Common use of Right to Share Profits Clause in Contracts

Right to Share Profits. (a) If Landlord consents to the subletting of all or any part of the Premises to any third party, Tenant shall in consideration thereof pay to Landlord, as Additional Rent, as and when received, fifty percent (50%) of any Net Profits (as hereinafter defined) in connection with the subletting. “

Appears in 2 contracts

Samples: Lease Agreement (Spero Therapeutics, Inc.), Lease Agreement (Spero Therapeutics, Inc.)

AutoNDA by SimpleDocs

Right to Share Profits. (a) If Excluding Related Assignments pursuant to Section 12.5, if Landlord consents to the subletting of all or any part of the Premises to any third partyPremises, Tenant shall in consideration thereof pay to Landlord, as Additional Rent, as and when received, fifty percent (50%) of any Net Profits (as hereinafter defined) in connection with the subletting. “

Appears in 1 contract

Samples: Lease Agreement (Repligen Corp)

Right to Share Profits. (a) If Landlord consents to the subletting of all or any part of the Premises to any third partyother than a Permitted Transfer, Tenant shall in consideration thereof pay to Landlord, as Additional Rent, as and when received, fifty percent (50%) of any Net Profits (as hereinafter defined) in connection with the subletting. “

Appears in 1 contract

Samples: Lease Agreement (Verastem, Inc.)

Right to Share Profits. (a) If Except with respect to a Permitted Transfer, if Landlord consents to the subletting of all or any part of the Premises Premises, Landlord shall have the option (but shall not be obligated) to any third party, require Tenant shall in consideration thereof to pay to Landlord, as Additional Rent, as and when received, fifty percent (50%) of any Net Profits (as hereinafter defined) in connection with the subletting. “

Appears in 1 contract

Samples: Lease Agreement (Aldeyra Therapeutics, Inc.)

AutoNDA by SimpleDocs

Right to Share Profits. (aA) If Except with respect to a Permitted Transfer, if Landlord consents to the subletting of all or any part of the Premises Premises, Landlord shall have the option (but shall not be obligated) to any third party, require Tenant shall in consideration thereof to pay to Landlord, as Additional Rent, as and when received, fifty percent (50%) of any Net Profits (as hereinafter defined) in connection with the subletting. “Profits” on a subletting

Appears in 1 contract

Samples: Lease Agreement (Aldeyra Therapeutics, Inc.)

Right to Share Profits. (a) If Landlord consents to the subletting of all or any part of the Premises to any third partyPremises, Tenant shall in consideration thereof pay to Landlord, as Additional Rent, as and when received, fifty percent (50%) of any Net Profits (as hereinafter defined) in connection with the subletting. “

Appears in 1 contract

Samples: Lease Agreement (Solid Biosciences Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.