Common use of Annual Increases Clause in Contracts

Annual Increases. On the anniversary of each of September 1 of each year (as to the Phase 1 Rent) and October 6 of each year (as to the Phase 2A Rent), the then current Minimum Rental for the relevant Phase shall be increased by two percent (2%).

Appears in 3 contracts

Samples: Redemption Agreement (Nektar Therapeutics), Built to Suit Lease (BioMed Realty Trust Inc), Built to Suit Lease (BioMed Realty Trust Inc)

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Annual Increases. On the anniversary of each of September 1 October 6 of each year (as to the Phase 1 Rent) and October 6 of each year (as to the Phase 2A Rent), the then current Minimum Rental for the relevant Phase shall be increased by two percent (2%).

Appears in 3 contracts

Samples: Sublease (Natera, Inc.), Sublease (Natera, Inc.), Built to Suit Lease (Nektar Therapeutics)

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