RECORDING REVENUE Sample Clauses

RECORDING REVENUE. During the Period, InterMune agrees that Connetics shall be entitled to book the Actimmune Net Sales until the total Actimmune Units sold reaches the Baseline applicable for each calendar year during the Period, all in accordance with generally accepted accounting principles, and InterMune will not book such Net Sales or otherwise record the revenue related to the Net Sales that Connetics is entitled to book pursuant to this Agreement. For clarification, the payment which Connetics receives from InterMune pursuant to subsection (c) below, and the sales of Actimmune Units represented thereby, shall accrue to the total Actimmune Net Sales booked by Connetics for 1999. InterMune shall be entitled to book the Actimmune Net Sales for sales of all Actimmune Units above the Baseline, after the Baseline is met in a given calendar year.
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RECORDING REVENUE. All income is verified by the Executive Director and entered into Quickbooks and deposited by the Operations Manager. All deposits are then reviewed and verified by the Executive Director and contract accountant Entrusted Accounting on a monthly basis. Individual, foundation, and business contributions are also tracked separately in Xxxxx Xxxx’s donor Client Relationship Management (CRM) software, FundHero, by the Development Manager. A number of grants are spent in advance based upon stipulations of grant agreement and Xxxxx Xxxx requests reimbursement. All grant reimbursements are tracked by location in Quickbooks Online and Xxxxx Xxxx’s Master Budget Sheet. Xxxxx reimbursements are sent to grant administrators by the Program Director, after the Executive Director’s review. Xxxxx reimbursements are then recorded as income in Quickbooks and reconciled by Entrusted Accounting, who compares Quickbooks Online, Xxxxx Xxxx’s bank account, and the grant reimbursement request to identify any inconsistencies and provide reconciliation. Individuals or businesses may stipulate donor restrictions, which are tracked in Quickbooks and Xxxxx Xxxx’s Master Budget Sheet. Upon receipt of contribution, support from the donor is recorded as a donor restriction or a contribution without a donor contribution. The Executive Director notifies Entrusted Accounting of the restriction, which is entered into Quickbooks. Contributions with a donor restriction which are satisfied in the same fiscal year are released from restriction in the same fiscal year and recorded as unrestricted. Restrictions are reviewed as of year-end upon financial statement review. A list of net assets with restrictions as of year- end and any net assets held in prior year of which restrictions have been released are tracked. Financial statements are reviewed via year-end close procedures. Xxxxxx CPAs also verifies all restrictions and xxxxx fulfillment during Xxxxx Xxxx’s annual financial audit. Use of the Debit Card The debit card is controlled and stored by the Operations Manager. If the debit card is used, receipts must be provided to the Operations Manager, for the Executive Director to review in Quickbooks. For expenses larger than $50, previous approval must have been garnered from the Executive Director. For expenses larger than $500, previous approval must have been garnered by the Board of Directors Finance Committee. Entrusted Accounting, the contract accountant, reconciles all expenses incurred ...
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Related to RECORDING REVENUE

  • Recording Costs Seller shall pay the cost of recording all documents necessary to place record title in the condition required by this Agreement other than the cost of recording the Deed which shall be paid by Purchaser.

  • Gross Revenue The Gross Revenue shall be inclusive of installation charges, late fees, sale proceeds of handsets (or any other terminal equipment etc.), revenue on account of interest, dividend, value added services, supplementary services, access or interconnection charges, roaming charges, revenue from permissible sharing of infrastructure and any other miscellaneous revenue, without any set-off for related item of expense, etc.

  • 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 also does 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 Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Gross Sales Notwithstanding anything in the Lease to the contrary the definition of Gross Sales shall be as follows:

  • Delivery of Earnings Statements As soon as practicable, the Company will make generally available to its security holders and to the Representative an earnings statement or statements of the Company and its subsidiaries which will satisfy the provisions of Section 11(a) of the Act and Rule 158.

  • Monthly Billing Statements The Engineer shall request reimbursement of costs incurred by submitting the original and one copy of an itemized billing statement in a form acceptable to the State. The Engineer is authorized to submit requests for reimbursement no more frequently than monthly and no later than ninety (90) days after costs are incurred.

  • Royalty Statements The Licensees shall provide Shengqu with a statement within ten (10) Business Days of the end of each calendar month during the Term of this Agreement.

  • Net Sales The term “

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