Common use of Transfer Fee Clause in Contracts

Transfer Fee. In addition to any other fees due as a result of an assignment or transfer, if the DPL consents to an assignment, or other transfer of the leased Premises, as particularly described in Article 1 of this Lease, it shall assess a fee of 25% of the remaining rent due under this Lease for the remainder of the Term of the Lease. The transfer fee shall be assessed and Lessee shall pay the fee to DPL at closing of the transfer.

Transfer Fee. In addition to any other fees due as a result of an assignment or transfer, if the DPL consents to an assignment, assignment or other transfer of the leased Premises, as particularly described in Article 1 of this Lease, it shall assess a fee of 25% of the remaining rent due under this Lease for the remainder of the Term of the Lease. The transfer fee shall be assessed and Lessee shall pay the fee to DPL at closing of the transfer.. DEPARTMENT OF PUBLIC LANDS P.O. Box 500380, Saipan, MP 96950 ARTICLE 15: STATUS OF SUBLEASES