Common use of Excess Rental Clause in Contracts

Excess Rental. If in connection with any assignment, sublease or license, Lessee receives rent or other monetary consideration, either initially or over the term of the assignment or sublease, in excess of the Rent called for hereunder, or in case of the sublease of a portion of the Premises, in excess of such Rent fairly allocable to such portion, after appropriate adjustments to assure that all other payments called for hereunder and out-of-pocket expenditures, operating costs or concessions incurred by Lessee in connection with such assignment, sublease or license, are appropriately taken into account, Lessee shall pay to the Port, as Additional Rent hereunder, seventy-five percent (75%) of the excess of each such payment of rent or other consideration received by Lessee after its receipt.

Appears in 7 contracts

Samples: Terminal Lease Agreement, Terminal Lease Agreement, Lease Agreement

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Excess Rental. If in connection with any assignment, sublease or license, Lessee Xxxxxx receives rent or other monetary consideration, either initially or over the term of the assignment or sublease, in excess of the Rent called for hereunder, or in case of the sublease of a portion of the Premises, in excess of such Rent fairly allocable to such portion, after appropriate adjustments to assure that all other payments called for hereunder and out-of-pocket expenditures, operating costs or concessions incurred by Lessee in connection with such assignment, sublease or license, are appropriately taken into account, Lessee shall pay to the Port, as Additional Rent hereunder, seventy-five percent (75%) of the excess of each such payment of rent or other consideration received by Lessee after its receipt.

Appears in 4 contracts

Samples: Terminal Lease Agreement, Lease Agreement, Lease Agreement

Excess Rental. If in connection with any assignment, sublease or license, Lessee receives rent or other monetary considerationrent, either initially or over the term of the assignment or sublease, in excess of the Rent called for hereunder, or in case of the sublease of a portion of the Premises, in excess of such Rent fairly allocable to such portion, after appropriate adjustments to assure that all other payments called for hereunder and out-of-pocket expenditures, operating costs or concessions incurred by Lessee in connection with such assignment, sublease or license, are appropriately taken into account, Lessee shall pay to the Port, as Additional Rent hereunder, seventy-five fifty percent (7550%) of the excess of each such payment of rent or other consideration received by Lessee after its receipt.

Appears in 1 contract

Samples: Lease Agreement

Excess Rental. If in connection with any assignment, sublease Sublease or license, Lessee receives rent or other monetary consideration, either initially or over the term of the assignment or subleaseSublease, in excess of the Rent called for hereunder, or in case of the sublease Sublease of a portion of the PremisesProperty, in excess of such Rent fairly allocable to such portion, after appropriate adjustments to assure that all other payments called for hereunder and out-of-pocket expenditures, operating costs or concessions incurred by Lessee in connection with such assignment, sublease Sublease or license, are appropriately taken into account, Lessee shall pay to the Port, as Additional Rent hereunder, seventy-five percent (75%) of the excess of each such payment of rent or other consideration received by Lessee after its receipt.. 4/4/2017

Appears in 1 contract

Samples: Lease Agreement

Excess Rental. If in connection with any assignment, sublease or license, Lessee receives rent or other monetary consideration, either initially or over the term of the assignment or sublease, in excess of the Rent called for hereunder, or in case of the sublease of a portion of the Premises, in excess of such Rent fairly allocable to such portion, after appropriate adjustments to assure that all other payments called for hereunder and out-of-pocket expenditures, operating costs or concessions incurred by Lessee in connection with such assignment, sublease or license, are appropriately taken into account, Lessee shall pay to the Port, as Additional Rent hereunder, seventy-five seventyfifty[tht23]-five percent (757550%) of the excess of each such payment of excess rent or other consideration received by Lessee after its receipt.

Appears in 1 contract

Samples: Lease Agreement

Excess Rental. If in connection with any assignment, sublease or license, Lessee Xxxxxx receives rent or other monetary consideration, either initially or over the term of the assignment or sublease, in excess of the Rent called for hereunder, or in case of the sublease of a portion of the Premises, in excess of such Rent fairly allocable to such portion, after appropriate adjustments to assure that all other payments called for hereunder and out-of-pocket expenditures, operating costs or concessions incurred by Lessee in connection with such assignment, sublease or license, are appropriately taken into account, Lessee shall pay to the Port, as Additional Rent hereunder, seventy-five percent (75%) of the excess of each such payment of rent or other consideration received by Lessee Xxxxxx after its receipt.

Appears in 1 contract

Samples: Lease Agreement

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Excess Rental. If in connection with any assignment, sublease or license, Lessee Tenant receives rent or other monetary consideration, either initially or over the term of the assignment or sublease, in excess of the Rent called for hereunder, or in case of the sublease of a portion of the Premises, in excess of such Rent fairly allocable to such portion, after appropriate adjustments to assure that all other payments called for hereunder and out-of-pocket expenditures, operating costs or concessions incurred by Lessee Tenant in connection with such assignment, sublease or license, are appropriately taken into account, Lessee Tenant shall pay to the Port, as Additional Rent hereunder, seventy-five Port fifty percent (7550%) of the excess of each such payment of rent or other consideration received by Lessee Tenant after its receipt.

Appears in 1 contract

Samples: Facility Lease Agreement

Excess Rental. If in connection with any assignment, sublease or license, Lessee receives rent or other monetary consideration, either initially or over the term of the assignment or sublease, in excess of the Rent called for hereunder, or in case of the sublease of a portion of the Premises, in excess of such Rent fairly allocable to such portion, after appropriate adjustments to assure that all other payments called for hereunder and out-of-pocket expenditures, operating costs or concessions incurred by Lessee in connection with such assignment, sublease or license, are appropriately taken into account, Lessee shall pay to the Port, as Additional Rent hereunder, seventy-five fifty percent (7550%) of the excess of each such payment of rent or other consideration received by Lessee after its receipt. The provisions of this Section do not apply to Lessee’s sublessee referenced in Section 13.4 of this Lease.

Appears in 1 contract

Samples: Lease Agreement

Excess Rental. If in connection with any assignment, sublease or license, Lessee receives rent or other monetary consideration, either initially or over the term of the assignment or sublease, in excess of the Rent called for hereunder, or in case of the sublease of a portion of the Premises, in excess of such Rent fairly allocable to such portion, after appropriate adjustments to assure that all other payments called for hereunder and out-of-pocket expenditures, operating costs or concessions incurred by Lessee in connection with such assignment, sublease or license, are appropriately taken into account, Lessee shall pay to the Port, as Additional Rent hereunder, seventy-five fifty percent (7550%) of the excess of each such payment of rent or other consideration received by Lessee after its receipt.

Appears in 1 contract

Samples: Lease Agreement

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