Common use of The Additional Rent Clause in Contracts

The Additional Rent. From and after the On-Line Date, Tenant shall pay to Landlord the Additional Rent (as defined below) for the Premises during the Term. The term “Additional Rent” means fifty percent (50%) of the Cash Flow (as defined below) determined and paid for the prior calendar year on or before June 30 (with an estimated fifty percent [50%] payment by March 31) of the then calendar year from and after the On-Line Date. The parties acknowledge and understand that the Additional Rent is not guaranteed and may not be payable at all from year-to-year.

The Additional Rent. From and after the On-Line Date, Tenant shall pay to Landlord the Additional Rent (as defined below) for the Premises during the Term. The term “Additional Rent” means fifty percent (50%) of the Cash Flow (as defined below) determined and paid for the prior calendar year on or before June 30 (with an estimated fifty percent [50%] payment by March 31) of the then calendar year from and after the On-Line Date. The parties acknowledge and understand that the Additional Rent is not guaranteed and may not be payable at all from year-to-year.