Common use of Annual Rent Clause in Contracts

Annual Rent. 3.3.1 Immediately upon Lessee’s receipt of monies from the operation of the F&B/R concessions herein authorized, the portion of monies belonging to Lessor under the terms of this Lease shall immediately be vested in and become the property of Lessor, and Lessee shall be responsible for the monies until the same are delivered to Lessor. 3.3.2 For purposes of this Lease, “Lease Year” means the twelve-month period beginning on January 1st and ending December 31st. “Prorated Lease Year” means the period from when Lessee begins operation or December 31st, whichever occurs first, until the beginning of the first Lease Year, and the period from the last Lease Year until termination.

Appears in 2 contracts

Samples: Rental Car Center Food, Beverage and Retail Concessions Lease, Food and Beverage/Retail Concessions Lease

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Annual Rent. 3.3.1 3.1.1 Immediately upon Lessee’s receipt of monies from the operation transaction fees and surcharges of the F&B/R concessions ATM concession herein authorized, the portion of monies belonging to Lessor under the terms of this Lease shall immediately be vested in and become the property of Lessor, and Lessee shall be responsible for the monies until the same it is are delivered to Lessor. 3.3.2 3.1.2 For purposes of this Lease, “Lease Year” means the twelve-month period beginning on January 1st and ending December 31st. “Prorated Lease Year” means the period from when Lessee begins operation or December 31st, whichever occurs firstoperation, until the beginning of the first Lease Year, and the period from the last Lease Year until termination.

Appears in 1 contract

Samples: Automated Teller Machine (Atm) Concessions Lease

Annual Rent. 3.3.1 Immediately upon Lessee’s receipt of monies from the operation of the F&B/R concessions Lounge concession herein authorized, the portion of monies belonging to Lessor under the terms of this Lease shall immediately be vested in and become the property of Lessor, and Lessee shall be responsible for the monies until the same are delivered to Lessor. 3.3.2 For purposes of this Lease, “Lease Year” means the twelve-month period beginning on January 1st 1 and ending December 31st31. “Prorated Lease Year” means the period from when Lessee begins operation Effective Date or December 31st31, whichever occurs first, until the beginning of the first Lease Year, and the period from the last Lease Year until termination.

Appears in 1 contract

Samples: Concession Lease

Annual Rent. 3.3.1 Immediately upon Lessee’s receipt of monies from the operation of the F&B/R F&B concessions herein authorized, the portion of monies belonging to Lessor under the terms of this Lease shall immediately be vested in and become the property of Lessor, and Lessee shall be responsible for the monies until the same are delivered to Lessor.Lessor.‌ 3.3.2 For purposes of this Lease, “Lease Year” means the twelve-month period beginning on January 1st and ending December 31st. “Prorated Lease Year” means the period from when Lessee begins operation or December 31st, whichever occurs first, until the beginning of the first Lease Year, and the period from the last Lease Year until termination.

Appears in 1 contract

Samples: Food and Beverage Concessions Lease

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Annual Rent. 3.3.1 Immediately upon Lessee’s receipt of monies from the operation of the F&B/R Retail and A ut om a t ed V end i n g concessions herein authorized, the portion of monies belonging to Lessor under the terms of this Lease shall immediately be vested in and become the property of Lessor, and Lessee shall be responsible for the monies until the same are delivered to Lessor. 3.3.2 For purposes of this Lease, “Lease Year” means the twelve-month period beginning on January 1st and ending December 31st. “Prorated Lease Year” means the period from when Lessee begins operation or December 31st, whichever occurs first, until the beginning of the first Lease Year, and the period from the last Lease Year until termination.

Appears in 1 contract

Samples: Lease Agreement

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