Breakpoint definition

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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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 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 ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.

• The Suite Revenue Breakpoint then included in the Annual Revenues Computation pursuant to Subsection 3.1(b) shall be similarly adjusted, effective with any such adjustment in the Base Rent.

• The Suite Revenue Breakpoint then included in the Quarterly Revenues Computation pursuant to Subsection 3.1(b) shall be similarly adjusted, effective with any such adjustment in the Base Rent.

• If the Sales Breakpoint changes during a Lease Year, the Sales Breakpoint for that Lease Year shall be appropriately adjusted.

• If Minimum Rent for any Lease Year or Partial Lease Year is reduced or abated for any reason, the Sales Breakpoint shall be reduced in direct proportion to the reduction or abatement of Minimum Rent for the period of time that such reduction or abatement of Minimum Rent is in effect.

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 $8,100,000 in Contract Year one, $8,500,000 in

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 is defined in SECTION 1.9.

Breakpoint. Means the point, during any Lease Year, at which the Gross Sales achieved during such Lease Year are at a level which is sufficient to cause Percentage Rent to accrue. As used in this Lease, Breakpoint shall mean either the “Natural Breakpoint” or the “Unnatural Breakpoint” whichever is then applicable.

Breakpoint is the quotient of (a) annual Net Minimum Rental, divided by (b) 5.5%. During the Stub Period Percentage Rental shall equal the product of (i) the amount of Stub Period Gross Sales in excess of the Stub Period Breakpoint, multiplied by (ii) 5.5%. "Stub Period Breakpoint" is the quotient of (x) actual aggregate Net Minimum Rental payable during the Stub Period, divided by (y) 5.5%. As used herein: (1) "Net Minimum Rental" means Minimum Rental less the Base Year Additional Rent"; (2) "Base Year Additional Rent" means the leasable square feet of the Premises multiplied by $12.25; and (3) "Stub Period Sales" means Gross Sales during the 12-month period beginning on the Commencement Date multiplied by a fraction, the numerator of which equals the number of days in the Stub Period ands the denominator of which equals 365. "TENANT'S CONSTRUCTION PERIOD": 180 days, commencing when Landlord has substantially completed Landlord's Work as provided in Section 3.1.