Payment to Landlord. If the aggregate consideration paid to a Tenant Party for a Transfer exceeds that payable by Tenant under this Lease (prorated according to the transferred interest), Tenant shall pay Landlord 50% of such excess (after deducting therefrom reasonable leasing commissions and reasonable costs of tenant improvements paid to unaffiliated third parties in connection with the Transfer, with proof of same provided to Landlord). Tenant shall pay Landlord for Landlord’s share of any excess within 30 days after Tenant’s receipt of such excess consideration. If any uncured event of default exists under this Lease (or a condition exists which, with the passage of time or giving of notice, would become an event of default), Landlord may require that all sublease payments be made directly to Landlord, in which case Tenant shall receive a credit against Rent in the amount of any payments received, but not to exceed the amount payable by Tenant under this Lease.
Payment to Landlord. A. Landlord will not unreasonably withhold, delay, or condition its consent to Tenant's assignment of the Lease or subletting of such space and incidental rights to the party identified in Tenant's notice, provided, however, in the event Landlord consents to any such assignment or subletting, and as a condition thereto, Tenant shall pay to Landlord, fifty percent (50%) of all net profit derived by Tenant from such assignment or subletting other than to affiliates of Tenant. For purposes of the foregoing, net profit shall be deemed to include, but not be limited to, the amount of all rent payable by such assignee or sublessee in excess of the Base Rent and rent adjustments payable by Tenant under this Lease, net of all reasonable expenses (including new tenant improvements, commissions, rent abatement and similar costs of subleasing) incurred by Tenant in obtaining said assignee or sublessee. If a part of the consideration for such assignment or subletting shall be payable other than in cash, the payment to Landlord shall be in cash for its share of any non-cash consideration based upon the fair market value thereof.
B. Tenant shall furnish to Landlord upon request a complete statement, certified by an independent certified public accountant, setting forth in detail the computation of all profit, pursuant to generally accepted accounting principles. Tenant agrees that Landlord shall have the right to review its books and records used to determine profit for the assignment or sublease. Any profit shall be paid to Landlord within fifteen (15) days of receipt by Tenant of all payments made from time to time by such assignee or sublessee to Tenant.
Payment to Landlord. As additional consideration for Landlord’s consent to the Sublease, Tenant irrevocably, absolutely and unconditionally conveys, transfers and assigns to Landlord all rent and other amounts due to Tenant under the terms of the Sublease, together with the right, power and authority to collect such rent and other amounts, subject to Paragraph 10.3 of the Lease; provided, however, that such conveyance, transfer and assignment shall not become effective unless and until, and shall automatically become effective on, a Tenant Default under the Lease. Therefore, notwithstanding any Sublease provision to the contrary, on receipt of written notice from Landlord that a Tenant Default has occurred under the Lease, Subtenant covenants to pay directly to Landlord without abatement, deduction, offset, prior notice or demand by Landlord all rent and other amounts payable to Tenant under the Sublease in lawful money of the United States at the address set forth above for Landlord or at such other place as Landlord may designate to Subtenant in writing, on or before the date due. To the extent of all rent and other amounts actually paid by Subtenant and received by Landlord, Tenant shall receive credit under the Lease against current amounts then payable by Tenant to Landlord under the Lease, and Subtenant shall receive credit under the Sublease for those amounts; provided, however, that the receipt by Landlord of any rent or other amounts from Subtenant shall not be deemed or construed as releasing Tenant from Tenant’s obligations under the Lease (except to the extent of such amounts actually received by Landlord) or the acceptance of Subtenant as a direct tenant; provided further, however, that if the rent actually received by Landlord from Subtenant under the Sublease exceeds the rent payable by Tenant under the Lease (calculated on a per rentable square foot basis if less than all of the Premises is Subleased), Landlord shall promptly remit fifty percent (50%) of such excess to Tenant in accordance with and subject to Paragraph 10.3 of the Lease (meaning that such excess shall be calculated after reimbursing Tenant for reasonable advertising expenses, brokerage commissions, tenant improvement costs and attorneys’ fees actually incurred by Tenant and payable to non-affiliated third parties in connection with such assignment or subleasing, all of which must be amortized over the applicable assignment or Sublease term). Landlord shall give Tenant prompt written notice if S...
