Percentage Rental definition

Percentage Rental or "Additional Rent" (as defined in this Article V) under this Lease shall commence on the Rent Commencement Date. Tenant shall pay all rental and other payments to Landlord at its management office in the Project, or at such other place as may from time-to-time be designated by Landlord.

Percentage Rental means the rental that may be payable by the Tenant to the Landlord during the year, calculated in accordance with the Supplemental Lease Agreement, being 70% of the Total Profit Before Tax received by the Tenant if the amount of the Total Profit Before Tax equals to or less than RMB11 million; or in the case of the amount of the Total Profit Before Tax exceeding RMB11 million, being RMB7 million plus 50% of the Total Profit Before Tax after deducting RMB11 million.

Percentage Rental. N/A (l) Initial "Common Area Maintenance Charge" per month: $ ($2.65/s.f./yr.) (m) Initial "Insurance Escrow Payment" per month: $ ($0.60/s.f./yr.) (n) Initial "Tax Escrow Payment" per month: $ ($3.35/s.f./yr.)

Examples of Percentage Rental in a sentence

• All 48 amounts of Minimum Annual Rental, Percentage Rental and Additional Rent (also collectively referred to 49 in this Lease as “Rental”) payable in a given month shall be deemed to comprise a single rental obligation 50 of Tenant to Landlord.

• For purposes of the foregoing, the term “Natural Break Point” shall equal the Base Rent payable during such calendar year divided by the Percentage Rental Rate.

• In addition to the Base Rent and Additional Rent hereinabove agreed to be paid by Tenant, Tenant shall and will pay to Landlord at the time and in the manner herein specified an additional rental (sometimes referred to herein as "Percentage Rental") a sum equal to the product of the Percentage Rental Rate specified in Section 1.14 above times the amount of Tenant's gross sales made in, upon, or from the Premises during each calendar year of the term hereof in excess of the Natural Break Point.

• Such Additional Rent shall be 14 deemed to be in lieu of Percentage Rental only (as that term is defined in Section 2.02) that might have 15 been earned during the period of Xxxxxx's failure to open.

• Sethi, Mengqi Liu, Shihua Ma We consider a financially constrained supply chain in which a supplier (leader) sells products to a retailer (follower) who has no access to bank financing due to her low credit rating.

More Definitions of Percentage Rental

Percentage Rental. RATE: 0% [See ADDENDUM D, PERCENTAGE RENTAL/GROSS SALES REPORTS, if applicable]

Percentage Rental. For each calendar year during the Lease Term, Percentage Rental shall equal the sum of (i) 50% of Tenant's Net Cash Flow which does not exceed $550,000 per calendar year, (ii) thereafter, 25% of Tenant's Net Cash Flow in excess of $550,000 and which does not exceed $615,000 during the calendar year, and (iii) thereafter, 40% of Tenant's Net Cash Flow during the calendar year. In the event that either the Commencement Date is a date other than January 1st, or the termination date of this lease is other than December 31st, Percentage Rental for each partial calendar year during the Term shall be prorated. Such proration shall be made by using the formula set forth in the definition of "Percentage Rental" except that the numbers $550,000 and $615,000 contained within the definition of the term "Percentage Rental" shall be replaced with a number determined by multiplying $550,000 or $615,000, as applicable, times a fraction (the "Percentage Rent Fraction"), the numerator of which shall be the number of days that have elapsed in the relevant partial calendar year and the denominator of which shall be the number of calendar days i.e, either 365 or 366, in such calendar year. For example, Percentage Rental for a partial calendar year commencing January 1st and ending August 31st shall be calculated as follows, assuming that Net Cash Flow for the period is $750,000: Number of dates between (and including) January 1st and August 31st in non-leap year = 243 243/365 = 66.58% $550,000 x 66.58% = $366,190 $615,000 x 66.58% = $409,467 $750,000 - $409,467 = $340,533 x 40% = $136,213.20 $409,467 - $366,190 = $43,277 x 25% = 10,819.25 $366,190 x 50% = $183,095.00 ----------- TOTAL $330,127.45 ===========

Percentage Rental. The product of (1) the amount of Gross Sales in excess of the Breakpoint, multiplied by (2) 5.5%. The "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.

Percentage Rental is as defined in Section 5.6 of this Lease.

Percentage Rental. (as defined below) and all additional charges shall begin to accrue on the Rent Commencement Date.

Percentage Rental means the Rental payable in accordance with the provisions of Section 4.0l(b)(2).

Percentage Rental. Tenant shall pay six percent (6%) of the amount by which Tenant's Net Sales (as defined in Section 5.1) during a particular Lease Year (as defined in Section 4.5) exceeds the amount listed below for such Lease Year: Lease Years 1-2 $2,500,000.00 Lease Years 3-4 $2,900,000.00 Lease Years 5-6 $3,000,000.00 Lease Years 7-10 $3,335,000.00 Option Years 1-2 $3,833,333.00 Option Years 3-10 $4,333,333.00