Common use of Payment of Commission Clause in Contracts

Payment of Commission. The commission shall be due and payable to Tenant in cash (i) one half (1/2) at the time the Lease is signed and (ii) the balance on the earlier to occur of (a) the first day that Tenant occupies all or any portion of the space covered by the Lease, or (b) commencement of the term under the Lease. If Xxxxxx's lease is modified, the commission in relation to such modification will be due and payable in full at the time the modification is executed by Owner and Tenant. Tenant hereby agrees to pay to Xxxxxx Xxxxxx said commissions based on a separate agreement between Xxxxxx and Tenant Broker.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Payment of Commission. The commission shall be due and payable to Tenant in cash (i) one half (1/2) at the time the Lease is signed and (ii) the balance on the earlier to occur of (a) the first day that Tenant occupies all or any portion of the space covered by the Lease, or (b) commencement of the term under the Lease. If Xxxxxx's lease is modified, the commission in relation to such modification will be due and payable in full at the time the modification is executed by Owner and Tenant. Tenant hereby agrees to pay to Xxxxxx Xxxxxx said commissions Commissions based on a separate agreement between Xxxxxx Tenant and Tenant Broker.

Appears in 1 contract

Samples: Commission Agreement

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