Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 31 contracts
Sources: Standard Industrial/Commercial Single Tenant Lease (Sugarmade, Inc.), Standard Industrial/Commercial Single Tenant Lease (Diversified Opportunities, Inc.), Standard Industrial/Commercial Single Tenant Lease (Cii Financial Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 11 contracts
Sources: Lease Agreement (Social Capital Suvretta Holdings Corp. I), Standard Industrial/Commercial Multi Tenant Lease Gross (Social Capital Suvretta Holdings Corp. I), Standard Industrial/Commercial Multi Tenant Lease Gross (Vincera Pharma, Inc.)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 8 contracts
Sources: Standard Industrial/Commercial Single Tenant Lease (Dippy Foods Inc), Lease Agreement (Sync Research Inc), Sublease Agreement (Xoma Corp /De/)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 6 contracts
Sources: Standard Industrial/Commercial Multi Tenant Lease (Exagen Inc.), Standard Multi Tenant Office Lease (America Great Health), Lease Agreement (Liquidmetal Technologies Inc)
Assumption of Obligations. Any buyer or transferee of Lessor▇▇▇▇▇▇'s interest in this Lease shall be deemed to have assumed Lessor▇▇▇▇▇▇'s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee▇▇▇▇▇▇'s Broker when due, Lessee▇▇▇▇▇▇'s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee▇▇▇▇▇▇'s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor▇▇▇▇▇▇'s BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 5 contracts
Sources: Standard Multi Tenant Office Lease (America Great Health), Standard Multi Tenant Office Lease (America Great Health), Office Lease
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 5 contracts
Sources: Standard Industrial/Commercial Single Tenant Lease, Asset Purchase Agreement (Item 9 Labs Corp.), Standard Industrial/Commercial Single Tenant Lease Gross
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 5 contracts
Sources: Lease Agreement (Hancock Jaffe Laboratories, Inc.), Standard Industrial/Commercial Single Tenant Lease (Fox Factory Holding Corp), Standard Industrial/Commercial Single Tenant Lease Net (Wesco Aircraft Holdings, Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after aGer said notice, Lessee shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 4 contracts
Sources: Lease Agreement, Standard Industrial/Commercial Multi Tenant Lease Net, Standard Industrial/Commercial Multi Tenant Lease Gross
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's ’s Broker.
Appears in 3 contracts
Sources: Sublease (Digirad Corp), Standard Industrial/Commercial Single Tenant Lease (Capstone Turbine Corp), Standard Industrial/Commercial Single Tenant Lease (Nutech Digital Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after aGer said notice, Lessee shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 3 contracts
Sources: Lease Agreement, Standard Industrial/Commercial Multi Tenant Lease Net, Standard Multi Tenant Office Lease Net
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker : Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if If Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerLassoes Broker for the limited purpose of collecting any brokerage tee owed.
Appears in 2 contracts
Sources: Standard Industrial/Commercial Multi Tenant Lease, Standard Industrial Commercial Multi Tenant Lease Net (American Consolidated Management Group Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's L▇▇▇▇▇’s interest in this Lease shall be deemed to have assumed Lessor's L▇▇▇▇▇’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's L▇▇▇▇▇’s Broker when due, Lessee's L▇▇▇▇▇’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's L▇▇▇▇▇’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 2 contracts
Sources: Lease Agreement (Brownie's Marine Group, Inc), Lease Agreement (Brownie's Marine Group, Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 2 contracts
Sources: Standard Industrial/Commercial Multi Tenant Lease Net (International Stem Cell CORP), Standard Industrial/Commercial Multi Tenant Lease Gross
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, . Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's ’s Broker.
Appears in 2 contracts
Sources: Standard Industrial/Commercial Single Tenant Lease (Nextest Systems Corp), Standard Industrial/Commercial Single Tenant Lease (Nextest Systems Corp)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails falls to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's ’s Broker.
Appears in 2 contracts
Sources: Standard Industrial/Commercial Single Tenant Lease (Dolby Laboratories, Inc.), Lease Agreement (Dolby Laboratories, Inc.)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to is Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its the Broker and offset such amounts against Rent. In addition, Lessee's Broker broker shall be deemed to be a third party beneficiary of or any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage so owed.
Appears in 2 contracts
Sources: Standard Industrial/Commercial Multi Tenant Lease (Ironclad Performance Wear Corp), Lease Agreement (Ironclad Performance Wear Corp)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 22, and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) with 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third third-party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 2 contracts
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then than such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said said-notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 2 contracts
Sources: Standard Industrial/Commercial Single Tenant Lease Net (SMTC Corp), Lease Agreement (SMTC Corp)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 151.9,15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 2 contracts
Sources: Standard Industrial/Commercial Single Tenant Lease Net (Glass House Brands Inc.), Lease Agreement (Fox Factory Holding Corp)
Assumption of Obligations. Any buyer or transferee of LessorL▇▇▇▇▇'s interest in this Lease shall be deemed to have assumed LessorL▇▇▇▇▇'s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to LesseeL▇▇▇▇▇'s Broker when due, LesseeL▇▇▇▇▇'s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee L▇▇▇▇▇ shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, LesseeL▇▇▇▇▇'s Broker shall be deemed to be a third party beneficiary beneficiary of any commission agreement entered into by and/or between Lessor and LessorL▇▇▇▇▇'s BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 2 contracts
Sources: Lease Agreement (Ceribell, Inc.), Lease Agreement (Ceribell, Inc.)
