Rent Clause Example with 60 Variations from Business Contracts

Rent. (a) Base Rent. Base Rent for the month months in which the Second Floor Premises Commencement Date and the Third Floor Premises Rent Commencement Date occurs occur, and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof after the Third Floor P...remises Rent Commencement Date, Date with respect to the Third Floor Premises and after the Second Floor Premises Commencement Date with respect to the Second Floor Premises, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, via federally insured wire transfer (including ACH) pursuant to the wire instructions provided by Landlord, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abate, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Notwithstanding anything to the contrary contained in this Lease, so long as no event of Default has occurred and is continuing under this Lease, Base Rent payable with respect to the Third Floor Premises only shall be abated for the period commencing on the Third Floor Premises Rent Commencement Date through the last day of the 5th month following the Third Floor Premises Rent Commencement Date (the "Abatement Period"). Tenant shall commence paying Base Rent with respect to the Third Floor Premises on the first day of the 6th month following the Third Floor Premises Rent Commencement Date. (b) Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent ("Additional Rent"): (i) commencing on the Second Floor Premises Commencement Date, Date with respect to the Second Floor Premises and on the Third Floor Premises Rent Commencement Date with respect to the Third Floor Premises, Tenant's Share of "Operating Expenses" (as defined in Section 5), and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period. Copyright © 2005, Alexandria Real Estate Equities, Inc. ALL RIGHTS RESERVED. Confidential and Proprietary – Do Not Copy or Distribute. Alexandria and the Alexandria Logo are registered trademarks of Alexandria Real Estate Equities, Inc. Net Multi-Tenant Laboratory 4. Base Rent Adjustments. (a) Annual Adjustments. Base Rent with respect to the entire Premises shall be increased on each annual anniversary of the Third Floor Premises Rent Commencement Date (each an "Adjustment Date") by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated. (b) Additional TI Allowance. In addition to the Tenant Improvement Allowance (as defined in the Work Letter), Landlord shall, subject to the terms of the Work Letter, make available to Tenant the Additional Tenant Improvement Allowance (as defined in the Work Letter). Commencing on the Third Floor Premises Rent Commencement Date and continuing thereafter on the first day of each month during the Base Term, Tenant shall pay the amount necessary to fully amortize the portion of the Additional Tenant Improvement Allowance actually funded by Landlord, if any, in equal monthly payments with interest at a rate of 8% per annum over the Base Term, which interest shall begin to accrue on the date that Landlord first disburses such Additional Tenant Improvement Allowance or any portion(s) thereof ("TI Rent"). Any TI Rent (including applicable interest) remaining unpaid as of the expiration or earlier termination of the Lease shall be paid to Landlord in a lump sum at the expiration or earlier termination of this Lease. View More

Rent. (a) Base Rent. Base Rent for the month in which the Rent Commencement Date occurs and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof after the Rent Commencement Date, in lawful money of the United States of America, at the office of Landlo...rd for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abate, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. (b) Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent ("Additional Rent"): (i) commencing on the earlier of the Rent Commencement Date, Date or the date that Tenant commences doing business in all or any portion of the Premises (the "OPEX Commencement Date"), Tenant's Share of "Operating Expenses" (as defined in Section 5), and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period. Net Multi-Tenant Laboratory 3054 Cornwallis/ELO Life Systems - Page 4 4. Base Rent Adjustments. (a) Annual Adjustments. Base Rent shall be increased on each annual anniversary of the Rent Commencement Date (each an "Adjustment Date") by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated. (b) TI Allowance. Landlord shall, subject to the terms of the Work Letter, provide to tenant the TI Allowance (as defined in the Work Letter) of up to $70.00 per rentable square foot of the Premises for the construction of Tenant Improvements in the Premises. For each of the following incremental levels of the TI Allowance disbursed in connection with the Tenant Improvements in the Premises, Tenant shall pay "TI Rent" in an amount equal to the amount (per rentable square foot per year) for such increment of TI Allowance on the schedule set forth below: TI Allowance (per rentable square foot) Incremental Increase in Base Rent(per rentable square foot) $0.00 - $55.00 $ 0.00 $55.01 - $70.00 $ 3.00 For example, if the entire TI Allowance was disbursed by Landlord, the initial annual Base Rent and TI Rent, collectively, would be $30.00 per rentable square foot of the Premises per year. The incremental increase in TI Rent shall be equal to $0.200 per rentable square foot of the Premises per year for every $1.00 of TI Allowance Tenant elects to use in excess of $55.00. TI Rent shall be increased on each annual anniversary of the Rent Commencement Date by multiplying the TI Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the TI Rent payable immediately before such Adjustment Date. View More

