Remaining Term. On the first day of the first full agreement year, the MAG will be adjusted by multiplying 85% by the total rental received by DOT (consisting of rental amounts actually received and which DOT is entitled to receive) during the first eight month period plus US$13.36 million [US$3.34 million multiplied by four months]. No other MAG adjustments will be permitted during the first full agreement year or the second full agreement year.
Appears in 4 contracts
Sources: Hawaii Duty Free Contract, Concession Agreement, Concession Agreement