Percentage of Gross Receipts Sample Clauses

Percentage of Gross Receipts. In addition to the Minimum Annual Guaranty payable under Paragraph E.1 hereof, Permittee shall also pay to the Port for the Term hereof not later than thirty (30) days after the end of each calendar month during the Term of this Permit, commencing after the end of the calendar month that contained the Rent Commencement Date, a sum in the amount, if any, by which the Percentage Fees due through the end of the previous calendar month exceeds the installments of the Minimum Annual Guaranty payable to the Port through the end of such month. The percentage of Gross Receipts derived from Permittee’s business at the Airport (“Percentage Fees”) payable by Permittee is shown on said Exhibit “5”. Permittee shall subtract the amount of the monthly payment of the Minimum Annual Guaranty from the Percentage Fees payable to Port each month, and only the amount, if any, by which the Percentage Fees exceed the monthly payment of the Minimum Annual Guaranty shall be paid to Port as Percentage Fees.
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Percentage of Gross Receipts. Payment of a percentage of gross receipts (“Percentage Rent”) in excess of the MAG generated by each Concession Operator as established during negotiation of the lease. By no later than the fifteenth (15th) day after the end of each calendar month during the lease period, the Concession Operators shall pay to the Contractor without demand or invoice by the Contractor, a sum of money equal to the amount by which the Percentage Rent exceeds either: (i) the MAG paid for the previous month (if the rent under the lease is structured as the greater of the MAG or Percentage Rent); or (ii) the monthly breakpoint(s) negotiated in the lease. In the event the Percentage Rent for the month does not exceed either (i) the monthly installment of the MAG paid for that month; or (ii) the monthly breakpoint(s) for Percentage Rent, then no Percentage Rent shall be due for that month. Percentage Rent payments, if due, shall be deemed delinquent if not received by the Contractor by the fifteenth (15th) calendar day after the end of each calendar month.
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Percentage of Gross Receipts. Pursuant to Article 5.A. of the Concession Agreement, the successful Proposer shall pay to the Aviation Authority, for each Agreement Period of the Term of the Concession Agreement, a Concession Fee, in an amount equal to the greater of: (1) the Minimum Annual Concession Fee consisting of the sum of an Annual Rental Fee and a Minimum Annual Privilege Fee, or (2) the Percentage of Gross Receipts. See Article 5 of the Concession Agreement for additional details on the Concession Fees and how the Minimum Annual Concession Fee will be adjusted during the Term of the Concession. The Initial Minimum Annual Concession Fee is set by the Aviation Authority at One Hundred Sixty Five Thousand and No/100 Dollars ($165,000.00). For this Concession, there are 2 categories of Percentages of Gross receipts as follows: 1. food and non-alcoholic beverage sales; and 2. employee sales. Proposers will submit their proposal on only the Percentage of Gross Receipts for food and non-alcoholic beverage sales. The Percentage of Gross Receipts for employee sales will be fixed at 5%. Each Proposer is required to submit a proposed Percentage of Gross Receipts for food and non-alcoholic beverage sales, DO NOT propose on the fixed Minimum Annual Concession Fee or employee sales. A percentage fee of less than ten percent (10%) will NOT be considered. Proposed Percentage of Gross Receipts Food and Non-Alcoholic Beverages  %
Sample 1
Percentage of Gross Receipts. Marketing Fund; Refurbishment Fund.The percentage of Gross Receipts derived from Permittee’s business at the Airport (“Percentage Fees”) payable by Permittee for each Concession Unit is shown opposite that Concession Unit on said Exhibit “5”, including during that portion of the Interim or Primary Term that Permittee is authorized pursuant to Paragraph B.1 above to operate food or beverage carts outside a Concession Unit. Permittee shall subtract the amount of the monthly payment of the applicable Minimum Annual Guaranty from the applicable Percentage Fees payable to Port each month for each Concession Unit, and only the amount, if any, by which the applicable Percentage Fees for such Concession Unit exceeds the monthly payment of the applicable Minimum Annual Guaranty for such Concession Unit shall be paid to Port as Percentage Fees.
Sample 1
Percentage of Gross Receipts. During the term of the Agreement, Concessionaire agrees to pay to Lessor an amount equal to sixty percent (60%) of Concessionaire’s gross receipts each month. Gross receipts are defined as the aggregate amount of all vending machine sales made, and shall not include any federal, state, or municipal taxes, or other similar taxes separately stated or imposed.
Sample 1
Percentage of Gross Receipts. The undersigned bids the following percentage of Gross Receipts (“Concession Fee”) which would be paid by the Bidder to the Aviation Authority during the Term of the Agreement of the Concession if this Bid is accepted. A Bid of percentages for Gross Receipts of less than ten percent (10%) will NOT be considered. Bid for Gross Receipt Percentages: Bid for ( %) of Gross Receipts Additional Information. You may submit, along with this Eligibility and Bid Form, any additional information which the Bidder believes would support the acceptance of its Bid. Such material should be presented in such a way as to not obscure the orderly submittal of the required Bid elements, and be indexed to be consistent with this Eligibility and Bid Form. The number of additional pages is limited to twenty-five (25) pages. No additional submittal or information will be accepted after the due date of the Bid, except that the Aviation Authority reserves the right to request additional information from the Bidder in writing. The undersigned hereby certifies that all of the information contained herein, and in any attachments hereto, is true and accurate. [SIGNATURE PAGE TO FOLLOW] NAME OF BIDDER ATTEST: _______________________________ By: ___________________________________ Printed Name: ___________________________ Printed Name: __________________________ Title: ___________________________________ Title: __________________________________ [Corporate Seal] Date: __________________________________ OR TWO WITNESSES:
Sample 1
Percentage of Gross Receipts. Pursuant to Article 5.A. of the Concession Agreement, the successful Proposer shall pay to the Aviation Authority, for each Agreement Period of the Term of the Concession Agreement, a Concession Fee, in an amount equal to the greater of: (1) the Minimum Annual Concession Fee consisting of the sum of an Annual Rental Fee and a Minimum Annual Privilege Fee, or (2) the Percentage of Gross Receipts. The Initial Minimum Annual Concession Fee is set by the Aviation Authority at Three Hundred Fifty Thousand and No/100 Dollars ($350,000.00). See Article 1 of the Concession Agreement for definitions of the above-described fees and Article 5 for additional details on the Concession Fees and how the Minimum Annual Concession Fee will be adjusted during the Term of the Concession. Proposers will submit their proposal on only the Percentage of Gross Receipts. DO NOT propose on the fixed Minimum Annual Concession Fee. A Percentage of Gross Receipts of less than 13% will NOT be considered. Proposed Percentage of Gross Receipts  %
Sample 1
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Percentage of Gross Receipts. For this Concession, Proposers will submit their proposal on only the Percentage of Gross Receipts, DO NOT propose on the fixed Minimum Annual Concession Fee. Proposers with a proposed Percentage of Gross Receipts of less than 17% will not be considered.
Sample 1
Percentage of Gross Receipts. Lessee shall pay LAWA a percentage of its Gross Receipts (“Percentage of Gross Receipts”! as follows, ifand only if such amount is greater than MAG for the applicable Lease Year as follows: From the Effective Date through February 28, 2019: Revenue Category Percentage Paid for Term Green Fees, Cart Rental Fees, and Driving Range 18% for combined revenue up to $1,000,000; 20% for combined revenue in excess of $1,000,000 Instruction Paid to Course 5% Merchandise 5% Food 5% Beverage 5% Other 5% Commencing March 1, 2019: Revenue Category Percentage Paid for Term Green Fees, Driving Range Fees, and Golf Cart Rentals Instruction Paid to Course 9% for combined revenue up to $1,000,000; 10% for combined revenue in excess of $1,000,000 2.5% Merchandise 2.5% Food Beverage 2.5% 2.5% 55
Sample 1

