Common use of Promotion Fund Contribution Clause in Contracts

Promotion Fund Contribution. Tenant's annual contribution to the Fund shall be the Fund Contribution (reduced proportionately for a partial Lease Year) as defined in the Data Sheet. Upon Grand Opening, Tenant shall also pay Tenant's one-time initial contribution or Grand Opening Fee which is equal to the annual Fund Contribution. The Fund Contribution payable by Tenant for each Lease Year shall be increased commencing with the second Lease Year of the Term of this Lease, and each Lease Year thereafter, by a percentage equal to the percentage increase from the "base period" of the Consumer Price Index ("Index") to the "current period" of the Index of the Lease Year for which the adjustment is being made; provided, however, if the first Lease Year is less than six (6) months, the first adjustment to the Fund Contribution shall be after the first full Lease Year. Except as herein expressly provided, the term "base period" shall initially refer to the Index published for the month of October immediately preceding the Commencement Date. Following the initial increase in the Fund Contribution hereunder, the term "base period" shall refer to the Index published for the month of October immediately preceding the Lease Year for which the Fund Contribution was last adjusted hereunder. The "current period" of the Index shall refer to the Index published for the month of October immediately preceding the Lease Year for which an adjustment is being made. In the event the Index shall not be published for any of the above-described months, then the Index published for the month closest, but prior, to the described month shall be used in its place. The annual Fund Contribution shall be payable by Tenant to Landlord, or as Landlord may direct, in twelve (12) equal monthly installments, commencing on the Commencement Date, at the same time and in the same manner as the monthly installments of Minimum Rent are payable.

Appears in 2 contracts

Samples: Lease Agreement (Play Co Toys & Entertainment Corp), Lease Agreement (Play Co Toys & Entertainment Corp)

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Promotion Fund Contribution. Tenant's annual contribution to the Fund shall be the Fund Contribution (reduced proportionately for a partial Lease Year) as defined in on the Data Sheet. Upon (deleted) the Grand Opening, Tenant shall also pay Tenant's one-time initial contribution or Grand Opening Fee which is equal to the annual Fund Contribution. The Fund Contribution payable by Tenant for each Lease Year shall be increased commencing with the second Lease Year of the Term of this LeaseTerm, and each Lease Year thereafter, by a percentage equal to the percentage increase from the "base period" of the Consumer Price Index ("Index"as defined in Section 20.1 2 hereof) to the "current period" of the Index of the Lease Year for which the adjustment is being made; provided, however, if the first Lease Year is less than six (6) months, the first adjustment to the Fund Contribution shall be after the first full Lease Year. Except as herein expressly provided, the term "base period" shall initially refer to the Index published for the month of October immediately preceding the Commencement Date. Following the initial increase in the Fund Contribution hereunder, the term "base period" shall refer to the Index published for the month of October immediately preceding the Lease Year for which the Fund Contribution was last adjusted hereunder. The "current period" of the Index shall refer to the Index published for the month of October immediately preceding the Lease Year for which an adjustment is being made. In the event the Index shall not be published for any of the above-described months, then the Index published for the month closest, but prior, to the described month shall be used in its place. The annual Fund Contribution shall be payable by Tenant to Landlord, or as Landlord may direct, in twelve (12) equal monthly installments, commencing on the Commencement Date, at the same time and in the same manner as the monthly installments of Minimum Rent are payable.. SEE ATTACHED RIDER FOR INSERTS

Appears in 1 contract

Samples: Lease Agreement (Play Co Toys & Entertainment Corp)

Promotion Fund Contribution. Tenant's annual contribution to the Fund shall be the Fund Contribution (reduced proportionately for a partial Lease Year) as defined in the Data Sheet. Upon Grand Opening, Tenant shall also pay Tenant's one-time initial contribution or Grand Opening Fee which is equal to the annual Fund ContributionSeven Thousand Five Hundred and 00/100ths Dollars ($7,500.00). The Fund Contribution payable by Tenant for each Lease Year shall be increased commencing with the second Lease Year of the Term of this Lease, and each Lease Year thereafter, by a percentage equal to the percentage increase from the "base period" of the Consumer Price Index ("Index") to the "current period" of the Index of the Lease Year for which the adjustment is being made; provided, however, if the first Lease Year is less than six (6) months, the first adjustment to the Fund Contribution shall be after the first full Lease Year. Except as herein expressly provided, the term "base period" shall initially refer to the Index published for the month of October immediately preceding the Commencement Date. Following the initial increase in the Fund Contribution hereunder, the term "base period" shall refer to the Index published for the month of October immediately preceding the Lease Year for which the Fund Contribution was last adjusted hereunder. The "current period" of the Index shall refer to the Index published for the month of October immediately preceding the Lease Year for which an adjustment is being made. In the event the Index shall not be published for any of the above-described months, then the Index published for the month closest, but prior, to the described month shall be used in its place. The annual Fund Contribution shall be payable by Tenant to Landlord, or as Landlord may direct, in twelve (12) equal monthly installments, commencing on the Commencement Date, at the same time and in the same manner as the monthly installments of Minimum Rent are payable.

