Other Sublease Consideration definition

Other Sublease Consideration means all sums paid for the furnishing of services by Tenant and the sale or rental of Tenant's fixtures, leasehold improvements, equipment, furniture or other personal property less, in the case of the sale thereof, the then net unamortized or undepreciated cost thereof determined on the basis of Tenant's federal income tax returns.
Other Sublease Consideration means all sums paid for the furnishing of services by Subtenant (less the cost of providing such services) and the sale or rental of Subtenant’s fixtures, leasehold improvements, equipment, furniture or other personal property less, in the case of the sale thereof, the then net unamortized or undepreciated cost thereof determined on the basis of Subtenant’s federal income tax returns and less, in the case of the rental thereof, the then net unamortized or undepreciated cost thereof amortized monthly on a straight-line basis over the term of the Sublease, which monthly amount shall be deducted from the Other Sublease Consideration each month during the term of the sub-sublease.
Other Sublease Consideration means all sums paid over and above fixed and additional rent paid by such subtenant for the furnishing of services by Tenant and the sale or rental of Tenant's Property less, in either case, the then net unamortized or undepreciated cost thereof determined on the basis of Tenant's federal income tax returns (or if such property is leased rather than owned by Tenant less any rentals that may be due to the third party lessor thereof).

Examples of Other Sublease Consideration in a sentence

  • Section 2.01 Other Sublease Consideration..........................


More Definitions of Other Sublease Consideration

Other Sublease Consideration means all sums paid for the furnishing of services by Tenant and for the sale or rental of Tenant’s Property less, in the case of the sale thereof, the then fair market value thereof. “Tenant’s Basic Cost” for any sublet space for any calendar quarter means the sum (without duplication) of (1) the portion of the Fixed Rent, Tenant’s Tax Payments, Tenant’s BID Payment, Tenant’s Operating Expense Payments and any other Additional Rent which is attributable to such sublet space (on a pro rata basis) for such calendar quarter (or if the pertinent sublease is in effect for only a part of such calendar quarter, the portion of such calendar quarter during which such sublease is in effect), plus (2) the amount payable by Tenant on account of electricity in respect of such sublet space (on a pro rata basis) for such calendar quarter (or if the pertinent sublease is in effect for only a part of such calendar quarter, the portion of such calendar quarter during which such sublease is in effect). Solely for purposes of clause (1) of the definition of Tenant’s Basic Cost, and solely during the Initial Term, the amount of Fixed Rent payable with respect to any sublet space shall be deemed to be the “net rent” with respect to such space (i.e., the Fixed Rental amount that Tenant would pay for such space if the amount of Fixed Rent that Tenant would have paid during the Abatement Period with respect such sublet space were applied evenly as a discount to installments of Fixed Rent payable over the entire Initial Term).
Other Sublease Consideration shall have the meaning set forth in Section 8.07A hereof.
Other Sublease Consideration means all sums paid for the furnishing of services by Tenant and for the sale or rental of Tenant’s Property less, in the case of the sale thereof, the then fair market value thereof. “Tenant’s Basic Cost” for any sublet space for any calendar quarter means the sum (without duplication) of (1) the portion of the Fixed Rent, Tenant’s Tax Payments, Tenant’s BID Payment, Tenant’s Operating Expense Payments and any other Additional Rent which is attributable to such sublet space (on a pro rata basis) for such calendar quarter (or if the pertinent sublease is in effect for only a part of such calendar quarter, the portion of such calendar quarter during which such sublease is in effect), plus (2) the amount payable by Tenant on account of electricity in respect of such sublet space (on a pro rata basis) for such calendar quarter (or if the pertinent sublease is in effect for only a part of such calendar quarter, the portion of such calendar quarter during which such sublease is in effect).
Other Sublease Consideration means all sums paid for the sale or rental of Tenant's fixtures, leasehold improvements, equipment, furniture, furnishings or other personal property less, in the case of the sale thereof, the then fair market value thereof. "Tenant's Basic Cost" for any sublet space for any calendar year means the sum of (A) the portion of the fixed rent, the Tax Payment and xxxxxx'x wage payments which is attributable to such sublet space for such calendar year (or if the pertinent sublease is in effect for only a part of such calendar year, the portion of such calendar year during which such sublease is in effect), plus (B) the amount payable by Tenant as additional rent on account of electricity in respect of such sublet space for such calendar year (or if the pertinent sublease is in effect for only a part of such calendar year, the portion of such calendar year during which such sublease is in effect). "Tenant's Associated Cost" for any sublease as of the end of any calendar year shall mean the excess of:
Other Sublease Consideration means all sums paid for the furnishing of services by Tenant less Tenant’s actual cost of furnishing such services (provided, that (x) Tenant shall deliver to Landlord reasonable backup for such costs, (y) any costs provided with respect to the subleased premises and other space shall be equitably allocated to the subleased premises, and (z) to the extent such costs relate to services provided by an Affiliate of Tenant, such costs shall be competitive with market rates) and the sale or rental of Tenant’s fixtures, leasehold improvements, equipment, furniture or other personal property (excluding any of the same which were part of Tenant’s Work) less, in the case of the sale thereof, the then net unamortized or undepreciated cost thereof, amortized or depreciated in accordance with GAAP. “Tenant’s Associated Cost” for any sublease shall mean (without duplication) the excess of: (I)(A) all reasonable amounts paid by Tenant either (x) in making alterations to (or other changes in the layout and finish of) either the sublet space or other areas of the floor(s) on which the sublet space is located in order to prepare the sublet space for such subtenant’s occupancy and/or (y) in providing a fund to the subtenant for either such purpose, by way of a work allowance or the like, (other than providing to such subtenant a portion of the Work Allowance), plus (B) the amount of (x) customary brokerage commission(s) paid in connection with such sublease and (y) reasonable attorneysfees and disbursements paid by Tenant in connection with such sublease (including any amounts paid to Landlord under Section 5.03(b) or 5.06(a)), plus (C) the amount of all other reasonable concessions paid by Tenant in connection with such sublease, plus (D) the amount of reasonable actual out-of-pocket advertising and marketing costs paid with respect to the sublet space, plus (E) the hard and soft costs of Tenant’s Work (other than to the extent funded by Landlord as part of the Work Allowance) or other Alterations not covered by clause (I)(A)(x) above in respect of and reasonably allocated to the sublet space, amortized (together with interest at the Interest Rate) on a straight line basis over (1) a 20 year period from the Occupancy Date in respect of Tenant’s Work or (2) with respect to any other Alteration, a period that is the greater of (AA) 7 years from substantial completion of such other Alterations or (BB) the number of years remaining in the term, in either instance under claus...
Other Sublease Consideration means all sums paid for the furnishing of services by Tenant and the sale or rental of Tenant’s fixtures, leasehold improvements, equipment, furniture or other personal property less, in the case of the sale thereof, the then net unamortized or undepreciated cost thereof determined on the basis of Tenant’s federal income tax returns. The provisions of this Section 5.05(a) shall not apply to any sublease under Section 5.01(c) or to any Desk Space User (provided that Tenant complies with the provisions of Section 5.01(d)(vi)).
Other Sublease Consideration means all sums paid for the furnishing of services by Tenant and the sale or rental of Tenant’s equipment, furniture or other personal property less, in the case of the sale thereof, the then fair market value thereof.