Common use of Participation by Landlord Clause in Contracts

Participation by Landlord. In the event of any assignment or sublease involving rent in excess of the Fixed Minimum Rent or Additional Rent required under this Lease as Excess Rent), Landlord shall participate in the Excess Rent. Tenant shall promptly forward to Landlord fifty (50%) percent of all such Excess Rent collected from the assignee or subtenant and shall supply Landlord with true copies as executed of all assignments and subleases.

Appears in 1 contract

Samples: Industrial Lease Agreement (Spectrx Inc)

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Participation by Landlord. In the event of any assignment or sublease involving rent in excess of the Fixed Minimum Rent or Additional Rent required under this Lease as (Excess Rent), Landlord shall participate in the Excess Rent. Tenant shall promptly forward to Landlord fifty percent (50%) percent of all such Excess Rent collected from the assignee or subtenant and shall supply Landlord with true copies xxxxx as executed of all assignments and subleases.

Appears in 1 contract

Samples: View Systems Inc

Participation by Landlord. In the event of any assignment or sublease involving rent in excess of the Fixed Minimum Base Rent or Additional Rent required under this Lease as (“Excess Rent), Landlord shall participate in the Excess Rent. Tenant shall promptly forward pay to Landlord Landlord, as Additional Rent, fifty (50%) percent of all such Excess Rent collected from the assignee or subtenant subtenant, and shall supply Landlord with a true copies as copy of each assignment or sublease, and in the case of the former, an originally executed assumption by the assignee of all assignments and subleasesof Tenant’s obligations under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Gaia, Inc.)

Participation by Landlord. In the event of any assignment or sublease involving rent in excess of the Fixed Minimum Rent rent or Additional Rent additional rent required under this Lease as ("Excess Rent"), Landlord shall participate in the Excess Rent. Tenant shall promptly forward pay to Landlord Landlord, as additional rent, fifty (50%) percent of all such Excess Rent collected from the assignee or subtenant subtenant, and shall supply Landlord with a true copies as copy of each assignment or sublease, and in the case of the former, an originally executed assumption by the assignee of all assignments and subleasesof Tenant's obligations under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Ift Corp)

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Participation by Landlord. In the event of any assignment or sublease involving rent in excess of the Fixed Minimum Rent fixed annual rent or Additional Rent additional rent required under this Lease as (“Excess Rent), Landlord shall participate in the Excess Rent. Tenant shall promptly forward pay to Landlord Landlord, as additional rent, fifty (50%) percent of all such Excess Rent collected from the assignee or subtenant subtenant, and shall supply Landlord with a true copies as copy of each assignment or sublease, and in the case of the former, an originally executed assumption by the assignee of all assignments and subleasesof Tenant’s obligations under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Greenhold Group Inc)

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