Sublease Profit. Notwithstanding anything contained in Paragraph 12 of the Lease to the contrary, Lessee shall not assign or transfer the Lease nor sublet all or any portion of the Premises without the prior written consent of Lessor, which consent shall not be unreasonably withheld or delayed. As a reasonable condition to Lessor’s consent to any assignment or sublease pursuant to Paragraph 12 of this Lease, Lessee shall pay to Lessor fifty percent (50%) of all base rent, additional rent and other consideration payable by such assignee or Sublessee in excess of the rent amounts payable under this Lease (prorated in the case of a sublease of a portion of the Premises), except that Lessee may recover commercially reasonable third party brokerage commissions incurred by Lessee (consistent with industry standard rates) and reasonable legal fees incurred by Lessee for such assignment or sublease (not to exceed Five Thousand Dollars ($5,000.00)). If part of the consideration for such assignment or sublease is payable other than in cash, Lessor’s share of that non-cash consideration shall be in a form reasonably satisfactory to Lessor.
Sublease Profit. (a) Subject to the provisions of this Section 14.6, in connection with any subletting of all or any portion of the Premises by Tenant, Tenant shall pay to Landlord an amount equal to fifty percent (50%) of any Sublease Profit derived therefrom. All sums payable hereunder by Tenant shall be calculated on an annualized basis (equitably adjusted for partial years), and shall be paid to Landlord, as Additional Rent, within thirty (30) days after receipt thereof by Tenant.
Sublease Profit. Tenant shall pay to Landlord from time to time an amount equal to fifty percent (50%) of Sublease Profit promptly after Tenant receives funds that constitute Sublease Profit.
Sublease Profit. In the event Lessee subleases the Premises in conformance with paragraph 12 of this Lease, any Sublease rent in excess of the Base Rent shall be paid to Lessor after Lessee first recovers its direct costs of subleasing, including but not limited to subleasing commissions and tenant improvement costs.
Sublease Profit. Tenant shall pay to Landlord from time to time an amount equal to fifty percent (50%) of Sublease Profit promptly after Tenant receives funds that constitute Sublease Profit. This Section 12.7 shall not apply to a sublease permitted hereunder to a Tenant Affiliate (or to a Permitted Occupant sublease which, when taking into account all other subleases and/or permitted occupancies in the Premises, in the aggregate, does not cover space exceeding 25% of the Premises).
Sublease Profit. In connection with any Assignment or Sublease to a Person other than an Affiliate of Tenant or a Subtenant described in Section 7.6(d)(ii), Tenant shall pay to Owner (as set forth in this Section) an amount [*****] of the Profit. The term “Profit” shall mean the excess, if any, of (a) the rentals actually received by Tenant under any Sublease or the consideration actually received by Tenant under any Assignment (it being understood that the rentals actually received under any Sublease or the consideration actually received under any Assignment shall include sums paid for the sale or rental of Tenant’s fixtures, leasehold improvements, equipment, furniture or other personal property, less (i) in the case of the sale thereof, the then net unamortized or undepreciated cost thereof determined on the basis of GAAP, and (ii) in the case of the rental thereof, the then net unamortized cost thereof, amortized over the useful life of such item(s), and any other consideration actually received by Tenant under any Sublease or Assignment, other than payments in the nature of reimbursements for amounts payable to third parties such as indemnity payments) (the “Total Income”) over (b)
Sublease Profit. 54, 56 SUBLEASE RECAPTURE OFFER.................................................46 SUBLEASE RECAPTURE OFFER NOTICE..........................................45 SUBLEASE RECAPTURE PERIOD................................................46
Sublease Profit. In connection with Paragraph 15(e) of the Original Lease, Landlord and Tenant hereby agree that during the Abatement Period, any Sublease Profit that may become payable to Landlord by virtue of a sublease that expires on or before January 31, 2023, shall be calculated based on the Base Rent that would otherwise be due and payable by Tenant during such Abatement Period, as if the Rent Abatement afforded to Tenant under Paragraph 4 did not apply.
Sublease Profit. Section 17.1 of the Prime Lease provides that 100 percent of any rental payable under the Sublease which exceeds the amount of rental payable under the Prime Lease shall be payable to Landlord (prorated as provided in the Prime Lease). Accordingly, and in addition to all other amounts payable by Tenant under the Prime Lease, Tenant shall pay to Landlord, together with each monthly installment of minimum rent under the Prime Lease, the respective amounts set forth on Exhibit "B" attached hereto. Any failure by Tenant to make any such payment within five (5) days after it is due shall constitute an "Event of Default" under the Prime Lease. 17.
