Gross Revenue Share. The Concessionaire shall, subject to terms hereof, pay to the Authority revenue share of its Gross Revenue, which shall be equivalent to [●]%2 (per cent) of the Gross Revenue (“Gross Revenue Share”) payable on a monthly basis, beginning from the COD of Phase 0. The Gross Revenue Share for a particular month shall be payable by the Concessionaire by the seventh day of the next month and shall be subject to verification and reconciliation on a quarterly, semi -annual or annual basis, as required by the Authority in its discretion. For this purpose, the Parties hereby agree as follows:-
Gross Revenue Share. The Concessionaire shall, subject to terms hereof and basis the quote of the Selected Bidder in its financial bid, pay to the Authority, share in its Gross Revenue (“Gross Revenue Share”), which shall be equivalent to [*]% of the Gross Revenue and shall be payable on a monthly basis commencing from the Appointed Date: The Gross Revenue Share for each relevant month from the Appointed Date, shall be payable by the Concessionaire latest by the 7th (seventh) day of the immediately subsequent month and shall be subject to verification and reconciliation on a quarterly, semi-annual or annual basis, as the case may be, and as required by the Authority in its discretion. For this purpose, the Parties hereto agree as follows:
Gross Revenue Share a) Along with Annual Concession Fee, the Concessionaire shall pay the % ( percent) share in the Gross Revenue (“Revenue Share”) (exclusive of applicable taxes), to the Authority every year from the 1st anniversary of the Commercial Operation Date.
Gross Revenue Share. 17.20.1 The Concessionaire shall, subject to terms hereof, pay to the Authority, revenue share of its Gross Revenue, which shall be equivalent to 10% (ten percent) of the Gross Revenue (“Gross Revenue Share”) payable on a monthly basis commencing from the Appointed Date.
Gross Revenue Share. The Lessee shall pay, as additional rent, an amount equal to 2.5% of its gross revenue for each three (3) full calendar month period during the Term. The term “Gross Revenue” as used herein shall be construed to include the entire amount of revenue, whether for cash or otherwise, of all services and other receipts whatsoever from all business conducted in or from the Premises by Xxxxxx. The Gross Revenue Share shall be due and payable to Landlord ninety (90) days after the end of any such three (3) full calendar month period.
