Adjustments to Base Rent. The Base Rent rate payable (per rentable square foot) with respect to each Floor Group shall be increased on the second (2nd) anniversary of the Lease Commencement Date for the initial Floor Group and on each subsequent second (2nd) anniversary thereof during the initial Lease Term to an amount equal to 106.5% of the Base Rent rate payable (per rentable square foot) during the immediately prior period, subject to further adjustment during any Extension Term in accordance with Section 2.2 above.
Appears in 2 contracts
Samples: Office Lease (Peregrine Systems Inc), Lease Option Agreement (Peregrine Systems Inc)
Adjustments to Base Rent. The Base Rent rate payable (per rentable square foot) with respect to each Floor Group the Building shall be increased on the second (2nd) anniversary of the Lease PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems] Commencement Date for the initial Floor Group and on each subsequent second (2nd) anniversary thereof during the initial Lease Term to an amount equal to 106.5% of the Base Rent rate payable (per rentable square foot) during the immediately prior period, subject to further adjustment during any Extension Term in accordance with Section 2.2 above.
Appears in 2 contracts
Samples: Office Lease (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc)
Adjustments to Base Rent. The Base Rent rate payable (per rentable square foot) with respect to each Floor Group the Building shall be increased on the second (2nd) anniversary of the Lease Commencement Date for the initial Floor Group and on each subsequent second (2nd) anniversary thereof during the initial Lease Term to an amount equal to 106.5% of the Base Rent rate payable (per rentable square foot) during the immediately prior period, subject to further adjustment during any Extension Term in accordance with Section 2.2 above.. PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems]
Appears in 1 contract
Samples: Office Lease (Peregrine Systems Inc)