Common use of Rental Adjustments Clause in Contracts

Rental Adjustments. 6.1 The Basic Annual Rent then in effect (and as previously increased pursuant to this Section 6.1) shall be increased each year of the term and any extended term by three percent (3%). The first such increase shall become effective commencing with that monthly rental installment which is first due on or after the first (1st) anniversary of the Term Commencement Date and subsequent increases shall become effective on the same day of each calendar year thereafter for so long as this Lease continues in effect.

Appears in 1 contract

Samples: Sublease Agreement (Amylin Pharmaceuticals Inc)

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Rental Adjustments. 6.1 The Basic Annual Rent then set forth in effect (Sections 2.1.2 and as previously increased pursuant to this Section 6.1) 2.1.3 shall be increased each year of the term and any extended term by three percent (3%). The first such increase shall become effective ) annually, compounded, commencing with that monthly rental installment which is first due on or after the first (1st) anniversary of the Term Commencement Date Date, and subsequent increases shall become effective on the same day of each calendar year thereafter for so long as this Lease continues in effect.

Appears in 1 contract

Samples: Lease (Icagen Inc)

Rental Adjustments. 6.1 The initial Basic Annual Rent then set forth in effect (and as previously increased pursuant to this Section 6.1) 2.1.2 shall be increased each year of the term and any extended term by three percent (3%). The first such increase shall become effective commencing with that monthly rental installment which is first due on or after the first (1st) annual anniversary of the Term Commencement Date and subsequent increases shall become effective on the same day of each calendar year thereafter for so long as this Lease continues in effect.

Appears in 1 contract

Samples: Purchase Agreement (Ligand Pharmaceuticals Inc)

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Rental Adjustments. 6.1 The As shown in Section 2.1.4 the initial Basic Annual Rent then set forth in effect (and as previously increased pursuant to this Section 6.1) 2.1.3 shall be increased each year of the term and any extended term by three percent (3%). The As more particularly set forth in Section 2.1.4, the first such increase shall become effective commencing with that monthly rental installment which is first due on or after the first (1st) annual anniversary of the Term Commencement Date and subsequent increases shall become effective on the same day of each calendar year thereafter for so long as this Lease continues in effect.

Appears in 1 contract

Samples: Lease (Ligand Pharmaceuticals Inc)

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