Calculation of Percentage Rent Sample Clauses

Calculation of Percentage Rent. Subject to proration as set forth above, Tenant shall pay Percentage Rent in respect of each Fiscal Year under this Agreement equal to (a) ten percent (10%) of the Total Facility Revenue for such Fiscal Year in excess of the Threshold, less (b) the amount by which annual Minimum Rent in the Fiscal Year for which Percentage Rent is being calculated exceeds the amount of annual Minimum Rent due for the first (1st) Accounting Year under this Agreement.
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Calculation of Percentage Rent. In addition to the Minimum Rent to be paid by Tenant pursuant to Section 4, Tenant shall pay to Landlord, at the time and in the manner herein specified, without demand, deduction or offset (except as specifically permitted in this Lease), additional rent in an amount equal to the product of the percentage rent rate set forth in Paragraph 1.16 (the “Percentage Rent Rate”) multiplied by the dollar amount of Tenant’s “Gross Sales” (as defined in Paragraph 7.1(d) below) made in, upon, or from the Premises during each calendar year of the Term, less the aggregate amount of the Minimum Rent, Tenant’s Share of Adjustments (as set forth in Paragraph 7.2), and Tenant’s Monthly Parking Fee (as set forth in Paragraph 25.3(b) of the Addendum), and Promotional Fund dues (as set forth in Paragraph 30), previously paid or payable by Tenant and allocable to said Lease Year calendar year (“Annual Breakpoint”) (such additional rent is referred to herein as “Percentage Rent”). Clearly agree about what items can be of fset against percentage rent. Minimum rent is common, but common area maintenance charges, taxes, promotion fund payments, etc. may also be of fset.
Sample 1
Calculation of Percentage Rent. Percentage Rent shall be calculated on an annualized calendar year, i.e. Lease Year, basis, or pro rata portion thereof, and deficits or losses shall not be carried forward from one calendar year to the next calendar year in making such computation. Tenant shall provide Landlord by February 1 of each year an estimated pro forma statement for that Lease Year showing the expected Gross Revenue, and the amount of expected Percentage Rent calculated in good faith on the basis of information then available to Tenant. Within thirty
Sample 1
Calculation of Percentage Rent. Tenant covenants and agrees to pay to Landlord, from and after the Lease Assignment Date and through the date that is one (1) day before the Scheduled PILOT Conversion Date (with respect to the PA Retail Space, in respect of any period for which the amount of PA Retail Space is equal to or greater than 5,000 square feet), Percentage Rent, determined in accordance with this Section 3.2(a). Percentage Rent for any Lease Year shall be the sum of:
Sample 1
Calculation of Percentage Rent. Percentage Rent for any Lease Year shall be 15% of the amount by which Gross Revenues for the applicable Lease Year exceed $8,000,000. EXHIBIT C PRELIMINARY STATEMENT OF CASH AND WORKING CAPITAL (To Be Inserted) ASSETS LIABILITIES NET WORKING CAPITAL ASSET SCHEDULE 4.1 RESERVED SCHEDULE 4.1(a) MONTHLY BASE RENT PAYMENT SCHEDULE 2007 2008 January 9,000 February 10,000 March 20,000 April 7,000 May 7,000 June 19,000 19,000 July 189,000 189,000 August 302,000 302,000 September 90,000 90,000 October 7,000 7,000 November 7,000 7,000 December 53,000 53,000 TOTAL 667,000 720,000 SCHEDULE 4.1(b) ADDITIONAL BASE RENT SCHEDULE None.
Sample 1
Calculation of Percentage Rent. Percentage Rent is the amount (if any) calculated by applying the percentage stated in Item 8 to the amount by which the Gross Sales for the Lease Year exceed the Percentage Rent Qualification Threshold.
Sample 1
Calculation of Percentage Rent. (A) Subject to the terms of this Article 3, Tenant shall pay to Landlord, as additional rent, an annual amount equal to the product obtained by multiplying (i) the Percentage Rent Rate, by (ii) the excess of (X) the Gross Sales for each Sales Year, over (Y) the Applicable Breakpoint.
Sample 1
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Calculation of Percentage Rent. Tenant covenants and agrees to pay to Landlord, from and after the Delivery Date and through the date that is one (1) day before the Scheduled PILOT Conversion Date, Percentage Rent, determined in accordance with this SECTION 3.2(a). Percentage Rent for any Lease Year shall be the sum of the following amounts:
Sample 1

