Payment of Percentage Rent. Tenant shall within thirty (30) days after the end of each calendar quarter during the Term of this Lease submit to Landlord an unaudited (but certified by a duly authorized officer of Tenant) statement showing a detailed breakdown of the calculation of Percentage Rent on a quarterly and calendar year-to-date basis. For purposes of such quarterly calculations, Percentage Rent shall be due and payable on Gross Receipts in excess of $2,020,000.00 (being one fourth of the annual threshold referenced in Section 4.2 hereof.)] On or before February 1, May 1, August 1 and November 1 of each calendar year during the Term of this Lease, Tenant shall pay to Landlord, together with the installment of Base Rent then due, any Percentage Rent applicable to the immediately preceding calendar quarter (i.e., the May 1 Percentage Rent payment will constitute Percentage Rent due for the first calendar quarter of the year, and so on). Percentage Rent for any partial calendar quarter (i.e., in the first Lease year and the final Lease year) shall be prorated proportionately. Tenant's obligation to pay Percentage Rent for the calendar quarter which includes the date of termination of this Lease shall survive the termination hereof. Tenant shall, no later than 90 days following the end of each calendar year during the Term hereof furnish to Landlord for such calendar year a complete statement (the "Annual Operations Statement") certified by an independent certified public accountant who is actively engaged in the practice of his professions and who is acceptable to Landlord (which Statement shall also be certified either by an officer or a partner in Tenant), setting forth, with respect to such calendar year in reasonable detail the Gross Receipts derived by or for the benefit of the Tenant in respect of such calendar year together with copies of statements from the manager of the Hotel as to its respective operations in the Hotel or on the Premises including without limitation, all expenses incurred and income derived by them, respectively, in respect of the Premises. If the Annual Operations Statement for any calendar year indicated that the aggregate of the installment payments theretofore made with respect to such calendar year pursuant to this paragraph exceeds the Percentage Rent due for such calendar year, Landlord shall credit such overpayment together with interest thereon determined as set forth below in this paragraph against the next installment or installments of Bas...
Payment of Percentage Rent. Tenant shall pay the full amount of Percentage Rent due in annual installments, in arrears, within ninety (90) days after the end of each Lease Year for the preceding Lease Year. The obligation to pay Percentage Rent shall survive Expiration of the Term as to Percentage Rent which accrued prior to the Expiration of the Term, subject to Article 28.
Payment of Percentage Rent. Within thirty (30) days after the end of each calendar month following the Commencement Date, Tenant shall furnish to Landlord a statement in writing, certified by Tenant to be correct, showing the total Gross Sales made in, upon or from the Leased Premises during the preceding calendar month and shall accompany each such statement with a payment to Landlord equal to said hereinabove stated percentage of the total monthly Gross Sales made in, upon or from the Leased Premises during such preceding month, less the Base Rent for such prior calendar month if previously paid. Said statement and payment shall be made with the succeeding month’s Base Rent payment. Within thirty (30) days after the end of each calendar year of the Lease Term, Tenant shall furnish to Landlord a statement in writing, certified by Tenant to be correct, showing the total Gross Sales by months made in, upon or from the Leased Premises during the preceding calendar year, at which time an adjustment shall be made between Landlord and Tenant so that the total percentage rent paid for each such calendar year shall be a sum equal to the stated percentage of the total Gross Sales made in, upon or from the Leased Premises during each calendar year of the Lease Term less the Base Rent for each such calendar year, if previously paid. The Percentage Rent, although payable monthly, shall therefore be computed and adjusted on an annual basis. Failure by Landlord to receive statements as required herein shall not be deemed a waiver of Tenant’s requirement to pay sums as herein provided.
Payment of Percentage Rent. The LESSEE covenants to pay an amount monthly on account of Percentage Rent within 60 days following the end of each month. The payments will be accompanied by a sales summary of sales by location, by month and year to date with vending machine sales broken out as one location. The payment will be caculated by the applicale rates of Seven Percent (7%) for the first $150,000.00 of aggregate Gross Sales and Ten Percent (10%) of aggregate Gross Sales greater than $150,000.00.
Payment of Percentage Rent. The Percentage Rent with respect to each year (or partial year) during the Term of this Lease shall be due and payable within 60 DAYS after the end of such year (or partial year), without prior demand therefor. Unless otherwise directed by Lessor in writing, Lessee shall pay the Percentage Rent due and payable at any time to Lessor at the address for Lessor which is then applicable as to notices under the provisions of Section 12.5 below.
Payment of Percentage Rent. The Percentage Rent shall be paid monthly, with respect to Revenue of Consequence made during the month, within fifteen (15) days after the end of each calendar month; provided, however, Percentage Rent for the months of May and June each year shall be due within thirty (30) days (and not fifteen days) after the end of the month of May and June, respectively. Together with remittance of Percentage Rent, Tenant shall submit a written report in a form acceptable to the Port wherein Tenant shall set forth the number of cruise passengers for the month, the Revenue of Consequence for the month and the Percentage Rent, if any, due for such month. Tenant or an officer of Tenant shall certify that the report is a true and correct statement of the Revenue of Consequence.
Payment of Percentage Rent. Tenant shall calculate and deliver Percentage Rent-to Landlord within forty-five (45) days after the end of each quarter of any Fiscal Year (or, in the case of the final quarter in any Fiscal Year, ninety (90) days thereafter), together with an Officer's Certificate, setting forth the calculation of Percentage Rent for such quarter.
Payment of Percentage Rent. 9 4.4 Additional Rentals/Earn Out......................10 4.5
Payment of Percentage Rent. Within fifteen (15) days after the close of each and every calendar month of the Term hereof, Lessee shall file with County a report of Gross Receipts by category for such previous month, and the amount of Percentage Rent resulting therefrom. Lessee shall include with such report a payment to County of the amount by which the Percentage Rent for such previous month exceeds the Monthly Minimum Rent paid by Lessee for such previous month.
Payment of Percentage Rent. Percentage Rent shall be determined and paid monthly during the Term. An installment of Percentage Rent, based on the Gross Receipts for the previous calendar month, shall be due and payable on or before the fifth (5th) business day of the following calendar month during the Term.