Rent. (a) Base Rent. The first month's Base Rent for the month in which the Rent Commencement Date occurs and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal set-off except as expressly set forth herein, monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof after the Rent Commencement Date, hereof, ...in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abate, reduce, or set-off any Rent (as defined in Section 5) 6) due hereunder except for any abatement as may be expressly provided in this Lease. Notwithstanding the foregoing, Base Rent due and payable during the first 12 calendar months of the Term (including any partial month following the Commencement Date), i.e., from the Commencement Date until November 14, 2007, shall be reduced to an amount equal to 50% of the Base Rent set forth above, or $20,135.55 per month. Thereafter, Base Rent due and payable during the immediately succeeding 6 calendar months of the Term (increased by the Rent Adjustment Percentage as provided in Section 5 hereof), i.e., November 15, 2007 until May 14, 2008, shall be increased to an amount equal to 72.5% of such increased Base Rent, or $30,072.44. Commencing on May 15, 2008, and continuing thereafter for the remainder of the Term, Base Rent shall be due and payable in the amount set forth above, subject to adjustment as provided in Section 5 hereof. (b) Rent During Construction of Landlord's Work. Notwithstanding anything herein to the contrary, Landlord agrees that, during Landlord's construction of Landlord's Work following the Commencement Date, in addition to the reduction in Base Rent set forth in Section 4(a), Landlord shall waive Tenant's obligation to pay Base Rent and Operating Expenses hereunder on a day-for-day basis with respect to the portion of the Premises which is rendered unusable to Tenant due to such construction activity. Such waiver with respect to Base Rent shall only take effect if and to the extent that more than 50% of the Premises is rendered unusable as aforesaid. By way of example, and without intending to limit the generality of the foregoing, if 60% of the Premises is rendered unusable due to such construction activity, 60% of Operating Expenses shall be waived and 10% of Base Rent shall be waived, in each case for the number of days that such portion of the Premises is rendered unusable. Following Substantial Completion of Landlord's Work, Landlord shall prepare and deliver to Tenant an accounting of the reduction in Base Rent and Operating Expenses to which Tenant is entitled pursuant to this section, and such amounts shall be deducted from Tenant's next payment of Base Rent and Operating Expenses hereunder. Calculation of any credit against Base Rent hereunder shall be based on the full amount of Base Rent set forth in the Basic Lease Provisions above, not the reduced amount to be paid by Tenant pursuant to Section 4(a). (c) Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent ("Additional Rent"): (i) commencing on the Commencement Date, Tenant's Share of "Operating Expenses" (as defined in Section 5), 6), and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period. © All rights reserved – Alexandria Real Estate Equities 2001 CONFIDENTIAL – DO NOT COPY OR DISTRIBUTE 480 Arsenal Street/Tetraphase Pharmaceuticals, Inc. - Page 4 5. Base Rent Adjustments. Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease, i.e., each December 1 (each an "Adjustment Date") by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated. View More

