Common use of OPERATING EXPENSE ESCALATIONS Clause in Contracts

OPERATING EXPENSE ESCALATIONS. Effective as of the Additional Space Commencement Date, with respect to the Additional Space only: a. For purposes of Article 49.02(i) of the Lease, the reference at line two (2) thereof to “2010” is hereby replaced with “2011”. b. For purposes of Article 49.02(i) of the Lease, the reference at line four (4) thereof to “2008, 2009 and 2010” is hereby replaced with “2009, 2010 and 2011”. c. For purposes of Article 49.02(ii) of the Lease, the reference at line two (2) thereof to “three and five hundredths (3.05%) percent” is hereby replaced with “one and eight hundredths (1.08%) percent”. d. For purposes of Article 49.02(ii) of the Lease, the reference at line seven (7) thereof to “12,919” is hereby replaced with “4,585”. e. For purposes of Article 49.02(iv) of the Lease, the reference at line four (4) thereof to “January 1, 2011” is hereby replaced with “January 1, 2012”.

Appears in 2 contracts

Samples: Lease Agreement (Schrodinger, Inc.), Lease Agreement (Schrodinger, Inc.)

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OPERATING EXPENSE ESCALATIONS. Effective as of the Second Additional Space Commencement Date, with respect to the Second Additional Space only: a. For purposes of Article 49.02(i) of the Lease, the reference at line two (2) thereof to “2010” is hereby replaced with “20112014”. b. For purposes of Article 49.02(i) of the Lease, the reference at line four (4) thereof to “2008, 2009 and 2010” is hereby replaced with “20092012, 2010 2013 and 20112014”. c. For purposes of Article 49.02(ii) of the Lease, the reference at line two (2) thereof to “three and five hundredths (3.05%) percent” is hereby replaced with “one two and eight thirty-seven hundredths (1.082.37%) percent”. d. For purposes of Article 49.02(ii) of the Lease, the reference at line seven (7) thereof to “12,919” is hereby replaced with “4,58510,093”. e. For purposes of Article 49.02(iv) of the Lease, the reference at line four (4) thereof to “January 1, 2011” is hereby replaced with “January 1, 20122015”.

Appears in 2 contracts

Samples: Lease Agreement (Schrodinger, Inc.), Lease Agreement (Schrodinger, Inc.)

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