Common use of Assignment Revenues Clause in Contracts

Assignment Revenues. In the event that Tenant assigns this Lease with respect to all or any portion of the Premises (the "assigned premises"), Tenant shall pay to Landlord the amount, if any, by which all amounts paid to Tenant in consideration of such assignment exceed the sum of (a) all Monthly Rent and Additional Rent paid by Tenant for the assigned premises for the period from the date Tenant vacated the same (and provided Landlord with written notice of such vacation) until the effective date of the assignment and (b) all brokerage commissions reasonably incurred by the assigning tenant in connection with such assignment.

Appears in 2 contracts

Sources: Office Lease (Suburban Lodges of America Inc), Office Lease (Link2gov Corp)