Minimum Annual Concession Fee a. The Minimum Annual Concession Fee shall equal the sum of the Annual Rental Fee, which is based on the fair market value of the Premises, plus the Minimum Annual Privilege Fee, which fee is paid for the grant by the Aviation Authority of a franchise to engage in the business of operating the Concession within facilities operated and controlled by the Aviation Authority. The portion of the Minimum Annual Concession Fee that consists of the Annual Rental Fee will be determined by the Aviation Authority by an appraisal prior to the Commencement Date and the Minimum Annual Privilege Fee will be calculated at that time by subtracting the Annual Rental Fee from the initial Minimum Annual Concession Fee. For the period beginning on the Commencement Date and ending on September 30th after the opening to the public of the South Terminal Complex opens to the public (the "Initial Period"), the Minimum Annual Concession Fee shall be One Million Six Hundred Fifty Thousand and No/100 Dollars ($1,650,000.00) provided, however, that if such Initial Period is longer or shorter than twelve (12) months, the Minimum Annual Concession Fee payable by Company to the Aviation Authority for such period shall be an amount determined by dividing the Minimum Annual Concession Fee by 365, and multiplying such quotient by the number of days in the Initial Period.
Minimum Annual Concession Fee a. The Minimum Annual Concession Fee shall equal the sum of the Annual Rental Fee, initially, and No/100 Dollars ($ , .00), which is based on the fair market value of the Premises, plus the Minimum Annual Privilege Fee, initially, Hundred and No/100 Dollars ($ , .00), which fee is paid for the grant by the Aviation Authority of a franchise to engage in the business of operating the Concession within facilities operated and controlled by the Aviation Authority. For the period beginning on the Commencement Date and ending on the one year anniversary of the Commencement Date (the "Initial Period"), the Minimum Annual Concession Fee shall be One Hundred Sixty Five Thousand and No/100 Dollars ($165,000.00) provided, however, that if such Initial Period is longer or shorter than twelve (12) months, the Minimum Annual Concession Fee payable by Company to the Aviation Authority for such period shall be an amount determined by dividing the Minimum Annual Concession Fee by 365, and multiplying such quotient by the number of days in the Initial Period.
Minimum Annual Concession Fee. The undersigned proposes the following Minimum Annual Concession Fee, which would be paid by the Proposer to the Aviation Authority during the Initial Period of the Concession if this Proposal is accepted. See Article 5.A. of the Concession Agreement for the definition of the Minimum Annual Concession Fee, and a description of how the Minimum Annual Concession Fee will be adjusted during the Term of the Concession. Proposals containing a Minimum Annual Concession Fee of less than Three Hundred Sixty Five Thousand and No/100 Dollars ($365,000.00) will NOT be considered. Please note that the Initial Minimum Annual Concession Fee should be proposed on the basis of a full twelve (12) month period, even though the Initial Period may be longer or shorter than twelve (12) months. Proposed Minimum Annual Concession Fee $
Minimum Annual Concession Fee. The following Minimum Annual Concession Fee will be paid by the successful Proposer to the Aviation Authority during the Initial Period of the Concession if the Proposal is accepted. The Minimum Annual Concession Fee is set at Four Million Two Hundred Fifty Thousand and No/100 Dollars ($4,250,000.00) and the Percentage of Gross Receipts to be remitted to the Aviation Authority is set at sixty-five percent (65%). See Article 5.A. of the Concession Agreement for the definition of the Minimum Annual Concession Fee, and a description of how the Minimum Annual Concession Fee will be adjusted during the Term of the Concession. Do not propose on the Minimum Annual Concession Fee nor the Percentage of Gross Receipts.
Minimum Annual Concession Fee. The Minimum Annual Concession Fee shall equal the sum of the Annual Rental Fee, initially, _______________ and No/100 Dollars ($__,___.00), which is based on the fair market value of the Premises, plus the Annual Privilege Fee, initially, ____________ and No/100 Dollars ($____,____.00), which fee is paid for the grant by the Aviation Authority of a franchise to engage in the business of operating the Concession within facilities operated and controlled by the Aviation Authority. For the period beginning on the Commencement Date and ending on the one-year anniversary of the Commencement Date (the "Initial Period"), the Minimum Annual Concession Fee shall be Three Hundred Fifty Thousand and No/100 Dollars ($350,000.00) provided, however, that if such Initial Period is longer or shorter than twelve (12) months, the Minimum Annual Concession Fee payable by Company to the Aviation Authority for such period shall be an amount determined by dividing the Minimum Annual Concession Fee by 365, and multiplying such quotient by the number of days in the Initial Period. Within ninety (90) calendar days of the end of the Initial Period, and each subsequent Agreement Period, effective October 1st thereof, the Minimum Annual Concession Fee shall be adjusted to equal the greater of:
