Percentage Rental. Tenant further covenants and agrees that, commencing on the date that Tenant's Sales and Business Transacted (as hereinafter defined) reach or exceed the Percentage Rental breakpoint as is set forth in the Lease Agreement, then thereafter, after the end of each month of such Lease Year (as hereinafter defined). Tenant shall pay additional percentage rental ("Percentage Rental") based upon the total of all Sales and Business Transacted by Tenant, its sub-tenants and licensees, in or from the Premises during the remainder of each such Lease Year. The dollar breakpoint above which such Percentage Rental shall be paid as well as the percentage to be utilized in the computation of such Percentage Rental are more particularly set forth in the Lease Agreement to which these General Lease Provisions are attached. Tenant shall be under no obligation to make any payments of annual Percentage Rental in any Lease Year until such time as Tenant has achieved the minimum amount of Sales and Business Transacted or is set forth in Part 3 of the Lease Agreement to which this is an Exhibit (except to the extent Tenant is not open for business a complete Lease Year, as hereinafter provided). Upon achieving such minimum amount of Sales and Business Transacted in any Lease Year. Tenant shall thereupon make monthly payments of annual Percentage Rental payable on or before the fifteenth (15th) day following the close of each full calendar month during the term, based upon the Sales and Business Transacted for such period. Monthly payments of annual Percentage Rental shall be calculated by multiplying the amount of Sales and Business Transacted for the month in question by the percentage specified in Part 3 of the Lease Agreement to which this is an Exhibit, and the first such payment shall include any prorated Percentage Rental for the period from the date Tenant's Sales and Business Transacted reached the Percentage Rental Breakpoint set forth in Part 3 to the first day of the next full calendar month in the term. The term Lease Year is based herein shall mean and refer to the twelve calendar month period commencing on the first day of the term hereof, if the term commences on the first day of a month, or commencing on the first day of the following month, if the term commences within a month, and successive twelve calendar month periods thereafter. The first Lease Year shall be enlarged to include Sales and Business Transacted for the first partial month of the term hereof, if ...
Percentage Rental. (a) Percentage Rental Rate: Eight percent (8%).
Percentage Rental. 39 (a) In addition to the payment of Minimum Annual Rental and Additional Rent, from and 40 after the Rental Commencement Date, Tenant shall pay to Landlord in accordance with the provisions of 41 this Section 2.02, “Percentage Rental” equal to the product of the Percentage Rental Rate specified in the 42 Data Sheet times the amount by which Gross Sales (as defined in Section 2.03) exceed the “Annual 43 Breakpoint” specified in the Data Sheet.
Percentage Rental. Not Applicable.
Percentage Rental. [***] of Gross Sales in excess of the Gross Sales Breakpoint. Percentage Rental is defined in Section 5.3.
Percentage Rental. (a) During the Term, Tenant shall pay to Landlord, as provided below, the dollar amount by which the percent specified in Section 1.13 ("Percentage Rate")
Percentage Rental. In addition to the Minimum Annual Rental, Tenant agrees to pay the Landlord, in the manner and upon the conditions and at the times hereinafter set forth, during and for each calendar year of the term hereof and as "percentage rental" hereunder an amount equal to FIELD(%RATE) of all "net sales" (as defined in ARTICLE 5 hereof) in excess of the following amounts made by Tenant in the Leased Premises during any calendar year of the term hereof: From the rental commencement date set forth in ARTICLE 3 through the first FIELD(#MO-1ST) months thereafter: FIELD(BREAKPOINT); From the FIELD(COMMENC2) month after the rental commencement date through the FIELD(#MO-2ND) month thereafter: FIELD(BREAK2); From the FIELD(COMMENC3) month after the rental commencement date through the expiration of this lease term: FIELD(BREAK3). These amounts shall be prorated for the proportionate part, if any, of (i) the first calendar year of the term hereof commencing on the date upon which rental shall commence under ARTICLE 3 hereof and ending on the next following December 31; (ii) any year during which rental payments are terminated as a result of a casualty or condemnation or otherwise as expressly provided for in this Lease; and (iii) any year in which these amounts change on a date other than the first day of such year. The percentage rental shall be first paid for the month in which the aggregate net sales for such calendar year shall first have exceeded the breakpoint for such calendar year and thereafter shall be paid monthly on all additional net sales made during the remainder of such calendar year (or partial year, as the case may be), such payments to be made not later than the fifteenth (15th) day of the next following month.
Percentage Rental. 12 30. Liens ....................................................15 31. Indemnification ..........................................15 32.
Percentage Rental. A. In addition to the Minimum Rent payable annually of TWO HUNDRED TWENTY SIX THOUSAND NINE HUNDRED TWENTY-THREE AND 00/100 DOLLARS ($226,923.00), TENANT agrees to pay LANDLORD a percentage rental based upon the four (4) kinds of gross sales receipts, below set forth, that is, Gross sales receipts received from customers on the Leased Premises and made up of or consisting of the following if the total thereof is in excess of TWO HUNDRED TWENTY SIX THOUSAND NINE HUNDRED TWENTY-THREE AND 00/100 DOLLARS ($226,923.00) per annum:
Percentage Rental. (a) From and after the Rental Commencement Date, Tenant shall pay to Landlord, “Percentage Rental” equal to the product of the Percentage Rental Rate times the amount by which Gross Sales exceed the Annual Breakpoint. Landlord and Tenant agree that the Annual Breakpoint is not a projection of Xxxxxx’s anticipated Gross Sales.
