Schedule of Monthly Rent Payments. Beginning on the date (the “Rent Commencement Date”) that is the earlier of (i) the date that is eight months following the Commencement Date, and (ii) December 1, 2019, and continuing throughout the Term, Tenant shall pay to or upon the order of Landlord an annual rental (the “Base Rent”) as set forth below which shall be payable in consecutive monthly installments on or before the first day of each calendar month in advance in the monthly amount set forth below: Lease Year Annual Base Rent Monthly Base Rent 1 $ 4,880,447.00 $ 406,703.92 2 $ 5,026,860.41 $ 418,905.03 3 $ 5,177,666.22 $ 431,472.19 4 $ 5,332,996.21 $ 444,416.35 5 $ 5,492,986.10 $ 457,748.84 6 $ 5,657,775.68 $ 471,481.31 7 $ 5,827,508.95 $ 485,625.75 8 $ 6,002,334.22 $ 500,194.52 9 $ 6,182,404.24 $ 515,200.35 10 $ 6,367,876.37 $ 530,656.36
Appears in 3 contracts
Samples: Lease (Codiak BioSciences, Inc.), Non Disturbance, Attornment and Subordination Agreement (Codiak BioSciences, Inc.), Non Disturbance, Attornment and Subordination Agreement (Codiak BioSciences, Inc.)
Schedule of Monthly Rent Payments. Beginning on the date November 1, 2019 (the “Rent Commencement Date”) that is the earlier of (i) the date that is eight months following the Commencement Date, and (ii) December 1, 2019, and continuing throughout the Term, Term Tenant shall pay to or upon the order of Landlord an annual rental (the “Base Rent”) as set forth below which shall be payable in consecutive monthly installments on or before the first day of each calendar month in advance in the monthly amount set forth below: Lease Year Annual Monthly Base Rent Monthly Annual Base Rent 1 $ 4,880,447.00 297,331.88 $ 406,703.92 3,567,982.50 2 $ 5,026,860.41 306,251.83 $ 418,905.03 3,675,021.98 3 $ 5,177,666.22 315,439.39 $ 431,472.19 3,785,272.63 4 $ 5,332,996.21 324,902.57 $ 444,416.35 3,898,830.81 5 $ 5,492,986.10 334,649.64 $ 457,748.84 4,015,795.74 6 $ 5,657,775.68 344,689.13 $ 471,481.31 4,136,269.61 7 $ 5,827,508.95 355,029.81 $ 485,625.75 4,260,357.70 8 $ 6,002,334.22 365,680.70 $ 500,194.52 4,388,168.43 9 $ 6,182,404.24 376,651.12 $ 515,200.35 4,519,813.48 10 $ 6,367,876.37 387,950.66 $ 530,656.364,655,407.89 11* $ 399,589.18 $ 1,598,356.72 *Partial Lease Year of four (4) months
Appears in 1 contract
Samples: Non Disturbance, Attornment and Subordination Agreement (Syros Pharmaceuticals, Inc.)