Rent. (a) Base Rent. The first month's Base Rent for the month in which the Rent Commencement Date occurs and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof after the Rent Commencement Date, in lawful money of the United States of America, at th...e office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abate, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Net Multi-Tenant Laboratory 125 Shoreway/Biocardia – Page 4 Notwithstanding anything to the contrary contained herein, Tenant (i) shall only be required to pay Base Rent in the amount set forth on Page 1 of this Lease with respect to 8,000 rentable square feet for the first 6 months after the Rent Commencement Date, (ii) shall only be required to pay Base Rent in the amount set forth on Page 1 of this Lease with respect to 10,000 rentable square feet for the 7th through 12th months after the Rent Commencement Date, and (iii) shall be required to pay Base Rent in the amount of $1.65 per rentable square foot per month with respect to the entire Premises for the 13th through 24th months after the Rent Commencement Date. Thereafter, Base Rent shall be adjusted pursuant to Section 4(a). (b) Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent ("Additional Rent"): (i) commencing on the Commencement Date, Tenant's Share of "Operating Expenses" (as defined in Section 5), 5) and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period. Notwithstanding anything to the contrary contained herein, Tenant shall (i) shall only be required to pay Operating Expenses with respect to 8,000 rentable square feet of the Premises for the first 6 months after the Rent Commencement Date, (ii) shall only be required to pay Operating Expenses with respect to 10,000 rentable square feet of the Premises for the 7th through 12th months after the Rent Commencement Date. Tenant shall commence paying Tenant's Share of Operating Expenses with respect to the entire Premises on the commencement of the 13th month after the Rent Commencement Date. View More

Rent. (a) Base Rent. The first month's Base Rent for the month in which the Rent Commencement Date occurs and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof after the Rent Commencement Date, in lawful money of the United States of America, at th...e office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abate, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Notwithstanding anything to the contrary contained herein, Tenant (i) shall only be required to pay Base Rent in the amount set forth on Page 1 of this Lease with respect to 8,000 rentable square feet for the first 6 months after the Rent Commencement Date, (ii) shall only be required to pay Base Rent in the amount set forth on Page 1 of this Lease with respect to 10,000 rentable square feet for the 7th through 12th months after the Rent Commencement Date, and (iii) shall be required to pay Base Rent in the amount of $1.65 per rentable square foot per month with respect to the entire Premises for the 13th through 24th months after the Rent Commencement Date. Thereafter, Base Rent shall be adjusted pursuant to Section 4(a). Net Multi-Tenant Laboratory 125 Shoreway/Biocardia -Page 5 (b) Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent ("Additional Rent"): (i) commencing on the Commencement Date, Tenant's Share of "Operating Expenses" (as defined in Section 5), 5) and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period. Notwithstanding anything to the contrary contained herein, Tenant shall (i) shall only be required to pay Operating Expenses with respect to 8,000 rentable square feet of the Premises for the first 6 months after the Rent Commencement Date, (ii) shall only be required to pay Operating Expenses with respect to 10,000 rentable square feet of the Premises for the 7th through 12th months after the Rent Commencement Date. Tenant shall commence paying Tenant's Share of Operating Expenses with respect to the entire Premises on the commencement of the 13th month after the Rent Commencement Date. View More

Rent. (a) Base Rent. Base Rent for the month in which the Rent Commencement Date occurs and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. Tenant shall pay to Landlord in advance, without demand, abatement, abatement (except for any abatement as may be expressly provided for in this Lease), deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof after the Rent Commen...cement Date, hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abate, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided for in this Lease. Notwithstanding anything to the contrary contained in this Lease, so long as Tenant is not in Default under this Lease, for the period commencing on the Commencement Date (or, if the Commencement Date does not occur on the first day of a calendar month, then as of the first day of the first full calendar month immediately following the Commencement Date) through the last day of the 14th full calendar month following the Commencement Date (the "Partial Base Rent Abatement Period"), Tenant shall only be required to pay Base Rent with respect to only 50% of the Premises. Tenant shall commence paying Base Rent with respect to the entire Premises on the first day of the 15th full calendar month following the Commencement Date. (b) Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent ("Additional Rent"): (i) commencing on the Commencement Date, Tenant's Share of "Operating Expenses" (as defined in Section 5), and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period. Tenant acknowledges and agrees that the contemplated Project Improvements includes certain Project Amenities (as defined in Section 5 below). If Landlord, in its sole and absolute discretion, elects to construct Project Amenities, Landlord and Tenant acknowledge and agree that, commencing on the date(s) that all or any portions of the Project Amenities are made available for use by Tenant and any other tenants of the Project (each, a "Project Amenities Availability Date"), Landlord shall have right to increase the Rentable Area of the Premises (which shall in turn result in an increase in the Base Rent payable by Tenant under the Lease) by 0.1% for each 1,000 square feet of Project Amenities constructed at the Project up to a maximum of a 5% increase in the Rentable Area of Premises if 50,000 square feet of Project Amenities is constructed. During those periods of the Term where Landlord elects to increase the Rentable Area of the Premises pursuant to the immediately preceding sentence, Tenant shall not be required to pay the Amenities Fee provided for in Section 40. For example, if 40,000 square feet of Project Amenities is constructed, then the Rentable Area of the Premises (including, without limitation, for the purposes of the calculation of the payment of Base Rent) shall be 79,848. View More

