Option Rent. The annual Rent payable by Tenant during the Option Term (the “Option Rent”) shall be the “Fair Rental Value,” as that term is defined in Section 2.3.3 below, for the Premises for the Option Term.
Appears in 6 contracts
Samples: Office Lease (Recursion Pharmaceuticals, Inc.), Office Lease (Recursion Pharmaceuticals, Inc.), Office Lease (Recursion Pharmaceuticals, Inc.)
Option Rent. The annual Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the “Fair Rental Value,” as that term is defined in Section 2.3.3 below, for the Premises for the Option Term.as of the
Appears in 4 contracts
Samples: Lease (Pliant Therapeutics, Inc.), Lease (RAPT Therapeutics, Inc.), Lease (Pliant Therapeutics, Inc.)
Option Rent. The annual Base Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the “Fair Rental Value,” as that term is defined in Section 2.3.3 below, Value for the Premises for the Option Term. Notwithstanding the foregoing, the Base Rent component of the Option Rent shall be adjusted accordingly such that Tenant shall continue to pay Tenant’s Share of Direct Expenses during the Option Term in accordance with Article 4, below.
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Option Rent. The annual Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the “Fair Rental Value,” as that term is defined in Section 2.3.3 below, for the Premises for as of the commencement date of the Option Term.. The “Fair Rental Value,” as used in this Lease, shall be equal to the annual rent per rentable square foot (including additional rent and considering any “base year” or “expense stop” applicable thereto), including all escalations, at which tenants (pursuant to leases consummated within the twelve (12) month
Appears in 1 contract
Samples: Lease (Aligos Therapeutics, Inc.)
Option Rent. The annual Rent rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the “Fair Rental Value,” as that term is defined in Section 2.3.3 below, for the Premises for as of the commencement date of the Option Term.. The “Fair
Appears in 1 contract
Samples: Industrial Real Estate Lease (Pacira Pharmaceuticals, Inc.)
Option Rent. The annual Rent payable by Tenant during the Option Term (the “Option Rent”) shall be equal to the “Fair Rental Value,” as that term is defined in Section 2.3.3 below, for the Premises for as of the commencement date of the Option Term.. The “Fair Rental Value,” as used in this Lease, shall be equal to the annual rent per rentable square foot (including additional rent and considering any “base year” or “expense stop” applicable thereto), including all escalations, at which tenants (pursuant to leases
Appears in 1 contract
Samples: Lease (Bolt Biotherapeutics, Inc.)
Option Rent. The annual Rent payable by Tenant during the Option Term (the “"Option Rent”") shall be equal to the “Fair Rental Value,” as that term is defined in Section 2.3.3 below, Value for the Premises for the Option Term. Notwithstanding the foregoing, the Base Rent component of the Option Rent shall be adjusted accordingly such that Tenant shall continue to pay Tenant's Share of Direct Expenses during the Option Term in accordance with Article 4, below.
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