Gross Collections Sample Clauses
POPULAR SAMPLE Copied 1 times
Gross Collections. As used in this Agreement, the term "gross collections" shall mean all amounts actually collected with respect to the Property as rents or other charges for use and occupancy of the Property including, without limitation lease termination fees, building services, electric charges, Porters wage or other formula escalations, operating expense escalations, percentage rents, forfeited security deposits (which are applied to rent), income from or on account of vending machines and other concessions, and any net proceeds (after deduction of the expenses of adjustment and collection) from business interruption or other loss of income _________________________ 1 Amount is to be 3% for office properties and 1% for industrial properties Property Management Agreement insurance to the extent actually received, but shall exclude interest income earned on any and all funds, any sales or other excise tax required by law to be collected from tenants of the Property and remitted to the taxing authorities, any condemnation or casualty loss proceeds and the proceeds of any sale or other disposition of the Property or any other capital asset, and income derived from proceeds of claims on account, if any taking by eminent domain.
Gross Collections. Gross Collections" means the total amounts of: (a) Tenant rent payments, (b) Tenant contributions toward Operating Expenses (except contributions for the Property Management Fee), (c) interest earned on amounts of advanced rents and security deposits paid by Tenants and held by PREA (except amounts of such interest that are payable to Tenants pursuant to their lease agreements), (d) parking fees, and (e) telecommunications commissions from Tenant use of telecommunications facilities in the Building, all of which shall be exclusive of value added or other taxes that are due with respect to the Gross [Stamp] 2 Collections, that are collected with respect to the Building, during the quarter in which such Gross Collections were collected, or prior quarters, and attributable to that or prior quarters as PREA may reasonably determine.
Gross Collections. Gross Collections" means the total amounts of: (a) Tenant rent payments, (b) Tenant contributions toward Operating Expenses (except contributions for the Property Management Fee), (c) interest earned on amounts of advanced rents and security deposits paid by Tenants and held by PREA (except amounts of such interest that are payable to Tenants pursuant to their lease agreements), (d) parking fees, and (e) telecommunications commissions from Tenant use of telecommunications facilities in the Building, all of which shall be exclusive of value added or other taxes that are due with respect to the Gross [Stamp] <PAGE> 2 Collections, that are collected with respect to the Building, during the quarter in which such Gross Collections were collected, or prior quarters, and attributable to that or prior quarters as PREA may reasonably determine. 1.3 Land. The "Land" means the 13,035 square meters of land located at ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇/▇ that was leased to the Fund by the Moscow Government according to a 49 year lease agreement No. M-09-000979, dated 6 September 1994.
Gross Collections. The entire amount of all Project receipts, determined on a cash basis, from (a) tenant rentals and other sums collected pursuant to tenant leases (excluding security deposits relating to the Project, except as provided below) and other amounts collected for rental of the Project, including parking income, parking fees and similar amounts, but excluding all prepaid rents except for the portion applied to the then-current month, (b) income from concessions, including cable television, telephone, internet access, security monitoring, laundry and vending machines, (c) proceeds from rental loss or business interruption insurance, (d) and (d) application fees, cleaning fees, pet fees, redecorating fees and other similar miscellaneous income. Gross Collections do not include the proceeds of (i) any sale, exchange, refinancing, condemnation, or other disposition of all or any part of the Project, (ii) any loans to Owner, whether or not secured by all or any part of the Project, (iii) any capital contributions to Owner, (iv) any insurance (other than rental loss or business interruption insurance) maintained with regard to the Project, (v) tenant reimbursements for utility costs, (vi) security deposits (until applied to obligations that constitute Gross Collections), (vii) any sums and charges collected in connection with termination of the tenant leases or settlement of rent claims, and (viii) sums collected or paid for sales, excise or use taxes.