Percentage Rent Rate Sample Clauses

Percentage Rent Rate. Zero (0) percent (see Section 4.7).
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Percentage Rent Rate. N/A 1.7 Merchants’ Association Annual Dues: N/A
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Percentage Rent Rate. In addition 16 to minimum annual rent, Tenant shall pay to Landlord as percentage rent, a sum equal to the amount by which six 17 percent of Tenant's Gross Sales made from or upon the Premises 'during each Lease Year exceeds the minimum annual 18 rent for such Lease Year. The percentage rent shall be payable quarterly, 45 days after the end of each three-month 19 period during the lease term, subject to adjustment at the 20 end of each Lease Year as provided in Paragraph 7.2.3. 7.2.2
Sample 1
Percentage Rent Rate. Five percent (5%) of annual gross sales. Accordingly, for each year during the initial ten (10) years of the Lease, Tenant shall pay percentage rent equal to 5% of annual gross sales in excess of $2,520,000; for each year of the next five years (i.e., June 1, 2006 - May 31, 2011) of the Lease, Tenant shall pay percentage rent equal to 5% of annual gross sales in excess of $3,360,000; for each year of the first option term of the Lease, Tenant shall pay percentage rent equal to 5% of annual gross sales in excess of $3,640,000; and for each year of the second option term of the Lease, Tenant shall pay percentage rent equal to 5% of annual gross sales in excess of $4,200,000. Notwithstanding anything to the contrary, provided that Tenant is not in default beyond applicable cure periods of any of the covenants, terms and conditions of the Lease to be performed by Tenant, Tenant shall have a credit against annual percentage rent coming due in each of the first five (5) full fiscal years of the initial term of $12,500. The maximum credit for which Tenaxx xx eligible hereunder shall be $62,500. To the extent the full $12,500 credit is not used in any year, it shall be lost, it being the agreement of the parties that the credits shall not be cumulative. 7
Sample 1
Percentage Rent Rate percent ( %) of Gross Sales. Percentage Rent shall be due and payable in accordance with the provisions of the Percentage Rent Addendum, if any, attached hereto and made a part hereof, and Paragraph 4 hereof.
Sample 1

Related to Percentage Rent Rate

  • Percentage Rent In addition to the Base Rent, Lessee shall be: (check one) ☐ - Not required to make payments related to Lessee’s sales or revenue (“Percentage Rent”). ☐ - Required to pay __________________ percent (____%) of __________________ (gross sales, net sales, etc.). Such payment shall be made ☐ Monthly ☐ Quarterly ☐ Annually along with a receipt to show proof of percentage calculation (“Percentage Rent”). The Base Rent and the Percentage Rent shall be referred collectively to as the “Rent.”

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Base Rent Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Base Rent Adjustment (a) The BASE RENT (subject to adjustment as set forth in Section 1.08(a) above) payable during the EXTENDED TERM, subject to the provisions of part (b) of this Section 3.03, shall be increased from the BASE RENT payable immediately prior to the first month of the EXTENDED TERM to the then fair market rental rate determined in connection with part (b) of this Section 3.03.

  • Monthly Rent The rent amount for the initial period shall be: _ Dollars ($_ ) paid on the _ (#) day of every month and: (check one) ☐ - Shall remain the same during the Initial Term. ☐ - Shall increase during the Initial Term as follows: 1st Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ ) 2nd Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ )

  • Minimum Monthly Rent Tenant shall pay minimum monthly rent (“Minimum Monthly Rent”) in the initial amount stated in Section 1.5, which amount shall be subject to increase as provided in Sections 1.5 and 4.3. Tenant shall pay the Minimum Monthly Rent on or before the first day of each calendar month, in advance, at the office of Landlord or at such other place designated by Landlord, without deduction, offset or prior demand. If the Commencement Date is not the first day of a calendar month, the rent for the partial month at the beginning of the Lease Term shall be prorated on a per diem basis and shall be due on the first day of such partial month. Upon execution of this Lease, Tenant shall pay the first month’s Minimum Monthly Rent to Landlord.

  • Monthly Base Rent On each Due Date, each Lessee shall pay to the Lessor the Monthly Base Rents that have accrued during the Related Month with respect to all Vehicles that were leased by such Lessee under this Operating Lease on any day during the Related Month;

  • Rent Adjustments 4.1 For the purpose of this Article 4, the following terms are defined as follows:

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Minimum Rent The defined term “Minimum Rent” set forth in Section 1.66 of the Lease is deleted in its entirety and replaced with the following:

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