Minimum Annual Guaranteed Rent definition

Minimum Annual Guaranteed Rent. “MAG” means Guaranteed Rent as more fully defined in Section 3.01.
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Minimum Annual Guaranteed Rent means the rent due under a Lease for the Project/Phase upon Construction Completion or upon the date set forth in the Project Schedule. Developer shall pay to County Minimum Annual Guaranteed Rent, as applicable, in accordance with the terms of the Lease(s) resulting from this Agreement attached hereto as Schedule 1.6 in all material respects. Participation Rent shall mean a percentage of Gross Income generated by the development, or Phase if applicable. Developer shall pay the greater of Participation Rent or Minimum Annual Guaranteed Rent, as applicable, in accordance with the terms of the Lease(s) resulting from this Agreement attached hereto as Schedule 1.6 in all material respects. Penalty Rent shall mean the rent due under a Lease if a Developer has not received a Certificate of Occupancy by the date set forth for Construction Completion in the Project Schedule, subject to Unavoidable Delays and duly requested changes to the Project Schedule which are approved by the County in writing. Developer shall pay to Penalty Rent, as applicable, in accordance with the terms of the Lease(s) resulting from this Agreement attached hereto as Schedule 1.6 in all material respects. Parties shall mean the County together with the Developer. Permit shall mean any permit issued or to be issued by the appropriate agency or person, including but not limited to applicable permits for construction, demolition, installation, foundation, dredging, filling, the alteration or repair or installation of sanitary plumbing, water supply, gas supply, electrical wiring or equipment, elevator or hoist, HVAC, sidewalk, curbs, gutters, drainage structures, paving and the like. Phase or Phases shall have the meaning ascribed to such term(s) in Section 1.5. Phased Development shall have the meaning ascribed to such term in Section 1.5.
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Examples of Minimum Annual Guaranteed Rent in a sentence

  • From and after the Rental Commencement Date, Concessionaire shall pay to the City the greater of Minimum Annual Guaranteed Rent or Percentage Rent.

  • The adjustment in Guaranteed Annual Rent may not, in any event, result in a decrease in the current amount of Minimum Annual Guaranteed Rent.

  • Payment Terms In consideration of the Locations/Premises, rights and privileges granted to the Contractor by the Airports Authority, the Contractor shall pay to the Airports Authority as compensation therefore each Contract Year, the greater of: 1) a Minimum Annual Guaranteed Rent (“MAG”) for each Contract Year, or 2) a Percentage of the Service Revenue Pool and all revenue sponsorships applicable to the total Service Revenue generated by this News Broadcast Services.

  • Increasing resilience among chronically vulnerable populations affected by recurrent shock requires that humanitarian assistance, food security interventions, climate change adaptation, social protection, peace building, and governance activities are designed and implemented together in such a way to reduce disaster risk and strengthen capacity among target populations.

  • Any increase in Minimum Annual Guaranteed Rent shall be based upon an average increase in the index calculated over a period of 90 days prior to the end of the current five year term.

  • As such, the County seeks a payment structure from Proposer(s) that best approximates or exceeds the total return amount to the County through the proposed combination of Minimum Annual Guaranteed Rent and Percentage of Monthly Gross Revenue Rent, as described below.

  • After the Date of Beneficial Occupancy and through the termination date of the Agreement, the selected Proposer(s) shall pay the County a Minimum Annual Guaranteed Rent on the first day of each month (after improvements).

  • Additional Fees shall have the meaning ascribed to such term in Section 3.9. Additional Rent shall mean all costs and expenses owed by developer to County under a Lease other than Initial Annual Rent, Minimum Annual Guaranteed Rent, Penalty Delayed Completion Rent and Participation Rent.

  • In consideration of the Locations/Premises, rights and privileges granted to the Contractor by the Airports Authority, the Contractor shall pay to the Airports Authority as compensation therefore each Contract Year, the greater of: 1) a Minimum Annual Guaranteed Rent (“MAG”) for each Contract Year, or 2) a Percentage Rent applicable to the total Annual Gross Receipts generated by the Concession.

  • The parties acknowledge that in no event shall the Minimum Annual Guaranteed Rent be less than the CPI Adjusted Minimum Annual Guaranteed Rent.

Related to Minimum Annual Guaranteed Rent

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Maximum Guaranteed Amount means as of the date of determination with respect to a Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render such Guarantor’s liability under this Guaranty Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.

  • Minimum Royalty has the meaning set forth in Section 4.4(c).

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Guaranteed Amount means the aggregate amount of each Guaranteed Debt that is guaranteed at any time by Partner Guarantors.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Guaranteed Amounts means the amounts due from time to time from the Issuer to (i) the Covered Bondholders with respect to each Series of Covered Bonds (excluding any additional amounts payable to the Covered Bondholders under Condition 9(a) (Gross-up by the Issuer)) and (ii) the Other Issuer Creditors pursuant to the relevant Transaction Documents.

  • Guaranteed Agreement means the Framework Agreement and each Call-Off Contract made between the Supplier and each Other Contracting Body;

  • Minimum Rent means the sum of Thirty-Three Million, Six Hundred Seventy-Nine Thousand, Seven Hundred Sixteen and 55/100 Dollars ($33,679,716.55) per annum.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Annual Renewal Date means the date in any calendar year, subsequent to the year in which the Policy comes into effect, corresponding numerically with the Policy Commencement date in that subsequent year.

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • Guaranteed Liabilities means all moneys, obligations and liabilities expressed to be guaranteed by the Guarantor in clause 2.1;

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Guaranteed loan means the loan in the original principal amount specified in Clause 4 of the Special Conditions made by the Guarantee Holder to the State-Owned Enterprise under the Loan Agreement and denominated in Guarantee Currency or, where the context may require, the amount thereof from time to time outstanding, the proceeds of which shall be applied to the Investment Project.

  • Guaranteed energy savings contract means a contract that includes all of the following: