Minimum Annual Guarantee. The Minimum Annual Guarantee for the first Contract Year shall be INSERT AMOUNT ($). The Minimum Annual Guarantee for each Contract Year thereafter shall be the greater of (i) INSERT AMOUNT or (ii) seventy-five percent (75%) of the aggregate Privilege Fees due and payable for the prior Contract Year, whichever is greater, plus any applicable taxes.
Appears in 2 contracts
Samples: Valet Parking Concession Agreement, Valet Parking Concession Agreement
Minimum Annual Guarantee. The Minimum Annual Guarantee for the first Formatted: Indent: Left: 0", Contract Year shall be (INSERT AMOUNT AMOUNT) dollars ($X.XX). The Minimum Annual Guarantee for each Contract Year thereafter shall be the greater of (i) (INSERT AMOUNT AMOUNT) or (ii) seventy-five percent (75%) of the aggregate Privilege Fees due and payable for the prior Contract Year, whichever is greater, plus any applicable taxes.
Appears in 1 contract
Samples: Valet Parking Concession Agreement
Minimum Annual Guarantee. The Minimum Annual Guarantee for the first Contract Year shall be INSERT AMOUNT Two Hundred Fifty Thousand Dollars ($300,000.00). The Minimum Annual Guarantee for each Contract Year thereafter shall be the greater of (i) INSERT AMOUNT the Minimum Annual Guarantee or (ii) seventy-five percent (75%) 85% of the aggregate Privilege Fees due and payable for the prior Contract Year. In the event Agreement is terminated early, whichever is greater, plus any applicable taxesthe Minimum Annual Guarantee shall be pro-rated for partial Contract Year.
Appears in 1 contract
Samples: Lease and Concession Agreement
Minimum Annual Guarantee. The Minimum Annual Guarantee for the first Contract Year shall be INSERT AMOUNT ($)_. The Minimum Annual Guarantee for each Contract Year thereafter shall be the greater of (i) INSERT AMOUNT the Minimum Annual Guarantee or (ii) seventy-five percent (75%) 85% of the aggregate Privilege Fees due and payable for the prior Contract Year, whichever is greater, plus any applicable taxes.
Appears in 1 contract
Samples: Lease and Concession Agreement