Common use of Transfer Profits Clause in Contracts

Transfer Profits. In the event a sublease of Lessee's ---------------- space results in net rental greater than the Base Rental plus Additional Rental less the unamortized cost of the Lessee Improvements or the costs of any Sublease improvements (costs such as Tenant Improvements or Lease Commissions), such net profits shall be shared fifty percent (50%) by Lessor and fifty percent (50%) by Lessee.

Appears in 2 contracts

Sources: Office Lease (Citysearch Inc), Office Lease (Ticketmaster Online Citysearch Inc)