Gross Revenue Sharing. Subject to Section 6.9 below, in addition to the Monthly Rent referenced in Section 6.1 above the Town shall receive 5% of the Theatre’s gross revenue annually. Gross revenue includes, but is not limited to, revenue from ticket sales, event rentals, concession sales of food and alcohol and other sources.
Gross Revenue Sharing. Cross revenue sharing shall be collected and sharing will be as follows: All collected royalty fees shall be deposited by the SECOND PARTY every 1st Monday of the Month or to be collected by the designated Franchise Officer of the FIRST PARTY upon the latter’s option: % shall be given to the FIRST PARTY but no less than One thousand Five Hundred Pesos (P 1,500.00) to serve as Royalty Fee whichever is higher.
