Rental Amounts During Second Extended Term. If Tenant properly exercises its right to a second extended Term of this Lease pursuant to Section 2.6 hereof, the Minimum Rental during such second extended term shall be determined in the same manner provided in the preceding paragraph for the first extended term (including the rental increase provision for years after the first year of such second extended term), except that the determination shall be made as of the commencement of the second extended term.
Appears in 7 contracts
Samples: Work Letter (Natera, Inc.), Work Letter (Natera, Inc.), Redemption Agreement (Nektar Therapeutics)
Rental Amounts During Second Extended Term. If Tenant properly exercises its right to a second extended Term term of this Lease pursuant to Section 2.6 hereof, the Minimum Rental minimum rental and any applicable rental increase provisions during such second extended term shall be determined in the same manner provided in the preceding paragraph for the first extended term (including the rental increase provision for years after the first year of such second extended term), except that the determination shall be made as of the commencement of the second extended term.
Appears in 5 contracts
Samples: Asset Purchase Agreement (Portola Pharmaceuticals Inc), Asset Purchase Agreement (Portola Pharmaceuticals Inc), Sub Sublease (Cytokinetics Inc)
Rental Amounts During Second Extended Term. If Tenant properly exercises its right to a second extended Term term of this Lease pursuant to Section 2.6 hereof, the Minimum Rental during such second extended term shall be determined in the same manner provided in the preceding paragraph for the first extended term (including initial fair market rental followed by subsequent annual escalations equal to the greater of 3% or fair market rental increase provision for years after escalation percentage during the first year balance of such second extended the term), except that the determination shall be made as of the commencement of the second extended term.
Appears in 4 contracts
Samples: Sub Sublease (Assembly Biosciences, Inc.), Sublease (NGM Biopharmaceuticals Inc), Sublease (Prothena Corp PLC)
Rental Amounts During Second Extended Term. If Tenant properly exercises its right to a second extended Term term of this Lease pursuant to Section 2.6 hereof, the Minimum Rental minimum rental during such second extended term shall be determined in the same manner provided in the preceding paragraph for the first extended term (including the initial fair market rental increase provision for years after the first year of such second extended termfollowed by annual four percent (4%) increases), except that the determination shall be made as of the commencement of the second extended term.
Appears in 1 contract
Samples: Rigel Pharmaceuticals Inc
Rental Amounts During Second Extended Term. If Tenant properly ------------------------------------------ exercises its right to a second extended Term term of this Lease pursuant to Section 2.6 hereof, the Minimum Rental minimum rental during such second extended term shall be determined in the same manner provided in the preceding paragraph for the first extended term (including the rental increase indexation provision for years after the first year of such second extended term), except that the determination shall be made as of the commencement of the second extended term.
Appears in 1 contract
Samples: Exelixis Inc
Rental Amounts During Second Extended Term. If Tenant ------------------------------------------ properly exercises its right to a second extended Term term of this Lease pursuant to Section 2.6 hereof, the Minimum Rental minimum rental and any applicable rental increase provisions during such second extended term shall be determined in the same manner provided in the preceding paragraph for the first extended term (including the rental increase provision for years after the first year of such second extended term), except that the determination shall be made as of the commencement of the second extended term.
Appears in 1 contract
Samples: Cor Therapeutics Inc / De
Rental Amounts During Second Extended Term. If Tenant properly exercises its right to a second extended Term term of this Lease pursuant to Section 2.6 hereof, the Minimum Rental minimum rental during such second extended term shall be determined in the same manner provided in the preceding paragraph for the first extended term (including the rental increase indexation provision for years after the first year of such second extended term), except that the determination shall be made as of the commencement of the second extended term.
Appears in 1 contract
Samples: Lease (Exelixis Inc)