Common use of Percentage Rent Clause in Contracts

Percentage Rent. In addition to the Base Rent, Tenant shall also pay to Landlord each year percentage rent in an amount equal to percentage rent rate specified in Section 1.1(n) of this lease multiplied by the excess of (i) the total Gross Sales made in or from the Premises during the calendar year in question over (ii) the Breakpoint. As used herein, the “

Appears in 2 contracts

Samples: Retail Lease Agreement, Retail Lease Agreement

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Percentage Rent. In addition to the Base Rent(i) For each Fiscal Year, Tenant shall also pay to Landlord each year percentage rent in an amount equal to percentage rent rate specified in Section 1.1(nthe difference, if positive, between (x) 90% of this lease multiplied by the excess of Operating Income for such Fiscal Year and (iy) the total Gross Sales made in or from the Premises during the calendar year in question over Fixed Rent payable with respect to such Fiscal Year (ii) the Breakpoint. As used herein, the Percentage Rent”).

Appears in 2 contracts

Samples: Lease and Operating Agreement, Lease and Operating Agreement (Nevada Property 1 LLC)

Percentage Rent. In addition to the Base Rent, with respect to each Lease Year after 1992 Tenant shall also pay to Landlord each year percentage rent ("Percentage Rent") in an amount accordance with this Section 2.06 equal to percentage rent rate specified three percent (3%) of the amount by which the Gross Revenues (as defined in Section 1.1(n2.06.01) of this lease multiplied by each Leased Property in the excess applicable Lease Year exceed the Gross Revenues of (i) the total Gross Sales made in or from the Premises each Leased Property during the calendar year in question over (ii) the Breakpoint. As used herein, the “1992.

Appears in 2 contracts

Samples: Master Agreement (National Health Investors Inc), Master Agreement (National Healthcare Corp)

Percentage Rent. In addition to the Base RentRent with respect to each Lease Year after 2007, Tenant shall also pay to Landlord each year percentage rent Percentage Rent ("Percentage Rent") in an amount accordance with this Section 2.06 equal to percentage rent rate specified 4% of the amount by which the Gross Revenues (as defined in Section 1.1(nArticle 2.06.01) of this lease multiplied by each Leased Property in the excess applicable Lease Year exceeds the Gross Revenues of (i) the total Gross Sales made in or from the Premises such Leased Property during the calendar year in question over (ii) the Breakpoint. As used herein, the “2007.

Appears in 2 contracts

Samples: Master Agreement (National Health Investors Inc), Master Agreement (National Healthcare Corp)

Percentage Rent. In addition to the Base Rent, with respect to each Lease Year after 1999 Tenant shall also pay to Landlord each year percentage rent ("Percentage Rent") in an amount accordance with this Section 2.06 equal to percentage rent rate specified three percent (3%) of the amount by which the Gross Revenues (as defined in Section 1.1(n2.06.01) of this lease multiplied by each Leased Property in the excess applicable Lease Year exceed the Gross Revenues of (i) the total Gross Sales made in or from the Premises each Leased Property during the calendar year in question over (ii) the Breakpoint. As used herein, the “1999.

Appears in 2 contracts

Samples: Master Operating Lease (National Healthcare Corp), Master Operating Lease (National Health Realty Inc)

Percentage Rent. (a) In addition to the Base Minimum Rent, the Tenant shall also pay to Landlord the Landlord, in the manner and upon the conditions and at the times hereinafter set forth during each year Lease Year, as Percentage Rent, a sum equivalent to the amount, if any, by which the percentage rent in an amount equal to percentage rent rate of the Gross Revenue specified in Section 1.1(nsubsection 1.1(j) of this lease multiplied by for such Lease Year exceeds the excess of (i) the total Gross Sales made in or from the Premises Minimum Rent payable during the calendar year in question over (ii) the Breakpoint. As used herein, the “such Lease Year.

Appears in 1 contract

Samples: Lease

Percentage Rent. In addition to the Base Rent, Tenant shall also pay to Landlord each year percentage rent in an amount (“Percentage Rent”) with respect to each Percentage Rent Year as follows: The Percentage Rent for any Percentage Rent Year shall be equal to percentage rent rate specified in Section 1.1(nthe positive amount (if any) of this lease multiplied which is calculated by the excess of multiplying (i) the total Gross Sales made in or from the Premises during the calendar year in question over .08 by (ii) the Breakpoint. As used herein, amount by which Tenant’s Gross Sales for such Percentage Rent Year exceed the Percentage Rent Breakpoint for such Percentage Rent Year.

Appears in 1 contract

Samples: Lease Agreement (Cinemark Holdings, Inc.)

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Percentage Rent. In addition to the Base Rent, Tenant shall also pay to Landlord each year percentage rent in an amount equal to percentage rent rate specified in Section 1.1(nthe amount of five percent (5%) of this lease multiplied by the excess of (i) the total all Gross Sales made in or from (defined below) over the Premises during the calendar year in question over Percentage Break Point (ii) the Breakpoint. As used herein, the “Percentage Rent”). “

Appears in 1 contract

Samples: Cover Page

Percentage Rent. (a) In addition to the Base Annual Rent, Tenant shall also agrees to pay to Landlord each year percentage rent in an amount equal to percentage rent rate specified in Section 1.1(none percent (1%) of this lease multiplied by the excess of (i) the total Gross Sales (as hereinafter defined) made in in, on or from the Demised Premises during each Lease Year excess of the calendar year in question over 2/9 1 Xxxxxxx. lease quotient of the Annual Rent divided by (ii) hereinafter the Breakpoint. As used herein, the “Sales

Appears in 1 contract

Samples: Lease

Percentage Rent. In addition to the Base Rent, with respect to each twelve-month period beginning January 1, 2015, Tenant shall also pay to Landlord each year percentage rent (“Percentage Rent”) in an amount accordance with this Section 2.6 equal to percentage rent rate specified four percent (4%) of the amount by which the Gross Revenues (as defined in Section 1.1(n2.6(a)) of this lease multiplied by each Leased Property in the excess applicable twelve-month period exceeds the Gross Revenues of (i) the total Gross Sales made in or from the Premises each Leased Property during the calendar year in question over twelve-month period from January 1, 2014 to December 31, 2014 (ii) the Breakpoint. As used herein, the “Base Year”).

Appears in 1 contract

Samples: Lease (National Healthcare Corp)

Percentage Rent. In addition The Tenant shall pay to the Base RentLandlord in and for each Lease Year, Tenant shall also pay Percentage Rent (by monthly payments on account pursuant to Landlord each year percentage rent in Section 4.4 with an amount annual adjustment pursuant to Section 4.4) equal to percentage rent rate specified in Section 1.1(n) of this lease the amount by which Gross Revenue for such Lease Year multiplied by the excess of (irate set out in Section 1.1(g) for such Lease Year exceeds the total Gross Sales made in or from the Premises during the calendar year in question over (ii) the Breakpoint. As used herein, the “Minimum Rent payable for such Lease Year.

Appears in 1 contract

Samples: Sub Lease

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