EXCESS SUBLEASE RENTAL OR ASSIGNMENT CONSIDERATION Sample Clauses

EXCESS SUBLEASE RENTAL OR ASSIGNMENT CONSIDERATION. In the event of any sublease or assignment of all or any portion of the Premises where the rent or other consideration provided for in the sublease or assignment either initially or over the term of the sublease or assignment exceeds the Rent or pro rata portion of the Rent, as the case may be, for such space reserved in the Lease, Tenant shall pay the Landlord monthly, as Additional Rent, at the same time as the monthly installments of Rent are payable hereunder, seventy-five percent (75%) of the excess of each such payment of rent or other consideration in excess of the Rent called for hereunder.
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
EXCESS SUBLEASE RENTAL OR ASSIGNMENT CONSIDERATION. In the event of any sublease or assignment of all or any portion of the Premises where the rent or other consideration provided for in the sublease or assignment either initially or over the term of the sublease or assignment exceeds the Rent or pro rata portion of the Rent, as the case may be, for such space reserved in the Lease, Tenant shall pay the Landlord monthly, as Additional Rent, within five (5) days after the date that the monthly installments of Rent are payable hereunder, fifty percent (50%) of the excess of each such payment of rent or other consideration in excess of the Rent called for hereunder after first deducting any attorneys’ fees and brokerage commissions Tenant incurs and actually pays as a part of the transaction.
Sample 1
EXCESS SUBLEASE RENTAL OR ASSIGNMENT CONSIDERATION. Notwithstanding anything to the contrary contained herein, the provisions of this Section 15.2 are subject to the provisions of Section 15.1 above and in the event of any conflict between such provisions, the terms and provisions of Section 15.1 hereof shall control and prevail. During the initial term of this Lease only, in the event of any sublease or assignment of all or any portion of the Premises to a party other than a Related Entity, which sublease or assignment only relates to the initial term of this Lease and is expressly
Sample 1
EXCESS SUBLEASE RENTAL OR ASSIGNMENT CONSIDERATION. If for any sublease or assignment, Tenant receives rent or other consideration (to include cash payment for assignment, etc.), either initially or over the term of the sublease or assignment, in excess of the Rent called for hereunder, or in the case of the sublease of a portion of the Demised Premises, in excess of such Rent fairly allocable to such portion, after appropriate adjustments to assure that all other payments called for hereunder are appropriately taken into account, Tenant shall pay to Landlord, as Additional Rent hereunder, the excess of such payment of rent or other consideration received by Tenant promptly after its receipt.
Sample 1
EXCESS SUBLEASE RENTAL OR ASSIGNMENT CONSIDERATION. Notwithstanding anything to the contrary contained herein, the provisions of this Section 15.2 are subject to the provisions of Section 15.1 above and in the event of any conflict between such provisions, the terms and provisions of Section 15.1 hereof shall control and prevail. During the initial term of this Lease only, in the event of any sublease or assignment of all or any portion of the Premises to a party other than a Related Entity, which sublease or assignment only relates to the initial term of this Lease and is expressly approved by Landlord, and where the rent or other consideration provided for in the sublease or assignment either initially or over the term of the sublease or assignment exceeds the Rent or pro rata portion of the Rent, as the case may be, for such space reserved in the Lease, Tenant shall pay the Landlord monthly, as Additional Rent, at the same time as the monthly installments of Rent are payable hereunder, fifty percent (50%) of the excess of each such payment of rent or other consideration in excess of the Rent called for hereunder, after deduction of the actual brokerage commission (if any) paid by Tenant in connection with such proposed sublease or assignment. During any renewal or option terms of this Lease, in the event of any sublease or assignment of all or any portion of the Premises to a party other than a Related Entity, which sublease or assignment relates to such renewal or option term of this Lease and is expressly
Sample 1
EXCESS SUBLEASE RENTAL OR ASSIGNMENT CONSIDERATION. If, after the first two years of the term hereof for any sublease or assignment, Tenant receives rent or other consideration, either initially or over the term of the sublease or assignment, in excess of the Monthly Rent called for hereunder, or in case of the sublease of a portion of the Premises, in excess of such Monthly Rent fairly allocable to such portion, promptly following its receipt thereof, Tenant shall pay to Landlord, as Additional Rent hereunder, seventy-five percent (75%) of the excess of each such payment of rent or other consideration in excess of the Monthly Rent called for hereunder.
Sample 1
EXCESS SUBLEASE RENTAL OR ASSIGNMENT CONSIDERATION. Subject to the provisions of Sections 15.2 and 15.3 hereof, in the event of any sublease or assignment of more than thirty-five percent (35%) of the Premises (in the aggregate) to an entity which is not a Related Entity where the rent or other consideration provided for or with respect to the sublease(s) or assignment(s) either initially or over the term of the sublease(s) or assignment(s) exceeds the Rent or pro rata portion of the Rent, as the case may be, for such space(s) reserved in the Lease, Tenant shall pay the Landlord monthly, as Additional Rent, at the same time as the monthly installments of Rent are payable hereunder, fifty percent (50%) of the excess of each such payment of rent or other consideration in excess of the Rent called for hereunder after deducting Tenant's actual but reasonable costs of subletting, including, but not limited to, advertising and then customary brokerage commissions and tenant improvement costs incurred with respect to such sublease(s) or assignment(s) (the "Bonus Rent").
Sample 1
AutoNDA by SimpleDocs
EXCESS SUBLEASE RENTAL OR ASSIGNMENT CONSIDERATION. If for any sublease or assignment, Tenant receives rent or other consideration either initially or over the term of the sublease or assignment, in excess of (i) the Monthly Rent called for hereunder, plus (ii) Tenant's direct out-of-pocket costs which Tenant certifies to Landlord to have been incurred in providing occupancy-related services to any such subtenant of a nature commonly provided by landlords of similar space (or in case of the sublease of a portion of the Premises, in excess of such Monthly Rent fairly allocable to such portion), then promptly following its receipt thereof, Tenant shall pay to Landlord as Additional Rent hereunder, fifty percent (50%) of such excess as and when received. By initialling these provisions, Landlord and Tenant acknowledge and agree that the provisions of this Paragraph are agreed to after negotiation: /s/ RW /s/ DAVIX X. XXXVER --------------------------- ---------------------------------- LANDLORD TENANT
Sample 1

