ASSIGNMENT OR SUBLET ADDITIONAL PROCEEDS Sample Clauses

ASSIGNMENT OR SUBLET ADDITIONAL PROCEEDS. In the event that Subtenant assigns or subleases the Sublet Premises, subject to any and all requirements for consent by Landlord and Tenant pursuant to the Lease and Sublease, Landlord, Tenant and Subtenant agree that (a) any proceeds in excess of the rent to be paid by Subtenant to Tenant pursuant to the Sublease shall be paid by Subtenant to Tenant pursuant to the Lease and (b) in the event that Tenant receives proceeds therefrom (including the rent to be paid to Tenant pursuant to the Sublease) in excess of the rents payable by Tenant to Landlord pursuant to the Lease for such Sublet Premises, Tenant shall pay over to Landlord fifty percent (50%) of such excess rents as and when collected.