Transfer Premium. If [[Landlord:Organization]] consents to a Transfer, as a condition thereto which the parties hereby agree is reasonable, [[Tenant:Organization]] shall pay to [[Landlord:Organization]] fifty percent (50%) of any “Transfer Premium,” as that term is defined in this Section 14.3, received by [[Tenant:Organization]] from such Transferee. “Transfer Premium” shall mean all rent, additional rent or other consideration payable by such Transferee in connection with the Transfer and related to the value of [[Tenant:Organization]]’s leasehold interest in excess of the Rent and Additional Rent payable by [[Tenant:Organization]] 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:Organization]] for # any changes, alterations and improvements (including demising costs) to the Premises (or allowances in lieu thereof), in connection with the Transfer (or any improvement allowance provided to the Transferee by [[Tenant:Organization]]), # any free base rent reasonably provided to the Transferee in connection with the Transfer (provided that such free rent shall be deducted only to the extent the same is included in the calculation of total consideration payable by such Transferee), and # any brokerage commissions in connection with the Transfer, # legal fees reasonably incurred in connection with the Transfer and # the market value of any furniture, fixtures or equipment provided to the Transferee at no cost as part of the Transfer (collectively, “[[Tenant:Organization]]’s Subleasing Costs”). “Transfer Premium” shall also include, but not be limited to, key money, bonus money or other cash consideration paid by Transferee to [[Tenant:Organization]] in connection with such Transfer, and any payment in excess of fair market value for services rendered by [[Tenant:Organization]] to Transferee or for assets, fixtures, inventory, equipment, or furniture transferred by [[Tenant:Organization]] to Transferee in connection with such Transfer. The determination of the amount of [[Landlord:Organization]]’s applicable share of the Transfer Premium shall be made on a monthly basis as rent or other consideration is received by [[Tenant:Organization]] under the Transfer. For purposes of calculating the Transfer Premium on a
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 Section 14.3, 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 (including any Additional Tenant Improvement Allowance Payment) during the term of the Transfer on a per rentable square foot basis if less than all of the Premises is transferred, and after deduction of # any costs of improvements made to the Subject Space in connection with such Transfer (which may include the unamortized cost of the Tenant Improvements to the extent paid for by Tenant directly rather than through the Additional TI Allowance), # brokerage commissions paid in connection with such Transfer, and # reasonable [[Organization A:Organization]] fees incurred in connection with such 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. Notwithstanding the foregoing, the reduction in Base Rent in the first six (6) months of the Lease Term under Section 4 of the Summary shall be disregarded when calculating the Transfer Premium during such period. The determination of the amount of Landlord's applicable share of the Transfer Premium shall be made on a monthly basis as rent or other consideration is received by Tenant under the Transfer.
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 XE "Transfer Premium" ," as that term is defined in this Section 14.3, 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, and after deduction of # any
Transfer Premium. If Landlord consents to a Transfer (and does not exercise any recapture right pursuant to Paragraph 22.5), as a condition thereto which the parties hereby agree is reasonable, Tenant shall pay Landlord fifty percent (50%) of any Transfer Premium derived by Tenant from such Transfer. Transfer Premium shall mean the rent, additional rent or other consideration paid or to be paid by such Transferee for the Transfer (including, but not limited to, payments in excess of fair market value for Tenants assets, trade fixtures, equipment and other tangible personal property, but excluding any intangible property) in excess of the Rent payable by Tenant under this Lease (on a monthly basis during the Term, and on a per rentable square foot basis, if less than all of the Premises is transferred), calculated after deducting Permitted Transfer Costs. As used herein, Permitted Transfer Costs means the actual costs incurred and paid by Tenant for # any leasing commissions (not to exceed commissions typically paid in the San Mateo office market at the time of such Transfer), # improvements allowances provided to the Transferee, and # reasonable [[Organization B:Organization]] fees and expenses paid in connection with documenting, reviewing and approving the Transfer, reasonably incurred by Tenant in connection with the Transfer. If Tenant shall enter into multiple Transfers, the Transfer Premium payable to Landlord shall be calculated independently with respect to each Transfer. The Transfer Premium due Landlord hereunder shall be paid within fifteen (15) days after Tenant receives any Transfer Premium from the Transferee. Landlord or its authorized representatives shall have the right at all reasonable times to review the books, records and papers of Tenant relating to any Transfer, and shall have the right to make copies thereof. The parties acknowledge that no Transfer Premium shall be payable in connection with a Transfer to a Permitted Transferee.
Transfer Premium. Notwithstanding any provision to the contrary set forth in the Lease, as of the date hereof, Tenant shall only be obligated to pay Landlord forty percent (40%) of any Transfer Premium (as defined in [Section 14.3] of the Office Lease) received by Tenant from any Transferee (as defined in [Section 14.1] of the Office Lease), other than a Permitted Transferee.
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