Examples of Minimum Base Rent in a sentence
Notwithstanding the provisions of this Paragraph 1 to the contrary, in the event an existing tenant enters into a new lease for space in the Project, Manager shall receive a commission of four percent (4%) of the total Minimum Base Rent for the first five years of the new lease term, two percent (2%) of the total Minimum Base Rent for the sixth through tenth years of the new lease term, and no commission for any additional years of the new lease term.
If, thereafter, the lease is not cancelled by the tenant or if the right of cancellation is exercised by Owner only, Manager shall be paid the balance of the commission based on the aggregate Minimum Base Rent for the remaining portion of the lease term, less the cancellation fee or penalty computed as if there had been no right of cancellation in the lease.
Where the tenant, or the Owner, has the right to cancel a lease prior to the expiration date, Manager shall initially be paid a commission based on the aggregate Minimum Base Rent for the uncancellable portion of the term, plus any cancellation penalty or fee payable by tenant pursuant to the lease.
Proposals can also identify other rent proposed to be paid, such as annual rent for an O&M building, to make the rent paid to the State comparable to that paid to private landowners in the same project.1. Minimum Base Rent: as described in Section 9.1.1; AND2.
Owner shall pay commissions to Manager in accordance with this commission schedule (this "Schedule") for leases of any space in the Project as follows: (i) four percent (4%) of the total Minimum Base Rent for the first five years of the lease term, (ii) two percent (2%) of the total Minimum Base Rent for the sixth through tenth years of the lease term, and (iii) one percent (1%) of the total Minimum Base Rent for the eleventh through fifteenth years of the lease term.
During Lease Years 8 to 12 (Operation Period Years 6 to 10)The amount by which 4.5% of the Annual Gross Revenue from all of the Hotel operations plus 3.5% of the Annual Gross Revenue from all of the Dinner- Theater Operations exceeds Minimum Base Rent.
The Developer will pay the Port the greater of the Minimum Base Rent or the Percentage Rent.
In case of non-compliance of these provisions, "I" grade shall automatically be converted into "FF" gradeR 31.
The intent of this proposal is to ascertain the highest bid for lease of space on the above- referenced property for placement of a telecommunications antenna installation for up to twenty- five years based upon the Minimum Base Rent, as well as annual percentage increases pursuant to Paragraph nine (9).
Decisions of co-deployment will be underpinned by a very robust and integrated disease surveillance system and will draw upon recommendations of the WHO.