Payment of Leasing Commissions Sample Clauses

Payment of Leasing Commissions. The parties hereby acknowledge, represent and warrant that the only real estate broker or brokers involved in the negotiation and execution of this Lease is that, or are those named in Section 12.10.1 above and that no other broker or person is entitled to any leasing commission or compensation as a result of the negotiation or execution of this Lease. Xxxxxx agrees to indemnify Landlord and hold Landlord harmless from and against any and all costs, expenses or liability for commission or other compensation or charges claimed by or awarded to any broker or agent with respect to this Lease.
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Payment of Leasing Commissions. On all leases for which Weitzman is entitled to receive a commission hereunder, such commission shall be paid one-half upon receipt of a lease executed by both Owner and tenant, and one-half when the said tenant opens for business and pays the first rental installment.
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Payment of Leasing Commissions. Leasing Commissions shall be due and payable to Property Manager as follows: (1) with respect to a new Lease, Lease amendment, Lease expansion or Lease renewal (other than to evidence the exercise of a Lease expansion or renewal option, which shall be governed by clause (2) of this sentence), 50% upon the execution and delivery of a final Lease (or Lease amendment) by Owner and tenant and 50% upon the taking of occupancy and the commencement of rent payments and (2) with respect to a Lease expansion option or Lease renewal option, the date such tenant exercises its option; provided, however, that if the tenant defaults prior to paying the first month's rent with respect to the expansion space (in the case of a Lease expansion option) or the first month's rent with respect to the renewal period (in the case of a Lease renewal option), (as the case may be) and the Lease is terminated on account thereof, Property Manager shall refund the Leasing Commission paid with respect to such Lease expansion option or Lease renewal option. If a tenant has an option to terminate its Lease (exclusive of an option contingent on a casualty, condemnation, landlord default or the like), with or without a termination fee, prior to the expiration of the term thereof, then in no event shall Property Manager be entitled to that portion of the Leasing Commission attributable to the part of the term of such lease taking place after the effective date of such possible termination until the later to occur of the dates determined in accordance with the first sentence of this Section IV(B)(iv) and the date that such tenant either waives its right to terminate the Lease or the option to terminate expires.
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Payment of Leasing Commissions. All leasing commissions payable to Leasing Agent (or to persons or entities designated by Leasing Agent) shall be paid in cash, one-half (50%) when the lease is fully executed (or with respect to a renewal or expansion option, when the tenant formally exercises such option) and one-half (50%) when the lease term commences for the specific space which is covered by the lease (or with respect to a renewal or expansion option, when the renewal term commences or the lease commences with respect to the expansion space). In the event the tenant is in default under its lease so that it never pays any scheduled rent and never occupies its space under its lease for the space covered by such lease (or by such expansion as the case may be) (except in the case of the Tenant's failure to pay based solely on a default by the Venture under the lease), and if the Venture terminates such lease or such tenant's right to possession of its space as a result of such default, Leasing Agent (or its designee) shall refund any previously paid Leasing Fee relating to such lease in default to the Venture and shall use its best efforts to cause any third-party broker to refund its commission relating to such lease in default to the Venture. Leasing Agent shall use best efforts to include a requirement for such refund in all brokerage agreements with its affiliates and third parties. In no event shall Leasing Agent or its affiliates be required to personally refund to the Venture an amount equal to any commission paid to a third-party broker.
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Related to Payment of Leasing Commissions

  • Leasing Commissions On or before the Closing Date, Seller shall pay in full all leasing commissions due to leasing or other agents for the current remaining term of the Lease (determined without regard to any unexercised termination or cancellation right).

