Third Expansion Premises. In addition to the Current Premises, commencing on the Third Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Third Expansion Premises.
Third Expansion Premises. (a) In consideration of the rents, terms, provisions and covenants of this Amendment and the Lease, Landlord hereby leases unto Tenant and Tenant hereby rents and accepts from Landlord the Third Expansion Premises. The Third Expansion Premises is more particularly described on Exhibit A attached hereto. The Third Expansion Premises is located on the ground floor of 0000 Xxxx Xxxxxx Parkway, Suite 100.
Third Expansion Premises. Commencing on the Effective Date, Landlord hereby leases to Tenant and Tenant hereby leases from Landlord approximately 15,976 square feet of rentable floor area (the “Rentable Floor Area of the Third Expansion Space”) located on the third (3rd) floor of the Building, as more particularly shown on the floor plan attached to the Lease as Exhibit L (the “Third Expansion Space”). From and after the Effective Date, the “Tenant’s Premises” under the Lease and all references to the “Premises” in the Lease shall be deemed to include both the Third Expansion Space and the Existing Premises.
Third Expansion Premises the Original Premises, the First Expansion Premises, the Second Expansion Premises and Third Expansion Premises are collectively referred to herein as the "Premises"), thereby bringing the Total Rentable Square Feet in the Premises to 43,305; and
Third Expansion Premises. Commencing on the Third Expansion Commencement Date, Tenant shall also pay Tenant's Share of Direct Expenses in connection with the Third Expansion Premises in accordance with the terms of the Lease, provided that with respect to the calculation of Tenant's Share of Direct Expenses in connection with the Third Expansion Premises, Tenant's Share shall equal 86.40% of Building F. ./ -/// -6- [Third Amendment] [Arcus Biosciences, Inc.]
Third Expansion Premises. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, the Third Expansion Premises. The Third Expansion Premises has been measured in accordance with the Building Owners and Managers Association Standard Method of Measurement (ANSI/BOMA Z65.1 1996). Notwithstanding anything in the Lease or in this Amendment to the contrary, except as provided in the immediately following sentence, Tenant is leasing the Third Expansion Premises in its as-is, but broom clean, condition with all furniture, equipment [other than the Existing Equipment (as hereinafter defined)] and personal property removed (the “Required Delivery Condition”). Tenant acknowledges that the prior tenant's equipment (the “Existing Equipment”) may still be present in the phone closet located within the Third Expansion Premises as of the Third Expansion Premises Commencement Date. Tenant shall have no liability for the repair, maintenance, or removal of the Existing Equipment, nor shall Tenant be liable for any interruption of service caused to the Existing Equipment while such Existing Equipment is located within the Third Expansion Premises. If applicable, Landlord shall coordinate with Tenant and the prior tenant to remove the Existing Equipment from the Third Expansion Premises within a reasonable period, but in no event later than November 1, 2018. Except to the extent caused by the negligence or willful misconduct of Tenant, Landlord shall indemnify and save free and harmless Tenant from and against all losses and/or expenses, including reasonable legal fees and expenses, which Tenant may suffer or pay as the result of claims or lawsuits involving or in connection with the Existing Equipment. Notwithstanding anything to the contrary, Landlord's indemnification obligation pursuant to the immediately preceding sentence shall expire two (2) years after the Existing Equipment is removed from the Third Expansion Premises. Landlord shall ensure that all base Building systems serving the Third Expansion Premises are in good working order as of the Third Expansion Premises Commencement Date. Tenant shall cause the Third Expansion Premises to be built out in accordance with the Work Agreement that is attached to and made a part hereof as Exhibit B.
Third Expansion Premises. The Third Expansion Premises – Phase I and the Third Expansion Premises – Phase II, consisting of approximately Thirty-Eight Thousand One Hundred Fifty-One (38,151) rentable square feet.
