Common use of Base Rent for Expansion Premises Clause in Contracts

Base Rent for Expansion Premises. (a) Tenant shall continue to pay Base Rent with respect to the Original Premises at the rates set forth in the Lease, and (b) commencing on the Expansion Premises Commencement Date, Base Rent for the Expansion Premises shall be payable at the rate of per month and shall, notwithstanding any contrary provision contained in the Lease, thereafter be increased on each anniversary of the Expansion Premises Commencement Date by multiplying the Base Rent payable for the Expansion Premises immediately before such date by the Rent Adjustment Percentage (i.e., [***]) and adding the resulting amount to the Base Rent payable for the Expansion Premises immediately before such date. Base Rent for the Expansion Premises, as so adjusted, shall thereafter be due as provided in the Lease. NotWithstanding the foregoing, on April 1, 2021 (“Expansion Premises Adjustment Date”), the Base Rent rate for the Expansion Premises shall be adjusted to equal the Base Rent rate in effect for the Original Premises. From and after the Expansion Premises Adjustment Date through the remainder of the Term, the Base Rent for the Expansion Premises shall increase by the Rent Adjustment Percentage (i.e., [***]) on the Adjustment Date for the Original Premises as set forth in the Lease (i.e., September 1).

Base Rent for Expansion Premises. (a) Tenant shall continue to pay Base Rent with respect to the Original Existing Premises at the rates set forth in the Lease, (b) commencing on the Expansion Premises Commencement Date (but subject to the Expansion Premises Base Rent Abatement [as defined below]), Base Rent for the Expansion Premises shall be payable at the rate of $[***] per month, and (bc) commencing on the Expansion Premises Commencement Date, Base Rent for the Expansion Premises shall be payable at increased as of the date or dates on which Tenant uses the Additional Expansion Premises TI Allowance (as defined in the Expansion Premises Work Letter attached hereto as a part hereof as Exhibit C) (such increase to be calculated based on the amount of the Additional Expansion Premises TI Allowance used by Tenant, such amount to be amortized over the Base Term based on an interest rate of [***]% per month and shall, notwithstanding annum; the resulting amount so amortized shall be added to the monthly installments of Base Rent for the Expansion Premises). Notwithstanding any contrary provision contained in the Lease, the Base Rent for the Expansion Premises shall thereafter be increased on each anniversary of the Expansion Premises Commencement Date (which, solely for purposes of determining such increase, shall be April 1, 2020 if the Expansion Premises Commencement Date occurs before such date) by multiplying the Base Rent payable for the Expansion Premises immediately before such date by the Rent Adjustment Percentage (i.e., [***]) and adding the resulting amount to the Base Rent payable for the Expansion Premises immediately before such date; provided, however, that as more fully set forth in Section 5(b)2 of the Work Letter, the Rent Adjustment Percentage shall not apply to the Additional Expansion Premises TI Allowance. Base Rent for the Expansion Premises, as so adjusted, shall thereafter be due as provided in the Lease. NotWithstanding the foregoing, on April 1, 2021 (“Expansion Premises Adjustment Date”), the Base Rent rate for the Expansion Premises shall be adjusted to equal the Base Rent rate in effect for the Original Premises. From and after the Expansion Premises Adjustment Date through the remainder of the Term, the Base Rent for the Expansion Premises shall increase by the Rent Adjustment Percentage (i.e., [***]) on the Adjustment Date for the Original Premises as set forth in the Lease (i.e., September 1).

Base Rent for Expansion Premises. (a) Tenant shall continue to pay Base Rent with respect to for the Original Existing Premises at the rates set forth in the Lease, and (b) commencing on the Expansion Premises Commencement DateDate (but subject to the Expansion Premises Rental Abatement [as defined below]), Base Rent for the Expansion Premises shall be payable at the rate of [***] per month and shall, notwithstanding month. Notwithstanding any contrary provision contained in the LeaseLease (as amended by this First Amendment), thereafter the Base Rent for the Expansion Premises shall be increased on each anniversary of the Expansion Premises Commencement Date by multiplying the Base Rent payable for the Expansion Premises immediately before such date by the Rent Adjustment Percentage (i.e., [***]) and adding the resulting amount to the Base Rent payable for the Expansion Premises immediately before such date. Base Rent for the Expansion Premises, as so adjusted, shall thereafter be due as provided in the Lease. NotWithstanding On Tenant’s execution of this Lease, it shall deliver to Landlord an amount equal to the foregoing, on April 1, 2021 (“Expansion Premises Adjustment Date”), the Base Rent rate for the Expansion Premises shall be adjusted to equal the Base Rent rate in effect for the Original Premises. From and after the Expansion Premises Adjustment Date through the remainder first monthly installment of the Term, the Base Rent for the Expansion Premises shall increase by the Rent Adjustment Percentage (Premises, i.e., [***]) on . For purposes of this First Amendment, the Adjustment Date for “Expansion Premises Rent Commencement Date” means the Original day after the last day of the period of [***] months after the Expansion Premises as set forth in the Lease (i.e., September 1)Commencement Date.

Base Rent for Expansion Premises. (a) Tenant shall continue Tenant’s obligation to pay Base Rent with respect to the Original Premises at the rates set forth in the Lease, and (b) commencing on for the Expansion Premises shall commence on the later of (i) the date that is two (2) months after the Expansion Premises Term Commencement Date and (ii) November 1, 2022 (such date, the “Expansion Premises Rent Commencement Date, ”). Monthly and annual installments of Base Rent for the Expansion Premises shall be payable at the rate of per month and shall, notwithstanding any contrary provision contained as set forth in the Lease, thereafter table below and shall be increased on each anniversary of the Expansion Premises Commencement Date by multiplying the Base Rent payable for the Expansion Premises immediately before such date by the Rent Adjustment Percentage (i.e., [***]) and adding the resulting amount to the Base Rent payable for the Expansion Premises immediately before such date. Base Rent for the Expansion Premises, as so adjusted, shall thereafter be due as provided paid in the same manner as set forth in the Existing Lease. NotWithstanding the foregoing, on April 1, 2021 (“Expansion Premises Adjustment Date”), the Base Rent rate for the Expansion Premises shall be adjusted to equal the Base Rent rate in effect for the Original Premises. From and after the Expansion Premises Adjustment Date through the remainder of the Term, the Base Rent for the Expansion Premises shall increase by be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Expansion Premises Rent Commencement Date (the “Expansion Rent Adjustment Percentage (i.e.Date”), [***]) and subsequent adjustments shall become effective on every successive annual anniversary of the Expansion Rent Adjustment Date for so long as this Lease with respect to the Original Expansion Premises continues in effect. The term “Lease Year” as set forth in used herein shall refer to a period of twelve (12) calendar months, with the first (1st) Lease (i.e., September 1)Year commencing on the Expansion Premises Rent Commencement Date.