Common use of Suite WB200 Premises Clause in Contracts

Suite WB200 Premises. Except as set forth in Section 2(c) hereof, from the Suite WB200 Premises Seventh Amendment Commencement Date until the 30th day thereafter (the “200 Rent Commencement Date”), Tenant shall not be obligated to pay Base Rent or Operating Expenses with respect to the Suite WB200 Premises while it constructs the tenant improvements in Suite WB200 Premises. From and after the 200 Rent Commencement Date, Tenant shall pay Base Rent with respect to the Suite WB200 Premises only in accordance with the following rent table: Period Rate Annual/Periodic Base Rent Monthly Base Rent 200RCD* – March 31, 2020 $26.39 N/A $16,309.02** April 1, 2020 – March 31, 2021 $27.12 $201,121.92 $16,760.16 April 1, 2021 – March 31, 2022 $27.87 $206,683.92 $17,223.66 April 1, 2022 – March 31, 2023 $28.63 $212,320.08 $17,693.34 April 1, 2023 – March 31, 2024 $29.42 $218,178.72 $18,181.56 April 1, 2024 – July 31, 2024 $30.23 N/A $18,682.14 *200 Rent Commencement Date **Notwithstanding anything in the Lease to the contrary (and specifically deleting the reference to the abatement of Base Rent for the DB Second Floor Expansion Premises set forth in Section 3 of the Fourth Amendment), Landlord will forebear the obligation of Tenant to pay Base Rent only for the first three (3) months following the 200 Rent Commencement Date and a portion of the fourth (4th) month following the 200 Rent Commencement Date in the total amount of $52,078.65 (the “Suite WB200 Abated Payments”).

Appears in 4 contracts

Samples: Lease Agreement (Precision Biosciences Inc), Lease Agreement (Precision Biosciences Inc), Lease Agreement (Precision Biosciences Inc)

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