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. 2.3.3
Appears in 4 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 the “Fair Rental Value,” as that term is defined in Section 2.3.3 below, for the Premises for the Option Term. 2.3.3.
Appears in 2 contracts
Samples: 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 as of the Option TermHCP, INC. 2.3.3[Eccles Business Park]
Appears in 2 contracts
Samples: Lease (RAPT Therapeutics, Inc.), Lease (RAPT Therapeutics, 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. 2.3.3as of the
Appears in 2 contracts
Samples: Lease (Pliant Therapeutics, Inc.), Lease (Pliant Therapeutics, 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. 2.3.3Notwithstanding 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.
Appears in 1 contract
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. 2.3.3The “Fair
Appears in 1 contract
Samples: Industrial Real Estate Lease (Pacira Pharmaceuticals, Inc.)
