Original Premises. Tenant shall continue paying Base Rent with respect to the Original Premises as provided in the Lease through January 31, 2016. Thereafter, on February 1, 2016 (the “Adjustment Date”), Base Rent payable with respect to the Original Premises shall be increased by multiplying the Base Rent payable with respect to the Original Premises immediately before such Adjustment Date by 3% and adding the resulting amount to the Base Rent payable with respect to the Original Premises immediately before such Adjustment Date.
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Samples: Lease Agreement (Corvus Pharmaceuticals, Inc.), Lease Agreement (Corvus Pharmaceuticals, Inc.)
Original Premises. Tenant shall continue paying Base Rent with respect to the Original Premises as provided in the Lease through January 31June 30, 20162019. Thereafter, on February 1, 2016 (the “Adjustment Date”), Base Rent payable with respect to the Original Premises shall be increased on July 1, 2019, and on each subsequent July 1st during the Base Term (each, a “Original Premises Adjustment Date”) by multiplying the Base Rent payable with respect to the Original Premises immediately before such Adjustment Date by 3% and adding the resulting amount to the Base Rent payable with respect to the Original Premises immediately before such Original Premises Adjustment Date.
Appears in 2 contracts
Samples: Lease (Tricida, Inc.), Lease (Tricida, Inc.)
Original Premises. Tenant shall continue paying Base Rent with respect to the Original Premises as provided in the Lease through January 31September 30, 20162018. Thereafter, Commencing on February October 1, 2016 2018, and on each October 1st thereafter through the Expiration Date (the each, an “Original Premises Adjustment Date”), the Base Rent payable by Tenant with respect to the Original Premises shall be increased by multiplying the Base Rent payable with respect to the Original Premises immediately before such Original Premises Adjustment Date by 32.75% and adding the resulting amount to the Base Rent payable with respect to the Original Premises immediately before such Original Premises Adjustment Date.
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