Assignment Consideration And Excess Rentals Defined. For purposes of this Article, including any amendment to this Article by way of addendum or other writing, the term “Assignment Consideration” shall mean all consideration to be paid by the assignee to Tenant or to any other party on Tenant’s behalf or for Tenant’s benefit as consideration for such assignment, after deduction for the following costs actually paid or actually incurred by Tenant directly in connection with such assignment: market-rate leasing commissions; rent concessions; reasonable costs of tenant improvements, capital improvements, building upgrades and permit fees; and reasonable attorneys’ fees not to exceed five thousand dollars ($5,000.00). The term “Excess Rentals” shall mean all consideration to be paid by the sublessee to Tenant or to any other party on Tenant’s behalf or for Tenant’s benefit for the sublease of the Leased Premises in excess of the rent due to Landlord under the terms of this Lease for the same period, after deduction for the following costs actually paid or actually incurred by Tenant directly in connection with such sublease: market-rate leasing commissions; rent concessions; reasonable costs of tenant improvements, capital improvements, building upgrades and permit fees; and reasonable attorneys’ fees not to exceed five thousand dollars ($5,000.00). Tenant agrees that the portion of any Assignment Consideration and/or Excess Rentals arising from any assignment or subletting by Tenant which is to be paid to Landlord pursuant to this Article now is and shall then be the property of Landlord and not the property of Tenant.
Appears in 3 contracts
Sources: Lease Agreement (Lsi Logic Corp), Lease Agreement (Lsi Logic Corp), Lease Agreement (Lsi Logic Corp)
Assignment Consideration And Excess Rentals Defined. For purposes of this Article, including any amendment to this Article by way of addendum or other writing, the term “Assignment Consideration” "assignment consideration" shall mean all consideration to be paid by the assignee to Tenant or pr to any other party on Tenant’s 's behalf or for Tenant’s 's benefit as consideration for such assignment, after deduction for the following costs actually reasonable leasing commissions paid or actually incurred by Tenant directly in connection with such assignment: market-rate leasing commissions; rent concessions; reasonable but without deductions for any other costs of or expenses (including, without limitation, tenant improvements, capital improvements, building upgrades and upgrades, permit fees; , attorneys' fees, and reasonable attorneys’ fees not to exceed five thousand dollars ($5,000.00). The other consultants' fees) incurred by Tenant in connection with such assignment, and the term “Excess Rentals” "excess rentals" shall mean all consideration to be paid by the sublessee sub lessee to Tenant or to any other party on Tenant’s 's behalf or for Tenant’s 's benefit for the sublease of the Leased Premises in excess of the rent due to Landlord under the terms of this Lease for the same period, after deduction for the following costs actually reasonable leasing commissions paid or actually incurred by Tenant directly in connection with such (amortized over the term of the sublease: market-rate leasing commissions; rent concessions; reasonable ) but without deduction for any other costs of or expenses (including, without limitation, tenant improvements, capital improvements, building upgrades and upgrades, permit fees; , attorneys' fees, and reasonable attorneys’ fees not to exceed five thousand dollars ($5,000.00)other consultants' fees) incurred by Tenant in connection with such sublease. Tenant agrees that the portion of any Assignment Consideration assignment consideration and/or Excess Rentals excess rentals arising from any assignment or subletting by Tenant which is to be paid to Landlord pursuant to this Article now is and shall then be the property of Landlord and not the property of Tenant.
Appears in 1 contract
Sources: Lease (Digital Island Inc)
Assignment Consideration And Excess Rentals Defined. For purposes of this Article, including any amendment to this Article by way of addendum or other writing, the term “Assignment Considerationassignment consideration” shall mean all consideration to be paid by the assignee to Tenant or to any other party on Tenant’s behalf or for Tenant’s benefit as consideration for such assignmentthe assignment of this Lease, after deduction for the following costs actually paid or actually reasonable leasing commissions and reasonable legal fees incurred by Tenant directly in connection with such assignment: market-rate leasing commissions; rent concessions; reasonable , but without deduction for any other costs of tenant improvementsor expenses (including, without limitation, capital improvements, building upgrades and upgrades, permit fees; , and reasonable attorneysother consultants’ fees not to exceed five thousand dollars ($5,000.00fees). The , and the term “Excess Rentalsexcess rentals” shall mean all consideration to be paid by the sublessee to Tenant or to any other party on Tenant’s behalf or for Tenant’s benefit for the sublease of the Leased Premises in excess of the rent due to Landlord under the terms of this Lease for the same period, after deduction for the following costs actually paid or actually reasonable leasing commissions and reasonable legal fees incurred by Tenant directly in connection with such sublease: market-rate leasing commissions; rent concessions; reasonable , but without deduction for any other costs of tenant improvementsor expenses (including, without limitation, capital improvements, building upgrades and upgrades, permit fees; , and reasonable attorneysother consultants’ fees not fees). Any commissions, costs and expenses deducted shall be amortized over the term of the sublease or the remainder of the Lease Term (in the case of an assignment), and only the monthly amortizing portion thereof deducted from the excess rentals and assignment consideration payable to exceed five thousand dollars ($5,000.00)Landlord under this Article 7. Tenant agrees that the portion of any Assignment Consideration assignment consideration and/or Excess Rentals excess rentals arising from any assignment or subletting by Tenant which is to be paid to Landlord pursuant to this Article now is and shall then be the property of Landlord and not the property of Tenant.
Appears in 1 contract
Assignment Consideration And Excess Rentals Defined. For purposes of this Article, including any amendment to this Article by way of addendum or other writing, : (i) the term “Assignment Consideration” "assignment consideration" shall mean all consideration to be paid by the assignee to Tenant or to any other party on Tenant’s 's behalf or for Tenant’s 's benefit as consideration for such assignmentassignment with respect to the transfer of this Lease, after without deduction for the following any costs actually paid or actually expenses incurred by Tenant directly in connection with such assignment: market-, except that Tenant may first deduct and recover third party, market rate leasing commissions; rent concessions; , reasonable costs of tenant improvements, capital improvements, building upgrades and permit fees; legal fees and reasonable attorneys’ fees not to exceed five thousand dollars tenant improvement costs paid in connection with the assignment and previously approved by Landlord in writing, and ($5,000.00). The ii) the term “Excess Rentals” "excess rentals" shall mean all consideration to be paid by the sublessee to Tenant or to any other party on Tenant’s 's behalf or for Tenant’s 's benefit for the sublease of all or any part of the Leased Premises in excess of the rent Rent due to Landlord under the terms of this Lease for the same period, after deduction portion subleased for the following same period after deducting the costs actually of market rate leasing commissions, reasonable legal fees, any free base rent or other economic concessions reasonably provided to the sublessee and reasonable tenant improvement costs paid or actually incurred by Tenant directly in connection with such the sublease: market-rate leasing commissions; rent concessions; reasonable costs of tenant improvements, capital improvements, building upgrades and permit fees; and reasonable attorneys’ fees not to exceed five thousand dollars ($5,000.00)in each case previously approved by Landlord in writing. Tenant T▇▇▇▇▇ agrees that the portion of any Assignment Consideration assignment consideration and/or Excess Rentals excess rentals arising from any assignment or subletting by Tenant which is to be paid to Landlord pursuant to this Article now is and shall then be the property of Landlord and not the property of Tenant.
Appears in 1 contract
Sources: Lease Agreement (EBR Systems, Inc.)