Examples of Percentage Rent in a sentence
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.
Tenant agrees for each Accounting Year to pay the greater of a) Base Rent or b) Percentage Rent, as Concession Space Rent payable monthly in arrears, on or before the fifteenth (15) day of each calendar month without prior demand or notice.
Percentage Rent shall commence upon the DBO for each Concession within the Leased Premises.
All Percentage Rent payments shall be computed based on all Gross Receipts made during the previous Calendar Month, as all such Gross Receipts are indicated on Tenant’s Gross Receipts Report.
Upon the Term Commencement Date, Tenant shall pay either Base Rent or Percentage Rent, whichever is greater.