Revenue and Expenses. (i) All rent (whether fixed monthly rentals, additional rentals, escalation rentals, retroactive rentals, Operating Expense pass-throughs (except as provided in Section 12.1(b)(vi)) or other sums and charges payable by Tenants under Tenant Leases as to each Property), revenue (including any and all fees or other compensation paid to each Seller under any Contract or Tenant Lease to be assumed by Buyer, whether paid monthly, upon contract execution or otherwise, as consideration for such Seller entering into such Contract or Tenant Lease) and expenses from any portion of each Property shall be prorated separately with respect to each Property as of the applicable Closing Date (based on a 365 day year). Buyer shall receive all rent and revenue accruing as to the applicable Property after the applicable Closing Date (including, as a credit against the applicable Allocated Purchase Price the sum of any rentals already received by such Seller attributable to the period after the applicable Closing Date. Each Seller shall receive rent and revenue accruing on or prior to the Closing Date applicable to such Seller’s Property. Notwithstanding the foregoing, no Seller shall be entitled to a credit for any prepaid expenses which do not benefit such Seller’s Property after Buyer acquires such Seller’s Property. Further, notwithstanding the foregoing, no prorations shall be made for any unpaid amounts due and payable prior to applicable Closing or for delinquent rents existing, if any, as of the applicable Closing Date. Although no adjustments shall be made in any Seller’s favor for rents which have accrued and are unpaid as of the applicable Closing, Buyer shall pay such Seller such accrued and unpaid rents as and when collected by Buyer, it being agreed, however, that Buyer shall not be deemed to have collected such arrearages attributable to the period prior to the applicable Closing until such time as the Tenant is current in the payment of all rent and other sums accruing after the applicable Closing. For a period of 90 days after the applicable Closing, Buyer agrees to xxxx Tenants of the applicable Property for all past due rents that are accrued but unpaid as of the applicable Closing; however, (A) Buyer shall not be obligated to incur any out-of-pocket expenses (unless paid by the applicable Seller), (B) Buyer may deduct any of its reasonable, third party costs of collection from any amounts due to such Seller, and (C) under any circumstance, Buyer shall not b...
Revenue and Expenses. The Owner shall be responsible for providing all funds necessary to complete the Project. Except for costs that are specifically stated to be the Manager’s sole responsibility under this Agreement, all costs and expenses related to the work, activities and other matters managed by Manager under this Agreement and that are approved by Owner or included within the Budget and Operating Plan shall be Project costs and the sole responsibility of Owner. All draws on any construction funding shall be made by the Owner only, and such draws and all other revenues of the Project shall be payable only to the Owner and paid only to the Owner for deposit into a bank account(s) established for the Project by the Owner. All expenses of the Project shall be payable by the Owner only, who shall be the only authorized signatory with respect to the Project’s bank account(s). The Manager shall cause all invoices or other appropriate documents with respect to the expenses of the Project to be presented to the Owner. The term “
Revenue and Expenses. The Company and its subsidiary recognizes the revenues on sales upon delivery of goods to the customers. The Company and its subsidiary recognizes the revenue on transportation service upon delivery completed and on the accrual basis. The Company and its subsidiary recognized other income and expenses on the accrual basis.
Revenue and Expenses recognition
Revenue and Expenses. Until April 1, 1999 or such other date as agreed to by Owner and Manager, Owner shall be responsible for collecting all Revenues and for paying Facility Expenses as agreed in the Approved Budget. All fees due to Manager under this Agreement and any incidental expense reimbursement will be deducted from the Revenues as Facility Expenses.
Revenue and Expenses. All revenue collected – including event registration and sponsorship fees - must be reported and sent to the MIA via a check or other method. Cash should not be sent. Any funds raised, including sponsorships are required to be sent to the MIA HQ within 10 business days of the event. Sponsors and/or chapter leaders may often pay directly to cover the cost of refreshments or bringing in a speaker. Related fees will be reimbursed from the chapter funds by submitting a MIA Expense Reimbursement Form (included in the separate document). It is up to each chapter to determine the funds available for reimbursement prior to paying out of pocket expenses. Invoices and bills will be paid by the MIA on behalf of each chapter. Invoices and credit card receipts should be submitted to the MIA with the approval of the chapter chair(s) for payment. Invoices submitted by the 15th of the month are paid on the 30th. The MIA will account for each chapter’s (and symposiums) funds separately and provide a quarterly financial report which will provide a balance sheet and a list of all revenues and expenditures. Revenue will be designated as follows: • Chapter Membership Dues - will be directed to the MIA to help offset some of the costs for a chapters relations staff role, insurance, and other operational costs (email blasts, website maintenance, etc) associated with the chapter. • Registration Revenue – utilized by the chapter to help offset event costs. • Host Sponsorship – n/a (host will cover food/beverage and other onsite expenses directly). • Additional Sponsorships – utilized by the chapter to help offset event costs. • Symposium – split 50/50 after net costs determined. • 50% chapter - held over to the next year for chapter programming. • 50% industry initiative - designated by the chapter leadership for disbursement to a major industry initiative: scholarship, sustainability, and other board approved initiatives.
Revenue and Expenses. The Partners agree that net revenues from Partnership activities will be held by the Partnership and managed to support Partnership activities and initiatives. It is not the intention of the Partnership to incur deficits, but to generate a small net surplus annually to support the sustainable operations of the Partnership
Revenue and Expenses. Any money collected by the Joint Industry Committee by reason of imposition of fines, assessments, or penalties shall be deposited in a bank bearing the name of the Committee. Said funds may be used to cover the expenses of the Committee in accordance with Section 3 (Rules of Procedure) of this Article, provided, however that the Committee may decide those expenses that shall be paid by the respective representatives to the Committee.
Revenue and Expenses. 2.1 As of the Effective Date of this Agreement and throughout the term of this Agreement, the Parties agree to share, in accordance with the Allocation as set forth in Section 1.2, all reasonable Intellectual Property Protection expenses, including legal expenses, and any other expenses incurred by WVURC in the legal protection and the commercialization of the Invention (“WVURC Expenses”) should such expenses not be shared. WVURC Expenses will further include any Intellectual Property Protection prosecuted by patent attorneys or agents employed by WVURC and these WVURC Expenses will be billed at reasonable market rates.
2.2 Should WVURC not elect to pursue Intellectual Property Protection pursuant to Section 1.4 and INSTITUTION elects to so pursue such protection, WVURC will share, in accordance with the Allocation, all reasonable expenses throughout the term of this Agreement (“INSTITUTION Expenses”) should such expenses not be shared as set forth in Section 2.3.
2.3 The Parties agree to share all earnings received from any commercialization of the Invention, including but not limited to the licensing or sale of the Invention, and these earnings will be distributed in accordance with the Allocation, after the deduction of any WVURC Expenses and INSTITUTION Expenses from the earnings, in accordance with Sections 2.1 and 2.2 (“Revenue”). After receipt by WVURC of the first of such Revenues, WVURC will make payments to INSTITUTION within sixty (60) days from the receipt of any Revenue. All Revenue payments to INSTITUTION will include the name of the license, licensee, total amount paid, and any WVURC Expenses or INSTITUTION Expenses, for the Invention.
2.4 All Revenue shall be further reduced by _____________percent (____ %) prior to distribution to pay WVURC’s Administrative Fee. The Administrative Fee shall be applicable in the event either party elects to pursue Intellectual Property Protection.
Revenue and Expenses. The customer shall determine jointly with the developer reasonable expenses for the Customer and for the Developer. These expenses will be deducted from the gross revenue generated by the developer's web applications built for the customer. The net revenue shall be divided and distributed as follows(see Exhibit B):
(i) Fifty Percent of net revenue shall be paid to the customer every calendar month.
(ii) Fifty Percent of net revenue shall be paid to the developer every calendar month.
