Proration of Rental Adjustment. If the Term does not commence on January 1 or does not end on December 31, Tenant’s obligations to pay estimated and actual amounts towards Real Estate Taxes, Utilities, and Operating Expenses for such first or final calendar year shall be prorated to reflect the portion of such year(s) included in the Term. Such proration shall be made by multiplying the total estimated or actual (as the case may be) Real Estate Taxes, Utilities, and Operating Expenses for such calendar year(s), as well as the Base Real Estate Taxes, Base Utilities, and Base Operating Expenses, by a fraction, the numerator of which shall be the number of days of the Term during such calendar year, and the denominator of which shall be three hundred sixty-five (365).
Appears in 9 contracts
Samples: Office Lease (Loxo Oncology, Inc.), Office Lease (Sunesis Pharmaceuticals Inc), Office Lease (Envivio Inc)
Proration of Rental Adjustment. If the Term does not commence on January 1 or does not end on December 31, Tenant’s obligations to pay estimated and actual amounts towards Real Estate Taxes, Utilities, Taxes and Operating Expenses for such first or final calendar year shall be prorated to reflect the portion of such year(s) included in the Term. Such proration shall be made by multiplying the total estimated or actual (as the case may be) Real Estate Taxes, Utilities, Taxes and Operating Expenses for such calendar year(s), as well as the Base Real Estate Taxes, Base Utilities, Taxes and Base Operating Expenses, by a fraction, the numerator of which shall be the number of days of the Term during such calendar year, and the denominator of which shall be three hundred sixty-five (365).
Appears in 4 contracts
Samples: Office Lease (Day One Biopharmaceuticals Holding Co LLC), Office Lease (ESSA Pharma Inc.), Office Lease (Satsuma Pharmaceuticals, Inc.)
Proration of Rental Adjustment. If the Term does not commence on January 1 or does not end on December 31, Tenant’s 's obligations to pay estimated and actual amounts towards Real Estate Taxes, Utilities, Taxes and Operating Expenses for such first or final calendar year shall be prorated to reflect the portion of such year(s) included in the Term. Such proration shall be made by multiplying the total estimated or actual (as the case may be) Real Estate Taxes, Utilities, Taxes and Operating Expenses for such calendar year(s), as well as the Base Real Estate Taxes, Base Utilities, Taxes and Base Operating Expenses, by a fraction, the numerator of which shall be the number of days of the Term during such calendar year, and the denominator of which shall be three hundred sixty-five (365).
Appears in 1 contract
Samples: Office Lease (MyoKardia Inc)
