Excess Gross Revenues definition

Excess Gross Revenues means the amount of Gross Revenues for any Lease Year, or portion thereof, in excess of Base Gross Revenues or the pro-rated portion thereof in the case of a Lease Year which is not a full twelve-month period.

Excess Gross Revenues set forth in Section 1.34 of the Lease is deleted in its entirety and replaced with the following: “Intentionally deleted.”

Excess Gross Revenues means, with respect to each Senior Housing Property, the amount of Gross Revenues for any Lease Year, or portion thereof, in excess of Base Gross Revenues or the pro-rated portion thereof in the case of a Lease Year which is not a full twelve-month period.

Examples of Excess Gross Revenues in a sentence

• In addition to the Base Rent, Lessee shall also pay to Lessor additional rent (the "Additional Rent") in an amount equal to five percent (5%) of Excess Gross Revenues.

• Tenant shall pay additional rent (“Additional Rent”) with respect to each Lease Year during the Term subsequent to the Base Year in an amount, not less than zero, equal to four percent (4%) of Excess Gross Revenues at the Leased Property.

• Tenant shall pay additional rent (“Additional Rent”) with respect to each Lease Year during the Term in an amount, not less than zero, equal to four percent (4%) of Excess Gross Revenues.

• Tenant shall pay additional rent (“Additional Rent”) with respect to each Lease Year during the Term in an amount, not less than zero, equal to four percent (4%) of Excess Gross Revenues at each Property.

• Tenant shall pay additional rent (“Additional Rent”) with respect to each Lease Year during the Term subsequent to the Base Year, with respect to each Property, in an amount equal to three percent (3%) of Excess Gross Revenues at such Property.

More Definitions of Excess Gross Revenues

Excess Gross Revenues. Gross revenues less Base Gross Revenues.

Excess Gross Revenues. The amount by which (i) (y) with respect to --------------------- any measuring period to the extent occurring prior to February 28, 2001, One Hundred (100%) percent of Gross Revenues for such measuring period and (z) with respect to any measuring period to the extent occurring on or after February 28, 2001, Eighty-four point four (84.4%) percent of Gross Revenues for such measuring period exceeds (ii) the Gross Revenues for the equivalent period of the Base Year."

Excess Gross Revenues. Gross Revenues in excess of the Monthly Revenue Threshold Amount.

Excess Gross Revenues. 1.33 "Existing Properties" 1.34 "Extended Term" 1.35 "Facility" 1.36 "Facility Mortgage" 1.37 "Facility Mortgagee" 1.38 "Financial Officer's Certificate" 1.39 "Fiscal Year" 1.40 "Five Star" 1.41 "Fixed Term" 1.42 "Fixtures" 1.43 "GAAP" 1.44 "Government Agencies" 1.45 "Gross Revenues" 1.46 "Guarantor" 1.47 "Guaranty" 1.48 "Hazardous Substances" 1.49 "Immediate Family" 1.50 "Impositions" 1.51 "Incidental Documents" 1.52 "Indebtedness"

Excess Gross Revenues means, with respect to each Hotel, for any Fiscal Year, the amount of Gross Revenues for such Fiscal Year in excess of Base Gross Revenues, prorated for any partial Fiscal Year.

Excess Gross Revenues. Gross Revenues for a calendar year less the Gross Revenues for the immediately preceding calendar year.

Excess Gross Revenues shall be defined as the Gross Revenues less Base Revenues. 3.8.04