Common use of Base Rent Adjustments Clause in Contracts

Base Rent Adjustments. Base Rent shall be increased on July 1, 2019, and on each July 1st during the Base Term (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

Appears in 1 contract

Samples: Lease Agreement (Regulus Therapeutics Inc.)

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Base Rent Adjustments. Base Rent shall be increased on July 1, 2019, and on January 1 of each July 1st year during the Base Term of this Lease (each an “Adjustment Date”) commencing January 1, 2013 by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

Appears in 1 contract

Samples: Lease Agreement (Advanced BioHealing Inc)

Base Rent Adjustments. (a) Except for on January 1, 2006, Base Rent shall be increased on July 1, 2019, and on January 1 of each July 1st year during the Base Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.. “

Appears in 1 contract

Samples: Sublease Agreement (Advanced BioHealing Inc)

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Base Rent Adjustments. (a) Except for on January 1. 2006. Base Rent shall be increased on July 1, 2019, and on January 1 of each July 1st year during the Base Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.. “

Appears in 1 contract

Samples: Sublease Agreement (Advanced BioHealing Inc)

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