Payment to Landlord. As additional consideration for Landlord’s consent to the Sublease, Tenant irrevocably, absolutely and unconditionally conveys, transfers and assigns to Landlord all rent and other amounts due to Tenant under the terms of the Sublease, together with the right, power and authority to collect such rent and other amounts, subject to Paragraph 10.3
Payment to Landlord. The Base Rent and the Additional Rent, as well as the Operating Expenses that would otherwise be, payable by Sublessee to Sublessor under this Sublease shall be paid by Sublessee directly to Landlord as set forth in the Consent, the payment of which shall fully satisfy Sublessee’s obligations to pay Base Rent, Additional Rent and Operating Expenses under this Sublease. All such Base Rent, Additional Rent and Operating Expenses shall be paid to Landlord without deduction by either Sublessee or Sublessor for Permitted Transfer Costs relating to this Sublease (as that phrase is defined in paragraph 13 of the Master Lease). Other than in satisfaction of Sublessor’s obligations to Landlord under the Master Lease relating to the payment of “Base Rent,” “Additional Rent” and “Operating Expenses” thereunder, Sublessor shall have no right to or interest in the Base Rent , Additional Rent and Operating Expenses paid by Sublessee to Landlord pursuant to the Consent.
Payment to Landlord. If the aggregate consideration paid to a Tenant Party for a Transfer exceeds that payable by Tenant under this Lease (prorated according to the transferred interest), Tenant shall pay Landlord, within 30 days after Txxxxx’s receipt of such excess consideration, 50% of such excess (after deducting therefrom actual, reasonable costs paid to unaffiliated third parties for commissions and legal fees and expenses incurred by Tenant for any improvements to the Premises in connection with the Transfer, with proof of same provided to Landlord). If any uncured event of default exists under this Lease, Landlord may require that all sublease payments be made directly to Landlord.
Payment to Landlord. If the aggregate consideration paid to a Tenant Party for a Transfer of Tenant’s leasehold interest in the Premises exceeds that payable by Tenant under this Lease (prorated according to the transferred interest), Tenant shall pay Landlord 50% of such excess (after deducting therefrom reasonable leasing commissions and reasonable costs of tenant improvements paid to unaffiliated third parties in connection with the Transfer, with proof of same provided to Landlord). Tenant shall pay Landlord for Landlord’s share of any excess within 30 days after Tenant’s receipt of such excess consideration. If any uncured event of default exists under this Lease (or a condition exists which, with the passage of time or giving of notice, would become an event of default), Landlord may require that all sublease payments be made directly to Landlord, in which case Tenant shall receive a credit against Rent in the amount of any payments received, but not to exceed the amount payable by Tenant under this Lease.
Payment to Landlord. All Rent, Late Fees or other amounts due under this Lease shall be paid to the Landlord at the address set forth in Section 27 hereof or at such other place or places as Landlord may designate in writing from time to time. SECURITY DEPOSIT. Landlord acknowledges receipt of security deposit in the amount of $XXXX.XX at the time of signing this Lease. Landlord may deduct from this deposit the cost of repairing, including replacement, of any damages to the Demised Premises other than normal wear; the cost of any cleaning or removal of trash not completed by Tenant; any unpaid amount due under this Lease; and the cost of any damage or loss suffered by Landlord due to Tenant’s default or failure under any of its provisions; however, the total amount of such costs shall not be limited by the amount of the deposit. Landlord shall return the deposit, if any, without interest, less any deductions, within 60 days of the termination of this Lease.
Payment to Landlord. All payments required to be made by the Tenant under or in respect of this Lease shall be made to the Landlord at the Landlord's office, or to such agent or agents of the Landlord or at such other place as the Landlord shall hereafter from time to time direct in writing to the Tenant.
Payment to Landlord. Sublandlord shall pay to Landlord, no later than ten (10) days after invoice, Landlord’s attorneys’ fees incurred in connection with reviewing the Sublease and reviewing and negotiating this Agreement. Sublandlord and Subtenant acknowledge that Landlord is entitled to fifty percent (50%) of all “Transfer Consideration” (as defined in Section 14.3 of the Lease) in connection with a sublease; and Sublandlord and Subtenant represent and warrant to Landlord that there is no Transfer Consideration in connection with the Sublease. For the avoidance of doubt, Sublandlord and Subtenant hereby disclose to Landlord that, as an inducement to Subtenant to vacate the Premises in a timely manner, Sublandlord has agreed to reimburse Subtenant for certain relocation costs and tenant improvement costs relating to Subtenant’s relocation to new premises, as specifically provided for in the Sublease; and Landlord acknowledges that such payment is to be made by Sublandlord to Subtenant as provided for in the Sublease and that such payment shall not constitute Transfer Consideration.