Third Expansion Premises. Phase I Applicable Portion of Lease Term Rate Per/RentableSq. Ft./Annum Annual BaseRent Monthly BaseRent Installment(Annual ÷ 12) Beginning Ending Third Expansion Premises Rent Commencement Date – Phase I May 31, 2018 $34.50 $711,907.50 $59,325.63 June 1, 2018 May 31, 2019 $35.50 $732,542.50 $61,045.21 June 1, 2019 May 31, 2020 $36.50 $753,177.50 $62,764.79 June 1, 2020 May 31, 2021 $37.50 $773,812.50 $64,484.38 June 1, 2021 May 31, 2022 $38.50 $794,447.50 $66,203.96 June 1, 2022 May 31, 2023 $39.50 $815,082.50 $67,923.54 June 1, 2023 May 31, 2024 $40.50 $835,717.50 $69,643.13 June 1, 2024 May 31, 2025 $41.50 $856,352.50 $71,362.71 June 1, 2025 March 31, 2026 $42.50 $876,987.50 $73,082.29 Third Expansion Premises – Phase II Applicable Portion of Lease Term Rate Per/RentableSq. Ft./Annum Annual BaseRent Monthly BaseRent Installment(Annual ÷ 12) Beginning Ending Third Expansion Premises Rent Commencement Date – Phase II May 31, 2018 $34.50 $604,302.00 $50,358.50 June 1, 2018 May 31, 2019 $35.50 $621,818.00 $51,818.17 June 1, 2019 May 31, 2020 $36.50 $639,334.00 $53,277.83 June 1, 2020 May 31, 2021 $37.50 $656,850.00 $54,737.50 June 1, 2021 May 31, 2022 $38.50 $674,366.00 $56,197.17 June 1, 2022 May 31, 2023 $39.50 $691,882.00 $57,656.83 June 1, 2023 May 31, 2024 $40.50 $709,398.00 $59,116.50 June 1, 2024 May 31, 2025 $41.50 $726,914.00 $60,576.17 June 1, 2025 March 31, 2026 $42.50 $744,430.00 $62,035.83
Third Expansion Premises. Commencing on the “Third Expansion Premises Rent Commencement Date”, which shall be the earlier to occur of (i) the Third Expansion Premises Commencement Date, or (ii) March 1, 2016, Tenant shall pay Base Rent for the Third Expansion Premises in the amount of $50.00 per rentable square foot of the Third Expansion Premises per year. Base Rent for the Third Expansion Premises shall be increased on each annual anniversary of Third Expansion Premises Rent Commencement Date by $1.00 per rentable square foot of the Third Expansion Premises per year. Base Rent for the Third Expansion Premises, as so adjusted, shall thereafter be due as provided herein.”
Third Expansion Premises. Subject to the provisions of this Amendment, effective as of the day following the date that the Third Expansion Premises (defined below) is vacated by both Nimble Therapeutics, Inc. or its affiliate (“Nimble”) and Roche Nimblegen, Inc. or its affiliate (“Roche”) as more particularly described in Section 2.b. below and delivered to Tenant in the condition described in Section 2.c. below (the “Third Expansion Premises Commencement Date”), the Leased Premises shall be expanded to include the 25,965 rentable square feet of space located at 000 Xxxxx Xxxx Xxxx, Madison, Wisconsin (the “500 Building”) depicted on Exhibit A attached hereto (the “Third Expansion Premises”). Following the Third Expansion Premises Commencement Date, the Leased Premises shall include a total of 100,156 rentable square feet. The 500 Building, 502 Building and 504 Building are collectively referred to hereinafter as the “Buildings.” Beginning July 1, 2020, Tenant and its employees, contractors and agents shall, upon reasonable prior written notice (but in no event less than 24 hours’ prior written notice) be provided with reasonable access to the Third Expansion Premises during business hours in order to evaluate the space and plan for the Tenant Improvements provided that such right is exercised (i) in a manner so as to not interfere with the business operations of Nimble, Roche or any other occupant of the 500 Building and (ii) in compliance with any security, confidentiality or other reasonable protocols established by Landlord, Nimble or Roche (the “Early Access”). Early Access to that portion of the Third Expansion Premises occupied by Nimble and/or Roche may reasonably be withheld from time to time based upon the reasonable requirements of Nimble and/or Roche. Tenant’s Early Access shall not exceed twenty (20) cumulative (in total; not consecutive) hours in space actually occupied by Nimble and/or Roche. For the avoidance of doubt, that portion of the Third Expansion Premises which is not occupied by Nimble or Roche shall not be subject to the time limitation set forth in the immediately preceding sentence. 43149540v7 DocuSign Envelope ID: 256996CC-2BE8-4440-9C25-54EC12980524
