NYC 9/11 Public Portal Document
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(i) No subletting shall end later than one day before the Expiration
Date of this Lease or shall be for a term of less than two years, unless it ends not
more than one month before the Expiration Date.
32.6 Any assignment or subletting made in contravention of the provisions of
this Article 32 shall constitute a material breach of this Lease. Any such assignment
or subletting shall not be binding upon Landlord and, at Landlord's option; may be
treated as a nullity and of no force or effect whatsoever against Landlord.
32.7 In connection with any permitted subletting or assignment under this
Article 32, Tenant shall pay Landlord, as additional rent, fifty (50%) percent of the
Sublease/Assignment Premium (as defined herein) actually received from each such
sublease or assignment. Tenant shall pay the Sublease/Assignment Premium to
Landlord within twenty (20) days of receipt of same by Tenant from time to time.
"Sublease/ Assignment Premium" shall mean the difference between
(a) all rent, additional rent, and/or other monies, property,
and other consideration of every kind whatsoever received by Tenant from the
subtenant or assignee for, or by reason of, the assignment or the subletting (including
all amounts received by Tenant for, or attributable to, any property of Tenant), which
rent and additional rent, in the case of a sublease; and
(b) the sum of
(i) Base Rent and Additional Rent for Operating
sublease
Expenses and Real Estate Taxes allocable to the floor space covered by such
Lease;
(as reasonably determined by Landlord) and payable by Tenant pursuant to this
NYC-WTC 000136528
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