Pre-Construction License Fee. In the event Tenant conducts, with the Commissioner’s approval, concession operations in any portion of the Retail Space prior to the construction of the Improvements, then the “Pre-Construction License Fee” is an amount equal to % of Gross Revenues during each calendar month (or portion thereof) from the Delivery Date through the commencement of construction of the Improvements in such portion of the Retail Space.
Appears in 2 contracts
Samples: Retail Concession Lease and License Agreement, Retail Concession Lease and License Agreement
Pre-Construction License Fee. In the event Tenant conducts, with the Commissioner’s approval, concession operations in any portion of the Retail Space prior to the construction of the Improvements, then the “Pre-Construction License Fee” is an amount equal to 20% of Gross Revenues during each calendar month (or portion thereof) from the Delivery Date through the commencement of construction of the Improvements in such portion DBO of the Retail Space.
Appears in 2 contracts
Samples: Concession Lease and License Agreement, Lease and License Agreement
