Common use of Excess of Consideration Clause in Contracts

Excess of Consideration. If the value of the consideration to be received by Tenant for such assignment or sublease (after deducting leasing commissions, the unamortized part of Tenant’s contribution to tenant improvements, if any, and any other reasonable out-of-pocket expenses of Tenant incurred in connection with such subleasing or assignment of the Premises) will exceed the sum of the Monthly Rent and the Additional Rent, or prorated portion thereof, as the case may be, Tenant shall pay to Landlord, as Additional Rent, ______ percent (___%) of the excess of the consideration paid in connection with or pursuant to the assignment or sublease, over the sum of the Monthly Rent and the Additional Rent then due applicable to the assigned or subleased space.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

AutoNDA by SimpleDocs

Excess of Consideration. If the value of the consideration to be received by Tenant for such assignment or sublease (after deducting leasing commissions, rental paid during any period in which Premises were vacant, the unamortized part of Tenant’s 's contribution to tenant improvements, if any, and any other reasonable out-of-pocket expenses of Tenant incurred in connection with such subleasing or assignment of the Premises) will exceed the sum of the Monthly Rent and the Additional Rentadditional rent, or prorated portion thereof, thereof as the case may be, Tenant shall pay to Landlord, as Additional additional Monthly Rent, ______ one hundred percent (___100%) of the excess of the consideration paid in connection with or pursuant to the assignment or subleaseassignment, over the sum of the Monthly Rent and the Additional additional Rent then due applicable to the assigned or subleased space.

Appears in 2 contracts

Samples: Startup Lab Lease Agreement, Lease Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.