Excess Consideration definition

Excess Consideration means all consideration received by Tenant from an assignment or sublease in excess of the Base Rent and Additional Rent payable under this Lease (on a per square foot basis if less than all of the Premises are transferred), after deducting reasonable leasing commissions paid by Tenant or other reasonable out-of-pocket expenses paid by Tenant directly related to obtaining a sublessee or assignee (including, without limitation, reasonable attorneys’ fees and the cost of reasonable and customary tenant improvements).

Excess Consideration shall have the meaning specified in Section 7.7.

Examples of Excess Consideration in a sentence

In the event of a Transfer, fifty percent (50%) of the Excess Consideration (as hereinafter defined) received by Tenant from or in respect of such Transfer shall be paid to Landlord (which amount is to be prorated where a part of the Premises are subleased) as Additional Rent.
Landlord shall have the right to audit Txxxxx’s books and records to verify the amount of Excess Consideration due to Landlord and the accuracy of the statement required herein.
Tenant shall pay the Excess Consideration to Landlord at the end of each calendar year during which Tenant collects any Excess Consideration.
Each payment shall be sent with a detailed statement showing: (i) the total consideration paid by the sublessee or assignee and/or received by Tenant; and (ii) any exclusions from the Excess Consideration permitted by this Paragraph.

Excess Consideration means the interest rate per annum that is equal to (i) 3.74 per cent. plus (ii) an interest rate equal to the average between the bid and offer rates for thirty(30) year STIBOR 3 month interest-rate swaps in Swedish Kronor, as displayed on ICAP plc’s website at our about 11.00 a.m. on the fifth (5) Business Day before the Step-up Date, rounded up to two decimal places minus (iii) the Fixed Interest Rate.

Excess Consideration means key money, bonus money or other consideration paid by the assignee to Tenant in connection with such assignment, and any payment in excess of fair market value for services rendered by Tenant to assignee or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to assignee in connection with such assignment, less marketing costs, attorneys’ fees and brokerage commissions, if any, reasonably incurred by Tenant to procure the assignment, and the cost of any alterations made by Tenant specifically for the benefit of such assignee. In either case, if part of the Excess Consideration shall be payable by the assignee or subtenant other than in cash, then Landlord’s share of such non-cash consideration shall be in such form as is reasonably satisfactory to Landlord.

Excess Consideration means all rent, additional rent or other consideration actually received by Tenant from such subtenant and/or actually paid by such subtenant on behalf of Tenant in connection with the subletting in excess of the rent, additional rent and other sums payable by Tenant under this Lease during the term of the sublease on a per square foot basis if less than all of the Premises is subleased, less marketing costs, attorneys' fees and brokerage commissions, if any, reasonably incurred by Tenant to procure the sublease, and the cost of any alterations made by Tenant specifically for the benefit of such subtenant. In the event of an assignment, "Excess Consideration" shall mean key money, bonus money or other consideration paid by the assignee to Tenant in connection with such assignment, and any payment in excess of fair market value for services rendered by Tenant to assignee or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to assignee in connection with such assignment, less marketing costs, attorneys' fees and brokerage commissions, if any, reasonably incurred by Tenant to procure the assignment, and the cost of any alterations made by Tenant specifically for the benefit of such assignee. If part of the Excess Consideration shall be payable by the assignee or subtenant other than in cash, then Landlord's share of such non-cash consideration shall be in such form as is reasonably satisfactory to Landlord.

Excess Consideration means all rent, additional rent, key money, bonus money and/or other consideration (including, without limitation, any payment in excess of fair market value for services rendered by Lessee to the Transferee for assets, fixtures, inventory, equipment, or furniture transferred by Lessee to the Transferee in connection with the Transfer) received by Lessee from a Transferee and/or paid by a Transferee on behalf of Lessee in connection with the Transfer in excess of the rent, additional rent and other sums payable by Lessee under this Lease (on a per square foot basis if less than all of the Premises is subject to such Transfer), less the sum of Lessee's reasonable out-of-pocket costs incurred for brokerage commissions, attorneys' fees and any Alterations to the Premises in connection with such Transfer and an amount equal to the then unamortized cost of any Lessee Improvements made by Lessee at Lessee's cost (based upon monthly straight line amortization over the initial eighty-four (84) month Lease Term). If part of the Excess Consideration shall be payable by the Transferee other than in cash, then Lessor's share of such non-cash consideration shall be in such form as is reasonably satisfactory to Lessor.

Excess Consideration has the meaning set forth in Section 1.2.

Excess Consideration shall have the meaning set forth in Section 2.8.2(c).

Excess Consideration will have the meaning set forth in Section 13.4.