Subrent definition

Subrent means any consideration of any kind received, or to be received, by Lessee from a Sublessee if such sums are related to Lessee’s interest in this Lease or in the Premises, including, but not limited to, bonus money and payments (in excess of book value) for Lessee’s assets including its trade fixtures, and equipment and other personal property.

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Subrent means any consideration of any kind received, or to be received, by Tenant as a result of the Transfer, if such sums are related to Tenant's interest in this Lease or in the Premises, including payments from or on behalf of the transferee (in excess of the book value thereof) for Tenant's assets, fixtures, leasehold improvements, inventory, accounts, goodwill, equipment, furniture, and general intangibles. As used in this Paragraph 14.1D, the term "Permitted Transfer Costs" shall mean all reasonable leasing commissions paid to third parties not affiliated with Tenant in order to obtain the Transfer in question.

Subrent as used herein shall include any consideration of any kind received, or to be received, by Tenant from the subtenant, if the sums are related to Tenant's interest in this Lease or in the Premises, including, without limitation, bonus money, and payments (in excess of fair market value thereof) for Tenant's assets, fixtures, inventory, accounts, goodwill, equipment, furniture, general intangibles and any capital stock or other equity ownership of Tenant.

Examples of Subrent in a sentence

• Such amount shall be paid to Landlord on the same basis, whether periodic or in lump sum, that such Subrent is paid to Tenant by its subtenant.

• In the case of assignment, the amount of Subrent owed to Landlord shall be paid to Landlord on the same basis, whether periodic or in lump sum, that such Subrent is paid to Tenant by the assignee.

• Landlord may condition its approval of any Transfer upon obtaining a certification from both Tenant and the proposed transferee of all Subrent and other amounts that are to be paid to Tenant in connection with such Transfer.

• If Tenant sublets any part of the Premises, then with respect to the space so subleased, Tenant shall pay to Landlord 50% of the positive difference, if any, between (i) all Subrent paid by the subtenant to Tenant, less (ii) the sum of all Base Monthly Rent and Additional Rent allocable to the space sublet and all Permitted Transfer Costs related to such sublease.

• If Tenant assigns its interest in this Lease, then Tenant shall pay to Landlord 50% of all Subrent (as defined in §14.1D(5)) received by Tenant over and above (i) the assignee’s agreement to assume the obligations of Tenant under this Lease, and (ii) all Permitted Transfer Costs related to such assignment.

More Definitions of Subrent

Subrent means any consideration of any kind received, or to be received, by Tenant from a Transferee if such sums are related to Tenant's interest in this Lease or in the Premises.

Subrent means all money due and payable by Subtenants under Subleases.

Subrent as used herein shall include any consideration of any kind received, or to be received, by Tenant from the subtenant, if the sums are related to Tenant's interest in this Lease or in the Premises, including, without limitation, bonus money, and payments (in excess of fair market value thereof) for Tenant's assets, fixtures, inventory, accounts, goodwill, equipment, furniture, general intangibles and any capital stock or other equity ownership of Tenant. For purposes of the foregoing calculation, any credit to Tenant for the Initial Alterations constructed by Tenant in the Premises shall be amortized over a five (5) year period from the date such cost is incurred with interest on the unamortized balance at the rate of ten percent (10%) per year. Accordingly, for any subletting which occurs beyond the initial sixty months of the Term, there shall be no deduction from subrents for costs incurred by Tenant for the Initial Alterations.

Subrent means any consideration of any kind received, or to be received, by Tenant as result of the Transfer, if such sums are related to Tenant’s interest in this Lease or in the Premises, including payments from and on behalf of the transferee (in excess of the fair market value thereof) for Tenant’s assets, fixtures, leasehold improvements, inventory, accounts, goodwill, equipment, furniture and general intangibles. As used in this Section 17.4, the term “Permitted Transfer Costs” shall mean (i) reasonable leasing commissions paid to third parties not affiliated with Tenant in order to obtain the Transfer in question, (ii) all reasonable attorneys’ fees incurred by Tenant with respect to the Transfer in question, (iii) the cost of Alterations to prepare the Premises for the proposed transferee, which cost shall be amortized over the entire term of such assignment or sublease.

Subrent shall have the meaning set forth in Section 4.1 of the Site Sublease.

Subrent means any fixed, base, or additional rent or subrent under the Sublease.

Subrent shall have in this Lease the meaning designated in subsection 20(d) above.