Sub-Leasing. The AO reserves the right to require revenue sharing as a condition of a sublease approval. Said fee shall be determined by negotiation between the Lessee and the AO, but shall not be less than 25% of all compensation paid annually to the Lessee by the Sub-Lessee for commercial usage. The amount of revenue sharing shall be subject to change at the same time as the lease compensation adjustment and whenever the terms or conditions of the sub-lease agreement are amended. “Sublease” shall be defined to include any lease, rental, storage, or accommodation agreement between the Lessee and another individual, business, or corporation utilizing or benefiting from the leasehold. “Sub-Lessee” shall be defined to mean any individual, business, or corporation executing an agreement, as above, with the Lessee. Before approval of a sub-lease will be given, the Lessee must:
Appears in 7 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