Rent. (a) Base Rent. Base Rent for the first full calendar month in which immediately following the Rent Commencement Date occurs expiration of the Abatement Period (as defined below) (or, if the first month immediately following the expiration of the Abatement Period is not a full calendar month, then the first full calendar month immediately following the expiration of the Abatement Period) and the Security Deposit shall be due and payable on concurrently with Tenant's delivery of an executed copy o...f this Lease to Landlord. Such prepaid Base Rent shall be applied to Base Rent payable commencing on the date immediately following the expiration of the Abatement Period (as defined below). Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof after the Rent Commencement Date, Date (subject to the Abatement Period), in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. writing, or via federally insured wire transfer (including ACH) pursuant to the wire instructions provided by Landlord. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abate, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Notwithstanding anything contained herein to the contrary, so long as Tenant is not then in default under this Lease (beyond any applicable notice or cure periods), Base Rent shall be abated for the period commencing on the Rent Commencement Date (or, if the Rent Commencement Date does not occur on the first day of a calendar month, then on the first day of the first full calendar month following the Rent Commencement Date) through the expiration of the 3rd full calendar month following the Rent Net Multi-Tenant Laboratory 825 Industrial – Suites 300 and 200A/Vaxcyte - Page 4 Commencement Date (the "Abatement Period"). Notwithstanding anything to the contrary contained herein, if the Rent Commencement Date occurs on a day other than the first day of a calendar month, then, on the Rent Commencement Date, Tenant shall pay to Landlord the prorated Base Rent due (which shall not be subject to abatement pursuant to this paragraph) for the calendar month in which the Rent Commencement Date occurs. Tenant shall commence paying full Base Rent with respect to the entire Premises on the day immediately following the expiration of the Abatement Period. For the avoidance of doubt, Tenant acknowledges and agrees that if the Rent Commencement Date does not occur on the first day of a calendar month, Tenant will, on the Rent Commencement Date, pay Landlord the Base Rent due for such partial month. (b) Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent ("Additional Rent"): (i) commencing on the Rent Commencement Date, Tenant's Share of "Operating Expenses" (as defined in Section 5), and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period. View More

Rent. (a) Base Rent. The first month's Base Rent for the month in which the Rent Commencement Date occurs with respect to Premises West and the Premises West Security Deposit (as hereinafter defined) shall be due and payable on delivery of an executed copy of this Lease to Landlord. The first month's Base Rent with respect to Premises East and the Premises East Security Deposit (as hereinafter defined) shall be due and payable on the Premises East Commencement Date. Tenant shall pay to Landlord in adv...ance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof after the Rent Commencement Date, hereof, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abate, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Copyright © 2005, Alexandria Real Estate Equities, Inc. ALL RIGHT RESERVED. Confidential and Proprietary – Do Not Copy or Distribute. Alexandra and the Alexandria Logo are registered trademark of Alexandria Real Estate Equities, Inc. Net Multi-Tenant Laboratory 7000 Shoreline/Achaogen - Page 5 (b) Additional Rent. In addition to Base Rent, subject to Section 3(a), commencing on the Effective Date with respect to Premises West and commencing on the Premises East Commencement Date with respect to Premises East, Tenant agrees to pay to Landlord as additional rent ("Additional Rent"): (i) commencing on the Commencement Date, Tenant's Share of "Operating Expenses" (as defined in Section 5), and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period. View More

