Monthly Payments of Operating Expenses. The City shall pay Operating Expenses to Hotel Developer on a monthly basis as provided in this Section 5.2. Such monthly payments shall, at the election of Hotel Developer, either be (a) based on monthly statements of Operating Expenses to be submitted by the Hotel Developer to the City after the end of each calendar month, setting forth in reasonable detail an accounting of the Operating Expenses for the month, in which case such statements shall be due 30 days after submission, or
Appears in 4 contracts
Samples: Owner Developer Agreement, Parking Operating Agreement, Joinder Agreement, Stadium License Agreement, Stadium License Agreement
