Common use of Leasing Agent Clause in Contracts

Leasing Agent. (A) In consideration of the Leasing Agent's services in procuring this Lease, Landlord covenants with and for the benefit of the Leasing Agent as follows: The Leasing Agent is to receive a commission of ten percent (10%) of --- --- the Rent during the original term and all renewals, extensions or expansions thereof or any new Lease of the Leased Premises between any person and "Tenant, its successors or assigns" (such phrase used herein to include such entity in which Tenant, its successors or assigns may have an interest as a stockholder, partner, lender of money or otherwise); and no sale, transfer, assignment, cancellation or release, including a sale or conveyance to Tenant, its successors or assigns, shall affect the Leasing Agent's right to such commission which is hereby made a lien on the Leased Premises and all equipment thereon, if any. The Leasing Agent shall have the right to collect all rents due hereunder so that its commission may be paid in installments as the rent is received, and retained by the Leasing Agent before remitting the rent (less commissions) to Landlord, but if any act be done to deprive the Leasing Agent of its right to collect the rent, then the whole amount of its commission then unpaid shall, at the Leasing Agent's option, immediately become due and payable.

Appears in 3 contracts

Samples: Lease Agreement (Genesis Financial Group Inc \Va\), Lease (Genesis Financial Group Inc \Va\), Lease (Genesis Financial Group Inc \Va\)

AutoNDA by SimpleDocs

Leasing Agent. (A) In consideration of the Leasing Agent's services in procuring this Lease, Landlord covenants with and for the benefit of the Leasing Agent as follows: The Leasing Agent is to receive a commission of ten percent (10eight percent(8%) of --- --- ----- the Rent during the original term and all renewals, extensions or expansions thereof or any new Lease of the Leased Premises between any person and "Tenant, its successors or assigns" (such phrase used herein to include such entity in which Tenant, its successors or assigns may have an interest as a stockholder, partner, lender of money or otherwise); and no sale, transfer, assignment, cancellation or release, including a sale or conveyance to Tenant, its successors or assigns, shall affect the Leasing Agent's right to such commission which is hereby made a lien on the Leased Premises and all equipment thereon, if any. The Leasing Agent shall have the right to collect all rents due hereunder so that its commission may be paid in installments as the rent is received, and retained by the Leasing Agent before remitting the rent (less commissions) to Landlord, but if any act be done to deprive the Leasing Agent of its right to collect the rent, then the whole amount of its commission then unpaid shall, at the Leasing Agent's option, immediately become due and payable.

Appears in 3 contracts

Samples: Lease Agreement (Genesis Financial Group Inc \Va\), Lease (Genesis Financial Group Inc \Va\), Lease (Genesis Financial Group Inc \Va\)

Leasing Agent. (A) In consideration of the Leasing Agent's services in procuring this Lease, Landlord covenants with and for the benefit of the Leasing Agent as follows: The Leasing Agent is to receive a commission of ten six percent (10( 6 %) of --- --- the Base Rent during the original term and all renewals, extensions or expansions thereof or any new Lease of the Leased Premises between any person and "Tenant, its successors or assigns" (such phrase used herein to include such entity in which Tenant, its successors or assigns may have an interest as a stockholder, partner, lender of money or otherwise); and no sale, transfer, assignment, cancellation or release, including excluding a sale or conveyance to Tenant, its successors or assigns, shall affect the Leasing Agent's right to such commission which is hereby made a lien on the Leased Premises and all equipment thereon, if any. The Leasing Agent shall have the right to collect all rents due hereunder so that its commission may be paid in installments as the rent Base Rent is received, and retained by the Leasing Agent before remitting the rent Base Rent (less commissions) to Landlord, but if any act be done to deprive the Leasing Agent of its right to collect the rentrents, then the whole amount of its commission then unpaid shall, at the Leasing Agent's option, immediately become due and payable.

Appears in 1 contract

Samples: Lease (Innotech Inc)

AutoNDA by SimpleDocs

Leasing Agent. (A) In consideration of the Leasing Agent's services in procuring this Lease, Landlord covenants with and for the benefit of the Leasing Agent as follows: The Leasing Agent is to receive a commission of ten percent (10%) of --- --- the Rent during the original term and all renewals, extensions or expansions thereof or any new Lease of the Leased Premises between any person and "Tenant, its successors or assigns" (such phrase used herein to include such entity in which Tenant, its successors or assigns may have an interest as a stockholder, partner, lender of money or otherwise); and no sale, transfer, assignment, cancellation or release, including a sale or conveyance to Tenant, its successors or assigns, shall affect the Leasing Agent's right to such commission which is hereby made a lien on the Leased Premises and all Landlord equipment thereon, if any. The Leasing Agent shall have the right to collect all rents due hereunder so that its commission may be paid in installments as the rent is received, and retained by the Leasing Agent before remitting the rent (less commissions) to Landlord, but if any act be done to deprive the Leasing Agent of its right to collect the rent, then the whole amount of its commission then unpaid shall, at the Leasing Agent's option, immediately become due and payable.

Appears in 1 contract

Samples: Lease (Access Integrated Technologies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.