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Common use of Payments to Landlord Clause in Contracts

Payments to Landlord. If Landlord does not exercise its applicable option under section 15.2 and Tenant effects an assignment or sublease, then Landlord will be entitled to receive and collect, either from Tenant or directly from the transferee, 50% of the amount by which the consideration required to be paid by the transferee for the use and enjoyment of Tenant's rights under this Lease. (after deducting from such consideration Tenant's reasonable costs incurred in effecting the assignment or sublease) exceeds the Rent payable by Tenant to Landlord allocable to the transferred space. Such percentage of such amount will be payable to Landlord at the time(s) Tenant receives the same from its transferee (whether in monthly installments, in a lump sum, or otherwise).

Appears in 1 contract

Samples: Lease Agreement (CDW Computer Centers Inc)

Payments to Landlord. If Landlord does not exercise its applicable option under section Section 15.2 and Tenant effects an assignment or sublease, then Landlord will be entitled to receive and collect, either from Tenant or directly from the transferee, 50% of the amount by which the consideration required to be paid by the transferee for the use and enjoyment of Tenant's rights under this Lease. Lease (after deducting from such consideration Tenant's reasonable costs incurred in effecting the assignment or sublease) exceeds the Rent payable by Tenant to Landlord allocable to the transferred space. Such percentage of such amount will be payable to Landlord at the time(s) Tenant receives the same from its transferee (whether in monthly installments, in a lump sum, or otherwise).

Appears in 1 contract

Samples: Lease Agreement (Matria Healthcare Inc)

Payments to Landlord. If Landlord does not exercise its applicable option under section 15.2 Section 13.2 and Tenant effects an assignment or sublease, then Landlord will be entitled to receive and collect, either from Tenant or directly from the transferee, 50% of the amount by which the consideration required to be paid by the transferee for the use and enjoyment of Tenant's rights under this Lease. Lease (after deducting from such consideration Tenant's reasonable costs incurred in effecting the assignment or sublease) exceeds the Rent payable by Tenant to Landlord allocable to the transferred space. Such percentage of such amount will be payable to Landlord at the time(s) Tenant receives the same from its transferee (whether in monthly installments, in a lump sum, or otherwise).

Appears in 1 contract

Samples: Sublease Agreement (Xanodyne Pharmaceuticals Inc)

Payments to Landlord. If Landlord does not exercise its applicable option under section 15.2 Section 13.2 and Tenant effects an assignment or subleasesublease and in case of a Permitted Transfer, then Landlord will be entitled to receive and collect, either from Tenant or directly from the transferee, 50% one hundred percent (100%) of the amount by which the consideration required to be paid by the transferee for the use and enjoyment of Tenant's rights under this Lease. Lease (after deducting from such consideration Tenant's reasonable costs incurred in effecting the assignment or sublease) exceeds the Rent payable by Tenant to Landlord allocable to the transferred space. Such percentage of such amount will be payable to Landlord at the time(s) Tenant receives the same from its transferee (whether in monthly installments, in a lump sum, or otherwise).

Appears in 1 contract

Samples: Lease Agreement (Glacier Corp)

Payments to Landlord. If Landlord does not exercise its applicable option under section Section 15.2 and Tenant effects an assignment or sublease, then Landlord will be entitled to receive and collect, either from Tenant or directly from the transferee, 50% of the amount by which the consideration required to be paid by the transferee for the use and enjoyment of Tenant's rights under this Lease. Lease (after deducting from such consideration Tenant's reasonable costs incurred in effecting the assignment or sublease) exceeds the Rent payable by Tenant to Landlord allocable to the transferred space. Such percentage of such amount will be payable to Landlord at the time(s) Tenant receives the same from its its' transferee (whether in monthly installments, in a lump sum, or otherwise).

Appears in 1 contract

Samples: Lease Assignment (Odyssey Re Holdings Corp)

Payments to Landlord. If Landlord does not exercise its applicable option under section 15.2 Section 13.2 and Tenant effects an assignment or sublease, then Landlord will be entitled to receive and collect, either from Tenant or directly from the transferee, 50100% of the amount by which the consideration required to be paid by the transferee for the use and enjoyment of the Tenant's rights under this Lease. Lease (after deducting from such consideration Tenant's reasonable costs incurred in effecting the assignment or sublease) exceeds the Rent payable by Tenant to Landlord allocable to the transferred space. Such percentage of such amount will be payable to Landlord at the time(s) Tenant receives the same from its transferee (whether in monthly installments, in a lump sum, or otherwise).

Appears in 1 contract

Samples: Sublease (Pennaco Energy Inc)

Payments to Landlord. If Landlord does not exercise its applicable option the right granted to Landlord under section 15.2 and Tenant effects an assignment or subleaseSection 13.2 above, then Landlord will be entitled to receive and collect, either from Tenant or directly from the transferee, 50% of the amount by which the consideration required to be paid by the transferee for the use and enjoyment of Tenant's ’s rights under this Lease. Lease (after deducting from such consideration Tenant's ’s reasonable costs incurred in effecting the assignment or sublease) exceeds the Rent payable by Tenant to Landlord allocable to the transferred space. Such percentage of such amount will be payable to Landlord at the time(s) Tenant receives the same from its transferee (whether in monthly installments, in a lump sum, or otherwise).

Appears in 1 contract

Samples: Office Lease Agreement (Intellon Corp)

Payments to Landlord. If Landlord does not exercise its applicable option under section 15.2 Section 13.2 and Tenant effects an assignment or sublease, then Landlord will be entitled to receive and collect, either from Tenant or directly from the transferee, 50% of the amount by which the consideration required to be paid by the transferee for the use and enjoyment of Tenant's ’s rights under this Lease. Lease (after deducting from such consideration Tenant's ’s reasonable costs incurred in effecting the assignment or sublease) exceeds the Rent payable by Tenant to Landlord allocable to the transferred space. Such percentage of such amount will be payable to Landlord at the time(s) Tenant receives the same from its transferee (whether in monthly installments, in a lump sum, or otherwise).

Appears in 1 contract

Samples: Office Lease Agreement (Biovest International Inc)

Payments to Landlord. If Landlord does not exercise its applicable option under section 15.2 Section 13.2 and Tenant effects an assignment or sublease, then Landlord will be entitled to receive and collect, either from Tenant or directly from the transferee, 50% 100% of the amount by which the consideration required to be paid by the transferee for the use and enjoyment of Tenant's rights under this Lease. Lease (after deducting from such consideration Tenant's reasonable costs incurred in effecting the assignment or sublease) exceeds the Rent payable by Tenant to Landlord allocable to the transferred space. Such percentage of such amount will be payable to Landlord at the time(s) Tenant receives the same from its transferee (whether in monthly installments, in a lump sum, or otherwise).

Appears in 1 contract

Samples: Flex Lease Agreement (Essex Corporation)