Third Party Lease Sample Clauses

Third Party Lease. From and after the Effective Date, Landlord and Tenant shall use best efforts, without commercially unreasonable cost to either party, to market the portion of the Premises on the Third Floor of the Building ("Third Floor Premises") for lease to third parties, upon terms and conditions reasonably acceptable to Landlord and Tenant. Landlord shall engage Landlord's broker to market the Third Floor Premises for re-lease, and, on the Third Party Lease Date, as defined below, Tenant shall pay Landlord's broker's excess bonus ("Excess Bonus"), in the amount of Two and No/100 Dollars ($2.00) per square foot of the Third Floor Premises leased to a new tenant, directly to Landlord; provided that such Excess Bonus is paid by Landlord to its broker and is paid in addition to its standard broker fees for similar properties. Such Excess Bonus shall not exceed the aggregate amount of Forty-seven Thousand Seven Hundred Four and No/100 Dollars ($47,704.00). If Landlord and a third party tenant reasonably acceptable to Landlord and Tenant execute and deliver a new lease ("Third Party Lease") for the Third Floor Premises prior to the expiration of the Amended Lease, then on the commencement date of the Third Party Lease ("Third Party Lease Date"), the Third Floor Premises shall be excluded from the Premises for all purposes under the Amended Lease, the Minimum Monthly Rent shall be adjusted on a pro rata basis based on square footage to reflect such exclusion and Landlord and Tenant shall execute and deliver an amendment to the Amended Lease memorializing such exclusion and rent reduction. If Landlord does not execute a Third Party Lease pursuant to the terms of this Amendment, then Tenant shall remain liable for all obligations under the Amended Lease, including without limitation for the Third Floor Premises. The Third Party Lease shall be on terms and conditions substantially similar to Landlord's then-standard terms and conditions for similar properties and Landlord shall not offer concessions, not normally offered to other tenants, in exchange for a lower rental rate in the Third Party Lease. Within ten (10) days after Landlord gives Tenant written notice that Landlord intends to enter into a Third Party Lease, Tenant shall deliver to Landlord a bill of sale transferring title to all of the t▇▇▇-remaining furniture in the Third Floor Premises ("Third Floor Furniture") to Landlord, without any additional payment due from Landlord, and Tenant shall receive a credit to th...