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

  • Leasing Costs The Sellers shall be responsible for all Leasing Costs that are payable by reason of (i) the execution of an “Existing Lease” (i.e., a Lease existing as of the date of this Agreement) prior to the date of this Agreement, (ii) the renewal, extension, expansion of, or the exercise of any other option under, an Existing Lease, prior to the date of this Agreement, and (iii) amendments of an Existing Lease entered into prior to the date of this Agreement. If the Closing occurs, the Buyer shall be responsible for all Leasing Costs (including commissions to the Sellers’ in-house leasing agents that are customary arms-length terms that would otherwise be negotiated with a third-party leasing agent) that become due and payable as a result of (1) any New Leases, (2) amendments entered into during the Interim Period in accordance with this Agreement to renew, extend, expand or otherwise amend Existing Leases or New Leases, or (3) any renewals, extensions or expansions of, or the exercise of any other option under, Existing Leases or New Leases exercised by tenants during the Interim Period or on or after the Closing Date; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing. In addition, the Buyer shall assume the economic effect of any “free rent” or other concessions pertaining to the period from and after the Closing; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing. If, as of the Closing Date, the Sellers shall have paid any Leasing Costs for which the Buyer is responsible pursuant to the foregoing provisions, the Buyer shall reimburse the Sellers therefor at Closing; provided, however, that Buyer shall have been provided the details of all such Leasing Costs prior to the Closing Date and approved the same in writing. The Sellers shall pay (or cause to be paid), prior to Closing, or credit the Buyer at Closing (to the extent unpaid) all Leasing Costs for which the Sellers are responsible pursuant to the foregoing provisions, and (subject to the reimbursement obligations set forth above), the Sellers shall pay (or cause to be paid) when due all Leasing Costs payable after the date of this Agreement and prior to Closing. Notwithstanding anything to the contrary, (a) the Buyer shall receive a credit at Closing for any unfunded contractual Leasing Costs and (b) the Sellers shall be responsible (and the Buyer shall not be responsible) for any leasing commissions or brokerage fees which become due and payable after the Closing pursuant to any leasing or brokerage agreement relating to the Properties, including the Leasing and Brokerage Agreements, except as specifically set forth in Section 3.3(g)(ii). In addition to the foregoing, at Closing, the Buyer shall be responsible (and shall reimburse the Sellers at Closing) for the leasing commissions, tenant improvement costs and concessions for the Leases and the amounts set forth on Schedule 3.3(g)(ii) attached hereto. For purposes hereof, the term “Interim Period” shall mean the period from the date of this Agreement until the Closing Date. On the Closing Date, the Sellers shall deliver to the Buyer all Lease Termination Payments received by or on behalf of the Sellers from and after the date hereof, except, however, the Buyer acknowledges approval of the Leases referenced on Schedule 3.3(g)(ii).

  • Amendment of Lease The Lease is hereby amended as follows:

  • Assignment of Leases The Assignment of Leases creates a valid assignment of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrower to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Property. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

  • Approval of Leases, Contracts, Etc In fulfilling its duties to Owner, Manager may and hereby is authorized to enter into any leases, contracts or agreements on behalf of Owner in the ordinary course of the management, operation, maintenance and leasing of the Property.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Space Leases (i) Borrower has delivered a true, correct and complete schedule of all Space Leases as of the date hereof, which accurately and completely sets forth in all material respects, for each such Space Lease, the following (collectively, the “Rent Roll”): the name and address of the tenant with the name, title and telephone number of the contact person of such tenant; the lease expiration date, extension and renewal provisions; the base rent and percentage rent payable; all additional rent and pass-through obligations; and the security deposit held thereunder and the location of such deposit.

  • Existing Leases Landlord and Tenant hereby acknowledge and agree that the Existing Leases are still in full force and effect and that Tenant's right to possess, use and occupy those portions of the Premises described in the Existing Leases shall be subject to the Existing Leases and shall not commence unless and until the Existing Leases expire or are terminated. Notwithstanding the foregoing, however, Tenant's obligation to pay or cause to be paid the Rent shall commence on the Commencement Date, and Landlord, pursuant to that certain Assignment of Rents to Tenant, has assigned to Tenant the right to receive all rents and other amounts from the Existing Leases . Tenant shall have the right to direct Landlord regarding negotiations with Existing Tenants concerning the Existing Leases and to direct Landlord to terminate the Existing Leases on terms and conditions acceptable to Tenant without Landlord's consent. So long as an Event of Default has not occurred under this Lease, Landlord shall immediately deliver to Tenant any and all amounts that Landlord may hereafter receive from Existing Tenants with respect to the Existing Leases. Landlord shall have no right to modify, amend or terminate the Existing Leases without the prior written consent of Tenant. Prior to the expiration or termination of the Existing Leases, Landlord will perform all of the duties and obligations of the Landlord under the Existing Leases; provided, however, that Tenant shall have no right to modify or amend the Existing Leases so as to increase the maintenance, repair or other duties and obligations of the Landlord under the Existing Leases without the prior written consent of Landlord. Tenant shall indemnify Landlord for any damages and liabilities that Landlord may suffer or incur as a result of Landlord being made a party to any litigation that may hereafter arise between Tenant and Existing Tenants concerning the Existing Leases except to the extent that such litigation concerns the failure of Landlord to perform any of the duties and obligations of the landlord under the Existing Leases or the negligence or misconduct of Landlord. After the termination of the Existing Leases, Tenant, at Tenant's option, shall have the right to, among other things, occupy all or any portion of the Premises for Tenant's own use or sublease all or any portion of the Premises to a third party (subject to limitations therein set forth in this Lease or in the First Mortgage); provided, however, that Tenant shall remain liable for payment of the Rent during the Term of this Lease.

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