RECYCLING REVENUES; GUARANTEE AND SHARING OF REVENUES. 11 A. Revenue Guarantee - General. Contractor will pay Authority one hundred percent 12 (100%) of Revenue earned from the sale of Recyclable Materials monthly until it has 13 paid Revenue equal to the Revenue Guarantee then in effect. If Revenue earned 14 from the sale of Recyclable Materials is less than the Revenue Guarantee in any 15 year, Contractor will pay Authority, within 60 days after the end of that Rate Year, the 16 difference between the Revenue Guarantee and the Revenue actually earned and 17 paid by Contractor to Authority. 18 “Revenue” for the purposes of this Section 7.07 means the amounts due Contractor 19 from the sale of Recyclable Materials (prices based on terms being FOB Shoreway 20 Center except for glass, in which case sales revenue will be based on the delivered 21 price less cost of transport).