Assumption of Obligations. Any buyer or transferee of Lessor's interest ’s Interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 1514, 22 21 and 3130. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then than such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's ’s Broker.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Eschelon Telecom Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Lessor s Broker.
Appears in 1 contract
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, addition if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts amount against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's ’s Broker.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Net (Osmetech PLC)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.101.13, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after aGer said notice, Lessee shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Assumption of Obligations. Any buyer or transferee of Lessor's ▇▇▇▇▇▇’s interest in this Lease shall be deemed to have assumed Lessor's ▇▇▇▇▇▇’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary of the provisions of Paragraphs 1.10, 151.9,15, 22 and 31. If Lessor ▇▇▇▇▇▇ fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ▇▇▇▇▇▇’s Broker when due, Lessee's ▇▇▇▇▇▇’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ▇▇▇▇▇▇’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's ’s Broker.
Appears in 1 contract
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Sionix Corp)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Single Tenant Lease (Invivo Corp)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.. PAGE 8 OF 11 Initials /s/ DP, AL ------------
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Entech Environmental Technologies Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Sources: Standard Industrial/Commercial Multi Tenant Lease (Alldigital Holdings, Inc.)
Assumption of Obligations. Any buyer or transferee of Lessor's interest Interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, . Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Lease Agreement (Luminent Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's ▇▇▇▇▇▇’s interest in this Lease shall be deemed to have assumed Lessor's ▇▇▇▇▇▇’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ▇▇▇▇▇▇’s Broker when due, Lessee's ▇▇▇▇▇▇’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ▇▇▇▇▇▇’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Sources: Standard Multi Tenant Office Lease Gross (Signing Day Sports, Inc.)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then than such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Sources: Lease Agreement (Nexsan Corp)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 15,22 and 31. If Lessor fails to pay a to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Intest Corp)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails falls to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's ’s Broker.. 15.3
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Prolong International Corp)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.Broker for the
Appears in 1 contract
Sources: Standard Multi Tenant Office Lease (Villageedocs Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest Interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Sublease Agreement (Mediaplex Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Lessors Broker.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Net (MRV Communications Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest Interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.101.13, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Sources: Net Lease (Dave Inc./De)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's obligation ’s obligations hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs Paragraph 1.10, 15, 22 22, and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's ’s Broker.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Net (Cerus Corp)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. interest, In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, . 22 and 31. If Lessor fails falls to pay Pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In interest, in addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Gross (Singing Machine Co Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts amount shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Net (Eco Soil Systems Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs Paragraph 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Net (TTM Technologies Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 151.10,15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestincur interest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of if any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker with interest.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Napster Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if If Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Sources: Standard Multi Tenant Office Lease (Freehand Information Systems, Inc.)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after aGer said notice, Lessee shall pay said monies to its Broker and offset offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Gross
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be he deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) 10 days after said sold notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Assumption of Obligations. Any buyer or transferee of Lessor's interest in In this Lease shall be deemed to have assumed Lessor's Lessors obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.1011.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into Into by and/or between Lessor and Lessor's Lessors Broker.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Tangible Asset Gallaries Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.101.9, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor Lesser fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor Lesser fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker’s Broker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease Net (Osmetech PLC)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation obligations hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. , If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into Into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Lease Agreement (Security Associates International Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's ’s interest in this Lease shall be deemed to have assumed Lessor's ’s obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's ’s Broker when due, Lessee's ’s Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within with ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's ’s Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's ’s Broker.
Appears in 1 contract
Sources: Lease Amendment (Copart Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if it Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Standard Industrial Commercial Single Tenant Lease Net (Ipl Systems Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker Brokers shall be a third party beneficiary beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker Brokers any amounts due as and for commissions brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if If Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if If Lessor fails to pay such amounts within ten (10) 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In in addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into Into by and/or between Lessor and Lessor's BrokerBroker for the limited purpose of collecting any brokerage fee owed.
Appears in 1 contract
Sources: Standard Industrial/Commercial Multi Tenant Lease (uWink, Inc.)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts amount to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Standard Industrial/Commercial Single Tenant Lease (Burke Flooring Products Inc)
Assumption of Obligations. Any buyer or transferee of Lessor's interest in this Lease shall be deemed to have assumed Lessor's obligation hereunder. Each Broker shall be a third party beneficiary of the provisions of Paragraphs 1.101,10, 15, 22 and 31. If Lessor fails to pay to a Broker any amounts due as and for commissions pertaining to this Lease when due, then such amounts shall accrue Interestinterest. In addition, if Lessor fails to pay any amounts to Lessee's Broker when due, Lessee's Broker may send written notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within ten (10) days after said notice, notice Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee's Broker shall be deemed to be a third party beneficiary of any commission agreement entered into by and/or and for between Lessor and Lessor's Broker.
Appears in 1 contract
Sources: Standard Industrial Commercial Single Tenant Lease (En Pointe Technologies Inc)