Common use of Licensee Expenses Clause in Contracts

Licensee Expenses. During the Term, Licensee shall not be responsible for any expenses incurred in connection with Beverage Operations including, but not limited to, all expenses incurred by Licensee to maintain designated personnel at the Hotel pursuant to Section 3.1 hereof.. Licensee shall use the revenues and receipts it collects from Beverage Operations to pay the expenses of Beverage Operations during the Term (including any extension thereof). In the event that the revenues and receipts from Beverage Operations are less than the expenses of Beverage Operations, Lessee shall reimburse Licensee promptly upon demand, for any shortfall. In the event that the revenues and receipts from Beverage Operations exceed the expenses of Beverage Operations, Licensee shall turn over to Lessee the excess promptly at the end of the Term.