Fourth Expansion Premises. In addition to the Existing Premises, commencing on the Fourth Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Fourth Expansion Premises. 2.
Fourth Expansion Premises. (a) In consideration of the rents, terms, provisions and covenants of this Amendment and the Lease, Landlord hereby leases unto Tenant and Tenant hereby rents and accepts from Landlord the “
Fourth Expansion Premises. Commencing on the Fourth Expansion Premises Rent Commencement Date, Base Rent for the Fourth Expansion Premises shall be equal to $3.20 per rentable square foot of the Fourth Expansion Premises per month. Base Rent payable with respect to the Fourth Expansion Premises shall be increased, commencing on the later of (i) the first anniversary of the Fourth Expansion Premises Rent Commencement Date, or (ii) May 1, 2017, and on each subsequent anniversary of such date during the Base Term each, a “Fourth Expansion Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Fourth Expansion Premises immediately before such Fourth Expansion Premises Adjustment Date by 3% and adding the resulting amount to the Base Rent payable with respect to the Fourth Expansion Premises immediately before such Fourth Expansion Premises Adjustment Date.
Fourth Expansion Premises. Commencing on the Fourth Expansion Commencement Date and continuing throughout the Fourth Expansion Term, Tenant shall pay to Landlord monthly installments of Base Rent for the Fourth Expansion Premises as follows: Period During Fourth Expansion Term Annualized Base Rent Monthly Installment of Base Rent Approximate Monthly Rental Rate per RSF Expansion Year 1 $2,675,507.40 $222,958.95 $5.1500 Expansion Year 2 $2,769,150.16 $230,762.51 $5.3303 Expansion Year 3 $2,866,070.41 $238,839.20 $5.5168 Expansion Year 4 $2,966,382.88 $247,198.57 $5.7099 Expansion Year 5 $3,070,206.28 $255,850.52 $5.9097 Expansion Year 6 $3,177,663.50 $264,805.29 $6.1166 Expansion Year 7 $3,288,881.72 $274,073.48 $6.3307 Expansion Year 8 $3,403,992.58 $283,666.05 $6.5522 4864-0699-3085.7183305.00028/7-23-24/ejs/ejs -3- [Sixth Amendment][Revolution Medicines, Inc.]COID: 1507 Expansion Year 9 $3,523,132.32 $293,594.36 $6.7816 Expansion Year 10 $3,646,441.95 $303,870.16 $7.0189 Expansion Year 11 $3,774,067.42 $314,505.62 $7.2646 Tenant shall pay the first month’s Base Rent due with respect to the Fourth Expansion Premises within 30 days of execution of this Sixth Amendment.
Fourth Expansion Premises. Commencing on the Fourth Expansion Commencement Date and continuing throughout the Expansion Term, Tenant shall pay Tenant’s Share of Direct Expenses in connection with the Fourth Expansion Premises in accordance with the terms of the Lease, provided that with respect to the calculation of Tenant’s Share of Direct Expenses in connection with the Fourth Expansion Premises, Xxxxxx’s Share shall equal 100% of the 500 Building.
Fourth Expansion Premises. Tenant shall not be required to pay Base Rent with respect to the Second Expansion Premises (as defined in the Fifth Amendment), the Third Expansion Premises (as defined in the Sixth Amendment) and the Fourth Expansion Premises through the Termination Date. 6.
Fourth Expansion Premises. Landlord and Tenant hereby agree to expand the Original Premises to include the expansion premises (which expansion premises is herein referred to as the “Fourth Expansion Premises”) designated on Exhibit A (which is attached hereto and made a part hereof). The Fourth Expansion Premises is located on the first floor of the 5200 Building, currently is known as Unit G, and contains approximately twelve thousand (12,000) rentable square feet.
Fourth Expansion Premises. (a) As of the date (the “Fourth Expansion Premises Commencement Date”) on which the existing tenant has vacated the Fourth Expansion Premises and Landlord is able to deliver the Fourth Expansion Premises to Tenant as required below, Landlord also leases and demises the Fourth Expansion Premises to Tenant. Notwithstanding the foregoing, if Landlord is prepared to deliver the Fourth Expansion Premises to Tenant prior to July 1, 2007, the Fourth Expansion Premises Commencement Date shall not occur until at least thirty (30) days after Landlord has delivered to Tenant written notice that Landlord is prepared to deliver the Fourth Expansion Premises. As of the Fourth Expansion Premises Commencement Date, all references to the Premises in the Lease shall be deemed to refer to the Existing Premises, the First Expansion Premises, the Second Expansion Premises, the Third Expansion Premises, and the Fourth Expansion Premises.
Fourth Expansion Premises. In addition to the payments referenced in Section 5(A) above, Tenant shall pay Operating Expenses for the Fourth Expansion Premises to be calculated as follows: For purposes of calculating Tenant’s payments for Operating Expenses for the Fourth Expansion Premises pursuant to Section 2.6 of the Lease for that portion of the Term on and after the Fourth Expansion Premises Commencement Date, with respect to the Fourth Expansion Premises only, the definition of “Base Operating Expenses” shall be: BASE OPERATING EXPENSES: Landlord’s Operating Expenses (as defined in Section 2.6 of the Lease) for calendar year 2008 being January 1, 2008 through December 31, 2008.
Fourth Expansion Premises. In addition to the payments referenced in Section 6(A) above, Tenant shall pay real estate taxes for the Fourth Expansion Premises to be calculated as follows: For purposes of calculating Tenant’s payments for real estate taxes for the Fourth Expansion Premises pursuant to Section 2.7 of the Lease for that portion of the Term on and after the Fourth Expansion Premises Commencement Date, with respect to the Fourth Expansion Premises only, the definition of “Base Taxes” shall be: BASE TAXES: Landlord’s Tax Expenses (as defined in Section 2.7 of the Lease) for fiscal tax year 2008 being July 1, 2007 through June 30, 2008.
