Monthly Basic Rent. Upon the commencement of the Term of this Lease, and on the first day of each month thereafter during the Term of this Lease, Tenant shall pay to Landlord, in advance and without offset, as Monthly Basic Rent for the Premises the following monthly payments: -(i)- Months of Term Monthly Basic Rent Monthly Basic Rent per Rentable Square Foot *1 – 12 $31,338.40 $2.15 13 – 24 $32,212.96 $2.21 25 – 36 $33,233.28 $2.28 37 – 48 $34,253.60 $2.35 49 – 60 $35,273.92 $2.42 *Including any partial month at the beginning of the Term if the Commencement Date does not fall on the first day of the month.
Appears in 1 contract
Samples: Work Letter Agreement (Hi/Fn Inc)
Monthly Basic Rent. Upon the commencement of the Term of this Lease, and on the first day of each month thereafter during the Term of this Lease, Tenant shall pay to Landlord, in advance and without offsetdemand, notice, offset or deduction, as Monthly Basic Rent for the Premises the following monthly payments: -(i)- Months of Term Monthly Basic Rent Monthly Basic Rent per Rentable Square Foot *1 – 12 $31,338.40 $2.15 $ 6,046.75 $ 3.35 13 – 24 $32,212.96 $2.21 $ 6,227.25 $ 3.45 25 – 36 $33,233.28 $2.28 $ 6,407.75 $ 3.55 37 – 48 $34,253.60 $2.35 $ 6,606.30 $ 3.66 49 – 60 $35,273.92 $2.42 *$ 6,804.85 $ 3.77 * Including any partial month at the beginning of the Term if the Commencement Date does not fall on the first day of the monthmonth and subject to abatement as provided in Section 3.1 below.
Appears in 1 contract
Samples: Work Letter Agreement (Auspex Pharmaceuticals, Inc.)
Monthly Basic Rent. Upon the commencement of the Term of this Lease, and on the first day of each month thereafter during the Term of this Lease, Tenant shall pay to Landlord, in advance and without offsetdemand, notice, offset or deduction, as Monthly Basic Rent for the Premises the following monthly payments: -(i)- Monthly Basic Rent Months of Term Monthly Basic Rent Monthly Basic Rent per Rentable Square Foot *1 – 12 $31,338.40 $2.15 $ 87,804.55 $ 3.95 13 – 24 $32,212.96 $2.21 $ 90,916.61 $ 4.09 25 – 36 $33,233.28 $2.28 $ 94,028.67 $ 4.23 37 – 48 $34,253.60 $2.35 $ 97,363.02 $ 4.38 49 – 60 $35,273.92 $2.42 *$ 100,697.37 $ 4.53 61 – 64 $ 104,254.01 $ 4.69 * Including any partial month at the beginning of the Term if the Commencement Date does not fall on the first day of the monthmonth and subject to abatement as provided in Section 3.1 below.
Appears in 1 contract
Samples: Work Letter Agreement (Orexigen Therapeutics, Inc.)
Monthly Basic Rent. Upon Starting on the commencement of Commencement Date (but subject to the Term of this Leasesixty (60) day rent abatement provision set forth in Section 3.1), and on the first day of each month thereafter during the Term of this Lease, Tenant shall pay to Landlord, in advance and without offset, as Monthly Basic Rent for the Premises the following monthly payments: -(i)- Monthly Basic Rent Months of Term Monthly Basic Rent Monthly Basic Rent per Rentable Square Foot *1 – 1-12 $31,338.40 $2.15 13 – $ 16,383.75 $ 3.75 13-24 $32,212.96 $2.21 25 – $ 16,951.72 $ 3.88 25-36 $33,233.28 $2.28 37 – $ 17,563.38 $ 4.02 37-48 $34,253.60 $2.35 49 – $ 18,175.04 $ 4.16 49-60 $35,273.92 $2.42 *$ 18,786.70 $ 4.30 * Including any partial month at the beginning of the Term if the Commencement Date does not fall on the first day of the month.
Appears in 1 contract
Samples: Work Letter Agreement (Orexigen Therapeutics, Inc.)