Silsbee Restaurant Sample Clauses

Silsbee Restaurant. The amount of reduction in the Purchase Price shall be calculated for the Silsbee Restaurant as follows: $78,000 annual base rent + 5% of gross sales in excess of $1,560,000 for the period of 7-1-96 through 6-30-97 --------------------------- = Rent amount x 8 --------------------------- = Reduction in purchase price amount