Common use of Excess Rents Clause in Contracts

Excess Rents. In the event that Tenant effects any Transfer and at any time receives rent and/or other consideration on a periodic basis which exceeds that which Tenant is obligated to pay to Landlord hereunder, Tenant shall pay to Landlord fifty percent (50%) of such excess rent or other consideration when and as received by Tenant, however, not later than 30 days after receipt of such excess consideration.

Appears in 2 contracts

Samples: Office Lease Agreement (Everspin Technologies Inc), Office Lease Agreement (Everspin Technologies Inc)

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Excess Rents. In the event that Tenant effects any a Transfer and at any time receives periodic rent and/or other consideration on a periodic basis which exceeds that which Tenant is obligated to pay to Landlord hereunder, Tenant shall pay to Landlord fifty percent (50%) all of such excess rent or other consideration when and as received by Tenant, however, not promptly (but in no event later than 30 days 2 days) after receipt of such excess considerationmonies.

Appears in 2 contracts

Samples: Industrial Lease Agreement (Hathaway Corp), Office Lease Agreement (Imtek Office Solutions Inc)

Excess Rents. In the event that Tenant effects any a Transfer and at any time receives periodic rent and/or other consideration on a periodic basis which exceeds that which Tenant is obligated to pay to Landlord hereunder, Tenant shall pay to Landlord fifty percent (50%) all of such excess rent or other consideration when and as received by Tenant, however, not promptly (but in no event later than 30 days two (2) days) after receipt of such excess considerationmonies.

Appears in 1 contract

Samples: Lease

Excess Rents. In the event that Tenant effects any a Transfer and at any time receives periodic rent and/or other consideration on a periodic basis which exceeds that which Tenant is obligated to pay to Landlord hereunder, Tenant shall pay to Landlord fifty percent one half (50%1/2) of such excess rent or other consideration when and as received by (net of Tenant’s reasonable out-of-pocket costs incurred in connection with such Transfer), however, not all of promptly (but in no event later than 30 days 2 days) after receipt of such excess considerationmonies.

Appears in 1 contract

Samples: Office Lease Agreement (Howard Bancorp Inc)

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Excess Rents. In the event that Tenant effects any Transfer and at ------------ any time receives rent and/or other consideration for occupancy of the Premises on a periodic basis which exceeds that which Tenant is obligated to pay to Landlord hereunder, Tenant shall pay to Landlord fifty percent (50%) of such excess rent or other consideration for occupancy of the Premises when and as received by Tenant, however, not later than 30 days after receipt of such excess consideration.

Appears in 1 contract

Samples: Office Lease Agreement (American Pharmaceutical Partners Inc /Ca/)

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