Related to EXCESS SUBLEASE RENTAL OR ASSIGNMENT CONSIDERATION

  • Assignment; Sublease TRANSFER, LIEN Lessee shall not sublicense any part of the Premises, or assign, transfer or encumber in any manner this Lease Agreement or any right, privilege, license or interest conferred hereby. Paramount may assign or otherwise transfer this Lease Agreement or any portion hereof from time to time, and such transfer shall bind and inure to the benefit of its successors and assigns. It is agreed that Paramount is contracting the technical skills and expertise of the management and employees of Lessee and any significant change in ownership or management of Lessee shall require the consent of Paramount as if such change constituted an assignment of this Lease Agreement. Neither this Lease Agreement, nor any right, privilege, license or interest conferred hereby shall be transferable by operation of law, by reason of any bankruptcy, bankruptcy act, insolvency, receivership proceedings, attachment, execution, other judicial process or sale by or against Lessee, whether any of the same be voluntary or involuntary or judicial proceedings. Lessee shall not permit any lien to be imposed upon the Premises or upon any structures or improvements thereon. In the event a lien is imposed, Lessee shall cause it to be discharged promptly. Lessee shall indemnify Paramount for any loss, expense or cost incurred by it in connection with any such lien. Paramount retains the right to create, or permit mortgages, trust deeds, or other encumbrances to be imposed against and upon the Premises, any improvements thereon or interests therein, except against property owned by Lessee, which encumbrances, including principal, interest and costs and expenses in connection therewith, shall be prior to and superior to the interest of Lessee hereunder, and Lessee hereby agrees that this Lease Agreement is subject and subordinate to any such mortgage, trust deed or other encumbrance.

  • Assignment, Subleasing The LESSEE shall not assign or sublet the whole or any part of the leased premises without LESSOR's prior written consent. Notwithstanding such consent, LESSEE shall remain liable to LESSOR for the payment of all rent and for the full performance of the covenants and conditions of this lease.

  • New Lease The Ground Lease requires the ground lessor to enter into a new lease with Lender upon termination of the Ground Lease for any reason, including rejection of the Ground Lease in a bankruptcy proceeding.

