Rental Amounts. Tenant shall pay to Landlord as minimum rental for the Premises, in advance, without deduction, offset, notice or demand, on or before the Rent Commencement Date and on or before the first day of each subsequent calendar month of the initial term of this Lease, the following amounts per month (subject to adjustment under Section 3.1(c) below, if applicable): 01 - 12 30,000 $ 3.250 $ 97,500.00 13 - 18 36,000 $ 3.400 $ 122,499.00 19 - 24 45,678 $ 3.400 $ 155,305.00 25 - 36 45,678 $ 3.600 $ 164,441.00 37 - 48 45,678 $ 3.744 $ 171,018.00 49 - 60 45,678 $ 3.894 $ 177,859.00 61 - 72 45,678 $ 4.050 $ 184,974.00 73 - 84 45,678 $ 4.211 $ 192,372.00 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 rental payment month 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 (from and after the Rent Commencement Date, if applicable) 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 3 contracts
Sources: Sublease (OncoMed Pharmaceuticals Inc), Sublease (OncoMed Pharmaceuticals Inc), Lease Agreement (OncoMed Pharmaceuticals Inc)