Minimum Annual Guarantee (MAG) definition
Examples of Minimum Annual Guarantee (MAG) in a sentence
Effective on the Commencement Date or first day of operation and continuing thereafter, Concessionaire shall pay Percentage Rent to the Board as set forth in Article 1 based on Concessionaire's Gross Receipts, subject to a Minimum Annual Guarantee (MAG) as set forth in Article 1, and as further provided below.
Monthly Rent shall be the greater of one-twelfth (1/12) of the Minimum Annual Guarantee (MAG) or Percentage Rent, as shown in Exhibit D, based on Gross Revenue for the subject month or the adjusted amount as required under Section 4.
MAGs and % of Gross shall be provided by the proposer as indicated on Appendix C – Minimum Annual Guarantee (MAG) & % of Gross Form.
In consideration of the rights and privileges conferred by this Agreement, Operator agrees to pay City the greater of the Concession Fees applied against Gross Revenues or the annual Minimum Annual Guarantee (MAG) amounts included in Exhibit D attached.
Financial data, including call volume, total minutes, gross amount billed, Minimum Annual Guarantee (MAG) payment(s), and un- collectables.
Beginning on the Advertising Structures Commencement Date and thereafter during the Term, ADVERTISING PROVIDER shall pay to CITY an annual license fee ("Annual License Fee") for the License in an amount equal to the greater of fifty-five percent (55%) of Gross Advertising Revenue (as defined below) from the advertising or the applicable Minimum Annual Guarantee ("MAG") as defined below.
The Concessionaire will annually pay either the Minimum Annual Guarantee (MAG) or the percentage rent, whichever is greater.
The Lessee agrees to pay to the Lessor monthly for the rights and privileges granted to it herein, for each Agreement Year, the greater of (a) the Percentage Fee; or (b) the Minimum Annual Guarantee (MAG).
Concessionaire is restricted in its charges of rental payments to its subtenants to payment by each subtenant of: (i) percentage rent at rates no higher than the rates required of Concessionaire under this Lease, and (ii) Minimum Annual Guarantee (MAG) Fee determined as follows, whichever is highest.
In addition to Premises Rents and Fees, beginning on the DBO, CONCESSIONAIRE shall pay to TRUST a Concession Fee equal to the greater of the Minimum Annual Guarantee (MAG) or ten percent (10%) of CONCESSIONAIRE’S Gross Revenues for each Contract Year throughout the Term of this Agreement.