Common use of Minimum Annual Guarantee Clause in Contracts

Minimum Annual Guarantee. Operator shall pay to Authority commencing upon the Commencement Date and on the first day of each and every month throughout the Term of this Agreement, one-twelfth (1/12) of the Minimum Annual Guarantee for the applicable Contract Year, plus applicable sales tax, without demand, deduction, holdback or setoff.

Appears in 3 contracts

Samples: Valet Parking Concession Agreement, Valet Parking Concession Agreement, Valet Parking Concession Agreement

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Minimum Annual Guarantee. Operator Concessionaire shall pay to Authority commencing upon the Commencement Date and on the first day of each and every month throughout the Term of this Agreement, one-twelfth (1/12) of the Minimum Annual Guarantee for the applicable Contract Year, plus applicable sales taxtaxes, without demand, deduction, holdback or setoff.

Appears in 2 contracts

Samples: Lease and Concession Agreement, Lease and Concession Agreement

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