Operations and Operating Costs Sample Clauses

Operations and Operating Costs. (a) Operating Allowance. The first $30,000.00 of monthly Rental Revenue generated by the business shall be retained by STP and utilized for operations (the “Operating Allowance”), including general administrative and maintenance costs, compensation costs for certain identified sales and service personnel, and the cost associated with the storage yard (collectively, “Operating Costs”). No management fees to HII Technologies, Inc., or salaries for senior management shall be paid out of the Operating Allowance. If monthly Rental Revenue is less than $30,000.00 in any month, the shortfall shall accrue and be recovered by STP out of any excess Rental Revenue earned in future months; provided, however, that the amount of any recoupment in future months shall be limited to the amount necessary to pay any then-existing delinquent (i.e., over 30 days) Operating Costs that are owed by STP to a third-party.