Common use of AGENT COMMISSION Clause in Contracts

AGENT COMMISSION. In consideration of Agent's services in procurring this Lease and as a covenant running with the land, Landlord covenants with and for the benefit of the Agent, as follows: Agent is to receive a commission of six percent (6%) of the rent during the original term and all renewals or extensions thereof or any expansion of leased space by Tenant, relocation of Tenant by Landlord either within the Building or to any other property owned or controlled by Landlord or any new lease of the Leased Premises between any person and Tenant, its successors or assigns (such phrase used herein to include such entity in which Tenant, its successors or assigns, may have an interest a stockholder, partner, lender of money or otherwise); and no sale transfer, assignment, cancellation, or release including a sale or conveyance to Tenant, its successors or assigns, shall affect Agent's right to such commission which is hereby made a lien on the Leased Premises and all equipment thereon, if any. Agent shall have the right to collect all rents due hereunder so that its commission may be paid in installments as the rent is received, and retained by Agent before remitting the rent (less commissions) to Landlord; but if any act be done to deprive Agent of its right to collect the rent, then the whole amount of its commission then unpaid shall, at Agent's opinion, immediately become due and payable. Landlord further covenants with and for the benefit of Agent as a covenant running with the land, that if Tenant, its successors or assigns, shall at any time during the original term and all renewals or extensions thereof, (or during any new lease of the Leased Premises between any person and Tenant, its successors or assigns,) purchase the building in which the Premises are located, then in consideration of Agent's consummating this lease, Landlord shall pay Agent on the date the Premises are transferred at, a commission of six percent (6%) of the gross amount of the purchase price. Such a sales commission shall be in addition to the rental commissions provided for in the immediately proceeding paragraph and is hereby made a lien on the Leased Premises and all equipment thereon, if any. Landlord hereby authorizes Agent to institute legal proceedings for the recovery of any rent due under the provisions of this lease agreement and to employ an attorney for that purpose, and to charge all costs and fees to Landlord. In connection with all acts done or suffered by Agent for Landlord concerning the Leased Premises, Landlord further agrees to defend, indemnify and save Agent harmless from all fines, judgments, suits, claims, demands, and actions of any kind (including any costs and attorney's fees), and from liability for injury suffered by an employee or contractor (not in the permanent employ of Agent) engaged by Agent for the benefit of Landlord.

AGENT COMMISSION. In consideration of Agent's services in procurring procuring this Lease and as a covenant running with the land, Landlord covenants with and for the benefit of the Agent, as follows: Agent is to receive a commission of six Six percent (6( 6 %) of the rent during the original term and all renewals or extensions thereof or any expansion of leased space by Tenant, relocation of Tenant by Landlord either within the Building building or to any other property owned or controlled by Landlord or any new lease of the Leased Premises between any person and Tenant, its successors or assigns (such phrase used herein to include such entity in which Tenant, its successors or assigns, may have an interest as a stockholder, partner, lender of money or otherwise); and no sale transfer, assignment, cancellation, or release including a sale or conveyance to Tenant, its successors or assigns, shall affect Agent's right to such commission which is hereby made a lien on the Leased Premises and all equipment thereon, if any. Agent shall have the right to collect all rents due hereunder so that its commission may be paid in installments as the rent is received, and retained by Agent before remitting the rent (less commissions) to Landlord; but if any act be done to deprive Agent of its right to collect the rent, then the whole amount of its commission then unpaid shall, at Agent's opinionoption, immediately become due and payable. Landlord further covenants with and for the benefit of Agent as a covenant running with the landLand, that if Tenant, its successors or assigns, shall at any time during the original term and all renewals or extensions thereof, (or during any new lease of the Leased Premises between any person and Tenant, its successors or assigns,) ), purchase the building in which the Premises are located, then in consideration of Agent's consummating this leaseLease, Landlord shall pay Agent on the date the Premises are transferred attransferred, a commission of six Six percent (6( 6 %) of the gross amount of the purchase price. Such a sales commission shall be in addition to the rental commissions provided for in the immediately proceeding preceding paragraph and is hereby made a lien on the Leased Premises and all equipment thereon, if any. Landlord hereby authorizes Agent to institute legal proceedings for the recovery of any rent due under the provisions of this lease agreement Lease Agreement and to employ an attorney for that purpose, and to charge all costs and fees to Landlord. In connection with all acts done or suffered by Agent for Landlord concerning the Leased Premises, Landlord further agrees to defend, indemnify and save Agent harmless from all fines, judgments, suits, claims, demands, and actions of any kind (including any costs and attorney's fees), and from liability for injury suffered by an employee or contractor (not in the permanent employ of Agent) engaged by Agent for the benefit of Landlord.