ADJUSTMENT OF MINIMUM RENT. The Minimum Rent shall be increased at the end of each lease year during the term hereby by three percent (3%) of the rent then being paid. There shall be no additional pass-throughs of increases in operating expenses except for real estate taxes or as otherwise provided for herein.
Appears in 5 contracts
Samples: Lease Agreement (Bioanalytical Systems Inc), Lease Agreement (Macrogenics Inc), Lease Agreement (Rexahn Pharmaceuticals, Inc.)
ADJUSTMENT OF MINIMUM RENT. The Minimum Rent shall be increased at the end of each lease year during the term hereby by three percent (3%) of the rent then being paid. There shall be no additional pass-throughs of increases in operating expenses except for real estate taxes or as otherwise provided for herein.
Appears in 1 contract
Samples: Lease Agreement (Gene Logic Inc)
ADJUSTMENT OF MINIMUM RENT. The After the initial term the Minimum Rent shall be increased at the end of each lease year during the term hereby by three percent (3%) of the rent then being paid, as shown on the rent schedule in Section 3 above. There shall be no additional pass-throughs of increases in operating expenses except for real estate taxes or as otherwise provided for herein.
Appears in 1 contract
Samples: Lease Agreement (NexImmune, Inc.)
ADJUSTMENT OF MINIMUM RENT. The Minimum Rent shall be increased at the end of each lease year during the term hereby by three percent (3%) of the rent then being paid. There shall be no additional pass-throughs of increases in operating expenses except for increases in real estate taxes or as otherwise provided for hereinherein (“Operating Expenses”).
Appears in 1 contract
Samples: Lease Agreement (Macrogenics Inc)
