CONCESSION AGREEMENT COMPENSATION Sample Clauses

CONCESSION AGREEMENT COMPENSATION. It is recognized that this space is a valuable piece of commercial real estate in the heart of the Martha’s Vineyard regional economic center. Pursuant to FAA requirements, in no case shall the overall compensation be less that the minimum specified in this RFP. Electrical service is not currently metered. Until the time that a dedicated supplier’s electric meter in installed, proposer shall pay $1,000 per month to the Airport for electric service as additional rent. First Agreement Year Minimum Annual Guarantee (MAG): $36,500.00 or $ Second Agreement Year MAG: $37,960.00 or $ Third Agreement Year MAG: $39,478.40 or $ Fourth Agreement Year MAG: $41,057.54 or $ Fifth Agreement Year MAG: $42,700.00 or $ No later than April 15th, 2021, 2022, 2023, 2024 and October 15, 2025, the Concessionaire agrees to pay to the Martha’s Vineyard Airport (“Airport”), three percent (3%) of its Gross Revenues from $300,000 to $500,000 and five percent (5%) of its Gross Revenues over $500,000 for the previous 12 month period, and the final 6 month period – April 1 – September 30, 2025 (as defined in the Concession Agreement). As an example: Gross $0 - $300,000-$500,000 $500,000.01 + = Additional Total Paid to MAG Sales $299,999.99 =0 = 3% 5% Percent of Gross Paid to MVAC MVAC 36,500 $298,000 0 0 0 0 $36,500 36,500 $400,000 0 $3,000 0 $3,000 $39,500 36,500 $550,000 0 $6,000 $2,499.99 $8,499.99 $44,999.99 SECTION IV. PROPOSAL REQUIREMENTS
Sample 1
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CONCESSION AGREEMENT COMPENSATION. It is recognized that this space is a valuable piece of commercial real estate in the heart of the Martha’s Vineyard regional economic center. Pursuant to FAA requirements, in no case shall the overall compensation be less that the minimum specified in this RFP. Electrical service is not currently metered. Until the time that a dedicated supplier’s electric meter in installed, proposer shall pay $1,000 per month to the Airport for electric service as additional rent. First Agreement Year Minimum Annual Guarantee (MAG): $36,065.12 or $ Second Agreement Year MAG: $37,507.72 or $ Third Agreement Year MAG: $39,008.03 or $ Fourth Agreement Year MAG: $40,568.36 or $ Fifth Agreement Year MAG: $42,191.09 or $ No later than January 31st annually, the Concessionaire agrees to pay to the Martha’s Vineyard Airport (“Airport”), ten percent (10%) of its Gross Revenues from the previous calendar year (as defined in the Concession Agreement), when that 10% amount is greater than the MAG of the previous calendar year.
Sample 1

Related to CONCESSION AGREEMENT COMPENSATION

  • Reciprocal Compensation The arrangement for recovering, in accordance with Section 251(b)(5) of the Act, the FCC Internet Order, and other applicable FCC orders and FCC Regulations, costs incurred for the transport and termination of Reciprocal Compensation Traffic originating on one Party’s network and terminating on the other Party’s network (as set forth in Section 7 of the Interconnection Attachment).

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Arrangement Agreement This Plan of Arrangement is made pursuant to, and is subject to the provisions of, the Arrangement Agreement, except in respect of the sequence of the steps comprising the Arrangement, which shall occur in the order set forth herein.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Continuing Agreement (a) This Agreement shall remain in full force and effect until such time as the Secured Obligations arising under the Loan Documents have been paid in full and the Commitments have expired or been terminated, at which time this Agreement shall be automatically terminated and the Administrative Agent shall, upon the request and at the expense of the Obligors, forthwith release all of its liens and security interests hereunder and shall execute and deliver all UCC termination statements and/or other documents reasonably requested by the Obligors evidencing such termination.

  • ENTIRETY OF CONTRACTUAL AGREEMENT The COUNTY and the CONTRACTOR agree that this Contract sets forth the entire agreement between the parties, and that there are no promises or understandings other than those stated herein. None of the provisions, terms and conditions contained in this Contract may be added to, deleted, modified, superseded or otherwise altered, except by written instrument executed by the parties hereto.

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