Percentage Rent. If a lease for which a commission is payable hereunder contains a percentage rent clause, Client shall pay a commission on the percentage rent payable by the tenant at the commission rate applicable to the period of the lease term for which the percentage rent is payable. This commission shall be payable within fifteen (15) days after receipt of each tenant payment to Client.
Appears in 9 contracts
Samples: Sell Listing Agreement, Sell Listing Agreement, Listing Agreement
Percentage Rent. If a lease for which a commission is payable hereunder contains a percentage rent clause, Client Seller/Landlord shall pay a commission on the percentage rent payable by the tenant Buyer/Tenant at the commission rate applicable to the period of the lease term for which the percentage rent is payable. This commission shall be payable within fifteen (15) days after receipt of each tenant payment to ClientBuyer/Tenant payment.
Appears in 3 contracts
Samples: Listing Agreement (Yager Kuester Public Fund 1986 Limited Partnership), Listing Agreement (Yager Kuester Public Fund 1986 Limited Partnership), Listing Agreement (Yager Kuester Public Fund 1986 Limited Partnership)
