Sublease Costs means and refer to Tenant's reasonable legal, brokerage and construction costs and expenses incurred in good faith in view of the size and expected term of any applicable sublease or assignment. Sublease Costs shall be amortized over the term of the applicable sublease or assignment.
Sublease Costs. As defined in Section 5.2.1.
Sublease Costs means the sum of the following: (i) the Abated Rent (defined in Section 4(a) hereof) and (ii) all leasing commissions paid by Sublandlord in connection with this Sublease. Notwithstanding anything to the contrary herein set forth, at Sublandlord’s option Subtenant’s termination of this Sublease pursuant to this Section 1.5 shall be ineffective if an Event of Default exists either at the time of Subtenant’s exercise of the Termination Option or at the End Date. Failure of Subtenant to timely exercise the Termination Option (“exercise” meaning both the giving of the requisite notice and the payment in full of the Termination Fee) shall constitute Subtenant’s irrevocable waiver of its right to exercise the Termination Option.
Examples of Sublease Costs in a sentence
The Refined Sublease Costs shall be delivered to the Owner by the Developer at the commencement of the Determination Phase.
TheEach set of Refined Sublease Costs shall be delivered to the Owner by the Developer at the commencement of the applicable Determination Phase.
More Definitions of Sublease Costs
Sublease Costs means and refer to Tenant's reasonable legal, brokerage and construction costs and expenses incurred in good faith in view of the size and expected term of any applicable sublease or assignment and the then unamortized costs of Tenant's Work incurred by Tenant to prepare the Premises for Tenant's initial occupancy of the Premises. Sublease Costs shall be amortized on a straight line basis over the term of the applicable sublease or assignment, except that the costs of Tenant's Work incurred by Tenant to prepare the Premises for Tenant's initial occupancy of the Premises shall be amortized on a straight line basis over the initial Term of this Lease.
Sublease Costs means the reasonable legal and advertising fees and expenses, transfer taxes, customary brokerage commissions, the sums payable to Landlord pursuant to Section 10.09(a)(xiii) of this Lease, the costs of any Alterations performed by Tenant in connection with the sublease, and any work allowances paid by Tenant and any other out-of-pocket cash concessions made by Tenant in connection with the sublease. Any amount payable to Landlord under this Section 10.12(a)(ii) in respect of any month, shall be paid within 20 days after the actual receipt by Tenant. If, however, the sublease is terminated, Tenant’s obligation to pay further sums to Landlord shall terminate except with regard to any damages or other sums thereafter received by Tenant from such subtenant to the extent attributable to any rents or other amounts included in the Gross Sublease Profit calculation, which shall be treated as if such damages were sublease rents.
Sublease Costs means and refer to Tenant's reasonable legal, brokerage and construction costs and expenses incurred in good faith in view of the size and expected term of any applicable sublease or assignment. Sublease Costs shall be amortized over the term of the applicable sublease or assignment. In the event that Tenant exercises its Reimbursement Option pursuant to Section 4.1(d) hereof, Fixed Rent shall nevertheless be calculated as though such Reimbursement Option had not been exercised for purposes of calculating Sublease Profits under this Section 5.2.1.
