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), BioMed Realty Trust Inc, BioMed Realty Trust Inc
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: Work Letter (Natera, Inc.), Work Letter (Natera, Inc.), Suit Lease (Nektar Therapeutics)
