Definition of Rental. For purposes of this Article 24 only, the term "rental" shall be deemed to be Minimum Rent, Percentage Rent, Additional Rent and all other sums required to be paid by Tenant pursuant to the terms of this Lease. For the purpose of calculating Percentage Rent due under the provisions of Section 24.2(c) above, the same shall be computed on the basis of the average monthly amount accruing during the immediately preceding sixty (60)-month period, except that if it becomes necessary to compute Percentage Rent before the sixty (60)-month period has occurred, then Percentage Rent shall be computed on the basis of the average monthly amount accruing during the Term.
Appears in 3 contracts
Samples: Lease Agreement (Boomer Holdings, Inc.), Lease Agreement (Boomer Holdings, Inc.), Lease Agreement (Boomer Holdings, Inc.)
Definition of Rental. For purposes of this Article 24 17 only, the term "rental" shall be deemed to be Minimum Rent, Percentage Annual Rent, Additional Rent and all other sums required to be paid by Tenant pursuant to the terms of this Lease. For All sums, other than Minimum Annual Rent, shall, for the purpose of calculating Percentage Rent any amount due under the provisions clause (c) of Section 24.2(c) 17.2 above, the same shall be computed on the basis of the average monthly amount accruing during the immediately preceding sixty (60)-month 60) month period, except that if it becomes necessary to compute Percentage Rent these sums before the sixty (60)-month 60) month period has occurred, then Percentage Rent these sums shall be computed on the basis of the average monthly amount accruing during the Termshorter period.
Appears in 1 contract
Samples: Lease (Central Coast Bancorp)