Percentage Increment definition
Percentage Increment means percentage of the Initial Base Rate or Base Rate, as the case may be, to be prescribed annually by the Commissioner, which will be the maximum percentage increase available to Agents. Base Rate - shall mean the Initial Base Rate plus earned Percentage Increments, if any. Administrative Expenses – All expenses associated with, and necessary to, the site office operations of the Project, both management and maintenance, as well as those related to tenant oriented activities and purposes, shall be charged directly to the Project. These shall include but are not limited to the following expense items: All site office supplies, paper, stationery, software, and any purchases of printed material used for management, maintenance, tenant directed or reporting purposes; site office affiliated equipment and furnishings, appliances, and machinery, purchased or rented, and the cost of servicing, repairing or replacing this equipment; site telephone, mailing and delivery costs; lock box service, travel expenses and costs related to attendance of Agent’s personnel for Project related business or interest other than to and from the Project’s site office. Managing Agent Fee - shall mean the monthly Initial Base Rate or Base Rate, as the case may be. Marketing Fee - shall mean a fee to be established by the Commissioner to compensate for the cost of marketing, selling and renting activities.
Percentage Increment means percentage of the Initial Base Rate or Base Rate, as the case may be, to be prescribed annually by the Commissioner, which will be the maximum percentage increase available to Agents.
Examples of Percentage Increment in a sentence
Percentage Increment - shall mean percentage of the Initial Base Rate or Base Rate, as the case may be, to be prescribed annually by the Commissioner, which will be the maximum percentage increase available to Agents.