Key Lease Terms Clause Samples
Key Lease Terms. These Key Lease Terms require us to fill in blanks with important terms that specifically apply to you and bind you as part of this Lease. The Key Lease Terms are further described and detailed throughout this Lease.
Key Lease Terms. The key Lease terms (name of resident, unit leased, authorized household members, initial lease term, initial resident rent, etc.) are set forth in Part A of the attached Tenancy Addendum.
Key Lease Terms. The Key Lease Terms section set forth in the Agreement is deleted and replaced in its entirety as follows (and incorporated into the Agreement by this reference): Agreement Date June 1, 2017 Concessionaire: ▇▇-▇▇, LLC ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Controller Premises (§1.33): Approximately 1,800 square feet of space commonly known as Unit NS-23, as identified in Exhibit B. Occupancy Date (§§1.29, 3.1): The date Phase 2 of the North Satellite Terminal is substantially complete, currently scheduled to occur October 20, 2020. The Port shall confirm the Occupancy Date in the manner provided for in Section 23.1 of this Agreement. Expiration Date (§§1.14, 3.1): Ten (10) year term, expiring on December 31, 2031 Rent Commencement Date (§1.37): The earlier of: (i) the Build-Out Deadline or (ii) the date on which Concessionaire first opens for business from any portion of the Premises whether a temporary operation or final build-out. Initial Minimum Annual Guarantee Amount (§4.2.1.2): One Hundred Eighty Thousand and 00/100 ($180,000.00) Minimum Annual Guarantee Due Date (§4.2.2): In advance, on the first day of the month following the Rent Commencement Date Percentage Fees (§4.3.1): Annual Gross Sales Percentage of Gross Sales Annual Gross Sales < $3,000,000 14.0% Annual Gross Sales Between $3,000,001 and $4,000,000 12.5% Annual Gross Sales > $4,000,000 11.0% Monthly Report and Percentage Fee Due Date (§4.3.2): In arrears, on the fifteenth (15th) day of the month Additional Charges (§4.5): Utilities (§9.1), Common Area Maintenance (§9.3), Taxes (§10.1), and Marketing Program (§11.2). Others may be provided for in the Agreement Remittance Address For Payments Only: Port of Seattle ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Late Charges (§4.7): Five percent (5%) of the amount due plus interest at the Default Rate; liquidated damages associated with a failure to report may also apply Default Rate (§1.10): Eighteen Percent (18%) per annum Annual Report Due Date (§4.8.4.1): March 31, except for the Last Partial Year, for which it is ninety (90) days following the end of the Last Partial Year Security (§5.1): Three Hundred Fifty-Seven Thousand and 00/100 ($357,000.00)