Common use of Minimum Rental Requirement Clause in Contracts

Minimum Rental Requirement. Notwithstanding anything to the contrary contained in this ARTICLE XI or in this Lease, Tenant may assign this Lease or sublet the Premises provided said rental rate is not less than that rental amount that is being paid for other space within the Building. Otherwise, Tenant shall not, under any circumstances, assign this Lease or sublet the Premises or any part thereof until at lease ninety (90%) percent of the rentable space in the Building has been leased by Landlord.

Appears in 4 contracts

Samples: Lease Agreement (Cleartronic, Inc.), Lease Agreement (Cleartronic, Inc.), Lease Agreement (Cleartronic, Inc.)

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Minimum Rental Requirement. Notwithstanding anything to the contrary contained in this ARTICLE XI XII or in this Lease, Tenant may assign this Lease or sublet the Premises provided said rental rate is not less than that rental amount that is being paid for other space within the Building. Otherwise, Tenant shall not, under any circumstances, assign this Lease or sublet the Premises or any part thereof until at lease ninety least seventy-five (9075%) percent of the rentable space in the Building has been leased by Landlord.

Appears in 1 contract

Samples: Lease Agreement

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Minimum Rental Requirement. Notwithstanding anything to the contrary contained in this ARTICLE XI XII or in this Lease, Tenant may assign this Lease or sublet the Premises provided said rental rate is not less than that rental amount that is being paid for other space within the Building. Otherwise, Tenant shall not, under any circumstances, assign this Lease or sublet the Premises or any part thereof thereof, or advertise the availability of space until the sooner to occur of: i) at lease least ninety (90%) percent of the rentable space in the Building has been leased by Landlord, or ii) one (1) year following the Rent Commencement Date of the Lease.

Appears in 1 contract

Samples: Lease Agreement (China Direct, Inc.)

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