a Minimum Annual Guarantee Sample Clauses

a Minimum Annual Guarantee. For each contract year, October 1, 2023 to and including _September 31, 2028), during the term of this agreement, the minimum annual guarantee shall be the sum of: October 1, 2023 – September 31, 2024 $???? October 1, 2024 – September 31, 2025 $???? October 1, 2025 – September 31, 2026 $???? October 1, 2026 – September 31, 2027 $???? October 1, 2027 – September 31, 2028 $???? The City cannot predict the effect that future air carrier expansions, contractions, or relations will have on concession activity under any Agreement. Each Proposer is cautioned, therefore, to use its discretion when proposing. If the average monthly passenger Deplanements exceed a loss of 20% from the same three consecutive months of the base calendar year of 2022, Concessionaire’s minimum monthly guarantee shall be waived and Concessionaire shall pay the percentage fee (10%) only until the three consecutive months’ average passenger Deplanements improve to a loss less than 20% from the base year.