Smash Burger Sample Clauses

Smash Burger. $66,640.08 of the Escrow Deposit (the “Smash Burger Escrow”) represents the scheduled rent and additional rent for a period of twelve (12) months attributable to the portion of the Property which has been leased to Shreveport Sizzle, Inc. (“Smash Burger”) as more particularly described on Exhibit 11.12 (the “Smash Burger Gross Rents”). The Smash Burger rent commencement date has occurred, but the tenant has not yet opened for business. The Smash Burger Escrow shall be disbursed as follows:
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Smash Burger. As of the Effective Date, one of the tenant spaces in the Improvements (the "Smash Burger Space") has been leased to Shreveport Sizzle, Inc. (“Smash Burger”). Smash Burger is paying base rent and additional charges as more particularly described on Exhibit 11.12 (the “Smash Burger Gross Rents”). The Smash Burger rent commencement date has occurred, but the tenant has not yet opened for business in the Smash Burger Space. At Closing, Seller shall escrow an amount equal to twelve (12) months of Smash Burger Gross Rents in a "Smash Burger Escrow" pursuant to a separate account under the Master Lease Escrow Agreement described in Section 11.02(e). The Smash Burger Escrow shall be disbursed as follows:

Related to Smash Burger

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