Land Rent. LESSEE shall pay to LESSOR Land Rent for the Premises described in Section 2 PREMISES. The Land Rent shall be calculated as follows: Effective Dates Rate Per Sq. Ft. Annual Monthly 02/01/2023 - 12/31/2025 $.5262 $73,668.00 $6,139.00 Land Rent terminates on December 31, 2025 to be replaced by payment of the higher of either the Concession Fee or Minimum Annual Guarantee.
Appears in 1 contract
Sources: Concession and Lease Agreement
Land Rent. LESSEE shall pay to LESSOR Land Rent for the Premises described in Section 2 PREMISES. The Land Rent shall be calculated as follows: Effective Dates Rate Per Sq. Ft. Annual Monthly 02/01/2023 02/01/2022 - 12/31/2025 12/31/2024 $.5262 $73,668.00 $6,139.00 Land Rent terminates on December 31, 2025 2024 to be replaced by payment of the higher of either the Concession Fee or Minimum Annual Guarantee.
Appears in 1 contract
Sources: Concession and Lease Agreement