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:- i. Authority and its authorized representatives shall be permitted to inspect at any reasonable time the books, records and other material kept by or on behalf of the Concessionaire in order to check or audit any information related to the calculation of Gross Revenue Share as paid/reported to Authority. Concessionaire shall make available to the Authority and its authorized representatives such information and grant such access as they shall reasonably require in connection therewith. ii. Without prejudice to the quarterly reconciliation based inter alia on the statutory auditor’s certificate, the applicable Gross Revenue used for final annual verification/reconciliation shall be the revenue as certified by independent auditor, to be appointed in following manner:- a. Authority shall nominate a panel of six reputed chartered accountancy firms, out of which concessionaire shall have the right to object to maximum 03 2To be determined Based on the Bidder’s quote under RFP nominees, and Authority shall appoint any one nominee to whom concessionaire has not objected. The cost of such independent auditor shall be shared by Parties to this Agreement. b. Pursuant to such certification, if it is established that previous reporting of Gross Revenue is inaccurate, then Concessionaire shall, notwithstanding anything to the contrary contained in this Agreement pay the differential amount with interest at the rate of SBI MCLR plus 3 percent and also fully bear the cost of engaging independent auditor

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. b) Percentage share in Gross Revenue for each Month shall be paid on or before the seventh Day of the immediately succeeding Month. c) Percentage share in gross revenue amounts remaining unpaid on respective due dates would carry the rate of annual interest specified by the Reserve Bank of India from time to time in pursuance of section 49 of the Reserve Bank of India Act, 1934 per annum from the due date till the date of payment or realization thereof.

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. 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.

Gross Revenue Share. The Concessionaire shall, subject to terms hereof, pay to the Authority revenue share in its Gross Revenue, which shall be equivalent to [●] %1 (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 hereto agree as follows:- i. Authority and its representatives shall be permitted to inspect at any reasonable time the books, records and other material kept by or on behalf of the Concessionaire in order to check or audit any information related to the calculation of Gross Revenue Share as paid/reported to Authority. Concessionaire shall make available to the Authority and its representatives such information and grant such access as they shall reasonably require in connection therewith. ii. The applicable Gross Revenue used for final verification/reconciliation shall be the revenue as certified by independent auditor, to be appointed in following manner:-

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. 17.20.2 The Gross Revenue Share for a particular month shall be payable by the Concessionaire to the Authority 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 hereto agree as follows:- i. Authority and its representatives shall be permitted to inspect at any reasonable time the books, records and other material kept by or on behalf of the Concessionaire to check or audit any information related to the calculation of Gross Revenue Share as paid/reported to Authority. Concessionaire shall make available to the Authority and its representatives such information and grant such access as they shall reasonably require in connection therewith. ii. The applicable Gross Revenue used for final verification/reconciliation shall be the revenue as certified by Statutory Auditor in accordance with Clause 27.3. Pursuant to such certification, if it is established that previous reporting of Gross Revenue is inaccurate then Concessionaire shall, notwithstanding anything to the contrary contained in this Agreement pay the differential amount with interest at the rate of SBI MCLR plus 5 (five) percent and also fully bear the cost of the completed audit.

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Revenue Share In consideration for the duties performed hereunder, the Travel Agency shall be entitled to [[Percent: Share of the Agency in Total Turnover]] of the Net Turnover generated during the agreement period that is a direct result of the Travel Agency’s efforts. To be considered a “direct result” of the Travel Agency’s efforts, substantially all of the contact with a customer that leads to a sale must have been made by the Travel Agency. Although initial contact and contact at the sale point shall be factors to consider, they are not determinative of such sale being a “direct result” of the Travel Agency’s efforts. LIMITATION OF LIABILITY In no event and under no circumstances shall either Party be liable for any indirect, incidental, consequential or special damages, including, without limitation, loss of revenue or loss of profits, for any reason whatsoever arising under this Agreement, whether arising out of breach of warranty, breach of condition, breach of contract, tort, civil liability or otherwise. In all events, Company’s absolute liability under, or in any way related to this Agreement, whether arising out of breach of warranty, breach of condition, breach of contract, tort or otherwise, shall be limited to the rupee value of the fees earned by the Company under this Agreement. Company’s liability for negligence, breach of this Agreement or any other claim in damages and losses shall not exceed the total amount owed to the Travel Agency by the Company under this Agreement at the time of the breach. REPRESENTATIONS AND WARRANTIES Each party hereby represents and warrants to that: Each party has all required capacity and corporate authorization to enter into this Agreement and be bound by the obligations provided hereunder; the execution of this Agreement by the Company and the performance of its obligations hereunder will not constitute a violation or breach of any obligation of any agreement between the Company and any third party or a violation of the Company’s legal obligations; and Travel Agency holds sufficient rights to use all materials, supplies or resources used in the performance of the Services under this Agreement, free and clear of any encumbrances. INSURANCE AND INDEMNIFICATION During the term of this Agreement, the Company shall procure and maintain comprehensive general liability insurance, which shall include blanket broad form contractual liability coverage, with limits of not less than [[Amount of contractual liability: Number]] in words Rupees [[Amount of contractual liability: Words]] per occurrence for bodily injury and property damage, combined single limit. or umbrella insurance with a limit of not less than [[Amount of Insurance: Number]] in words Rupees [[Amount of Insurance: Words]]annual aggregate. The Travel Agency will indemnify, defend and hold harmless the Company and its affiliates, and their employees, directors, officers, agents and contractors, against and from any losses, claims, proceedings or investigations arising out of or in connection with a breach of this Agreement by Travel Agency, including, without limitation, attorney fees, amounts paid in settlement of claims, proceedings or investigations, except to the extent that such claim is due to the negligence or willful misconduct of Travel Agency. The Travel Agency agrees to defend, indemnify, and hold harmless the Company from and against any all third party claims (or other actions that could lead to losses by the Company) that are based upon the Travel Agencys (a) violation of the law, (b) violation of this Agreement, or (c) violation of any third party’s rights. The Travel Agency shall be solely responsible for any personal injury or property damage or loss suffered by it or its employees or agents in the course of carrying out any duties under this Agreement.
Gross Revenue The Gross Revenue shall be inclusive of installation charges, late fees, sale proceeds of handsets (or any other terminal equipment etc.), revenue on account of interest, dividend, value added services, supplementary services, access or interconnection charges, roaming charges, revenue from permissible sharing of infrastructure and any other miscellaneous revenue, without any set-off for related item of expense, etc.
Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.
Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.
Gross Sales Notwithstanding anything in the Lease to the contrary the definition of Gross Sales shall be as follows:
Gross Receipts The entire amount of all receipts, determined on a cash basis, from (a) tenant rentals collected pursuant to tenant leases of apartment units, for each month during the term hereof; provided that there shall be excluded from tenant rentals any tenant security deposits (except as provided below); (b) cleaning, tenant security and damage deposits forfeited by tenants in such period; (c) laundry and vending machines income; (d) any and all other receipts from the operation of the Project received and relating to the period in question; (e) proceeds from rental interruption insurance, but not any other insurance proceeds or proceeds from third-party damage claims, and (f) any other sums and charges collected in connection with termination of the tenant leases. Gross Receipts also does 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 expenditures or funds deposited to cover costs of operations made by Owner, and (iv) any insurance policy (other than rental interruption insurance or proceeds from third-party damage claims).
Cost Share Federal and provincial governments support AgriInsurance programs by paying all administration expenses and sharing premium costs with the Insured.
Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.
Quarterly Payments The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.
Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

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