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.
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.
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.
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.
In addition to the Minimum Annual Guaranteed Rent, the selected Proposer shall pay the County on a monthly basis a Percentage of Monthly Gross Receipts, for revenue from the sale of all fees, goods and services provided at the location, as of Date of Beneficial Occupancy.
The transfer documents shall specify the allocation, as applicable, of the Development Fee, Delayed Closing Fees, Initial Annual Rent, Minimum Annual Guaranteed Rent, Penalty Delayed Completion Rent, Participation Rent and any other payments under this Agreement and any applicable Lease to be paid to County by the transferee.
Beginning on January 1, 2020 and continuing each January 1st thereafter during the period of the Primary Term, the Minimum Annual Guaranteed Rent shall be adjusted to equal an amount equal to the greater of: (a) the CPI Adjusted Minimum Annual Guaranteed Rent for such Year (as computed and defined in Section 4.1.2.1 below), or (b) eighty-five percent (85%) of the Percentage Rent for the prior Year.
Since the initial term sheet offer to increase the base rent from $300,000 to $1 million per year, the City has been able to negotiate a Minimum Annual Guaranteed Rent of $1.9 million per year, plus annual CPI increases.
The parties acknowledge that in no event shall the Minimum Annual Guaranteed Rent be less than the CPI Adjusted Minimum Annual Guaranteed Rent.