Common use of Terms Applicable to Second Extension Term Clause in Contracts

Terms Applicable to Second Extension Term. A. During the Second Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to the Prevailing Market rate per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate; and (c) Base Rent shall be payable in monthly installments in accordance with the terms and conditions of the Lease, as amended.

Appears in 6 contracts

Samples: Office Lease (Graybug Vision, Inc.), Office Lease (Graybug Vision, Inc.), Office Lease (Mirum Pharmaceuticals, Inc.)

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Terms Applicable to Second Extension Term. A. 1. During the Second Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to the Prevailing Market rate per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate; and (c) Base Rent shall be payable in monthly installments in accordance with the terms and conditions of the Lease, as amended.

Appears in 4 contracts

Samples: Office Lease (Marketo, Inc.), Office Lease (Marketo, Inc.), First Amendment (GigOptix, Inc.)

Terms Applicable to Second Extension Term. A. 1. During the Second Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to 95% of the Prevailing Market rate per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate; and (c) Base Rent shall be payable in monthly installments in accordance with the terms and conditions of the Lease, as amended.

Appears in 2 contracts

Samples: Office Lease (Cardiodx Inc), Office Lease (Cardiodx Inc)

Terms Applicable to Second Extension Term. A. During the Second Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to the Prevailing Market rate per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate; and (c) Base Rent shall be payable in monthly installments in accordance with the terms and conditions of the Lease, as amended,.

Appears in 1 contract

Samples: Second Amendment (Sciclone Pharmaceuticals Inc)

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Terms Applicable to Second Extension Term. A. During the Second Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to the Prevailing Market a rate of $3.55 per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market ratefoot per month; and (cb) Base Rent shall be payable in monthly installments in accordance with the terms and conditions of the Lease, as amended.

Appears in 1 contract

Samples: Office Lease (Quinstreet, Inc)

Terms Applicable to Second Extension Term. A. During the Second Extension Term, (a) the Base Rent rate per rentable square foot shall be equal to the Prevailing Market rate per rentable square foot; (b) Base Rent shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate; and (c) Base Rent shall be payable in monthly installments in accordance with the terms and conditions of the Lease, as amended.

Appears in 1 contract

Samples: Office Lease (Poshmark, Inc.)

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