Minimum Annual Guarantee definition

Minimum Annual Guarantee shall have the meaning set forth in Section 5.2.

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Minimum Annual Guarantee means the annual Minimum Annual Guarantee specified in the Basic Lease Information and described in Section 5.1 hereof

Minimum Annual Guarantee or “MAG” means the minimum amount payable as the amount which the Lessee is required to pay to the Lessor for the privilege of operating the Rental Car Concession, as more precisely described herein.

Examples of Minimum Annual Guarantee in a sentence

• Notwithstanding anything to the contrary herein, in no event will the Base Rent payable to City be less than the Minimum Annual Guarantee.

• Tenant shall cause such Deposit to be increased from time to time such that at all times the Deposit is equal to one-half (1/2) the then current Minimum Annual Guarantee, all at Tenant’s cost.

• Tenant shall cause the Deposit to be increased from time to time such that at all times the Deposit is equal to one-half (1/2) the then current Minimum Annual Guarantee, all at Tenant’s cost.

• Such Deposit shall be renewed annually and increased annually such that at all times, the Deposit is equal to one-half (½) the then current Minimum Annual Guarantee, all at Tenant’s cost.

• On each MAG Adjustment Date, the Minimum Annual Guarantee will be adjusted if the Comparison Index exceeds the Base Index.

More Definitions of Minimum Annual Guarantee

Minimum Annual Guarantee. (MAG) means minimum rent guaranteed for each year of the term, as specified in the Summary.

Minimum Annual Guarantee or "MAG" shall mean the absolute amount on annual basis computed by multiplying MMG by twelve(12), in respect of a particular Concession Year.

Minimum Annual Guarantee means the minimum amount of money that is due annually and payable monthly to Authority from Concessionaire, as provided in Article 5 of this Agreement.

Minimum Annual Guarantee or “MAG” means the minimum Privilege Fee due the Authority annually from the Operator set forth in Section 5.2.

Minimum Annual Guarantee or “MAG” means, for each year during which the Franchisee performs the Services (including during any Extended Term or Holdover Period), the amount set forth in Section 6.3.1, subject to any adjustment under Section 6.3.3.

Minimum Annual Guarantee means the minimum amount of concession fees (exclusive of rentals for Ready/Return and Overflow and Terminal Premises) due City annually from Concessionaire, all as more specifically set forth in Section 5.5(a).

Minimum Annual Guarantee or "MAG" shall mean the absolute amount on annual basis computed by multiplying MMG by twelve (12), in respect of a particular Concession Year., the amount quoted by the Bidder in his Bid for each Concession Year for the Concession Term.