Common use of Minimum Annual Guarantee Clause in Contracts

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,177,827.00 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Sources: On Airport Rental Car Concession Lease

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,177,827.00 1,392,128.00 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Sources: On Airport Rental Car Concession Lease

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,177,827.00 668,661.77 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Sources: On Airport Rental Car Concession Lease

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,177,827.00 1,317,897.00 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Sources: On Airport Rental Car Concession Lease

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,177,827.00 1,797,128.00 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Sources: On Airport Rental Car Concession Lease

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,177,827.00 501,000.00 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Sources: On Airport Rental Car Concession Lease

Minimum Annual Guarantee. “(MAG”). The MAG for the Leased Premises shall be payable accordance with the following schedule: Annual Period: December 1, 2019 to November 30, 2020 Each succeeding year December 1 to November 30. MAG: $2,177,827.00 2,772,965.24 On December 1, 2020 and on each December 1 thereafter, the MAG shall be adjusted in accordance with the provisions of Section 4.02 (REVISION OF RENT).

Appears in 1 contract

Sources: On Airport Rental Car Concession Lease