Common use of Bonus Value Clause in Contracts

Bonus Value. It is the intent of the parties hereto that this Lease shall confer upon Lessee only the right to use and occupy the Premises, and to exercise such other rights as are conferred upon Lessee by this Lease. The parties agree that this Lease is not intended to have a bonus value, nor to serve as a vehicle whereby Lessee alone may profit by a future Transfer of this Lease or the right to use or occupy the Premises as a result of any favorable terms contained herein or any future changes in the market for leased space. It is the intent of the parties that any such bonus value (which shall include deductions only for (i) any commission paid by Lessee, to the extent reasonable and paid to a third party, and (ii) legal fees of not more than One Thousand Dollars ($1,000.00) paid by Lessee) that may attach to this Lease shall be shared equally by Lessor and Lessee.

Appears in 2 contracts

Sources: Lease Agreement (Asante Solutions, Inc.), Lease Agreement (Asante Solutions, Inc.)