Percentage Rent definition

Percentage Rent. As defined in Subsection 3.1(b).

Percentage Rent shall have the meaning given such term in Section 3.1.2(a).

Percentage Rent shall have the meaning given it in the Summary.

Examples of Percentage Rent in a sentence

• If, without objection by City, Tenant holds possession of the Premises after the Expiration Date, Tenant shall become a tenant from month to month, upon the terms of this Lease except that, the MAG shall not be applicable, and Base Rent shall be the Percentage Rent specified in the Summary during any such holdover period.

• If and when the MAG is reinstated, Tenant shall pay to City within five (5) days after City shall have given notice to Tenant of such reinstatement, the deficiency, if any, between the Percentage Rent paid by the Tenant and the MAG, for the month(s) following such reinstatement.

• Such payment shall be made with a receipt and proof of calculation and paid each: (check one) ☐ Monthly ☐ Quarterly ☐ Annually The Base Rent and the Percentage Rent shall be referred collectively to as the “Rent.” 7.

• The Port and Lessee agree that the term “Rent” shall mean and refer collectively to sums denominated as either Base Rent, Percentage Rent (if any), Additional Rent (if any) or any such other sums or charges otherwise payable by Lessee under the terms of this Lease.

• If and when the MAG is reinstated, Tenant shall pay to City within five (5) days after City shall have given notice to Tenant of such reinstatement, the deficiency, if any, between the Percentage Rent paid by Tenant and the MAG, for the month(s) following such reinstatement.

More Definitions of Percentage Rent

Percentage Rent. With respect to any Lease, the rent thereunder, if any, calculated as a percentage of the total sales generated by the related Tenant at the related Property in excess of (or in lieu of, as applicable) the Monthly Lease Payments as provided in the applicable Lease.

Percentage Rent. As defined in the Property Management Agreement.

Percentage Rent means percentage rent as determined from the most recent operating statement, to the extent deemed recurring and sustainable, determined on a trailing 12-month basis; provided, however, that for any particular tenant, the aggregate annual rent (including percentage rent) attributed to such tenant cannot exceed market rent.

Percentage Rent shall have the meaning set forth in Section 1.4(b)(ii).

Percentage Rent means, for any Fiscal Year during the Lease Term, thirty-three and one-third percent (331/3%) of the positive difference, if any, between the current year's Gross Golf Revenue and the Gross Golf Revenue for the Base Year, pro rated for any partial periods.

Percentage Rent means, as to any Ground Net Lease, such rent that is payable with respect thereto to a Loan Party or any of their Restricted Subsidiaries based on a percentage of property level performance (sales or otherwise).

Percentage Rent. As defined in Article 3. ---------------