Transfer Profits Sample Clauses
The Transfer Profits clause defines how profits generated from a particular transaction, project, or business activity are distributed or transferred between parties. Typically, this clause outlines the timing, method, and proportion of profit transfers, such as specifying that profits will be calculated quarterly and distributed according to each party’s ownership percentage. Its core practical function is to ensure transparency and fairness in the allocation of financial gains, thereby preventing disputes over profit sharing and clarifying each party’s entitlements.
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Transfer Profits. In the event a sublease of Lessee's ---------------- space results in net rental greater than the Base Rental plus Additional Rental less the unamortized cost of the Lessee Improvements or the costs of any Sublease improvements (costs such as Tenant Improvements or Lease Commissions), such net profits shall be shared fifty percent (50%) by Lessor and fifty percent (50%) by Lessee.
Transfer Profits. Subject to the provisions of this Article 15, if Landlord consents to any Transfer, Tenant shall pay to Landlord fifty percent (50%) of any Transfer Profits (defined below). "Transfer Profits" shall mean all rent, Additional Rent or other consideration paid by or on behalf of such Transferee in connection with the Transfer in excess of Monthly Base Rent and Additional Rent payable by Tenant under this Lease during the Term of the Transfer. Tenant shall provide Landlord with a detailed statement setting forth the calculation of any Transfer Profits Tenant either has or will derive from such Transfer. In addition, Landlord or its representative shall have the right at all reasonable times to audit those particular books and records of Tenant with respect to the calculation of the Transfer Profits. If such inspection reveals that the amount of Transfer Profits paid to Landlord was incorrect by more than five percent (5%), then within thirty (30) days of Tenant's receipt of the results of such audit, Tenant shall pay Landlord the deficiency and the reasonable cost of Landlord's audit.
Transfer Profits. Subject to the provisions of this Article 12, if Landlord consents to any Transfer, Tenant shall pay to Landlord fifty percent (50%) of any Transfer Profits. “Transfer Profits” means all rent, additional rent or other consideration paid to Tenant by or on behalf of such Transferee in connection with the Transfer in excess of the monthly Base Rent and Additional Rent payable by Tenant under this Lease during the term of the Transfer (on a per square foot of Rentable Square Footage in the Premises basis if less than all of the Premises is transferred (unless all or a portion of the Subject Space is subject to different Rent and Additional Rent terms, in which case, to the extent applicable, such different terms shall be applicable)), after deducting the reasonable expenses incurred by Tenant for (i) any changes, alterations and improvements to the Premises in
Transfer Profits. Subject to the provisions of this Article 14, if Landlord consents to any Transfer, Tenant shall pay to Landlord fifty percent (50%) of any Transfer profits (defined below). “Transfer Profits” shall mean all rent, additional rent or other material consideration received by Tenant in connection with the Transfer in excess of the Rent and Additional Rent payable by Tenant under this Lease during the term of the Transfer on a per rentable square foot basis if less than all of the Premises is transferred (unless all or a portion of the subject space is subject to different Rent and Additional Rent terms, in which case, to the extent applicable, such different terms shall be applicable), after first deducting the expenses incurred or to be incurred by Tenant for the following (collectively,
Transfer Profits. Subject to the provisions of this Article 13, if Landlord consents to any assignment or sublease, Tenant shall pay to Landlord fifty percent (50%) of any Transfer Profits (defined herein). “Transfer Profits” shall mean all Rent, Additional Rent or other consideration paid by or on behalf of such Transferee in connection with the Transfer (after deducting Tenant’s costs incurred in effecting the Transfer) in excess of Base Rent and Additional Rent payable by Tenant under this Lease during the Term of the Transfer. Tenant shall provide Landlord with a detailed statement setting forth the calculation of any Transfer Profits Tenant either has or will derive from such Transfer. In addition, Landlord or its representative shall have the right at all reasonable times to audit the books and records of Tenant with respect to the calculation of the Transfer Profits. If such inspection reveals that the amount of Transfer Profits paid to Landlord was incorrect, then within ten (10) days of Tenant’s receipt of the results of such audit, Tenant shall pay Landlord the deficiency and the cost of Landlord’s audit.
