Base Sublease Rent. Commencing on the Sublease Rent Commencement Date, and continuing on the first day of each month thereafter through the Sublease Expiration Date, Subtenant shall pay to Sublandlord, in advance, without notice or demand, and without any set-off, counterclaim, abatement or deduction whatsoever, except as may be expressly set forth in this Sublease, in lawful money of the United States, by wire transfer of funds or by check payable to Nektar Therapeutics, base sublease rental (“Base Sublease Rent”) as follows: Period Base Sublease Rent Per Month Sublease Rent Commencement Date – Last day of 7th month following Sublease Rent Commencement Date (the “Reduced Rent Period”)* $ 17,000.00 ** If the Reduced Rent Period shall expire prior to October 5, 2012, then from the first day following expiration of the Reduced Rent Period – 10/5/12 $ 34,209.10 From the later to occur of: (i) the first day following expiration of the Reduced Rent Period; or (ii) 10/6/12 – 10/5/13 $ 35,215.25 10/6/13 – 10/5/14 $ 36,221.40 10/6/14 – 10/5/15 $ 37,227.55 10/6/15 – 10/5/16 $ 38,233.70 *If the Sublease Rent Commencement Date does not occur on the first (1st) day of a calendar month, the period from the Sublease Rent Commencement Date to the first (1st) day of the next calendar month shall be included in the 8th month following the Sublease Rent Commencement Date for purposes of determining the monthly Base Sublease Rent rate applicable for such partial month **During this period, Base Sublease Rent is payable only with respect to 10,000 rentable square feet of the Subleased Premises. A payment of Base Sublease Rent for the first month of the Sublease Term in the amount of $17,000.00 shall be delivered to Sublandlord concurrently with Subtenant’s execution of this Sublease.
Base Sublease Rent. (a) Commencing on the Sublease Commencement Date, and continuing on the first day of each month thereafter through the Sublease Expiration Date, Subtenant shall pay to Sublandlord, in advance on the first day of each calendar month during the Sublease Term, without notice or demand, and without any set-off, counterclaim, abatement or deduction whatsoever, in lawful money of the United States, by check payable to Sublandlord, base sublease rental in the amount of eight thousand nine hundred eighty and 67/100 ($8,980.67) (the “Base Sublease Rent”).
Base Sublease Rent. During the Initial Sublease Term, Subtenant shall pay to Sublandlord, as base sublease rent for the Premises, in lawful money of the United States of America, without any deduction, offset, prior notice or demand, in advance on the first date of each month of the Initial Sublease Term $12,809.15. Subtenant’s obligation to pay Base Sublease Rent shall commence on the Commencement Date. Notwithstanding the foregoing, Base Sublease Rent payable for any partial month in which the Commencement Date occurs or which the Term expires, shall be prorated on a daily basis based on the actual number of days in such month.
Base Sublease Rent. (a) Commencing on the Occupancy Date, Subtenant shall pay base rent for the Sublease Premises in the amounts set forth on Exhibit C hereto (“Base Sublease Rent”). Base Sublease Rent shall be due and payable without invoice, notice or demand on the Occupancy Date and on the first (1st) day of each calendar month thereafter during the Sublease Term in advance, without offset, abatement, reduction or deduction. If the Occupancy Date shall be on any day other than the first (1st) day of a calendar month, then on the Occupancy Date Subtenant shall pay Base Sublease Rent for the remaining portion of such month including and after the Occupancy Date, prorated (based on the first full month’s Base Sublease Rent) on a per diem basis.
Base Sublease Rent. During the Sublease Term, Subtenant will pay Sublandlord as rent for the Sublease Premises (the “Base Sublease Rent”), as follows: March 1, 2017 to February 28, 2018 $ 16.25 psf NNN per annum March 1, 2018 to February 28, 2019 $ 16.75 psf NNN per annum March 1, 2019 to February 29, 2020 $ 17.25 psf NNN per annum March 1, 2020 to February 28, 2021 $ 17.75 psf NNN per annum March 1, 2021 to February 28, 2022 $ 18.25 psf NNN per annum March 1, 2022 to February 28, 2023 $ 18.75 psf NNN per annum March 1, 2023 to January 31, 2024 $ 19.25 psf NNN per annum For purposes of this Agreement, the annual Base Sublease Rent shall be computed by multiplying the number of Rentable Square Feet within the Sublease Premises by the rate as shown above for each year of this Agreement. Accordingly, for clarity, the annual Base Sublease Rent for the first year of this Agreement is Three Hundred Forty One Thousand One Hundred Three and 75/100ths U.S. Dollars ($341,103.75) to be adjusted for each succeeding year of this Agreement thereafter.
