Transfer Premium from Assignment or Subletting. Landlord shall be entitled to receive from Tenant (as and when received by Tenant) as an item of additional rent fifty percent (50%) of the gross amounts received by Tenant from such assignee or subtenant in excess of the amounts payable by Tenant to Landlord hereunder (the “Transfer Premium”). The Transfer Premium shall be reduced by the reasonable brokerage commissions, legal fees, improvements allowances and other inducements actually paid to the subtenant or assignee in order to assign the Lease or to sublet all or a portion of the Premises. If less than all of the Premises is transferred, the Base Rent and the additional rent shall be determined on a per
Appears in 2 contracts
Samples: NameMedia, Inc., NameMedia, Inc.
Transfer Premium from Assignment or Subletting. Landlord shall be entitled to receive from Tenant (as and when received by Tenant) as an item of additional rent fifty percent (50%) of the gross all amounts received by Tenant from such assignee or subtenant in excess of the amounts payable by Tenant to Landlord hereunder (the “"Transfer Premium”"). The "Transfer Premium Premium" shall be reduced mean all Base Rent, additional rent or other consideration of any type whatsoever payable by the reasonable brokerage commissions, legal fees, improvements allowances and other inducements actually paid to the assignee or subtenant or assignee in order to assign the Lease or to sublet all or a portion excess of the PremisesBase Rent and additional rent payable by Tenant under this Lease. If less than all of the Premises is transferred, the Base Rent and the additional rent shall be determined on a peris
Appears in 1 contract
Transfer Premium from Assignment or Subletting. Landlord shall be entitled to receive from Tenant (as and when received by Tenant) as an item of additional rent fifty percent (50%) of the gross all amounts received by Tenant from such assignee or subtenant in excess of the amounts payable by Tenant to Landlord hereunder (the “"Transfer Premium”"). The "Transfer Premium Premium" shall be reduced mean all Base Rent, additional rent or other consideration of any type whatsoever payable by the reasonable brokerage commissions, legal fees, improvements allowances and other inducements actually paid to the assignee or subtenant or assignee in order to assign the Lease or to sublet all or a portion excess of the PremisesBase Rent and additional rent payable by Tenant under this Lease. If less than all of the Premises is transferred, the Base Rent and the additional rent shall be determined on a per,
Appears in 1 contract
Samples: Pdi Inc