Common use of Additional Commission Clause in Contracts

Additional Commission. In addition to the payments owed pursuant to Paragraph 1.10 above, and unless Landlord and the Brokers otherwise agree in writing, Landlord agrees that: (a) if Tenant exercises any Option, (b) if Tenant acquires from Landlord any rights to the Premises or other premises owned by Landlord and located within the Project, (c) if Tenant remains in possession of the Premises, with the consent of Landlord, after the expiration of this Lease, or (d) if Base Rent is increased, whether by agreement or operation of an escalation clause herein, then, Landlord shall pay Brokers a fee in accordance with the schedule of the Brokers in effect at the time of the execution of this Lease.

Appears in 2 contracts

Sources: Standard Industrial/Commercial Lease Net (Fortunet, Inc.), Standard Industrial/Commercial Multi Tenant Lease Net (Fortunet, Inc.)