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 eight 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.