Transfer Profits. In connection with any Transfer of the Premises for which Landlord's consent is obtained, Tenant shall pay to Landlord fifty percent (50%) of any Transfer Profit (as defined below) derived therefrom. All sums payable hereunder by Tenant shall be calculated on an annualized basis, but shall be paid to Landlord, as additional rent hereunder, within ten (10) business days after actual receipt thereof by Tenant. For purposes of this Section 14.D:
Transfer Profits. Subject to the provisions of this Article 15, if Landlord consents to any Transfer, Tenant shall pay to Landlord fifty percent (50%) of any Transfer Profits (defined below). “Transfer Profits” shall mean all rent, additional rent or other consideration paid by or on behalf of such Transferee in connection with the Transfer in excess of the sum of (i) Monthly Base Rent and Additional Rent payable by Tenant under this Lease during the Term of the Transfer and (ii) any improvement allowance or other economic concession paid by Tenant to Transferee and (iii) brokers’ commissions paid by Tenant in connection with the Transfer. Tenant shall provide Landlord with a detailed statement setting forth the calculation of any Transfer Profits Tenant either has or will derive from such Transfer. In addition, Landlord or its representative shall have the right at all reasonable times to audit the books and records of Tenant with respect to the calculation of the Transfer Profits. If such inspection reveals that the amount of Transfer Profits paid to Landlord was incorrect, then within ten (10) days of Tenant’s receipt of the results of such audit, Tenant shall pay Landlord the deficiency and the cost of Landlord’s audit.
Transfer Profits. In the event that Landlord grants its consent to any assignment or sublease to which such consent is required by this Lease (an “Assignment” or a “Sublease”), fifty percent (50%) of any “Net Profits” received by Tenant as a result of such Assignment or Sublease, whether or not denominated rentals under the Assignment or the Sublease or under any other agreements, shall be payable to Landlord without affecting or reducing any other obligation of Tenant hereunder. Notwithstanding anything to the contrary, “Net Profits” shall not include any amounts paid as consideration for Tenant’s business and shall be strictly limited to amounts paid as consideration for Tenant’s leasehold interest in the Premises.
Transfer Profits. If Landlord consents to any Transfer, upon Landlord’s demand, Tenant will pay to Landlord fifty percent (50%) of all Rent, Additional Rent or other consideration paid by or on behalf of such Transferee in connection with the Transfer in excess of Monthly Base Rent and Additional Rent payable by Tenant under this Lease during the period of the Transfer (“Transfer Profits”). Tenant will provide Landlord with a detailed statement setting forth the calculation of any Transfer Profits that Tenant either has or will derive from such Transfer. In addition, Landlord or its representative will have the right at all reasonable times to audit the books and records of Tenant with respect to the calculation of the Transfer Profits. If the inspection reveals that the amount was incorrect, then within ten (10) days of Tenant’s receipt of the results of the audit, Tenant will pay Landlord the deficiency and the cost of Landlord’s audit.
Transfer Profits. In the event of any transfer (as defined in Section 11.1 hereof) by Tenant hereunder, one hundred percent (100%) of all profits made by Tenant in connection therewith shall be paid to Landlord, as and when received by Tenant. For purposes of determining “profits” made by Tenant, Tenant shall be entitled to deduct from its transactional proceeds the reasonable, direct, out-of-pocket costs and expenses paid to unaffiliated third parties in connection with any such transfer, including but not limited to legal fees, sales or other taxes, brokerage commissions, and the cost of tenant improvements or tenant improvement allowances, but only if and to the extent such costs and expenses are actually and reasonably incurred by Tenant. Revenue derived under Temporary Licenses shall not be considered profits subject to this Section 11.6.