Continuing Payment Clause Samples

Continuing Payment. (a) Until the first to occur of (a) a sale by HWG of its interests in Hallwood Commercial Real Estate, LLC ("HCRE") and Hallwood Realty, LLC ("HRC") or (b) the exercise of the option pursuant to Section 6.6 of this Agreement, HWG will pay (the "Section 5.1 Payment") to Epsilon, within 30 days after the end of each fiscal quarter ending after the Closing Date, the lesser of (x) 20% of the Net Cash Flow of the Hallwood Group Realty Segment for the preceding quarter, or (y) the sum of $125,000. (b) For purposes of this Section, the Net Cash Flow of the Hallwood Group Realty Segment means the sum of "Total operating cash flow" and "Total other changes" reflected on the Combined Statements of Cash Flows of Hallwood Commercial Real Estate, LLC and Hallwood Realty, LLC for the relevant period, on a basis consistent with past practice. For purposes of determining the Net Cash Flow, personnel costs and payments to affiliates shall be deducted only to the extent that such costs and payments are consistent with past practice.

Continuing Payment. Until such time as Landlord shall elect to terminate this Lease and shall thereupon be entitled to recover the amounts specified in such case by this Article, Tenant shall pay to Landlord upon demand the full amount of all Rent under this Lease and other sums reserved in this Lease for the remaining Term, together with the costs of repairs, alterations, additions, redecorating and Landlord's expenses of reletting and the collection of the rent accruing therefrom (including attorney's fees and broker's commissions), as the same shall then be due or become due from time to time, less only such consideration as Landlord may have received from any reletting of the Premises; and ▇▇▇▇▇▇ agrees that Landlord may file suits from time to time to recover any sums falling due under this Article as they become due. Any proceeds of reletting by Landlord in excess of the amount then owed by Tenant to Landlord from time to time shall be credited against ▇▇▇▇▇▇'s future obligations under this Lease but shall not otherwise be refunded to Tenant or inure to ▇▇▇▇▇▇'s benefit.