DYAX » Topics » Obligation under leasehold improvement arrangements:

These excerpts taken from the DYAX 10-K filed Mar 4, 2009.

Obligation under leasehold improvement arrangements:

        In 2001, the Company entered into an agreement to initially lease approximately 67,000 square feet of laboratory and office space in Cambridge, Massachusetts. Under the terms of the agreement, the landlord loaned the Company approximately $2.4 million to be used towards the cost of leasehold improvements. The loan bears interest at a rate of 12.00% and is payable in 98 equal monthly installments through February 2012. As of December 31, 2008, and 2007, there was $1.1 million and $1.4 million outstanding under the loan, which is included in long-term obligations on the Company's consolidated balance sheets.

Obligation under leasehold improvement arrangements:



        In 2001, the Company entered into an agreement to initially lease approximately 67,000 square feet of laboratory and office space in
Cambridge, Massachusetts. Under the terms of the agreement, the landlord loaned the Company approximately $2.4 million to be used towards the cost of leasehold improvements. The loan bears
interest at a rate of 12.00% and is payable in 98 equal monthly installments through February 2012. As of December 31, 2008, and 2007, there was $1.1 million and $1.4 million
outstanding under the loan, which is included in long-term obligations on the Company's consolidated balance sheets.



Obligation under leasehold improvement arrangements:



        In 2001, the Company entered into an agreement to initially lease approximately 67,000 square feet of laboratory and office space in
Cambridge, Massachusetts. Under the terms of the agreement, the landlord loaned the Company approximately $2.4 million to be used towards the cost of leasehold improvements. The loan bears
interest at a rate of 12.00% and is payable in 98 equal monthly installments through February 2012. As of December 31, 2008, and 2007, there was $1.1 million and $1.4 million
outstanding under the loan, which is included in long-term obligations on the Company's consolidated balance sheets.



These excerpts taken from the DYAX 10-K filed Feb 29, 2008.

Obligation under leasehold improvement arrangements:

        In June 2001, the Company entered into an agreement to initially lease approximately 67,000 square feet of laboratory and office space in Cambridge, Massachusetts. Under the terms of the agreement, the landlord loaned the Company approximately $2.4 million to be used towards the cost of leasehold improvements. The loan bears interest at a rate of 12.00% and is payable in 98 equal monthly installments through February 2012. As of December 31, 2007, and 2006, there was $1.4 million and $1.6 million outstanding under the loan, which is included in long-term obligations on the Company's consolidated balance sheets.

        Minimum future payments under the Company's long-term obligations as of December 31, 2007 are as follows:

 
  (In thousands)
 
2008   $ 7,355  
2009     6,177  
2010     12,977  
2011     13,902  
2012     13,504  
Thereafter     14,448  
   
 
Total future minimum payments     68,363  
Less: amount representing interest     36,865  
   
 
Present value of future minimum payments     31,498  
Less: current portion     (1,482 )
   
 
Long-term obligations   $ 30,016  
   
 

Obligation under leasehold improvement arrangements:



        In June 2001, the Company entered into an agreement to initially lease approximately 67,000 square feet of laboratory and office space in Cambridge,
Massachusetts. Under the terms of the agreement, the landlord loaned the Company approximately $2.4 million to be used towards the cost of leasehold improvements. The loan bears interest at a
rate of 12.00% and is payable in 98 equal monthly installments through February 2012. As of December 31, 2007, and 2006, there was $1.4 million and $1.6 million outstanding under
the loan, which is included in long-term obligations on the Company's consolidated balance sheets.



        Minimum
future payments under the Company's long-term obligations as of December 31, 2007 are as follows:
















































































































 
 (In thousands)
 
2008 $7,355 
2009  6,177 
2010  12,977 
2011  13,902 
2012  13,504 
Thereafter  14,448 
  
 
Total future minimum payments  68,363 
Less: amount representing interest  36,865 
  
 
Present value of future minimum payments  31,498 
Less: current portion  (1,482)
  
 
Long-term obligations $30,016 
  
 




This excerpt taken from the DYAX 10-K filed Mar 13, 2007.