  • Assignment or Sublease 17.1 Tenant shall neither voluntarily, nor by operation of law, assign, transfer, mortgage, pledge, hypothecate or encumber this Lease or any interest therein, and shall not sublet the said Demised Premises or any part thereof, or any right or privilege appurtenant thereto, or allow any other person (the employees, agents, servants and invitees of Tenant excepted) to occupy or use the said Demised Premises, or any portion thereof, without first obtaining the written consent of Landlord. A consent to one assignment, subletting, occupation or use by any other person shall not be deemed to be a consent to any subsequent assignment, subletting, occupation or use by another person. Consent to any such assignment or subletting shall in no way relieve Tenant of any liability under this Lease. Any such assignment or subletting without such consent shall be void, and shall, at the option of the Landlord, constitute a default under the terms of this Lease. Landlord shall not be obligated to consider and respond to any request for consent under this paragraph unless such request is in writing, contains a full explanation of the proposal and provides sufficient information about the financial standing and experience of the proposed assignee or subtenant for Landlord to make an informed judgment. Tenant acknowledges that its sole remedy with respect to any assertion that Landlord’s failure to timely consent to any assignment or sublet is unreasonable shall be the remedy of specific performance and Tenant shall have no damage claim or further claim of any nature or cause of action against Landlord as a result of Landlord’s actions in refusing to timely consent, except a claim for legal fees and costs as provided in Section 51.1 below. In the event of any approved assignment or sublease, all rents or other payments received by Tenant in excess of the payments due from Tenant to Landlord pursuant to this Lease may be retained by Tenant. On demand, any assignee or subtenant shall make payments directly to Landlord without, however, creating a direct Landlord-Tenant relation between them or releasing Tenant under this Lease. Landlord shall not unreasonably withhold or delay consent to an assignment or sublease, providing that Landlord determines in its reasonable discretion that such sublease or assignment does not lessen Landlord’s security, that the use of the Demised Premises will remain as the Permitted Use; that the proposed assignee or sublessee is financially responsible and is sufficiently experienced to operate the business from the Demised Premises successfully and in a manner which shall not detract from the value of the Demised Premises, that the proposed transaction does not present any environmental concerns.

  • No Release of Tenant, Sharing of Excess Rents Notwithstanding any assignment or subletting, Tenant and any guarantor or surety of Tenant’s obligations under this Lease shall at all times remain fully and primarily responsible and liable for the payment of Rent and for compliance with all of Tenant’s other obligations under this Lease. If the Rent due and payable by a sublessee or assignee (or a combination of the rental payable under such sublease or assignment plus any bonus or other consideration therefor or incident thereto in any form) exceeds the sum of the rental payable under this Lease, (excluding however, any Rent payable under this Section) and actual and reasonable brokerage fees, legal costs and any design or construction fees directly related to and required pursuant to the terms of any such sublease) (“Excess Rent”), then Tenant shall be bound and obligated to pay Landlord as Additional Rent hereunder 50% of such Excess Rent within 10 days following receipt thereof by Tenant. If Tenant shall sublet the Premises or any part thereof, Tenant hereby immediately and irrevocably assigns to Landlord, as security for Tenant’s obligations under this Lease, all rent from any such subletting, and Landlord as assignee and as attorney-in-fact for Tenant, or a receiver for Tenant appointed on Landlord’s application, may collect such rent and apply it toward Tenant’s obligations under this Lease; except that, until the occurrence of a Default, Tenant shall have the right to collect such rent.

  • Sublease Agreement Sublandlord and Subtenant hereby represent that a true and complete copy of the Sublease Agreement is attached hereto and made a part hereof as Exhibit A.

  • Estoppel Certificate or Subordination Agreement Tenant fails to execute any document required from Tenant under Sections 23 or 27 within 5 days after a second notice requesting such document.

  • Sublease and Assignment Tenant shall have the right without Landlord's consent, to assign this Lease to a corporation with which Tenant may merge or consolidate, to any subsidiary of Tenant, to any corporation under common control with Tenant, or to a purchaser of substantially all of Tenant's assets. Except as set forth above, Tenant shall not sublease all or any part of the Leased Premises, or assign this Lease in whole or in part without Landlord's consent, such consent not to be unreasonably withheld or delayed.

  • Assignment of Sublease Any approved sublease will be assigned to LESSOR as security. LESSEE will deliver the original counterpart of the sublease to LESSOR and make any filings necessary to protect LESSOR's security interest.

  • Lease Assignment To the best of Seller's knowledge, the ------------------ Tenant has not assigned its interest in the Lease or sublet any portion of the premises leased to the Tenant under the Lease.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!