Common use of Leasing Agent Clause in Contracts

Leasing Agent. (A) In consideration of the Leasing Agent's services in procuring this Lease, Landlord covenants with and for the benefit of the Leasing Agent as follows: The Leasing Agent is to receive a commission of ten percent (10%) of --- --- the Rent during the original term and all renewals, extensions or expansions thereof or any new Lease of the Leased Premises between any person and "Tenant, its successors or assigns" (such phrase used herein to include such entity in which Tenant, its successors or assigns may have an interest as a stockholder, partner, lender of money or otherwise); and no sale, transfer, assignment, cancellation or release, including a sale or conveyance to Tenant, its successors or assigns, shall affect the Leasing Agent's right to such commission which is hereby made a lien on the Leased Premises and all equipment thereon, if any. The Leasing Agent shall have the right to collect all rents due hereunder so that its commission may be paid in installments as the rent is received, and retained by the Leasing Agent before remitting the rent (less commissions) to Landlord, but if any act be done to deprive the Leasing Agent of its right to collect the rent, then the whole amount of its commission then unpaid shall, at the Leasing Agent's option, immediately become due and payable. (B) Landlord further covenants with and for the benefit of the Leasing Agent that if Tenant, its successors or assigns shall at any time during the original term and all renewals or extensions thereof (or during any new Lease of the Leased Premises between any person and Tenant, its successors or assigns), purchase the Leased Premises, the Leasing Agent shall receive on the date of the Leased Premises are transferred a commission of ten percent (10%) of the gross --- --- amount of the purchase price. (C) Such a sales commission shall be in addition to the rental commissions provided for in the immediately preceding paragraph up to the transfer of said property and is hereby made a lien on the Leased Premises. (D) In connection with all acts done or suffered by the Leasing Agent for Landlord concerning the Leased Premises, Landlord further agrees to indemnify and save the Leasing Agent harmless from all fines, judgments, suits, claims, demands and actions of any KIND (including any costs and attorney's fees), and from liability suffered by an employee or contractor (not in the permanent employ of the Leasing Agent) engaged by the Leasing Agent for the benefit of Landlord.

Appears in 3 contracts

Samples: Lease Agreement (Genesis Financial Group Inc \Va\), Lease Agreement (Genesis Financial Group Inc \Va\), Lease Agreement (Genesis Financial Group Inc \Va\)

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Leasing Agent. (A) In consideration of the Leasing Agent's services in procuring this Lease, Landlord covenants with and for the benefit of the Leasing Agent as follows: The Leasing Agent is to receive a commission of ten percent (10%) of --- --- the Rent during the original term and all renewals, extensions or expansions thereof or any new Lease of the Leased Premises between any person and "Tenant, its successors or assigns" (such phrase used herein to include such entity in which Tenant, its successors or assigns may have an interest as a stockholder, partner, lender of money or otherwise); and no sale, transfer, assignment, cancellation or release, including a sale or conveyance to Tenant, its successors or assigns, shall affect the Leasing Agent's right to such commission which is hereby made a lien on the Leased Premises and all Landlord equipment thereon, if any. The Leasing Agent shall have the right to collect all rents due hereunder so that its commission may be paid in installments as the rent is received, and retained by the Leasing Agent before remitting the rent (less commissions) to Landlord, but if any act be done to deprive the Leasing Agent of its right to collect the rent, then the whole amount of its commission then unpaid shall, at the Leasing Agent's option, immediately become due and payable. (B) Landlord further covenants with and for the benefit of the Leasing Agent that if Tenant, its successors or assigns shall at any time during the original term and all renewals or extensions thereof (or during any new Lease of the Leased Premises between any person and Tenant, its successors or assigns), purchase the Leased Premises, the Leasing Agent shall receive on the date of the Leased Premises are transferred a commission of ten percent (10%) of the gross --- --- amount of the purchase price. (C) Such a sales commission shall be in addition to the rental commissions provided for in the immediately preceding paragraph up to the transfer of said property and is hereby made a lien on the Leased Premises. (D) In connection with all acts done or suffered by the Leasing Agent for Landlord concerning the Leased Premises, Landlord further agrees to indemnify and save the Leasing Agent harmless from all fines, judgments, suits, claims, demands and actions of any KIND (including any costs and attorney's fees), and from liability suffered by an employee or contractor (not in the permanent employ of the Leasing Agent) engaged by the Leasing Agent for the benefit of Landlord.

Appears in 1 contract

Samples: Lease Agreement (Access Integrated Technologies Inc)

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Leasing Agent. (A) In consideration of the Leasing Agent's services in procuring this Lease, Landlord covenants with and for the benefit of the Leasing Agent as follows: The Leasing Agent is to receive a commission of ten six percent (10( 6 %) of --- --- the Base Rent during the original term and all renewals, extensions or expansions thereof or any new Lease of the Leased Premises between any person and "Tenant, its successors or assigns" (such phrase used herein to include such entity in which Tenant, its successors or assigns may have an interest as a stockholder, partner, lender of money or otherwise); and no sale, transfer, assignment, cancellation or release, including excluding a sale or conveyance to Tenant, its successors or assigns, shall affect the Leasing Agent's right to such commission which is hereby made a lien on the Leased Premises and all equipment thereon, if any. The Leasing Agent shall have the right to collect all rents due hereunder so that its commission may be paid in installments as the rent Base Rent is received, and retained by the Leasing Agent before remitting the rent Base Rent (less commissions) to Landlord, but if any act be done to deprive the Leasing Agent of its right to collect the rentrents, then the whole amount of its commission then unpaid shall, at the Leasing Agent's option, immediately become due and payable. (B) Landlord further covenants with and for the benefit of the Leasing Agent that if Tenant, its successors or assigns shall at any time during the original term and all renewals or extensions thereof (or during any new Lease of the Leased Premises between any person Landlord, his heirs, successors or assigns and Tenant, its successors or assigns), purchase the Leased Premises, the Leasing Agent shall receive on the date of the Leased Premises are transferred a commission of ten six percent (10( 6 %) of the gross --- --- amount of the purchase price. . --- --- (C) Such a sales commission shall be in addition to the rental commissions provided for in the immediately preceding paragraph up to the transfer of said property and is hereby made a lien on the Leased Premises. (D) In connection with all acts done or suffered by the Leasing Agent for Landlord concerning the Leased Premises, Landlord further agrees to indemnify and save the Leasing Agent harmless from all fines, judgments, suits, claims, demands and actions of any KIND kind (including any costs and attorney's fees), and from liability suffered by an employee or contractor (not in the permanent employ of the Leasing Agent) engaged by the Leasing Agent for the benefit of Landlord.

Appears in 1 contract

Samples: Lease Agreement (Innotech Inc)

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