Percentage Rent definition

Percentage Rent. As defined in Subsection 3.1(b).

Percentage Rent shall have the meaning given such term in Section 3.1.2(a).

Percentage Rent shall have the meaning given it in the Summary.

Examples of Percentage Rent in a sentence

• Failure by any subtenant to report Gross Sales or to pay Percentage Rent due from subtenant constitutes a breach of this Lease.

• TENANT hereby agrees to and does guarantee payment of such Percentage Rent due by a subtenant under the terms of this lease.

• All Rent, including the Minimum Rent and the Percentage Rent, must be paid in lawful money of the United States of America, without offset or deduction and must be paid to CITY at City Hall located at 000 Xxxxxx Xxxxxx, Xxxxx Xxx, Xxxxxxxxxx, or at such other place or places CITY may from time to time designate by written notice delivered to TENANT.

• At all times while Gross Receipts are being generated from the Leased Premises, Tenant shall calculate Percentage Rent each calendar month, in accordance with the applicable Percentage Rent Rate(s) as set forth in the Exhibit G, in a form acceptable to the County.

• Percentage Rent shall commence upon the DBO for each Concession within the Leased Premises.

More Definitions of Percentage Rent

Percentage Rent. With respect to any Lease, the rent thereunder, if any, calculated as a percentage of the total sales generated by the related Tenant at the related Property in excess of (or in lieu of, as applicable) the Monthly Lease Payments as provided in the applicable Lease.

Percentage Rent. As defined in the Property Management Agreement.

Percentage Rent means percentage rent as determined from the most recent operating statement, to the extent deemed recurring and sustainable, determined on a trailing 12-month basis; provided, however, that for any particular tenant, the aggregate annual rent (including percentage rent) attributed to such tenant cannot exceed market rent.

Percentage Rent shall have the meaning set forth in Section 1.4(b)(ii).

Percentage Rent means, for any Fiscal Year during the Lease Term, thirty-three and one-third percent (331/3%) of the positive difference, if any, between the current year's Gross Golf Revenue and the Gross Golf Revenue for the Base Year, pro rated for any partial periods.

Percentage Rent means, as to any Ground Net Lease, such rent that is payable with respect thereto to a Loan Party or any of their Restricted Subsidiaries based on a percentage of property level performance (sales or otherwise).

Percentage Rent means the amount required to be paid under Section 3.1 hereof.