Minimum Annual Guarantee means the annual Minimum Annual Guarantee specified in the Basic Lease Information and described in Section 5.1 hereof
Minimum Annual Guarantee shall have the meaning set forth in Section 5.2.
Minimum Annual Guarantee or “MAG” means the minimum amount payable as the amount which the Lessee is required to pay to the Lessor for the privilege of operating the Rental Car Concession, as more precisely described herein.
Examples of Minimum Annual Guarantee in a sentence
Minimum Annual Guarantee (MAG) is the amount Party B shall pay to Party A regardless of Party B’s gross annual revenue generated from the catering operation.
More Definitions of Minimum Annual Guarantee
Minimum Annual Guarantee. (MAG) means minimum rent guaranteed for each year of the term, as specified in the Summary.
Minimum Annual Guarantee means the minimum amount of money that is due annually and payable monthly to Authority from Concessionaire, as provided in Article 5 of this Agreement.
Minimum Annual Guarantee or "MAG" shall mean the absolute amount on annual basis computed by multiplying MMG by twelve(12), in respect of a particular Concession Year.
Minimum Annual Guarantee or “MAG” means the minimum Privilege Fee due the Authority annually from the Operator set forth in Section 5.2.
Minimum Annual Guarantee or “MAG” means, for each year during which the Franchisee performs the Services (including during any Extended Term or Holdover Period), the amount set forth in Section 6.3.1, subject to any adjustment under Section 6.3.3.
Minimum Annual Guarantee means the minimum amount of concession fees (exclusive of rentals for Ready/Return and Overflow and Terminal Premises) due City annually from Concessionaire, all as more specifically set forth in Section 5.5(a).
Minimum Annual Guarantee or "MAG" means the guaranteed minimum amount of money due the City from Concessionaire each month (or portion of a month) of the Term as specified in Section 6.1.1.