26 unchanged sentences
Includes approximately 17 acres of water in Mission Bay Park, California.
−Removed: To be converted to Sesame Place in spring of 2021.
+Added: Expected to be converted to Sesame Place in 2022.
We believe that our properties are in good operating condition and adequately serve our current business operations.
4 unchanged sentences
In addition, we may not operate another marine park facility within a radius of 560 miles from the City of San Diego.
−Removed: The annual rent under the lease is calculated on the basis of a specified percentage of Sea World LLC’s gross income from the Premises, or the minimum yearly rent, whichever is greater.
+Added: The annual rent under the lease is calculated on the basis of a specified percentage of Sea World LLC’s gross income from the Premises (the “Percentage Rent”), or the minimum yearly rent (the “Minimum Rent”), whichever is greater.
The minimum yearly rent is adjusted every three years to an amount equal to 80% of the average accounting year rent actually paid for the three previous years.
The current minimum yearly rent is approximately $10.4 million, which is subject to adjustment on January 1, 2023.
+Added: The Company’s gross income from the Premises was significantly impacted during the year ended December 31, 2020 due to the temporary park closures, limited reopenings, modified operations and capacity restrictions resulting from the impact of the COVID-19 pandemic and related government restrictions in San Diego.
+Added: As a result, the Company deferred approximately $1.6 million of the Percentage Rent related to the year ended December 31, 2020, which was subsequently paid during the first quarter of 2021.
+Added: The Company continues to defer an additional $8.3 million related to the Minimum Rent for the year ended December 31, 2020.
+Added: See further discussion in Note 14–Leases to our consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
+Added: Legal Proceedings
+Added: This information is set forth under Note 15– Commitments and Contingencies to the consolidated financial statements included in Part IV, Item 15, which is incorporated herein by reference.
+Added: Mine Safety Disclosures
+Added: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.