Fixed Annual Rent. for the First Offer Space shall commence as of the First Offer Commencement Date and shall be calculated at a rate which is the fixed annual rent on a fair market rental value basis for the First Offer Space based upon the criteria set forth in Subsection (5) of this Section 56.05 determined as of the day immediately preceding the First Offer Commencement Date (the “First Offer FMRV”); and
Appears in 2 contracts
Sources: Lease Agreement (Schrodinger, Inc.), Lease Agreement (Schrodinger, Inc.)