Facility Revenues Sample Clauses

The Facility Revenues clause defines what constitutes income generated by a specific facility, typically within the context of a project or service agreement. It outlines the types of revenue streams included, such as payments from customers, ancillary service fees, or other related income directly attributable to the facility’s operations. By clearly specifying which revenues are covered, this clause ensures transparency in financial reporting and helps allocate income appropriately among stakeholders, thereby reducing disputes and clarifying financial expectations.
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Facility Revenues. Facility Revenues shall be defined as defined gross revenue from all sources, including but not limited to lease, rental, event fees, cafeteria rentals, grant funding specifically allocated for facility use, fundraising campaigns, and sponsorships.
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Facility Revenues. (a) For so long as any Bonds remain Outstanding under the Indenture or any Reimbursement Obligations remain unpaid under the Indenture or the Insurance Agreement, any and all Facility Revenues derived by the Operator from the operation and management of the Complex, including, without limitation, (1) any and all amounts due or to become due to the Operator from ICE as a result of performance of the ICE Contract and any and all amounts now or hereafter due pursuant to any extensions, modifications, renewals or substitutions for that contract, and (2) any and all amounts due or to become due to the Operator under any contract or agreement hereafter entered into by Operator for the housing of prisoners or detainees at the Complex and any extensions, modifications, renewals or substitutions of such contracts or agreements, shall be paid to and deposited with the Trustee to be deposited in the “Revenue Fund” established under the Indenture, as and when received, including those covered by the Assignment of Claims by and between Operator and Trustee, and shall be administered and disbursed by the Trustee as provided in the Indenture. (b) In light of the foregoing, the Operator hereby acknowledges that, so long as the any of the Bonds remain Outstanding under the Indenture or any Reimbursement Obligations remain unpaid under the Indenture or the Insurance Contract, it shall be entitled to reimbursement for Operating Costs incurred by the Operator and otherwise to receive distributions and disbursements from Facility Revenues only in accordance with the terms of the Indenture, and that disbursements to the Operator may by suspended in accordance with the Indenture upon the occurrence of the Trapping Events. Furthermore, for so long as the any of the Bonds remain Outstanding under the Indenture or any Reimbursement Obligations remain unpaid under the Indenture or the Insurance Contract, if the Rate Covenant shall not be satisfied, the Operator shall provide the Trustee and the Bond Insurer, within 30 days after the end of any Facility Revenue Collection Period in which the Rate Covenant has not been met, a written review of Facility Revenues and Operating Costs and a written plan to meet the Rate Covenant. (c) Notwithstanding the foregoing or any other provision of this Operating Agreement, in the event the amount of Facility Revenues is reduced because of any offset or reduction by ICE, and the amount of such offset or reduction causes the amount of Facility Reven...
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Facility Revenues. 573 A. Jurisdictional Rate Stabilization Fund 574 Annually, after satisfying the requirements of the Bond Documents, County will deposit into the 575 Jurisdictional Rate Stabilization Fund any TRRP Revenues which County receives from Service Contractor, 576 net of all System Costs and all other payment obligations required under the Bond Documents as well as 577 any reasonable amount that it deposits in its Bond Holders Rate Stabilization Fund, and Operating Reserve. 578 County shall continue to contribute to the Jurisdictional Rate Stabilization Fund with the goal of reaching 579 a total fund balance of five million dollars ($5,000,000) (Target Value). If the fund exceeds the five million 580 five hundred thousand dollars ($5,500,000) (Cap Value), the Public Participants will receive a dividend to 581 return the fund to five million dollars ($5,000,000) based upon the actual amount and type of Tons 582 delivered to the Facilities in the given year as identified in the Service Agreement. The County shall 583 separately account for expenses made from and contributions to the Jurisdictional Rate Stabilization Fund 584 and shall present these to the City during the Annual Settlement Process (as described in Section 4.3.B). 585 Any funds remaining in the Jurisdictional Rate Stabilization Fund at the end of the Agreement Term shall 586 be accounted for during the final Annual Settlement Process.
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Facility Revenues. 3.1 The Council shall be entitled to collect and retain all and any revenues generated from its operation and maintenance of the Facility.
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Facility Revenues. Subject to the terms and provisions of Addendum III, in exchange for the License Fee, Licensee shall be entitled to all revenues generated from the operation of the theater, including ticket sales, ticket fees, advertising revenues, facility rentals, food and beverage revenues, merchandise revenues, site fees, and any other revenues generated from the operation of the theater. The Licensee, however, shall not be permitted to change the name of the theater or provide for advertising on the outside of the theater (other than in existing marquee and storefront locations) and shall not enter into any “naming rights” transactions.
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Related to Facility Revenues

  • Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts receipts and not including rentals or other payments under Space Leases) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.

  • Gross Revenue The Gross Revenue shall include all revenues accruing to the Licensee on account of goods supplied, services provided, leasing of infrastructure, use of its resources by others, application Fee, installation charges, call charges, late Fees, sale proceeds of instruments (or any terminal equipment including accessories), handsets, bandwidth, income from Value Added Services, supplementary services, access or interconnection charges, any lease or rent charges for hiring of infrastructure etc. and any other miscellaneous items including interest, dividend etc. without any set off of related items of expense, etc.