Print Page  |  Close Window

SEC Filings

10-K
CINEMARK HOLDINGS, INC. filed this Form 10-K on 02/23/2018
Entire Document
 

 

Annual Base Rent:

 

Lease Years 1-5, $27.00 per square foot of Floor Area within the Premises per Lease Year

Lease Years 6-10, $28.50 per square foot of Floor Area within the Premises per Lease Year

Lease Years 11-15, $30.00 per square foot of Floor Area within the Premises per Lease Year

First Extension Term, if exercised, $31.50 per square foot of Floor Area within the Premises per Lease Year

Second Extension Term, if exercised, $33.00 per square foot of Floor Area within the Premises per Lease Year

Third Extension Term, if exercised, $34.50 per square foot of Floor Area within the Premises per Lease Year

Fourth Extension Term, if exercised, $36.00 per square foot of Floor Area within the Premises per Lease Year

Percentage Rent:

 

As more particularly set forth in Section 4.2 below, Tenant shall pay Percentage Rent during both the Initial Term and any Extension Term in an amount equal to eight percent (8%) of the amount, if any, by which Tenant’s Gross Sales for the Percentage Rent Year exceeds the Percentage Rent Breakpoint for such Percentage Rent Year.

Percentage Rent Breakpoint:

 

Percentage Rent Years 1-5, $13,000,000.00

Percentage Rent Years 6-10, $13,722,221.00

Percentage Rent Years 11-15, $14,444,443.00

Percentage Rent  Years during First Extension Term, if exercised, $15,166,665.00

Percentage Rent  Years during Second Extension Term, if exercised, $15,888,886.00

Percentage Rent Years during Third Extension Term, if exercised, $16,611,107.00

Percentage Rent  Years during Fourth Extension Term, if exercised, $17,333,328.00

Real Estate Taxes:

 

As defined in Section 1.2.

Common Area Expenses:

 

As defined in Section 1.2.

Common Area Expenses Cap:

 

Until the end of the CAM Base Year, Tenant’s liability for Tenant’s Pro Rata Share of Common Area Expenses shall not exceed $2.50 per square foot of Floor Area and every calendar year thereafter shall not exceed one hundred and three percent (103%) of the Common Area Expenses for the prior calendar year on an annualized basis.  Notwithstanding the immediately preceding sentence, to the extent Common Area utility and insurance cost increases cause the Common Area Expenses to exceed the Common Area Expenses Cap, Tenant shall pay its Pro Rata Share of those excess charges.  

Building Allowance:

 

Building Allowance shall have the meaning given such term in the Work Letter.  Landlord shall pay the Building Allowance to Tenant in accordance with Section 5 of the Work Letter.