Appears in 1 contract

Samples: Lease (Play Co Toys & Entertainment Corp)

Promotion Fund Contribution. Tenant's annual contribution to the Fund shall be the Fund Contribution (reduced proportionately for a partial Lease Year) as defined in the Data Sheet. Upon the Grand Opening, Tenant shall also pay Tenant's one-time initial contribution or Grand Opening Fee which is equal to defined in the annual Fund ContributionData Sheet. The Fund Contribution payable by Tenant for each Lease Year shall be increased commencing with the second Lease Year of the Term of this Lease, and each Lease Year thereafter, by a percentage equal to the percentage increase from the "base period" of the Consumer Price Index ("Index") to the "current period" of the Index of the Lease Year for which the adjustment is being made; provided, however, if the first Lease Year is less than six (6) months, the first adjustment to the Fund fund Contribution shall be after the first full Lease Year. Except as herein expressly provided, the term "base period" shall initially refer to the Index published for the month of October immediately preceding the Commencement Date. Following the initial increase in the Fund Contribution hereunder, the term "base period" shall refer to the Index published for the month of October immediately preceding the Lease Year for which the Fund Contribution was last adjusted hereunder. The "current period" of the Index shall refer to the Index published for the month of October immediately preceding the Lease Year for which an adjustment is being made. In the event the Index shall not be published for any of the above-described months, then the Index published for the month closest, but prior, to the described month shall be used in its place. The annual Fund Contribution shall be payable by Tenant to Landlord, or as Landlord may direct, in twelve (12) equal monthly installments, commencing on the Commencement Date, at the same time and in the same manner as the monthly installments of Minimum Rent are payable. Not withstanding the foregoing, in lieu of Tenant's payment of the Grand Opening Fee, during the period from the Delivery of Possession Date through and including the Grand Opening date ("Advertising Period"). Tenant shall place advertisements (including, without limitation, billboards, signs, newspapers, radio, television ads, and direct mail) at a cost equal to the amount of the Grand Opening Fee that Tenant would have otherwise been obligated to pay ("Eligible Advertising") which shall specifically identify the Leased Premises, including the name and location of the Shopping Center. At or prior to the time the Eligible Advertising is placed, Tenant shall submit to Landlord copies of the actual Eligible Advertising or other written third-party evidence reasonably satisfactory to Landlord evidencing the Eligible Advertising together with all receipts, canceled checks or other third-party evidence reasonably satisfactory to Landlord establishing Tenant's payment for the Eligible Advertising. In the event that the cost of the Eligible Advertising does not meet or exceed the Grand Opening Fee by the end of the Advertising Period, Tenant shall pay the balance to Landlord within thirty (30) days of receipt of a bill xxxm Landlord.

Appears in 1 contract

Samples: Lease (Silicon Entertainment Inc /Ca/)

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Promotion Fund Contribution. Tenant's annual contribution to the Fund shall be the Fund Contribution (reduced proportionately for a partial Lease Year) as defined in on the Data Sheet. Upon Within ten (10) days before the Grand Opening, Tenant shall also pay Tenant's one-time initial contribution or Grand Opening Fee which is equal to the annual Fund Contribution. The Fund Contribution payable by Tenant for each Lease Year shall be increased commencing with the second Lease Year of the Term of this LeaseTerm, and each Lease Year thereafter, by a percentage equal to the percentage increase from the "base period" of the Consumer Price Index ("Index"as defined in Section 20.12 hereof) to the "current period" of the Index of the Lease Year for which the adjustment is being made; provided, however, if the first Lease Year is less than six (6) months, the first adjustment to the Fund Contribution shall be after the first full Lease Year. Except as herein expressly provided, the term "base period" shall initially refer to the Index published for the month of October immediately preceding the Commencement Date. Following the initial increase in the Fund Contribution hereunder, the term "base period" shall refer to the Index published for the month of October immediately preceding the Lease Year for which the Fund Contribution was last adjusted hereunder. The "current period" of the Index shall refer to the Index published for the month of October immediately preceding the Lease Year for which an adjustment is being made. In the event the Index shall not be published for any of the above-described months, then the Index published for the month closest, but prior, to the described month shall be used in its place. The annual Fund Contribution shall be payable by Tenant to Landlord, or as Landlord may direct, in twelve (12) equal monthly installments, commencing on the Commencement Date, at the same time and in the same manner as the monthly installments of Minimum Rent are payable.

Appears in 1 contract

Samples: Lease Agreement (Play Co Toys & Entertainment Corp)

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