Allocation of Metered Parking Revenue for Parking Lots Sample Clauses

Allocation of Metered Parking Revenue for Parking Lots. As of the Effective Date of Second Amendment, each Metered Parking Space in a Parking Lot has been assigned to the Metering Device servicing that Parking Lot, and for any Parking Lot serviced by more than one Metering Device, each Metered Parking Space in such Parking Lot has been assigned to the Metering Device as identified on the map for such Parking Lot on Revised Schedule 10A. Such assignments of existing Metered Parking Spaces in the Parking Lots shall not be changed without the agreement of the Parties. As of the last Day of each month, the Actual Operating Revenue collected by the Metering Device for each Concession Metered Parking Space in a Parking Lot during such month shall be allocated to each Metered Parking Space (whether subject to a Required Closure or not during such month) which is serviced by such Metering Device by multiplying such Actual Operating Revenue by such space’s Revenue Distribution Percentage as of the first Day of such month. As of the last Day of each month, Metered Parking Revenue from monthly parking permits issued pursuant to Section 9-64-208 of the Municipal Code and sold during such month shall be allocated to each Metered Parking Space (whether subject to a Required Closure or not during such month) in the Parking Lot identified on such monthly parking permit (regardless of whether such permit is eligible for use in more than one Parking Lot) by (i) for a Parking Lot with one Metering Device, such space’s Revenue Distribution Percentage as of the first Day of such month and (ii) for a Parking Lot with more than one Metering Device, the percentage, with respect to each Metered Parking Space as of the first day of such month, of the Monthly Full Utilization Amount for such Metered Parking Space divided by the sum of the Monthly Full Utilization Amounts for all Concession Metered Parking Spaces in such Parking Lot. For purposes of this Section 7.5(e), the Revenue Distribution Percentage and Monthly Full Utilization Amount for any Metered Parking Space in a Parking Lot shall be determined by using only the applicable hourly Metered Parking Fee(s) for such space and not the monthly rate authorized under Section 9-64- 208 of the Municipal Code.
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Related to Allocation of Metered Parking Revenue for Parking Lots

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  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

  • Multiple Bedroom Spaces If this Housing Agreement expressly identifies more than one bedroom space in a multi-bedroom apartment as assigned to Resident on page 1, then: (a) references to a “space” or “spaces” will be deemed to refer to all of the spaces assigned to Resident, or to the entire apartment if all of the bedrooms in an apartment are assigned to Resident; and (b) if Resident is assigned fewer than all of the bedroom spaces in an apartment, use of common areas will continue to be shared with other residents of the apartment and any calculation of Resident’s share of any charges assessed pro rata to all residents of an apartment will be made by dividing the number of bedroom spaces assigned to Resident by the total number of occupied bedroom spaces within the apartment.

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