Annual Adjustments. The Base Monthly Rental will be increased (but not decreased) annually commencing on the first day of the calendar month immediately following the anniversary of the Commencement Date, and on each anniversary thereafter, by an amount equal to 2.00% of the Base Monthly Rental for the preceding year.
Appears in 6 contracts
Samples: Lease Agreement (Human Genome Sciences Inc), Lease Agreement (BioMed Realty Trust Inc), Lease Agreement (BioMed Realty Trust Inc)
Annual Adjustments. The Base Monthly Rental will be increased (but not decreased) annually commencing on the first day of the calendar month immediately following the third anniversary of the Commencement Date, and on each anniversary thereafter, by an amount equal to 2.002.75% of the Base Monthly Rental for the preceding year.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement (NPS Pharmaceuticals Inc)
