract
Samples: Lease (Glycomimetics Inc)
Rent Adjustments. 7.1. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect.
Appears in 1 contract
Samples: Lease (PMV Pharmaceuticals, Inc.)
Rent Adjustments. Base Rent (as it has been adjusted pursuant to Section 4.4 hereof) shall be subject to an annual upward adjustment of three two and one-half percent (32.5%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Commencement Delivery Date, and subsequent adjustments shall become effective on every successive annual anniversary of the Delivery Date for so long as this Lease continues in effect.
Appears in 1 contract
Samples: Lease (Spark Therapeutics, Inc.)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base RentRent during the initial Term. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Phase 1 Premises Rent Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as the remainder of the initial Term of this Lease continues in effectLease.
Appears in 1 contract
Samples: Lease (Aveo Pharmaceuticals Inc)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as this Lease continues in effect. 9.
Appears in 1 contract
Samples: Lease (La Jolla Pharmaceutical Co)
Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Rent Term Commencement Date, and subsequent adjustments shall become effective on every successive annual anniversary for so long as the initial Term of this Lease continues in effect. The amount of Base Rent during any extension period shall be governed by Article 42 hereof.
Appears in 1 contract
Samples: Lease (Intellia Therapeutics, Inc.)