Gross Operating Profit. Gross Operating Profit with respect to the Leased Property shall mean, for any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year. Gross Revenues - As set forth in the Management Agreement.
Appears in 4 contracts
Samples: Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.)
Gross Operating Profit. Gross Operating Profit with respect to the Leased Property shall mean, for any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year. Gross Revenues - As set forth in the Management Agreement.
Appears in 2 contracts
Samples: Lease Agreement (Eagle Hospitality Properties Trust, Inc.), Lease Agreement (Highland Hospitality Corp)
