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

• For example, if Tenant’s Lease Year is November 1 through October 31, then for purposes of calculating Percentage Rent for April 2003, all gross revenues achieved to date (from November 1 through April 30) will be cumulated.

• On or before the 20th day of each month, Tenant will submit to City a Sales Report showing Xxxxxx’s Gross Revenues achieved with respect to the prior month, together with the Percentage Rent calculated on such Gross Revenues, cumulated by Lease Year.

• If and when the MAG is reinstated, Tenant shall pay to City within five (5) days after City shall have given notice to Tenant of such reinstatement, the deficiency, if any, between the Percentage Rent paid by Tenant and the MAG, for the month(s) following such reinstatement.

• In the event Tenant completes its improvements and opens for business prior to the Rent Commencement Date, Base Rent will be greater than the Percentage Rent or a pro-rated MAG based on a thirty (30) day month.

• In the event this Lease covers more than one Facility, upon the Rent Commencement Date for the first and each successive Facility, Base Rent will be the greater of the Percentage Rent or a pro-rated MAG based on the percentage of each such Facility’s square footage against the total square footage of the 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. As defined in Article 3. ---------------

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 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 rent in the form of a percentage of a tenant's gross sales in excess of a predetermined threshold or breakpoint.