Gross Operating Revenues Sample Clauses
The Gross Operating Revenues clause defines the total income generated by a business or property before any deductions for expenses, taxes, or allowances. This typically includes all revenue streams such as sales, service fees, rental income, and other operating receipts, but excludes items like capital gains or non-operating income. By clearly specifying what constitutes gross operating revenues, the clause ensures transparency in financial reporting and provides a consistent basis for calculations related to profit sharing, rent, or performance metrics.
POPULAR SAMPLE Copied 20 times
Gross Operating Revenues. The term "Gross Operating Revenues" means ------------------------ all revenues arising out of or in connection with the operation of the Business, but exclusive of all proceeds from the sale of assets or from other extraordinary or non-recurring items and exclusive of all interest, dividends, royalties, and other similar types of investment income that do not arise from the operation of the Business in the ordinary course.
Gross Operating Revenues. The term Gross Operating Revenues as used in this Agreement shall mean Total Revenues as defined in the Uniform System.
Gross Operating Revenues. The term "Gross Operating Revenues" as applied to any period shall mean gross receipts of the Company from its business as an electric public utility company for such period and shall not include income derived from stocks, Bonds or other securities or gains arising from appreciation in value or from the sale or other disposition of fixed capital assets of the Company or of stocks, Bonds or other securities.
Gross Operating Revenues. The term Gross Operating Revenues as used in this Agreement shall mean all receipts, revenues, income and proceeds of sales of every kind received by Manager directly or indirectly from the operation of the Hotel including without limitation, amounts collected that had previously been written off as uncollectible accounts all determined in accordance with GAAP. Gross Operating Revenues shall exclude all sales and excise taxes and any similar taxes collected as direct taxes payable to taxing authorities; gratuities or service charges collected for payment to and paid to employees; credit or refunds to guests; proceeds of insurance, save and except for proceeds of insurance with respect to use and occupancy or business interruption insurance; proceeds of sales of real estate and/or FF&E; proceeds of refinancings; proceeds of condemnation; and any amounts written off as uncollectible accounts.
Gross Operating Revenues. 5.1 In support of Owner's provision of Columbus Commercial Suite Services to End Users, Manager shall provide the Management Services with the objective, and using all reasonable efforts, to maximise Gross Operating Revenues, in order that the Annual Gross Operating Revenues equal or exceed the corresponding Annual Minimum in each calendar year, and the Cumulative Incremental Revenues during the Term exceed the Term Minimum. All Gross Operating Revenues shall be collected by and shall accrue to the account of Owner. Owner represents and warrants that it will use its reasonable best efforts to exploit the Columbus Commercial Suite and provide Columbus Commercial Suite Services to maximise Gross Operating Revenues in order that the Annual Gross Operating Revenues equal or exceed the corresponding Annual Minimum in each calendar year, and the Cumulative Incremental Revenues during the Term exceed the Term Minimum Owner shall during the Term offer the Columbus Commercial Suite Services to End Users only as a separate product with its own pricing, even when it is provided through the Production Network, provided that Owner shall have the right to offer the Columbus Commercial Suite Services as part of a group product offering with one price if Owner can give assurances to Manager that the portion of the group price which Owner allocates to the Columbus Commercial Suite Services is reasonable.
Gross Operating Revenues. The term Gross Operating Revenues as used in this Agreement shall mean all receipts, revenues, income and proceeds of sales of every kind received by Manager directly or indirectly from the operation of the Hotels. Gross Operating Revenues shall exclude all sales and excise taxes and any similar taxes collected as direct taxes payable to taxing authorities; gratuities or service charges collected for payment to and paid to employees; credit or refunds to guests; proceeds of insurance, save and except for proceeds of insurance with respect to use and occupancy or business interruption insurance; proceeds of sales of real estate and/or FF&E; proceeds of refinancings; and proceeds of condemnation.
Gross Operating Revenues. The term Gross Operating Revenues as u▇▇▇ ▇▇ ▇his Agreement shall mean all receipts, revenues, income and proceeds of sales of every kind received by Manager directly or indirectly from the operation of the Hotel. Gross Operating Revenues shall exclude all sales and excise taxes and any similar taxes collected as direct taxes payable to taxing authorities; gratuities or service charges collected for payment to and paid to employees; credit or refunds to guests; proceeds of insurance, save and except for proceeds of insurance with respect to use and occupancy or business interruption insurance; proceeds of sales of real estate and/or furniture, fixtures and equipment; proceeds of refinancings; and proceeds of condemnation.
Gross Operating Revenues. 5.1 Manager shall provide the facilities of the Casting Network to Owner, and on behalf of Owner, using the data provided from the Casting Workbook, provide the Casting Workbook Services to End Users, using all reasonable efforts to maximize Gross Operating Revenues in order that the Annual Gross Operating Revenues exceed the Annual Minimum in each calendar year, and the Cumulative Excess Gross Operating Revenues exceed the Term Minimum during the Term.
5.2 All Gross Operating Revenues collected by Manager shall be received and held in trust on behalf of and shall accrue to the account of Owner, except as otherwise provided in this Agreement.