Expenses and Profits; Effect of Consent. (1) In the event Landlord permits Tenant to assign or sublet all or a portion of the Premises to a third party, fifty percent (50%) of any sums that are paid by such third party for the right to occupy the Premises, in excess of the Rent then in effect, after Tenant has first deducted its actual and reasonable out-of-pocket third party costs incurred by Tenant in connection with a sublease or assignment for brokerage commissions, advertising fees, attorneys’ fees and tenant improvements, shall be paid by Tenant to Landlord on a monthly basis as Additional Rent.
Expenses and Profits; Effect of Consent. 21.3.1 Landlord’s consent to any proposed Transfer is expressly conditioned upon Xxxxxx’s delivery to Landlord of a copy of the documents effecting the Transfer, which documents shall include a written agreement whereby the transferee expressly assumes Tenant’s obligations hereunder; however, any transferee of less than all of the space in the Premises shall be liable only for obligations under this Lease that are properly allocable to the space subject to the Transfer for the period of the Transfer. Except as agreed to between Landlord (in Landlord’s sole and absolute discretion) and Tenant in writing, no Transfer shall release Tenant or any guarantor of Tenant’s obligations hereunder (a “Guarantor”) from its obligations under this Lease, but rather Tenant, any such Guarantor and the transferee shall be jointly and severally liable therefor. If a Default occurs while the Premises or any part thereof are subject to a Transfer, then Landlord, in addition to its other remedies, may collect directly from such transferee all rents becoming due to Tenant and apply such rents against Rent. Tenant authorizes its transferees to make payments of rent directly to Landlord upon receipt of notice from Landlord to do so following the occurrence of a Tenant Default hereunder. Tenant shall pay for the cost of any demising walls or other improvements necessitated by a proposed subletting or assignment (provided that the foregoing shall not waive any approval right that Landlord may have with respect to such improvements pursuant to another provision of this Lease) . Upon any partial or full subletting or assignment by Tenant in accordance with the terms hereof (except with respect to a Permitted Transfer), any extension or renewal options, expansion options, rights of first offer or refusal and/or exclusive use provisions shall become null and void.
Expenses and Profits; Effect of Consent. (1) In the event Landlord permits Tenant to assign or sublet all or a portion of the Premises to a third party, any sums that are paid by such third party for the right to occupy the Premises, in excess of the Rent then in effect shall be paid by Tenant to Landlord on a monthly basis as Additional Rent.
Expenses and Profits; Effect of Consent. 1. In the event Landlord consents Tenants assignment or subletting of all or a portion of the Demised Premise to a third party, any sums that are paid by such third party for the right to occupy the Demised Premises, in excess of the Rent then in effect shall be paid by Tenant to Landlord on a monthly basis as Additional Rent. 2. Tenant shall be responsible for all costs and expenses, including reasonable attorneys' fees, incurred by Landlord in connection with any proposed or purported assignment or sublease and an administrative fee of One Thousand Dollars ($1,000,00). 3. The consent by Landlord to any assignment or subletting shall neither be construed as a waiver or release of Tenant from any covenant or obligation of Tenant under this Lease, nor as relieving Tenant from giving Landlord the aforesaid thirty (30) days notice of, or from obtaining the consent of Landlord to, any further assignment or subletting. The collection or acceptance of Rent from any such assignee or subtenant shall not constitute a waiver or release of Tenant from any covenant or obligation of Tenant under this Lease, except as expressly agreed by Landlord in writing.
Expenses and Profits; Effect of Consent. (1) With respect to any assignment or sublease which is subject to the approval of Landlord and which is approved by Landlord, Tenant shall pay to Landlord on a monthly basis as Additional Rent fifty percent (50%) of all Net Profits (as hereinafter defined) received by Tenant from such transaction. For purposes hereof, the term “
Expenses and Profits; Effect of Consent. (1) In the event Landlord permits Tenant to assign or sublet all or a portion of the Premises to a third party, fifty percent (50%) of any sums that are paid by such third party for the right to occupy the Premises, in excess of the sum of (i) the Rent then in effect, plus (ii) reasonable costs actually incurred by Tenant in connection with such sublease or assignment for brokerage commissions, advertising fees, attorneys' fees and tenant improvements, plus (iii) the unamortized costs of any Alterations to the Premises paid for solely by Tenant from its own source of funds from time to time (the cost of which shall be allocated pro rata to the portion of the Premises which is the subject of the sublease or assignment) shall be paid by Tenant to Landlord on a monthly basis as Additional Rent.
Expenses and Profits; Effect of Consent. 10.2.1. In the event Landlord, in its sole discretion elects to permit Tenant to assign or sublet all or a portion of the Premises to a third party, fifty percent (50%) of any sums that are paid by such third party for the right to occupy the Premises (net of the reasonable expenses of such assignment or subletting amortized on a straight-line basis, without interest, over the term of the sublease or, in the case of an assignment, over the remainder of the Term), in excess of the Rent then in effect shall be paid by Tenant to Landlord on a monthly basis as Additional Rent.
Expenses and Profits; Effect of Consent. (1) In the event Landlord permits Tenant to assign or sublet all or a portion of the Premises to a third party, fifty percent (50%) of any sums that are paid by such third party for the right to occupy the Premises, in excess of the sum of (i) the Rent then in effect plus (ii) reasonable costs actually incurred by Tenant in connection with such sublease or assignment for brokerage commissions, advertising fees, attorneys' fees and tenant improvements, and the then unamortized costs of any initial Additional Tenant Work and of Tenant's initial buildout of the Premises shall be paid by Tenant to Landlord on a monthly basis as Additional Rent. This Section 23.D.(1) shall not apply to Customer Agreements.
Expenses and Profits; Effect of Consent. (1) In the event Landlord permits Tenant to assign or sublet all or a portion of the Premises to a third party, one-half (1/2) of the profits to Tenant from such assignment or subletting (that is, the sums that are paid by such third party for the right to occupy the Premises, in excess of (i) the Rent then in effect, (ii) all costs and expenses paid by Tenant pursuant to Section 23.D.(2) hereof, and (iii) all other costs and expenses actually incurred by Tenant in connection with such assignment or subletting for brokerage commissions, improvements to the Premises, advertising costs, attorney's fees, tenant allowances, and professional fees), shall be paid by Tenant to Landlord on a monthly basis as Additional Rent.
