Percentage Rental. In addition to the Annual Rental, Additional Rent and other sums specified herein, Tenant shall pay percentage rent each year commencing in the month in which the annual Gross Sales Breakpoint is exceeded (hereinafter "Percentage Rental") calculated as a percentage of Tenant's "Gross Sales" (as that term is defined in Article VI) made from or upon the Premises during each calendar year or pro ration thereof. Percentage Rental shall be calculated by (i) subtracting the "Gross Sales Breakpoint" specified in Section 1.8 from Tenant's Gross Sales, and then (ii) multiplying the resulting amount by the percent specified in Section 1.7. Said Percentage Rental shall be computed each calendar month and, on or before the fifteenth (15th) day after the close of each such calendar month, Tenant shall submit to Landlord a Statement of Gross Sales in the form set forth in Exhibit D and pay to Landlord the "Percentage Rent Due" (if any) as computed pursuant to Exhibit D. Tenant shall account for and pay Percentage Rental on any Gross Sales during any partial calendar month or partial calendar year at the beginning or end of the Lease Term in the same manner based on a pro rated Gross Sales Breakpoint calculated on the basis of the number of days in such partial calendar month or year divided by thirty (30) or three hundred sixty-five (365), as the case may be. The Gross Sales Breakpoint shall be increased (but never decreased) on each anniversary of the Rent Commencement Date during the Lease Term in accordance with the procedure described in Section 5.8 (for which purposes "Base Amount" shall mean the Gross Sales Threshold specified in Section 1.9 on the Rent Commencement Date and the fifth anniversary of the Rent Commencement Date, "Base Month" shall mean the month in which the Rent Commencement Date and the fifth anniversary of the Rent Commencement Date occurs, and "Month of Adjustment" shall mean any month in which the Gross Sales Breakpoint is to be increased pursuant to this Section).
Percentage Rental. (a) Percentage Rental Rate: Eight percent (8%).
Percentage Rental. 39 (a) In addition to the payment of Minimum Annual Rental and Additional Rent, from and 40 after the Rental Commencement Date, Tenant shall pay to Landlord in accordance with the provisions of 41 this Section 2.02, “Percentage Rental” equal to the product of the Percentage Rental Rate specified in the 42 Data Sheet times the amount by which Gross Sales (as defined in Section 2.03) exceed the “Annual 43 Breakpoint” specified in the Data Sheet.
Percentage Rental. Not Applicable.
Percentage Rental. [***] of Gross Sales in excess of the Gross Sales Breakpoint. Percentage Rental is defined in Section 5.3.
Percentage Rental. (a) During the Term, Tenant shall pay to Landlord, as provided below, the dollar amount by which the percent specified in Section 1.13 ("Percentage Rate")
Percentage Rental. In addition to the Minimum Annual Rental, Tenant agrees to pay the Landlord, in the manner and upon the conditions and at the times hereinafter set forth, during and for each calendar year of the term hereof and as "percentage rental" hereunder an amount equal to FIELD(%RATE) of all "net sales" (as defined in ARTICLE 5 hereof) in excess of the following amounts made by Tenant in the Leased Premises during any calendar year of the term hereof: From the rental commencement date set forth in ARTICLE 3 through the first FIELD(#MO-1ST) months thereafter: FIELD(BREAKPOINT); From the FIELD(COMMENC2) month after the rental commencement date through the FIELD(#MO-2ND) month thereafter: FIELD(BREAK2); From the FIELD(COMMENC3) month after the rental commencement date through the expiration of this lease term: FIELD(BREAK3). These amounts shall be prorated for the proportionate part, if any, of (i) the first calendar year of the term hereof commencing on the date upon which rental shall commence under ARTICLE 3 hereof and ending on the next following December 31; (ii) any year during which rental payments are terminated as a result of a casualty or condemnation or otherwise as expressly provided for in this Lease; and (iii) any year in which these amounts change on a date other than the first day of such year. The percentage rental shall be first paid for the month in which the aggregate net sales for such calendar year shall first have exceeded the breakpoint for such calendar year and thereafter shall be paid monthly on all additional net sales made during the remainder of such calendar year (or partial year, as the case may be), such payments to be made not later than the fifteenth (15th) day of the next following month.
Percentage Rental. 11 30. Liens ....................................................14 31. Indemnification ..........................................15 32.
Percentage Rental. A. In addition to the Minimum Rent payable annually of TWO HUNDRED TWENTY SIX THOUSAND NINE HUNDRED TWENTY-THREE AND 00/100 DOLLARS ($226,923.00), TENANT agrees to pay LANDLORD a percentage rental based upon the four (4) kinds of gross sales receipts, below set forth, that is, Gross sales receipts received from customers on the Leased Premises and made up of or consisting of the following if the total thereof is in excess of TWO HUNDRED TWENTY SIX THOUSAND NINE HUNDRED TWENTY-THREE AND 00/100 DOLLARS ($226,923.00) per annum:
Percentage Rental. As to any leases which contain a percentage rent clause. Owner shall pay a commission on the percentage rent at the same rate as applicable for the minimum guaranteed rent as above provided. This commission shall be due and payable within fifteen days after the Tenant's final payment and accounting of percentage rental for the preceding lease year. At the end of the third full lease year there shall be a settlement as to any commission due on percentage rental for the remainder of the original term of the lease calculated upon the assumption that the percentage rental for each year of the remainder of the term will be the same as the percentage rental for the third full lease year.
