Participation Rent shall have the meaning set forth in Section 3 of this Lease.
Participation Rent has ever been paid to the Agency to date – 1989 – 2013 nor is it anticipated during the term of the leases.]
Participation Rent has the meaning ascribed to it in Section 2.4(d).
Examples of Participation Rent in a sentence
If access to the Premises is prevented for any length of time due to any reason under subsection (a), (b) or (c), there shall be no abatement or reduction in Basic Rent, Additional Rent or Participation Rent, nor shall the Tenant receive any compensation for loss of business or claim of any kind.
Participation Rent is based on a measure of incremental revenues and is not applicable until year 2012.
In exchange for the County-owned land required to construct the Project, including all surface, sub-surface and air rights to be granted as part of the Development Agreement, the Master Developer shall provide remuneration to the County in the form of an Annual Ground Base Rent and Participation Rent.
Rectification of this issue failed to improve the 103C1/C2 performance.
The dates and manner of payment for Participation Rent shall be as set forth in this Section 3.03.
More Definitions of Participation Rent
Participation Rent as defined in Section 2.4.
Participation Rent means the Participation Rent in the Basic Lease Information and described further in Section 7.2.
Participation Rent. Participation Rent shall be paid and determined in the manner set forth in Sections 3.3(b) and (c) below, and Lessee shall also pay to Lessor, with each payment of Participation Rent, an amount equal to one-half of the applicable sales tax thereon.
Participation Rent means Participation Rent payable pursuant to Section 4.5 hereof.
Participation Rent shall have the meaning given to such term in Section 3.3 of this Lease. "Permitted Exceptions" means only: (1) the recorded title exceptions affecting the Fee Estate and prior to this Lease as of the Commencement Date, listed as exceptions in Tenant’s leasehold policy of title insurance for this Lease; (2) any title exceptions (including Subleases) caused by Tenant’s acts or omissions, consented to or requested by Tenant, or resulting from Tenant Default; (3) any Application made at Tenant’s request; (4) this Lease and its terms and provisions; (5) any state of facts an accurate survey or physical inspection would show, including any encroachments thereon or over any street or adjoining property; (6) the lien for all taxes, charges, rents, assessments, and any other governmental charges which are not yet due and payable; and (7) all Laws, zoning regulations, restrictions, rules and ordinances, and all building restrictions and other laws and regulations now in effect or hereafter adopted by any governmental authority having or acquiring jurisdiction; and, with respect to the Improvements, in their present state and condition and without representation or warranty of any kind by Landlord. Permitted Exceptions also include all rights, if any, for electricity, gas, telephone, water, cable television, and any other utilities to maintain and operate lines, cables, poles, and distribution boxes in, over, and upon the Premises, that are not within recorded easements or shown on the survey obtained by Tenant just prior to the Effective Date.
Participation Rent means that percentage of Gross Revenue payable to the Licensor as set out in Article 3.1(1) and Article 3.1(2). 1.292 Person means any individual, company, corporation, partnership, limited partnership, firm, trust, sole proprietorship, government or government agency, authority or entity, however designated or constituted. 1.30 Prime Rate means the prime rate of interest per annum charged by any Canadian bank designated by the Licensor from time to time on loans made in Canadian funds to its customers in Canada, as such is adjusted from time to time. 1.31 Rent means the Minimum Guarantee and Participation Rent, and fees for counter use and parking stall use, where applicable. 1.32 Transfer means any assignment of this Licence in whole or in part, or any subletting of all or any part of the Licenced Premises, or any mortgage, pledge, hypothecation, charge or any other encumbrance of this Licence or the Premises or any part thereof, or any occupation, or parting with or sharing possession, of all or any part of the Licenced Premises by any Person. 1.33 Transferee means the assignee, sublessor or occupant following of a Transfer. 1.34 Vehicle means and automobile, motorcycle, van, truck and any other vehicle propelled, driven or drawn other than by muscular power. 1.35 Visual Aids means:
Participation Rent has the meaning ascribed in Section 2.4(b). Permitted Transfer and Permitted Transferee have the meanings ascribed in Sections 5.2 and 5.3. Permitted Use: means the following permitted uses and operations on the Property and within the Lessee Improvements: at least an approximately 104 slip marina with fixed docks, bulkhead repair; marina, hospitality, retail, and potential restaurant uses integral to the marina; amenities including potentially a boat club, potentially day boat and watersports rentals, potential captain’s lounge, marine store, in-slip pump out service, fuel facilities, secured access, 24-hour security monitoring, and other amenities, and upland buildings (including retail, potential restaurant, office, and other uses and accompanying amenities), as the same may be modified by the reasonable approval of Lessor and Lessee and the terms of the Approvals.