Common use of Minimum Annual Guarantee Clause in Contracts

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,772,965.24 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Samples: On Airport Rental Car Concession Lease

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Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,772,965.24 501,000.00 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Samples: On Airport Rental Car Concession Lease

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,772,965.24 668,661.77 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Samples: On Airport Rental Car Concession Lease

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,772,965.24 1,317,897.00 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Samples: On Airport Rental Car Concession Lease

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,772,965.24 1,797,128.00 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Samples: On Airport Rental Car Concession Lease

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Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,772,965.24 1,392,128.00 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Samples: On Airport Rental Car Concession Lease

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,772,965.24 2,177,827.00 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Samples: On Airport Rental Car Concession Lease

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