Obligation under leasehold improvement arrangements:

In June 2001, the Company entered into an agreement to initially lease approximately 67,000 square feet of laboratory and office space in Cambridge, Massachusetts. Under the terms of the agreement, the landlord loaned the Company approximately $2.4 million to be used towards the cost of leasehold improvements. The loan bears interest at a rate of 12.00% and is payable in 98 equal monthly installments through February 2012. As of December 31, 2006, and 2005, there was $1.6 million and $1.8 million outstanding under the loan, which is included in long-term obligations on the Company’s consolidated balance sheets.

Minimum future payments under the Company’s long-term obligations as of December 31, 2006 are as follows:

 

 

(In thousands)

 

2007

 

 

$

7,228

 

 

2008

 

 

8,266

 

 

2009

 

 

6,243

 

 

2010

 

 

11,232

 

 

2011

 

 

11,584

 

 

Thereafter

 

 

71,761

 

 

Total future minimum payments

 

 

116,314

 

 

Less: amount representing interest

 

 

81,486

 

 

Present value of future minimum payments

 

 

34,828

 

 

Less: current portion

 

 

(1,618

)

 

Long-term obligations

 

 

$

33,210

 

 

 

63




Dyax Corp. and Subsidiaries
Notes to Consolidated Financial Statements (Continued)

This excerpt taken from the DYAX 10-K filed Mar 3, 2006.

Obligation under leasehold improvement arrangements:

In June 2001, the Company entered into an agreement to initially lease approximately 67,000 square feet of laboratory and office space in Cambridge, Massachusetts. Under the terms of the agreement, the landlord loaned the Company approximately $2.4 million to be used towards the cost of leasehold improvements. The loan bears interest at a rate of 12.00% and is payable in 98 equal monthly installments through February 2012. As of December 31, 2005, and 2004, there was $1.8 million and $2.0 million outstanding under the loan, which is included in long-term obligations on the Company’s consolidated balance sheets.

Minimum future payments under the Company’s long-term obligations as of December 31, 2005 are as follows:

 

 

(In thousands)

 

2006

 

 

$

2,139

 

 

2007

 

 

1,360

 

 

2008

 

 

774

 

 

2009

 

 

423

 

 

2010

 

 

413

 

 

Thereafter

 

 

481

 

 

Total future minimum payments

 

 

5,590

 

 

Less: amount representing interest

 

 

1,001

 

 

Present value of future minimum payments

 

 

4,589

 

 

Less: current portion

 

 

1,770

 

 

Long-term obligations

 

 

$

2,819

 

 

 

This excerpt taken from the DYAX 10-K filed Mar 1, 2005.

Obligation under leasehold improvement arrangements:

In June 2001, the Company entered into an agreement to initially lease approximately 67,000 square feet of laboratory and office space in Cambridge, Massachusetts. Under the terms of the agreement, the landlord loaned the Company approximately $2.4 million to be used towards the cost of leasehold improvements. The loan bears interest at a rate of 12.00% and is payable in 98 equal monthly installments through February 2012. As of December 31, 2004, and 2003, there was $2.0 million and $2.1 million outstanding under the loan, which is included in long-term obligations on the Company’s consolidated balance sheets.

Minimum future payments under the Company’s long-term obligations as of December 31, 2004 are as follows:

 

 

(In thousands)

 

2005

 

 

$

2,254

 

 

2006

 

 

1,749

 

 

2007

 

 

939

 

 

2008

 

 

478

 

 

2009

 

 

425

 

 

Thereafter

 

 

929

 

 

Total future minimum payments

 

 

6,774

 

 

Less: amount representing interest

 

 

(1,292

)

 

Present value of future minimum payments

 

 

5,482

 

 

Less: current portion

 

 

(1,837

)

 

Long-term obligations

 

 

$

3,645

 

 

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki