Common use of Revenue and Control Functions Clause in Contracts

Revenue and Control Functions. The Contractor shall collect and hold in trust for the Authority, until deposited in the Authority’s designated bank account, all Operating Receipts generated from operations under this Contract, as provided for in Section 6.05 herein (Exhibit K). The Contractor shall be responsible for collecting, accounting for, and depositing parking, towing, auction, and other revenue, if any, into the Authority’s designated account. The Contractor shall monitor and operate all entries and exits to the Premises and shall perform the cashier functions in accordance with the Manual and direction from the Authority. The Contractor shall be responsible for procuring, securing, and accounting for the ticket stock, both issued and unissued. The Contractor shall maintain and account for Change Funds provided by the Authority. The Contractor shall ensure that patrons are always able to enter and exit the Premises parking lots, except as may be otherwise approved by the Authority in writing.

Revenue and Control Functions. The Contractor shall collect and hold in trust for the Authority, until deposited in the Authority’s designated bank account, all Operating Receipts generated from operations under this Contract, as provided for in Section 6.05 herein (Exhibit K). The Contractor shall be responsible for collecting, accounting for, and depositing parking, towing, auction, and other revenue, if any, into the Authority’s designated account. The Contractor shall monitor and operate all entries and exits to the Premises and shall perform the cashier functions in accordance with the Manual and direction from the Authority. The Contractor shall be responsible for procuring, securing, and accounting for the ticket stock, both issued and unissued. The Contractor shall maintain and account for Change Funds provided by the Authority. The Contractor shall ensure that patrons are always able to enter and exit the Premises parking lotslots at all times, except as may be otherwise approved by the Authority in writing.