Common use of Percentage Fees Clause in Contracts

Percentage Fees. Within twenty (20) days after the beginning of each and every month throughout the Term of this Agreement, Operator shall deliver a report of Gross Revenues for the preceding month on a form supplied by Authority and signed by an officer, a partner, or other person authorized to sign on behalf of Operator, and shall be submitted to Authority accompanied by any payment due thereon. In the event that for any month, the Percentage Fees applied to the Monthly Gross Revenues of Operator is greater than (1/12) of the Minimum Annual Guarantee for the applicable Contract Year, Operator shall pay the difference to Authority with the report of Gross Revenues.

Percentage Fees. Within twenty (20) days after the beginning of each and every month throughout the Term of this Agreement, Operator shall deliver a report of Gross Revenues for the preceding month on a form supplied by Authority and signed by an officer, a partner, or other person authorized to sign on behalf of Operator, and shall be submitted to Authority accompanied by any payment due thereonAuthority. In the event that for any month, the Percentage Fees applied to the Monthly Gross Revenues of Operator is greater than (1/12) of the Minimum Annual Guarantee for the applicable Contract Year, Operator shall pay the difference to Authority with the report of Gross Revenues.

Percentage Fees. Within twenty (20) days after the beginning of each and every month throughout the Term of this Agreement, Operator Concessionaire shall deliver a report of Gross Revenues for the preceding month on a form supplied by Authority and signed by an officer, a partner, or other person authorized to sign on behalf of OperatorConcessionaire, and shall be submitted to Authority accompanied by any payment due thereonAuthority. In the event that for any month, the Percentage Fees applied to the Monthly Gross Revenues of Operator Concessionaire is greater than (1/12) of the Minimum Annual Guarantee for the applicable Contract Year, Operator Concessionaire shall pay the difference to Authority with the report of Gross Revenues.