Splitting Profits Sample Clauses
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Splitting Profits. In the event Landlord has approved an assignment ----------------- or sublease of this leases as hereinabove provided, then Tenant shall pay to Landlord when and as received by Tenant one half of any consideration received by Tenant on account of any assignment or sublease to which Landlord's consent is required hereunder. Such payment to Landlord shall be equal to fifty percent of any consideration received by Tenant in excess of the Base Rent and other charges then payable by Tenant hereunder, after Tenant has recovered in full Tenant's reasonable costs, fees and expenses incurred in connection with such assignment or sublease, but limited to reasonable brokerage commissions, reasonable costs of architectural and engineering fees, and leasehold improvements required by the assignee or sublessee.
Splitting Profits. If Landlord has approved an assignment of this Lease or a sublease of the Premises as provided above or Tenant has made a Permitted Transfer, then Tenant shall pay to Landlord when and as received by Tenant 50% of any consideration received by Tenant in excess of the Base Rent and other charges then payable by Tenant hereunder (calculated on a per square foot basis), after Tenant has recovered Tenant’s reasonable costs, fees, and expenses incurred in connection with such assignment or sublease, including reasonable brokerage commissions, reasonable costs of architectural and engineering fees, and leasehold improvements required by the assignee or subtenant.