Common use of Adjustment to Rental Clause in Contracts

Adjustment to Rental. In the event Tenant assigns its interest in this Lease or sublets the Leased Premises, the Annual Basic Rent set forth in Article 1.13 above, as adjusted, shall be increased effective as of the date of such assignment or subletting by an amount equal to one-half (1/2) of the difference, if any, between the Annual Basic Rent payable pursuant to this Lease, as adjusted, and the rent and other consideration payable by any such assignee or sublessee pursuant to such assignment or sublease. Notwithstanding the foregoing, in no event shall the Annual Basic Rent after any such assignment or subletting be less than the Annual Basic Rent specified in Article 1.13 above, as adjusted.

Appears in 1 contract

Samples: Office Lease (Managed Care Solutions Inc)

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Adjustment to Rental. In the event Tenant assigns its interest in this Lease or sublets the Leased Premises, the Annual Basic Rent set forth in Article 1.13 1.12 above, as adjusted, shall be increased effective as of the date of such assignment or subletting by an amount equal to one-half (1/2) of the difference, if any, between the Annual Basic Rent payable pursuant to this Lease, as adjusted, and the rent and other consideration payable by any such assignee or sublessee pursuant to such assignment or subleasesublease if such assignee or sublessee is paying rent in excess of the Annual Basic Rent as adjusted. Notwithstanding the foregoing, in no event shall the Annual Basic Rent after any such assignment or subletting be less than the Annual Basic Rent specified in Article 1.13 1.12 above, as adjusted.

Appears in 1 contract

Samples: Office Lease (Orthopedic Biosystems LTD Inc)

Adjustment to Rental. In the event Tenant assigns its it interest in this Lease or sublets the Leased Premises, the Annual Basic Rent set forth in Article 1.13 1.12 above, as adjusted, shall be increased effective as of the date of such assignment or subletting by an amount equal to one-half (1/2) of the difference, if any, between the Annual Basic Rent payable pursuant to this Lease, as adjusted, and the rent and other consideration payable by any such assignee or sublessee pursuant to such assignment or subleasesublease if such assignee or sublessee is paying rent in excess of the Annual Basic Rent as adjusted. Notwithstanding the foregoing, in no event shall the Annual Basic Rent after any such assignment or subletting be less than the Annual Basic Rent specified in Article 1.13 1.12 above, as adjusted.

Appears in 1 contract

Samples: Office Lease (Mobility Electronics Inc)

Adjustment to Rental. In the event Tenant assigns its interest in this Lease or sublets Sublets the Leased Premises, the Annual Monthly Basic Rent set forth in Article 1.13 1. 12 above, as adjusted, shall be increased effective as of the date of such assignment or subletting by an amount equal to one-half (1/2) of the difference, if any, between the Annual Basic Rent payable pursuant to this Lease, as adjusted, and the rent and other consideration payable by any such assignee or sublessee pursuant to such assignment or subleasesublease if such assignee or sublessee is paying rent in excess of the Monthly Basic Rent as adjusted. Notwithstanding the foregoing, in no event shall the Annual Monthly Basic Rent after any such assignment or subletting be less than the Annual Monthly Basic Rent specified in Article 1.13 1. 12 above, as adjusted.

Appears in 1 contract

Samples: Industrial Lease (Studio One Media, Inc.)

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Adjustment to Rental. In the event Tenant assigns its interest in this Lease or sublets the Leased Premises, the Annual Basic Rent set forth in Article 1.13 1.12 above, as adjusted, shall be increased effective as of the date of such assignment or subletting by an amount equal to one-half (1/2) of the difference, if any, between the Annual Basic Rent payable pursuant to this Lease, as adjusted, and the rent and other consideration payable by any such assignee or sublessee pursuant to such assignment or sublease. Notwithstanding the foregoing, in no event shall the Annual Basic Rent after any such assignment or subletting be less than the Annual Basic Rent specified in Article 1.13 1.12 above, as adjusted.

Appears in 1 contract

Samples: Office Lease (Pegasus Solutions Inc)

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