Common use of Suite 102 Premises Yearly Fixed Rent Clause in Contracts

Suite 102 Premises Yearly Fixed Rent. Yearly Fixed Rent for the Suite 102 Premises shall be as follows (during the Suite No. 102 Initial Term): RCD –06/30/16 $ 176,742.00 $ 14,728.50 07/01/16 – 06/30/17 $ 180,015.00 $ 15,001.25 07/01/17 – 06/30/18 $ 183,288.00 $ 15,724.00 07/01/18–06/30/19 $ 186,561.00 $ 15,546.75 07/01/19 – 06/30/20 $ 189,834.00 $ 15,819.50 07/01/20 – 06/30/21 $ 193,107.00 $ 16,092.25 07/01/21 – ED 102 IT $ 196,380.00 $ 16,365.00 Yearly Fixed Rent shall be payable monthly, in advance in equal monthly installments (“Monthly Payment”) as set forth above, on the first day of each month beginning on the Suite 102 Premises Rent Commencement Date (“RCD”). For clarification purposes, the first period shall begin on the RCD and continue until June 30, 2016, and the seventh period shall begin on July 1, 2021 and continue until the expiration of the Suite 102 Initial Term (“ED 102 IT”).

Appears in 2 contracts

Samples: Lease (CyberArk Software Ltd.), Lease (CyberArk Software Ltd.)

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Suite 102 Premises Yearly Fixed Rent. Yearly Fixed Rent for the Suite 102 Premises shall be as follows (during the Suite No. 102 Initial Term): RCD –06/30/16 -06/30/16 $ 176,742.00 $ 14,728.50 07/01/16 – 07/01/16-06/30/17 $ 180,015.00 $ 15,001.25 07/01/17 – 07/01/17-06/30/18 $ 183,288.00 $ 15,724.00 07/01/18–06/30/19 07/01/18-06/30/19 $ 186,561.00 $ 15,546.75 07/01/19 – 07/01/19-06/30/20 $ 189,834.00 $ 15,819.50 07/01/20 – 07/01/20-06/30/21 $ 193,107.00 $ 16,092.25 07/01/21 – 07/01/21-ED 102 IT $ 196,380.00 $ 16,365.00 Yearly Fixed Rent shall be payable monthly, in advance in equal monthly installments (“Monthly Payment”) as set forth above, on the first day of each month beginning on the Suite 102 Premises Rent Commencement Date (“RCD”). For clarification purposes, the first period shall begin on the RCD and continue until June 30, 2016, and the seventh period shall begin on July 1, 2021 and continue until the expiration of the Suite 102 Initial Term (“ED 102 IT”).

Appears in 2 contracts

Samples: Sublease (Chiasma, Inc), Sublease (Chiasma, Inc)

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