Farebox Receipts Sample Clauses

The 'Farebox Receipts' clause defines how revenue collected from passenger fares is handled and accounted for within a transportation agreement. Typically, this clause specifies which party is responsible for collecting, managing, and reporting fare revenues, and may outline procedures for remitting funds, auditing receipts, or addressing fare evasion. Its core practical function is to ensure transparency and accountability in the management of fare-generated income, thereby reducing disputes and clarifying financial responsibilities between the parties involved.