Building 3 Clause Samples
Building 3. Landlord shall use reasonable efforts to deliver the 1st floor lobby and floors 3 and 4 containing approximately 61,715 rentable square feet of Building 3 (“Initial Building 3 Premises”) to Tenant on or before June 1, 2013, with Landlord’s Work in the Initial Building 3 Premises Substantially TI Completed, and to deliver the balance of Building 3 (“Subsequent Building 3 Premises”) to Tenant on or before January 1, 2014, with Landlord’s Work in the Subsequent Building 3 Premises Substantially TI Completed. Except as provided herein, if Landlord fails to timely deliver the Initial Building 3 Premises or the Subsequent Building 3 Premises, as applicable, Landlord shall not be liable to Tenant for any loss or damage resulting therefrom, and this Lease shall not be void or voidable. 5200 Research Place/Illumina — Page 4
Building 3. Tenant shall pay to Landlord as minimum rental for Building 3, in advance, without deduction, offset, notice or demand, on or before the Effective Date and on or before the first day of each subsequent calendar month of the initial term of this Lease (except the month of August 2006, for which Tenant has already prepaid the minimum monthly rent pursuant to the Sublease and such prepaid minimum monthly rent was transferred or credited to Landlord by Sugen, Inc. in connection with the assignment to Landlord of the position of Sugen, Inc. as sublandlord under the Sublease), the following amounts per month (with the counting of such months to begin on and as of the Effective Date): Eff. Date – 7/31/05 No monthly minimum rental due 8/1/05 – 7/31/06 $ 81,336.00 8/1/06 – 7/31/07 130,815.40 [8/06 rent has been prepaid] 8/1/07 – 7/31/08 134,204.40 8/1/08 – 7/31/09 137,593.40 8/1/09 – 7/31/10 140,982.40 8/1/10 – 7/31/11 144,371.40 8/1/11 – 7/31/12 147,760.40 8/1/12 – 7/31/13 151,149.40 8/1/13 – 7/31/14 154,538.40 8/1/14 – 7/31/15 157,927.40 8/1/15 – 7/31/16 161,316.40 8/1/16 – 7/31/17 164,705.40 8/1/17 – 7/31/18 168,094.40
Building 3. Upon the Building 3 Must Take Space Commencement Date, Tenant shall have the right to install exterior signage of a size approved by Landlord in writing on Building 3 in a location facing 1-90, on or about the location for such signage shown on Exhibit H;
Building 3. Beginning on the Fifteenth Amendment Commencement Date and throughout the Building 3 Expansion Term, Tenant shall have the right to use an additional eight (8) uncovered unreserved parking spaces in the parking area around Building 3 at no charge.
Building 3. Commencing on the Fifteenth Amendment Rent Commencement Date, Tenant shall pay to Landlord Base Rental for the Building 3 Expansion Premises (in addition to its Base Rental obligations for the original Premises), which shall be payable in monthly installments as set forth below: 06/01/18 – 09/30/18 [*] [*]* 10/01/18 – 05/31/19 [*] [*] 06/01/19 – 05/31/20 [*] [*] 06/01/20 – 05/31/21 [*] [*] 06/01/21 – 05/31/22 [*] [*] 06/01/22 – 05/31/23 [*] [*] 06/01/23 – 05/31/24 [*] [*] 06/01/24 – 09/30/24 [*] [*] * Such abatement shall apply solely to payment of the monthly installments of Base Rental and Tenant’s Percentage Share of Operating Expenses, and shall not be applicable to any other charges, expenses or costs payable by Tenant under the Lease. Landlord and Tenant agree that the abatement of Base Rental and Tenant’s Percentage Share of Operating Expenses in this Section is conditional and is made by Landlord in reliance upon Tenant's faithful and continued performance of the terms, conditions and covenants of this Amendment and the Lease and the payment of all monies due Landlord hereunder. In the event that Tenant defaults under the terms and conditions of the Lease or this Amendment beyond any applicable notice and cure period resulting in the loss of Tenant’s right to possess the Total Premises, Landlord shall have a claim for the unamortized portion of all conditionally abated rental (without limitation and in addition to any and all other rights and remedies available to Landlord provided herein or at law and in equity). Except as otherwise expressly set forth herein, Base Rental shall be payable pursuant to the terms and conditions of Article 2 of the Original Lease.
Building 3. Tenant may only exercise its Purchase Option as to Building 3 and the Adjacent Parcel (the “Building 3 Purchase Option”) during the Property Purchase Option Period (the “Building 3 Purchase Option Period”), and only if as of the date of the Notice of Purchase Option under this Section 21.3, Building 3 is constructed or under construction (which shall be deemed to mean that any items of physical preparation for construction have occurred, e.g., grading of the site) during the Property Purchase Option Period. Provided Tenant requests such a determination at least thirty days in advance, Landlord will provide Tenant with copies of any loan documents pertaining to the Property together with estimated calculations of any prepayment penalties or assumption fees relating to any existing loan documents on or before the first day of the forty-first (41st) full month of the Term.