Common use of Generally; Payment in Installments Clause in Contracts

Generally; Payment in Installments. In addition to the Minimum Rent payable with respect to the Leased Property, Tenant shall pay Percentage Rent for each Lease Year. Percentage Rent shall be payable quarterly in arrears in four (4) installments, on the Rent Payment Date occurring in April, July, August and January of each Lease Year, in respect of the quarter ending in the prior month, commencing in 2000. Each quarterly installment shall be based on, and accompanied by, an Officer's Certificate setting forth Tenant's current estimated Receipts for the Leased Property (on a Leased Property-by-Leased Property basis) on a cumulative basis for the period commencing with the Lease Year through the end of the quarter in question, and shall take into account previous installments paid in respect of such Lease Year.

Generally; Payment in Installments. In addition to the Minimum Rent payable with respect to the Leased Property, Tenant shall pay Percentage Rent for each Lease Year. Percentage Rent shall be payable quarterly in arrears in four (4) installments, on the Rent Payment Date occurring in April, July, August and January of each Lease Year, in respect of the quarter ending in the prior month, commencing in 2000April, 1999. Each quarterly installment shall be based on, and accompanied by, an Officer's Certificate setting forth Tenant's current estimated Receipts for the Leased Property (on a Leased Property-by-Leased Property basis) on a cumulative basis for the period commencing with the Lease Year through the end of the quarter in question, and shall take into account previous installments paid in respect of such Lease Year.