Rent. (a) Base Rent. Base Rent for the first full calendar month in which of the Rent Commencement Date occurs Partial Abatement Period (as defined below) and the Security Deposit shall be due and payable on concurrently with Tenant's delivery of an executed copy of this Lease to Landlord. Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof after the Re...nt Commencement Date, in lawful money of the United States of America, at the office of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. writing, or via federally insured wire transfer (including ACH) pursuant to the wire instructions provided by Landlord. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abate, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. If Tenant fails to pay the full amount due for Rent under this Lease for any month, Landlord may apply any partial payment of Rent made by Tenant to the outstanding balance due in any manner Landlord determines, in its sole and absolute discretion. Notwithstanding anything to the contrary contained herein, so long as Tenant is not then in default under this Lease beyond any applicable notice and cure periods, for the period commencing on the Commencement Date (or, if the Commencement Date does not occur on the first day of a calendar month, then on the first day of the first full calendar month following the Commencement Date) through the expiration of the 9th full calendar month following the Commencement Date (the "Partial Abatement Period"), Tenant shall be required to pay Base Rent in the amount of $275,000.00 per month (which Base Rent is calculated on 50,000 rentable square feet of the Premises). Notwithstanding anything to the contrary contained herein, if the Commencement Date occurs on a day other than the first day of a calendar month, then, on the Commencement Date, Tenant shall pay to Landlord the prorated Base Rent due (which shall not be subject to abatement pursuant to this paragraph) for the calendar month in which the Commencement Date occurs. Commencing on the day immediately following the expiration of the Partial Abatement Period, Tenant shall commence paying the full amount of Base Rent set forth on Page 1. The parties hereby acknowledge agree that, notwithstanding that the rentable square footage of the Net Laboratory 450 E. Jamie Court/AMT - Page 5 Premises is approximately 84,321 rentable square feet, during the Base Term and any Extension Terms, Tenant shall only be required to pay Base Rent with respect to 77,000 rentable square feet of the Premises and the Base Rent amount set forth on Page 1 was calculated based on 77,000 rentable square feet. (b) Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent ("Additional Rent"): (i) commencing on the Commencement Date, Tenant's Share of "Operating Expenses" (as defined in Section 5), and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period. For the avoidance of doubt, Tenant shall pay Operating Expenses with respect to the entire 84,321 rentable square footage of the Building. View More

Rent. (a) Base Rent. Base Rent for the [•]th month in which of the Rent Commencement Date occurs Term and the Security Deposit shall be due and payable on delivery of an executed copy of this Lease to Landlord. Tenant shall pay to Landlord in advance, without demand, abatement, deduction or set-off, equal monthly installments of Base Rent on or before the first day of each calendar month during the Term hereof after the Rent Commencement Date, in lawful money of the United States of America, at the of...fice of Landlord for payment of Rent set forth above, or to such other person or at such other place as Landlord may from time to time designate in writing. Payments of Base Rent for any fractional calendar month shall be prorated. The obligation of Tenant to pay Base Rent and other sums to Landlord and the obligations of Landlord under this Lease are independent obligations. Tenant shall have no right at any time to abate, reduce, or set-off any Rent (as defined in Section 5) due hereunder except for any abatement as may be expressly provided in this Lease. Notwithstanding anything to the contrary contained herein, Tenant shall be required to pay Base Rent with respect to only 5,000 rentable square feet of the Premises commencing on the Rent Commencement Date through the expiration of the 18th month of the Base Term. Tenant shall commence Base Rent with respect to the entire Premises on the first day of the 19th month of the Base Term. (b) Additional Rent. In addition to Base Rent, Tenant agrees to pay to Landlord as additional rent ("Additional Rent"): (i) commencing on the Commencement Date, Tenant's Share of "Operating Expenses" (as defined in Section 5), and (ii) any and all other amounts Tenant assumes or agrees to pay under the provisions of this Lease, including, without limitation, any and all other sums that may become due by reason of any default of Tenant or failure to comply with the agreements, terms, covenants and conditions of this Lease to be performed by Tenant, after any applicable notice and cure period. [*] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. Copyright © 2005, Alexandria Real Estate Equities, Inc. ALL RIGHT RESERVED. Confidential and Proprietary – Do Not Copy or Distribute. Alexandria and the Alexandria Logo are registered trademarks of Alexandria Real Estate Equities, Inc. Net Multi-Tenant Laboratory 400 E. Jamie Court/Sequenta – Page 4 4. Base Rent Adjustments. Base Rent shall be increased during the Base Term as provided for in the schedule set forth on page 1 of this Lease. Base Rent adjustments for any fractional calendar month shall be prorated. View More