Additional Consideration Payable to Lessor Sample Clauses

The "Additional Consideration Payable to Lessor" clause defines the circumstances under which the lessee must pay the lessor amounts beyond the standard rent or lease payments. This may include extra fees triggered by specific events, such as exceeding usage limits, making alterations to the property, or benefiting from improvements made by the lessor. The core function of this clause is to ensure the lessor is fairly compensated for additional costs or benefits arising from the lessee's actions, thereby allocating financial responsibility and preventing disputes over unforeseen expenses.
Additional Consideration Payable to Lessor. If Lessor gives its consent to any Transfer, Lessor shall be entitled to any proceeds from any such Transfer, with the Lessor’s participation capped at a maximum of four percent (4%) of gross proceeds from the sale if the Lease is assigned or otherwise transferred or sold within Lease Years one (1) through five (5); and five percent (5%) if transferred after Lease Year five
View SourceView Similar (2)
Additional Consideration Payable to Lessor. Except as provided below with respect to a valet concession, if Lessor gives its consent to any sub-lease, assignment or transfer, City shall participate in any proceeds from any such assignment or transfer, with the City‟s participation capped at a maximum of 7% of gross proceeds from the sale if the lease is assigned, sublet, otherwise transferred or sold within Lease Years 1 – 5, 5% between Lease Years 5 – 10 and 3% after Lease Year 10. Lessee shall, in consideration of any sub-lease, assignment or transfer, include in Lessee‟s Gross Revenues the amount of Sub-lessee‟s, Assignee‟s or Transferee‟s Gross Revenues which shall be listed separately on Lessee‟s Semi-Annual Report. Sub-lessee‟s, Assignee‟s or Transferee‟s records shall be kept in accordance with Section 4.5. Additionally, Lessor reserves the right to examine Sub-lessee‟s books and audit Sub-lessee‟s entire records in accordance with Sections 4.7 and 4.8 of this Lease. With respect to a valet concession, Lessee shall exercise its good faith effort to collect a fee from the valet concessionaire. In the event Lessee is able to obtain such a fee, Lessee shall include any and all amounts Lessee receives from the valet concessionaire in Lessee‟s Gross Revenues and Lessor shall receive Minimum Percentage Rent from Lessee pursuant to Article IV. The acceptance by Lessor of the payment of rent following any sub-lease, assignment or transfer prohibited by this Article shall not be deemed to be a consent by Lessor to any such sub- lease nor shall the same be deemed to be a waiver of any right or remedy of Lessor hereunder.
View SourceView Similar (2)
Additional Consideration Payable to Lessor. Except as provided below with respect to a valet concession, if Lessor gives its consent to any sub-lease, Lessee shall, in consideration therefore, include in Lessee‟s Gross Revenues the amount of Sub- lessee‟s Gross Revenues which shall be listed separately on Lessee‟s Semi-Annual Report. Sub-lessee‟s records shall be kept in accordance with Section 4.4. Gross revenues shall not include garage retail revenues based on square foot rental fees. Additionally, Lessor reserves the right to examine Sub-lessee‟s books and audit Sub-lessee‟s entire records in accordance with Sections 4.6 and 4.7 of this Lease,. Lessee shall collect a fee from all valet concessionaires allowed on the Property. Lessee shall include any and all amounts Lessee receives from the valet concessionaire in Lessee‟s Gross Revenues and Lessor shall receive Percentage Rent from Lessee pursuant to Article IV. The acceptance by Lessor of the payment of Rent following any sub-lease prohibited by this Article shall not be deemed to be a consent by Lessor to any such sub-lease nor shall the same be deemed to be a waiver of any right or remedy of Lessor hereunder.
View SourceView Similar (2)
Additional Consideration Payable to Lessor. If Lessor gives its consent to any Transfer, Lessor shall be entitled to any proceeds from any such Transfer, with the Lessor’s participation equal to four percent (4%) of gross proceeds from the sale if the Lease is assigned or otherwise transferred or sold within Lease Years one (1) through five (5); and five percent (5%) if transferred after Lease Year five (5) (“Transfer Fee”). Lessee shall, in consideration of any Transfer, include in Lessee’s Gross Revenues the amount of Sub-Lessee’s, Assignee’s or transferee’s Gross Revenues which shall be listed separately on Lessee’s Annual Report. Assignee’s or transferee’s records shall be kept in accordance with Article IV. Additionally, Lessor reserves the right to examine transferee’s books and audit transferee’s entire records in accordance with Article IV of this Lease. The above-mentioned Transfer Fee will apply even if the transfer or assignment is to a related, subsidiary, or affiliated entity, unless such is an Acceptable Transfer as defined in section 10.5 below. The Transfer fee shall be perpetual and shall apply to any successive Transfer procured by the terms of this Lease for as long as this Lease is active, including modifications and extensions, if any. The acceptance by Lessor of the payment of rent following any Transfer prohibited by this Article shall not be deemed to be consent by Lessor to any such Assignment or Transfer, nor shall the same be deemed a waiver of any right or remedy of Lessor hereunder.
View Source

Related to Additional Consideration Payable to Lessor

  • Additional Considerations For FEMA’s Assistance to Firefighters Grant (AFG) Program, recipients must include a penalty clause in all contracts for any AFG-funded vehicle, regardless of dollar amount. In that situation, the contract must include a clause addressing that non-delivery by the contract’s specified date or other vendor nonperformance will require a penalty of no less than $100 per day until such time that the vehicle, compliant with the terms of the contract, has been accepted by the recipient. This penalty clause should, however, account for force majeure or acts of God. AFG recipients should refer to the applicable year’s Notice of Funding Opportunity (NOFO) for additional information, which can be accessed at ▇▇▇▇.▇▇▇.

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • Amendments; Waivers; No Additional Consideration No provision of this Agreement may be waived or amended except in a written instrument signed by the Company, Parent and the Shareholders. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any Party to exercise any right hereunder in any manner impair the exercise of any such right.

  • Special Considerations The Provider position may be abolished at any time by the Collin County Commissioners Court.

  • No Additional Consideration For the avoidance of doubt, the transfer of any Assets under this Section 2.8 shall be effected without any additional consideration by either party.