Common use of Expansion Premises Clause in Contracts

Expansion Premises. Commencing on the Expansion Premises Commencement Date, Tenant shall pay Base Rent for the Expansion Premises at the rate of $52.00 per rentable square foot of the Expansion Premises per annum. Base Rent payable for the Expansion Premises shall be increased on each annual anniversary of the first day of the first full month following the Expansion Premises Commencement Date (each, an “Expansion Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable with respect to the Expansion Premises immediately before Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: Lease Agreement (Blueprint Medicines Corp)

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Expansion Premises. Commencing Beginning on the Expansion Premises Rent Commencement Date, Tenant shall pay (in additional to Base Rent for the Original Premises) commence paying Base Rent with respect to the Expansion Premises at the rate of $52.00 3.25 per rentable square foot of the Expansion Premises per annummonth. Base Rent payable for the Expansion Premises shall be increased Thereafter, on each annual anniversary of the first day of the first full month following the Expansion Premises Rent Commencement Date (each, an “Expansion Premises Adjustment Date”) ), Base Rent with respect to the Expansion Premises shall be increased by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: Lease Agreement (Receptos, Inc.)

Expansion Premises. Commencing on the Expansion Premises Rent Commencement Date, Tenant shall pay Base Rent for the Expansion Premises at the rate of $52.00 2.55 per rentable square foot of the Expansion Premises per annummonth. Base Rent payable for the Expansion Premises shall be increased on each annual anniversary of the first day of the first full month following the Expansion Premises Rent Commencement Date during the Base Term (each, an “Expansion Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount about to the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: Lease Agreement (Organovo Holdings, Inc.)

Expansion Premises. Commencing on the Expansion Premises Rent Commencement Date, Tenant shall pay commence paying Base Rent for the Expansion Premises at in the rate amount of $52.00 41.00 per rentable square foot of the Expansion Premises per annumyear. Base Rent payable for the Expansion Premises shall be increased on On each annual anniversary of the first day of the first full month following the Expansion Premises Rent Commencement Date (each, an “Expansion Premises Adjustment Date”) ), the Base Rent payable with respect to the Expansion Premises shall be increased by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage 2.5% and adding the resulting amount to the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: Lease Agreement (Enanta Pharmaceuticals Inc)

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Expansion Premises. Commencing on the Expansion Premises Commencement Date, Tenant shall pay Base Rent for with respect to the Expansion Premises at in the rate amount of $52.00 6.00 per rentable square foot of the Expansion Premises per annummonth. Base Rent payable for the Expansion Premises shall be increased on On each annual anniversary of the first day of the first full month following the Expansion Premises Commencement Date (each, an “Expansion Premises Adjustment Date”) during the Extended Term, Base Rent payable with respect to the Expansion Premises shall be increased by multiplying the Base Rent payable with respect to the Expansion Premises immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage 3% and adding the resulting amount to the Base Rent payable with respect to the Expansion Premises immediately before prior to such Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: Lease Agreement (Contineum Therapeutics, Inc.)

Expansion Premises. Commencing on the Expansion Premises Commencement DateCommencement, Date Tenant shall pay Base Rent for with respect to the Expansion Premises at in the rate amount of $52.00 36.00 per rentable square foot of the Expansion Premises per annumyear. Base Rent payable for with respect to the Expansion Premises shall be increased on each annual anniversary of the first day of the first full month following the Expansion Premises Commencement Date (each, an “Expansion Premises Adjustment Date”) by multiplying adding the Rent Adjustment Amount to the per rentable square foot Base Rent payable with respect to for the Expansion Premises per annum immediately before such Expansion Premises Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable with respect to the Expansion Premises immediately before Expansion Premises Adjustment Date.

Appears in 1 contract

Samples: Lease Agreement (Ultragenyx Pharmaceutical Inc.)

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