Sublease Costs means and refer to Tenant’s reasonable legal, brokerage and construction costs and expenses incurred in good faith in view of the size and expected term of any applicable sublease or assignment and the then unamortized costs of any build-out work incurred by Tenant to prepare the Premises for Tenant’s initial occupancy of the Premises. Sublease Costs shall be amortized on a straight line basis over the term of the applicable sublease or assignment. If the amount of rent and other charges payable under a Transfer is not readily ascertainable, such amount may, at Landlord’s option, be deemed to equal the fair market rent then obtainable for the space in question. Such fair market rent is to be determined pursuant to the arbitration provision as set forth in Section 7.3. Tenant shall pay to Landlord, as an additional charge, Landlord’s reasonable legal fees and other expenses incurred in connection with any proposed Transfer, including fees for review of documents and investigations of proposed Transferees not to exceed $1,000.00 per Transfer. Notwithstanding any such Transfer, the original Tenant named herein shall remain directly and primarily obligated under this Lease. If Tenant enters into any Transfer with respect to the Premises (or any part thereof), Landlord may, at any time and from time to time, require that such Transferee agree directly with Landlord to be liable, jointly and severally with Tenant, to the extent of the obligation undertaken by or attributable to such Transferee, for the performance of Tenant’s agreements under this Lease (including payment of rent and other charges under the Transfer), and every Transfer shall so provide, without relieving or modifying Tenant’s liability hereunder. Landlord may collect rent and other charges from the Transferee and apply the net amount collected to the rent and other charges hereunder, but no such assignment or collection shall be deemed a waiver of the provisions of Section 5.8, or the acceptance of the Transferee, as a tenant, or a release of Tenant from direct and primary liability for the further performance of Tenant’s covenants hereunder. The consent by Landlord to a particular Transfer shall not relieve Tenant from the requirement of obtaining the consent of Landlord to any further Transfer.
Sublease Costs means and refer to Tenant's reasonable legal, brokerage and construction costs and expenses incurred in good faith in view of the size and expected term of any applicable sublease or assignment and the then unamortized costs of Tenant's Work incurred by Tenant to prepare the Premises for Tenant's initial occupancy of the Premises. Sublease Costs shall be amortized on a straight line basis over the term of the applicable sublease or assignment, except that the costs of Tenant's Work incurred by Tenant to prepare the Premises for Tenant's initial occupancy of the Premises shall be amortized on a straight line basis over the initial Term of this Lease. Notwithstanding the foregoing provisions of this Section 5.2.1, Tenant may assign this Lease or sublet any portion of the Premises without Landlord's consent and without payment of Sublease Profits to Landlord to (i) any successor of Tenant resulting from an acquisition of all or substantially all of Tenant's assets or a merger or consolidation of Tenant and (ii) any Affiliate of Tenant (as hereinafter defined), provided that Tenant provides Landlord at least thirty (30) days prior notice of such assignment or subletting pursuant to either of the foregoing clauses (i) or (ii) and the assignee or sublessee executes an assignment and assumption agreement reasonably satisfactory to Landlord prior to taking occupancy. From and after any sublease or assignment, Genzyme Corporation shall continue to be primarily liable pursuant to this Lease. As used herein, the term "Affiliate of Tenant" shall mean and refer to any entity controlled by, controlling or under common control with Tenant.
Sublease Costs means and refer to Tenant's reasonable legal, brokerage and construction costs and expenses, and any other reasonable and customary costs associated with the assignment or sublease transaction, incurred in good faith in view of the size and expected term of any applicable sublease or assignment. Sublease Costs shall be amortized over the term of the applicable sublease or assignment. Notwithstanding anything to the contrary provided in this Section 5.2.1, Tenant may mortgage, pledge, hypothecate, collaterally assign or otherwise offer its interest under this Lease as security for a loan for the construction of its Leasehold Improvements ("mortgage the leasehold interest of Tenant"), which loan secured by a mortgage of leasehold interest of Tenant shall only include the financing of Leasehold Improvements which become real estate ---- fixtures to the Building and the Premises and shall not include Tenant's trade fixtures, equipment or other movable items, in which event:
Sublease Costs means the reasonable and substantiated costs incurred by Tenant in consummating the sublease [e. g. brokerage commissions, legal fees (including reasonable in-house legal fees), marketing costs, concessions, free rent and leasehold improvement costs or allowances]. In the event Landlord shall have not elected any Landlord Sublease Option in a written notice delivered to Tenant during the Request Period and still fails to elect any Landlord Sublease Option in a written notice delivered to Tenant within five (5) days after Landlord's receipt of a written notice advising Landlord that Landlord failed to elect any Landlord Sublease Option during the Request Period, Landlord shall be deemed to have consented to the subletting in accordance with Option 1 above. The CHI Guaranty shall remain in full force and effect with respect to any subleased portion of the Premises.