Common use of Assignment Consideration And Excess Rentals Defined Clause in Contracts

Assignment Consideration And Excess Rentals Defined. For purposes of the Article, the term "assignment consideration" shall mean all consideration to be paid by the assignee to Tenant or to any other on Tenant's behalf or for Tenant's benefit as consideration for such assignment, less any commissions paid by Tenant to a licensed real estate broker for arranging such assignment (not to exceed then standard rates), and the term "excess rentals" shall mean all consideration to be paid by the subleases to Tenant or to any other on Tenant's behalf or for Tenant's benefit for the sublease of the Leased Premises in excess of the rent due to Landlord under the terms of this Lease for the same period, less any commissions paid by Tenant to a licensed real estate broker for arranging such sublease (not to exceed then standard rates) and the cost of improvements made to the subleased premises by Tenant at its expense for the purpose of subleasing. Tenant agrees that the portion of any assignment consideration and/or excess rentals arising from any assignment or subletting by Tenant which is to be paid to Landlord pursuant to this Article now is and shall then be the property of Landlord and not the property of Tenant.

Appears in 4 contracts

Samples: Industrial Space Lease (Mattson Technology Inc), Industrial Space Lease (Mattson Technology Inc), Industrial Space Lease (Atroad Inc)

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Assignment Consideration And Excess Rentals Defined. For purposes of the this Article, the term "assignment consideration" shall mean all consideration to be paid by the assignee to Tenant or to any other on Tenant's behalf or for Tenant's benefit as consideration for such assignment, less any commissions paid by Tenant to a licensed real estate broker for arranging such assignment (not to exceed then standard rates) (see attached), and the term "excess rentals" shall mean all consideration to be paid by the subleases sublessee to Tenant or to any other on Tenant's behalf or for Tenant's benefit for the sublease of the Leased Premises in excess of the rent due to Landlord under the terms of this Lease for the same period, less any commissions paid by Tenant to a licensed real estate broker for arranging such sublease (not to exceed then standard rates) and the cost of improvements made to the subleased premises by Tenant at its expense for the purpose of subleasing. (see attached), Tenant agrees that the portion of any assignment consideration and/or excess rentals arising from any and assignment or subletting by Tenant which is to be paid to Landlord pursuant to this Article now is and shall then be the property of Landlord Landlord' and not the property of Tenant.

Appears in 2 contracts

Samples: Industrial Space Lease (Asyst Technologies Inc /Ca/), Industrial Space Lease (Asyst Technologies Inc /Ca/)

Assignment Consideration And Excess Rentals Defined. For purposes of the this Article, the term "assignment consideration" shall mean all consideration to be paid by the assignee to Tenant Lessee or to any other on TenantLessee's behalf or for TenantLessee's benefit as consideration for such assignment, less any commissions paid by Tenant Lessee to a licensed real estate broker for arranging such assignment (not to exceed then standard rates), and the term "excess rentals" shall mean all consideration to be paid by the subleases sublessee to Tenant Lessee or to any other on TenantLessee's behalf or for TenantLessee's benefit for the sublease of the Leased Premises in excess of the rent due to Landlord Lessor under the terms of this Lease for the same period, less any commissions paid by Tenant Lessee to a licensed real estate broker for arranging such sublease (not to exceed then standard rates) and the cost of improvements made to the subleased premises by Tenant at its expense for the purpose of subleasing). Tenant Lessee agrees that the portion of any assignment consideration and/or excess rentals arising from any assignment or subletting by Tenant Lessee which is to be paid to Landlord Lessor pursuant to this Article now is and shall then be the property of Landlord Lessor and not the property of TenantLessee.

Appears in 1 contract

Samples: Standard Industrial/Commercial Single Tenant Lease (Silicon Image Inc)

Assignment Consideration And Excess Rentals Defined. For purposes of the this Article, the term "assignment consideration" shall mean all consideration to be paid by the assignee to Tenant or to any other on Tenant's ’s behalf or for Tenant's ’s benefit as consideration for such assignment, less any commissions paid by Tenant to a licensed real estate broker for arranging such assignment (not to exceed then standard rates), and the term "excess rentals" shall mean 95% of all consideration to be paid by the subleases sublessee to Tenant or to any other on Tenant's ’s behalf or for Tenant's ’s benefit for the sublease of the Leased Premises in excess of the rent due to Landlord under the terms of this Lease for the same period, less any commissions paid by Tenant to a licensed real estate broker for arranging such sublease (not to exceed then standard rates) and the cost of improvements made to the subleased premises by Tenant at its expense for the purpose of subleasing). Tenant agrees that the portion of any assignment consideration and/or excess rentals arising from any assignment or subletting by Tenant which is to be paid to Landlord pursuant to this Article now is and shall then be the property of Landlord and not the property of Tenant.

Appears in 1 contract

Samples: Consent to Sublease (Alphasmart Inc)

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Assignment Consideration And Excess Rentals Defined. For purposes of the Article, the term "assignment considerationConsideration" shall mean all consideration to be paid by the assignee to Tenant or to any other on Tenant's behalf or for Tenant's benefit as consideration for such assignment, less any commissions paid by Tenant to a licensed real estate broker for arranging such such, assignment (not to exceed then standard rates), and the term "excess rentals" shall mean all consideration to be paid by the subleases to Tenant or to any other on Tenant's behalf or for Tenant's benefit for the sublease of the Leased Premises in excess of the rent due to Landlord under the terms of this Lease for the same period, less any commissions paid by Tenant to a licensed real estate broker for arranging such sublease (not to exceed then standard rates) ), and the any unamortized cost of improvements made to the subleased premises by Tenant at its expense Tenant's costs for the purpose of subleasinginterior improvements. Tenant agrees that the portion of any assignment consideration and/or excess rentals arising from any assignment or subletting by Tenant which is to be paid to Landlord pursuant to this Article now is and shall then be the property of Landlord and not the property of Tenant.

Appears in 1 contract

Samples: Industrial Space Lease (Gatefield Corp)

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