Related to Percentage of Gross Receipts

  • Gross Receipts The entire amount of all receipts, determined on a cash basis, from (a) tenant rentals collected pursuant to tenant leases of apartment units, for each month during the term hereof; provided that there shall be excluded from tenant rentals any tenant security deposits (except as provided below); (b) cleaning, tenant security and damage deposits forfeited by tenants in such period; (c) laundry and vending machines income; (d) any and all other receipts from the operation of the Project received and relating to the period in question; (e) proceeds from rental interruption insurance, but not any other insurance proceeds or proceeds from third-party damage claims, and (f) any other sums and charges collected in connection with termination of the tenant leases. Gross Receipts do not include the proceeds of (i) any sale, exchange, refinancing, condemnation, or other disposition of all or any part of the Project, (ii) any loans to Owner whether or not secured by all or any part of the Project, (iii) any capital expenditures or funds deposited to cover costs of operations made by Owner, and (iv) any insurance policy (other than rental interruption insurance or proceeds from third-party damage claims).

  • Gross Revenue 16.1.1 For the purposes of this PPP Agreement and its Schedules, Gross Revenue shall be defined as:

  • PERCENTAGE GOAL The goal for Historically Underutilized Business (HUB) participation in the work to be performed under this contract is 23.7 % of the contract amount.

  • Current Revenues Under Texas law, a contract with a governmental entity that contains a claim against future revenues is void; therefore, each party paying for the performance of governmental functions or services must make those payments from current revenues available to the paying party.

  • Current Revenue The funds distributed hereunder shall be paid solely from lawfully available funds of the SEDC. Under no circumstances shall the obligations hereunder be deemed to create any debt within the meaning of any constitutional or statutory provision. None of the obligations under this Agreement shall be pledged or otherwise encumbered in favor of any commercial lender and/or similar financial institution.

  • Pledge of Revenues This contract is entered into for the direct benefit of the holders and owners of all general obligation bonds issued under the Bond Act, and the income and revenues derived from this contract are pledged to the purposes and in the priority set forth in that act.

  • Non-allowable Grant Expenditures The Grantee agrees to expend all grant funds received under this agreement solely for the purposes for which they were authorized and appropriated. Expenditures shall be in compliance with the state guidelines for allowable project costs as outlined in the Department of Financial Services’ Reference Guide for State Expenditures, incorporated by reference (dated February 2011), which are available online at xxxxxxxxxxxx.xxx/xxxxx/xxxxxxxxx_xxxxx. In addition, the following are not allowed as grant or matching expenditures:

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • Reimbursable Expenses; Maximum Total Payment; Invoicing District will make no payment until this Contract is fully executed by the authorized representatives of both parties.

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