Insurance Payment. Each Restaurant shall pay to the General Partner a designated amount for general and comprehensive liability insurance for the Restaurant and the Partnership, and health and workers’ compensation insurance for employees working at the Partnership’s Restaurants (the “Insurance Payment”). The amount to be paid by a Restaurant as its Insurance Payment shall be established by the General Partner and shall be equal to a specified percentage of each Restaurant’s gross sales; and shall be reviewed on an annual basis by the General Partner and may be increased or decreased from time to time in accordance with the General Partner’s costs for providing such insurance generally.
Appears in 122 contracts
Samples: Agreement (Carrabba's/Colorado-I, Limited Partnership), Agreement of Limited Partnership (Carrabba's/Colorado-I, Limited Partnership), Agreement (Carrabba's/Colorado-I, Limited Partnership)
