Common use of Processing Expenses Clause in Contracts

Processing Expenses. Tenant shall pay to Landlord, as Landlord’s cost of processing each proposed assignment or subletting (whether or not the same is ultimately approved by Landlord or consummated by Tenant), the sum of One Thousand Five Hundred Dollars ($1,500.00), plus all reasonable attorneys’ fees and expenses incurred by Landlord with respect to such proposed assignment or sublease, which attorneys’ fees and expenses shall not exceed $3,000.00 (collectively, “Processing Costs”); provided, however, that Tenant shall pay to Landlord any additional reasonable attorneys’ fees and expenses incurred by Landlord to the extent Tenant or its proposed assignee or subtenant does not execute Landlord’s standard form of consent. Notwithstanding anything to the contrary herein, Landlord shall not be required to process any request for Landlord’s consent to an assignment or subletting until Tenant has paid to Landlord the amount of Landlord’s estimate of the Processing Costs. When the actual amount of the Processing Costs is determined, it shall be reconciled with Landlord’s estimate, and any payments or refunds required as a result thereof shall promptly thereafter be made by the parties.