Common use of DEFINITION OF "GROSS REVENUE Clause in Contracts

DEFINITION OF "GROSS REVENUE. As used in this Agreement, the term "Gross Revenue" means all revenue you derive from operating the BUSINESS, and whether from cash, check, credit, barter, or other transactions, but excluding all federal, state or municipal sales, use or service taxes collected from customers and paid to the appropriate taxing authority and excluding customer refunds, adjustments, credits and allowances actually made by the BUSINESS in compliance with "The Methods of Operation" (defined in Article 4.5).

Appears in 5 contracts

Samples: Franchise Agreement (Netfran Development Corp), Franchise Agreement (Netfran Development Corp), Franchise Agreement (Netfran Development Corp)

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