Common use of No Bonus Value Clause in Contracts

No Bonus Value. It is the intent of the parties hereto that this Lease shall confer upon Tenant only the right to use and occupy the Premises, and to exercise such other rights as are conferred upon Tenant by this Lease. The parties agree that, except to the extent provided in Paragraph 24.2(c) in which Landlord agrees to split equally excess rentals paid to Tenant, this Lease is not intended to have a bonus value, nor to serve as a vehicle whereby Tenant may profit by a future assignment or sublease of this Lease or the right to use or occupy the Premises as a result of any favorable terms contained herein or any future changes in the market for leased space. It is the intent of the parties that any such bonus value that may attach to this Lease shall be and remain, subject to the provisions of Paragraph 24.2(c), the exclusive property of Landlord.

No Bonus Value. It is the intent of the parties hereto that this Lease shall confer upon Tenant only the right to use and occupy the Premises, Premises and to exercise such other rights as are conferred upon Tenant Tenants by this Lease. The parties agree that, except to the extent provided in Paragraph 24.2(c) in which Landlord agrees to split equally excess rentals paid to Tenant, that this Lease is not intended to have a bonus value, nor to serve as a vehicle whereby Tenant may profit by a future assignment or sublease of this Lease or the right to use or occupy the Premises as a result of any favorable terms contained herein or any future changes in the market for leased space. It is the intent of the parties that any such bonus value that may attach to this Lease shall be be, and remain, subject to the provisions of Paragraph 24.2(c), the exclusive property of Landlord. Items of revenue or income excluded from "rent" in the last sentence of 11.2.5 above shall be retained by Tenant and shall not be regarded as "bonus value" under this Lease.