Breakpoint means the dollar level of investment necessary to qualify a purchaser for a discounted sales charge on a quantity purchase of open-end management company shares.
Breakpoint means the line of separation between the shallow portion and the deep portion of a pool, defined by a sharp change in the slope of the pool bottom.
Breakpoint for any specific period means the amount obtained by dividing the Minimum Annual Rent payable during such period by the percentage set forth in Section 1.10 for the calculation of Percentage Rent.
Examples of Breakpoint in a sentence
For general information about these fees and discounts, please refer to the Mutual Fund Breakpoint Disclosure Statement located at xxx.xxxxxxxxxxxxxxxxx.
Breakpoint Tables for Interpretation of MICs and Zone Diameters, Version 5.0. 2014.
The Breakpoint for any partial year shall be pro-rated based upon a 365-day year.
Percentage Rent for each calendar year (or portion thereof) during the Term shall be calculated by determining the amount by which Gross Sales for such calendar year exceed, if at all, the Breakpoint (as hereinafter defined) for such calendar year and multiplying the difference by the Percentage Rate set forth in the Basic Lease Information.
Percentage Rent is due for each calendar quarter during the Term within ten (10) days after the end of the first (1st) calendar quarter that Gross Sales for the applicable calendar year have reached the Breakpoint for such calendar year, and each quarter thereafter during such calendar year.
More Definitions of Breakpoint
Breakpoint means an amount computed by dividing the Minimum Rent payable by Tenant for a Lease Year or partial Lease Year, as the case may be (or the Minimum Rent that would have been payable by Tenant for such Lease Year or partial Lease Year but for permitted offsets, abatements and other reductions to Minimum Rent) by four percent (4%).
Breakpoint means that amount of Gross Sales which when multiplied by the Percentage Rent will equal the Minimum Rent in any calendar year for the portion of the Premises which Tenant uses for a Permitted Non-Office Use (except that portion of the Premises to which Section 7.1(v) refers).
Breakpoint means the aggregate of the minimum guaranteed rent payable for the calendar year in question divided by . The percentage rent shall be paid on or before January 10 following each calendar year in which the Gross Sales made in or from the Premises exceeds the Breakpoint. In no event shall the Rent to be paid by Tenant and retained by Landlord for any calendar year be less than the Base Rent specified in this lease. If this lease should commence on a date other than the first day of a calendar year or terminate on a date other than the last day of a calendar year, the Breakpoint shall be calculated by reference to the aggregate minimum guaranteed rent payable during such fractional part of the calendar year following the Rent Commencement Date or preceding the termination date as the case may be, and the amount of gross sales used to calculate percentage rent shall be the total gross sales made in or from the Premises during such fractional calendar year. Upon the termination of this lease, Tenant shall make a payment of percentage rent for the final fractional calendar year within ten (10) days after the termination of this Lease. The provisions of this Section shall survive the expiration or termination of this Lease.
Breakpoint means [insert breakpoint as set dollar value]. If the Lease Year is less than 365 days, the [Annual Basic Rent or Breakpoint] will be reduced by multiplying the [Annual Basic Rent or Breakpoint] by a fraction, the numerator of which is the number of days in the Lease Year and the denominator of which is 365. If the Tenant fails to carry on business in the Premises on a day on which the Tenant is required to carry on business in accordance with the terms of this Lease, the [Annual Basic Rent or Breakpoint] will be reduced by multiplying it by a fraction, the numerator of which is the number of days in the Lease Year on which the Premises are open to the public for business and the denominator of which is the number of days in the Lease Year on which the Tenant is required to carry on business in the Premises in accordance with the terms of this Lease plus any days on which the Tenant is not required to carry on business by reason of closures under any provision of this Lease or force majeure as described in Section 20.8 of this Lease.
Breakpoint means the aggregate of the minimum guaranteed rent payable for the calendar year in question divided by five percent (5%). The percentage rent shall be paid on or before January 10 following each calendar year in which the Gross Sales made in or from the Premises exceeds the Breakpoint. In no event shall the Rent to be paid by Tenant and retained by Landlord for any calendar year be less than the Base Rent specified in this lease. If this lease should commence on a date other than the first day of a calendar year or terminate on a date other than the last day of a calendar year, the Breakpoint shall be calculated by reference to the aggregate minimum guaranteed rent payable during such fractional part of the calendar year following the Rent Commencement Date or preceding the termination date as the case may be, and the amount of gross sales used to calculate percentage rent shall be the total gross sales made in or from the Premises during such fractional calendar year. Upon the termination of this lease, Tenant shall make a payment of percentage rent for the final fractional calendar year within ten (10) days after the termination of this Lease. The provisions of this Section shall survive the expiration or termination of this Lease.
Breakpoint means the aggregate amount of gross sales as defined in the Lease Agreement above which Percentage Rent is calculated as more particularly set forth in the respective Lease Agreement.
Breakpoint for each of the Bloomsburg Lease Agreement, the Reading Lease Agreement, and the Selinsgrove Lease Agreement, respectively, means the aggregate amount of gross sales revenue as defined in the respective Lease Agreements above which Percentage Rent is calculated as more particularly set forth in the respective Lease Agreement.