Related to Calculation of Percentage Rent

  • Confirmation of Percentage Rent Lessee shall utilize, or cause to be utilized, an accounting system for the Leased Property in accordance with its usual and customary practices, and in accordance with generally accepted accounting principles, that will accurately record all data necessary to compute Percentage Rent, and Lessee shall retain, for at least four (4) years after the expiration of each Fiscal Year (and in any event until the reconciliation described in Subsection 3.1(c) for such Fiscal Year has been made), reasonably adequate records conforming to such accounting system showing all data necessary to compute Percentage Rent for the applicable Fiscal Years. Lessor, at its expense (except as provided hereinbelow), shall have the right from time to time, upon prior written notice to Lessee and Manager, by its accountants or representatives to audit the information that formed the basis for the data set forth in any Officer’s Certificate provided under Subsection 3.1(d) and, in connection with such audits, to examine all Lessee’s records (including supporting data and sales and excise tax returns) reasonably required to verify Percentage Rent, subject to any prohibitions or limitations on disclosure of any such data under Legal Requirements; provided, however that Lessor may only inspect or audit records in Manager’s possession subject to the terms of Lessee’s access thereto under the Management Agreement. If any such audit discloses a deficiency in the payment of Percentage Rent, and either Lessee agrees with the result of such audit or the matter is otherwise determined or compromised, Lessee shall forthwith pay to Lessor the amount of the deficiency, as finally agreed or determined, together with interest at the Overdue Rate from the date when said payment should have been made to the date of payment thereof; provided, however, that as to any audit that is commenced more than two (2) years after the date Percentage Rent for any Fiscal Year is reported by Lessee to Lessor, the deficiency, if any, with respect to such Percentage Rent shall bear interest at the Overdue Rate only from the date such determination of deficiency is made unless such deficiency is the result of gross negligence or willful misconduct on the part of Lessee, in which case interest at the Overdue Rate will accrue from the date such payment should have been made to the date of payment thereof. If any such audit discloses that the Percentage Rent actually due from Lessee for any Fiscal Year exceed those reported by Lessee by more than three percent (3%), Lessee shall pay the cost of such audit and examination. Any proprietary information obtained by Lessor pursuant to the provisions of this Section shall be treated as confidential, except that such information may be used, subject to appropriate confidentiality safeguards, in any litigation between the parties and except further that Lessor may disclose such information to prospective lenders. The obligations of Lessee contained in this Section shall survive the expiration or earlier termination of this Lease.

  • Basis for calculation of periodic payments All interest and commitment fee and any other payments under any Finance Document which are of an annual or periodic nature shall accrue from day to day and shall be calculated on the basis of the actual number of days elapsed and a 360 day year.

  • Interest Rates Payments and Calculations (a) Interest Rate. -------------

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

  • Percentage Rent In addition to the Base Rent, Lessee shall be: (check one) ☐ - Not required to make payments related to Lessee’s sales or revenue (“Percentage Rent”). ☐ - Required to pay __________________ percent (____%) of __________________ (gross sales, net sales, etc.). Such payment shall be made ☐ Monthly ☐ Quarterly ☐ Annually along with a receipt to show proof of percentage calculation (“Percentage Rent”). The Base Rent and the Percentage Rent shall be referred collectively to as the “Rent.”

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

  • Cost of Living Adjustment For each year following the Initial Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent as previously provided in the Initial Term, the total fee for all services shall equal the fee that would be charged for the same services based on a fee rate (as reflected in a fee rate schedule) increased by the percentage increase for the twelve-month period of such previous calendar year of the CPI-W (defined below) or, in the event that publication of such index is terminated, any successor or substitute index, appropriately adjusted, acceptable to both parties. As used herein, “CPI-W” shall mean the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-84=100), as published by the United States Department of Labor, Bureau of Labor Statistics.

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