Common use of Rental Amounts During Second Extended Term Clause in Contracts

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 (initial fair market rental followed by subsequent annual escalations equal to the greater of 3% or fair market rental escalation percentage during the balance of 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)

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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 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 (initial fair market rental followed by subsequent annual escalations equal to the greater of 3% or fair market rental escalation percentage during the balance of the term), except that the determination shall be made as of the commencement of the second extended term.

Appears in 1 contract

Samples: Lease (Cor Therapeutics Inc / De)

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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 minimum rental during such second extended term shall be determined in the same manner provided in the preceding paragraph for the first extended term (initial fair market rental followed by subsequent annual escalations equal to the greater of 3% or fair market rental escalation percentage during the balance of the termfour percent (4%) increases), except that the determination shall be made as of the commencement of the second extended term.

Appears in 1 contract

Samples: Build to Suit Lease (Rigel Pharmaceuticals Inc)

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