Common use of Expenses and Profits; Effect of Consent Clause in Contracts

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.

Appears in 2 contracts

Samples: Office Lease (Cellular Biomedicine Group, Inc.), Office Lease (Cellular Biomedicine Group, Inc.)

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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, after Tenant has first deducted its actual and effect plus (ii) all reasonable out-of-pocket third party costs expenses actually incurred by Tenant in connection with a sublease or assignment for brokerage commissions, advertising attorney’s fees, attorneys’ fees advertising costs and tenant improvements, improvements in connection with such subletting or assignment shall be paid by Tenant to Landlord on a monthly basis as Additional Rent.

Appears in 1 contract

Samples: Lease (Learning Tree International Inc)

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, effect shall be paid by Tenant to Landlord on a monthly basis as Additional Rent.

Appears in 1 contract

Samples: Office Lease (Global Secure Corp.)

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 such sums that are paid by such third party for the right to occupy the Premises, Premises in excess of the Rent sum of (i) the rent then in effect, after Tenant has first deducted its actual and effect plus (ii) reasonable out-of-pocket third party costs actually incurred by Tenant in connection with a such 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.

Appears in 1 contract

Samples: Office Lease (Sucampo Pharmaceuticals, Inc.)

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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 (i) the Rent then in effect, after Tenant has first deducted its actual and (ii) all reasonable out-of-pocket third party costs expenses actually incurred by Tenant in connection with a sublease or assignment for brokerage commissions, advertising attorneys’ fees, attorneys’ fees advertising and tenant improvementsmarketing expenses and improvement allowances in connection with such subletting or assignment, shall be paid by Tenant to Landlord on a monthly basis as Additional Rent.

Appears in 1 contract

Samples: MCG Capital Corp

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