Document ID: 13932

Text:
14.3 Transfer Premium. If Landlord consents to a Transfer, as a condition thereto which the parties hereby agree is reasonable, Tenant shall pay to Landlord fifty percent (50%)of any Transfer Premium, as that term is defined in this Section14.3, received by Tenant from such Transferee. Transfer Premium shall mean all rent, additional rent or other consideration payable by such Transferee in connection with the Transfer in excess of the Rent and Additional Rent payable by Tenant under this Lease during the term of the Transfer on a per rentable square foot basis if less than all of the Premises is transferred, after deducting the reasonable expenses incurred by Tenant for (i)any changes, alterations and improvements to the Premises in connection with the Transfer, (ii)any free base rent or other economic concessions reasonably provided to the Transferee, and (iii)any reasonable legal fees and brokerage commissions in connection with the Transfer. Transfer Premium shall also include, but not be limited to, key money, bonus money or other cash consideration paid by Transferee to Tenant in connection with such Transfer, and any payment in excess of fair market value for services rendered by Tenant to Transferee or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to Transferee in connection with such Transfer. For purposes of calculating any such effective rent all such concessions shall be amortized on a straight-line basis over the relevant term.

Named Entities:
33
34
Percentage

Tokenized Text:
14
.
3
Transfer
Premium
.
If
Landlord
consents
to
a
Transfer
,
as
a
condition
thereto
which
the
parties
hereby
agree
is
reasonable
,
Tenant
shall
pay
to
Landlord
fifty
percent
(
50
%
)
of
any
Transfer
Premium
,
as
that
term
is
defined
in
this
Section14
.
3
,
received
by
Tenant
from
such
Transferee
.
Transfer
Premium
shall
mean
all
rent
,
additional
rent
or
other
consideration
payable
by
such
Transferee
in
connection
with
the
Transfer
in
excess
of
the
Rent
and
Additional
Rent
payable
by
Tenant
under
this
Lease
during
the
term
of
the
Transfer
on
a
per
rentable
square
foot
basis
if
less
than
all
of
the
Premises
is
transferred
,
after
deducting
the
reasonable
expenses
incurred
by
Tenant
for
(
i
)
any
changes
,
alterations
and
improvements
to
the
Premises
in
connection
with
the
Transfer
,
(
ii
)
any
free
base
rent
or
other
economic
concessions
reasonably
provided
to
the
Transferee
,
and
(
iii
)
any
reasonable
legal
fees
and
brokerage
commissions
in
connection
with
the
Transfer
.
Transfer
Premium
shall
also
include
,
but
not
be
limited
to
,
key
money
,
bonus
money
or
other
cash
consideration
paid
by
Transferee
to
Tenant
in
connection
with
such
Transfer
,
and
any
payment
in
excess
of
fair
market
value
for
services
rendered
by
Tenant
to
Transferee
or
for
assets
,
fixtures
,
inventory
,
equipment
,
or
furniture
transferred
by
Tenant
to
Transferee
in
connection
with
such
Transfer
.
For
purposes
of
calculating
any
such
effective
rent
all
such
concessions
shall
be
amortized
on
a
straight-line
basis
over
the
relevant
term
.