Bonus Rent. Any Rent or other consideration realized by Tenant under any such sublease or assignment in excess of the Rent payable hereunder, after the amortization of a reasonable brokerage commission and reasonable tenant improvement costs incurred by Tenant over the remaining term of the Lease, shall be divided and paid, seventy-five percent (75%) to Tenant, twenty-five percent (25%) to Landlord. In any subletting or assignment undertaken by Tenant, Tenant shall diligently seek to obtain the maximum rental amount available in the marketplace for comparable space available for primary leasing.
Bonus Rent. If Landlord consents to the Sublease or Assignment within fifteen (15) days after receipt of Tenant’s notice pursuant to Paragraph 10(b), Tenant may within one hundred twenty (120) days after Landlord’s consent, but not later than the expiration of said one hundred twenty (120) days, enter into such Assignment or Sublease of the Premises or portion thereof upon the terms and conditions set forth in the notice furnished by Tenant to Landlord pursuant to Paragraph 10(b). However, Tenant shall pay to Landlord fifty percent (50%) of the “Bonus Rent” (as defined below) attributable to such Sublease or Assignment. Tenant shall pay Bonus Rent to Landlord as and when it is received by Tenant, regardless of the time period to which it is attributable. “Bonus Rent” shall mean any rent or other consideration realized by Tenant under any and all Subleases and/or Assignments, including, without limitation, any sums paid for the sale or rental of the Tenant Improvements or any Alterations, that is in excess of the Monthly Base Rent and Additional Charges payable hereunder (or the amount thereof proportionate to the portion of the Premises subject to such Sublease(s) and/or Assignment(s)), after first deducting from such excess any costs payable by Tenant to Landlord pursuant to express provisions of this Lease in connection with Landlord’s review of Tenant’s request for consent to such Sublease(s) or Assignment(s), any reasonable legal fees and costs (up to a maximum of $15,000), and any customary brokers’ commissions that Tenant has incurred in connection with such Sublease or Assignment, all amortized on a straight line basis (without interest) over the term of the Sublease or Assignment in equal monthly installments.
Bonus Rent. Landlord shall be entitled to receive all Bonus Rent payable in connection with any assignment or sublease. Within fifteen (15) days after written request by Landlord, Tenant shall provide and certify to Landlord all financial information required for the calculation of Bonus Rent.
Bonus Rent. If Landlord consents to the Sublease or Assignment within fifteen (15) days after receipt of Tenant's notice pursuant to Paragraph 9(b), Tenant may thereafter within one hundred twenty (120) days after Landlord's consent, but not later than the expiration of said one hundred twenty (120) days, enter into such Assignment or Sublease of the Premises or portion thereof upon the terms and conditions set forth in the notice furnished by Tenant to Landlord pursuant to Paragraph 9(b). However, Tenant shall pay to Landlord seventy percent (70%) of the "Bonus Rent" (as defined below) attributable to such Sublease or Assignment. Tenant shall pay Bonus Rent to Landlord as and when it is received by Tenant, regardless of the time period to which it is attributable. "Bonus Rent" shall mean any rent or other consideration realized by Tenant under any and all Subleases and/or Assignments that is in excess of the Monthly Base Rent and Additional Charges payable hereunder (or the amount thereof proportionate to the portion of the Premises subject to such Sublease(s) and/or Assignment(s)), including, without limitation, any sums paid for the sale or rental of the Warm Shell Improvements and/or the Tenant Improvements, after first deducting from such excess the following:
Bonus Rent. Any Rent or other consideration realized by Tenant under any approved sublease or assignment in excess of the Base Rent payable hereunder, after amortization of a reasonable brokerage commission, reasonable attorneys' fees related to the subletting, and the cost of tenant improvements, if any, paid for by Tenant in excess of Tenant's Work, shall be divided and paid sixty (60%) percent to Tenant, forty (40%) percent to Landlord; provided, however, that if Tenant expends $70.00 per rentable square foot in excess of the Tenant improvement Allowance for Tenant's Work, exclusive of soft costs, the aforesaid division shall be seventy-five percent (75%) to Tenant and twenty-five percent (25%) to Landlord. In any subletting or assignment undertaken by Tenant, Tenant shall diligently seek to obtain the maximum rental amount available in the marketplace for such subletting or assignment.
Bonus Rent. 28 (f) Effect of Transfer.. . . . . . . . . . . . . . . . . . . . . . . . 29 (g)
Bonus Rent. Regarding Paragraph 12.3, in the event that the rent payable per square foot per month for any portion of the property subleased is in excess of the rent per square foot indicated in Paragraph 50 above, the excess rent ("Bonus Rent") shall be split 50/50 between Lessor and Lessee. Lessee shall pay all expenses associated with any proposed Sublease, including but not limited to, Tenant Improvements and Commissions. Lessee shall not receive any credit for said expenses, nor will said expenses have any effect on the "Bonus Rent" sharing indicated above. READ AND APPROVED: LANDLORD: TENANT: LEE XX XXXN XXX MACHONE COMMUNICATIONS, INC. A California Corporation By: /s/ LEE XX XXXN XXX By: /s/ PETEX X. XXXXX ------------------------ ------------------------- Title: Title: --------------------- ---------------------- Date: Date: ---------------------- -----------------------
Bonus Rent. On or before August 1, 2004, LAPA shall pay to County the sum of Two Hundred Fifty Thousand Dollars ($250,000) as Bonus Rent in consideration of the execution and delivery of this Lease by County; provided, however, such sum shall be applied to construction costs of the new shell rehabilitation project to supplement and not supplant previous LAPA pledges to the funding for that project, (or, if such sum exceeds such unpaid construction costs, it shall be held in trust by County, to be spent only for the same purposes as the Hollywood Bowl Improvement Account).
Bonus Rent. For any subleasing or assignment that is in the aggregate less than twenty-five percent (25%) of the Premises, any Rent or other consideration realized by Tenant under any such sublease or assignment, in excess of the Rent payable hereunder, after amortization of all transaction costs reasonably incurred in connection therewith, including but not limited to reasonable brokerage commission incurred by Tenant, legal fees, costs of improvements, shall be divided and paid, fifty percent (50%) to Tenant, fifty percent (50%) to Landlord ("BONUS RENT"). However, for any subleasing or assignment that is in the aggregate twenty-five percent (25%) or more of the Premises, then the Bonus Rent shall be divided and paid twenty-five percent (25%) to Tenant and seventy-five (75%) to Landlord. In any subletting or assignment undertaken by Tenant, Tenant shall diligently seek to obtain the maximum rental amount available in the marketplace for comparable space available for primary leasing.