Base Sublease Rent. Extension Term Rent, Subtenant’s Operating Expense Contribution (including Deferred Opex), and all other amounts payable by Subtenant to Sublandlord hereunder are collectively referred to herein as “Rent.”
Base Sublease Rent. 4.1.1 Commencing on the Sublease Commencement Date, Sublessee shall pay to Sublessor for the Subleased Premises rent in the following amount (the "Base Sublease Rent"):
Base Sublease Rent. During the Sublease Term, Subtenant will pay Sublandlord as rent for the Sublease Premises (the “Base Sublease Rent”), as follows: March 1, 2017 to February 28, 2018 $ 14.50 psf NNN per annum March 1, 2018 to February 28, 2019 $ 15.00 psf NNN per annum March 1, 2019 to February 29, 2020 $ 15.50 psf NNN per annum March 1, 2020 to May 31, 2020 $ 16.00 psf NNN per annum June 1, 2020 to January 31, 2024 To Be Determined Base rental rates for June 1, 2020 to January 31, 2024 to be determined after Sublandlord negotiates a renewal for the office portion of the Lease with the Landlord. After such renewal is executed, Sublandlord shall create an amendment to this Sublease Agreement stating base rental rates as the lesser of i) the negotiated renewal base rental rate with Landlord, with annual escalations or ii) $20.00 psf NNN, with annual escalations with no further negotiation or agreement needed by Subtenant. If the base rental rate as negotiated with Landlord is higher than $20.00 psf NNN, and the Sublandlord desires for the Subtenant to poay the higher rate, then the amendment of the Sublease Agreement must be agreed upon by both Subtenant and Sublandlord. In the event the parties are unable to reach an agreement on such rates before April 1, 2018, this Agreement shall terminate as of May 31, 2020. For purposes of this Agreement, annual Base Sublease Rent shall be computed by multiplying the number of Rentable Square Feet within the Sublease Premises by the rate psf as shown above for each year of the term of this Agreement. Accordingly, for clarity, the parties agree that the Base Sublease Rent for the first year of this Agreement is One Hundred Fifty Thousand Two Hundred Seventy-Eight and 00/ths U.S. Dollars to be adjusted for each succeeding year of this Agreement thereafter.
Base Sublease Rent. Sublessee shall pay to RKMC throughout the ------------------ term of this Sublease as rental for the Subleased Premises the sum of Six Hundred Twenty-one Thousand Two Hundred Sixteen Dollars ($621,216.00) per annum as the Base Sublease Rent, in advance in 12 equal installments of Fifty-one Thousand Seven Hundred Sixty-eight Dollars ($51,768.00), payable upon execution hereof for the first two (2) months of the term hereof and on or before the first of each and every successive calendar month thereafter. If the Rent Start Date is other than the first day of a calendar month, the first payment of rent shall be appropriately prorated on the basis of a 30-day month.
Base Sublease Rent. Commencing on the Sublease Commencement Date and continuing on the first day of each month thereafter through the end of the Sublease Term, Subtenant shall pay to Sublandlord, in advance, without notice or demand, and without any set-off, counterclaim, abatement or deduction whatsoever, except as may be expressly set forth in this Sublease, in lawful money of the United States, by wire transfer of funds or by check payable to Zynga Inc., 000 Xxxxxx Xxxxxx, Xxx Xxxxxxxxx, Xxxxxxxxxx 00000 (until and unless a different address is provided by Sublandlord), base sublease rental (“Base Sublease Rent”) of Eighty-five Thousand Six Hundred Eighty-three and 00/100 Dollars ($85,683.00) per month throughout the duration of the Sublease Term. Subtenant shall pay to Sublandlord Eighty-five Thousand Six Hundred Eighty-three and 00/100 Dollars ($85,683.00) upon execution of this Sublease as Base Sublease Rent for the first full month of the Sublease Term following the Sublease Commencement Date. If the Sublease Term begins or ends on a day other than the first or last day of a month, the Base Sublease Rent for the partial month shall be prorated on the basis of a thirty (30) day month.
