Revenues/Expenses Sample Clauses

Revenues/Expenses. Troon will collect for its account all revenues from the sale of food and beverages on the F/B Premises. All costs and expenses relating to the F/B Operations, including fees, costs, royalties payable pursuant to Third Party Contract(s), and shall maintain an appropriate number of food and beverage service employees and an appropriate level of inventory which shall be considered Operating Costs (as defined in the Management Agreement). City shall have no interest or claim to income from the sale of food and beverages on the F/B Premises or from F/B Operations. City shall also subsidize Troon for discounts offered to residents.
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Revenues/Expenses. The Parties shall share revenue and expenses as follows:
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Revenues/Expenses. It is the specific intent of the parties to this Agreement that all income and revenue pertaining to the operation of the Business or the Assets paid by cash, check, wire transfer, credit or other means be allocated and belong to (i) the Company if earned prior to the Effective Date, and (ii) the Purchaser if earned after the Effective Date, regardless of the date the Company receives such income and revenue. For example, commissions paid on an insurance carrier's commission statements covering the period prior to the Effective Date belong to the Company, even if payment is received after the Effective Date, and commissions paid on an insurance carrier's commission statements covering the period after the Effective Date belong to the Purchaser regardless of when payment is actually received. In applying the foregoing, the total aggregate commissions, including bonus commissions, set forth in commission statements covering a time period that overlaps the Effective Date shall be prorated in the proportion that the number of days preceding the Effective Date bears to the number of days following the Effective Date, as provided in the example set forth in Section 1.1(c) of the Disclosure Schedule. Similarly, it is the specific intent of the parties to this Agreement that all costs and expenses pertaining to the operation of the Business or the Assets be allocated to and borne by (iii) the Company if incurred prior to the Effective Date, and (iv) the Purchaser if incurred after the Effective Date. For example, expenses for advertising that is aired or run prior to the Effective Date shall be borne by the Company regardless of the date of the vendor's invoice or when payment is made, and expenses for advertising that is aired or run after the Effective Date shall be borne by the Purchaser regardless of the date of the vendor's invoice or when payment is made. All such income and revenue shall be collected and all such costs and expenses shall be allocated in accordance with the policies set forth in Section 1.1(c) of the Disclosure Schedule. Notwithstanding the foregoing, the allocation of income, revenues, costs and expenses under clauses (ii) and (iv) above shall be made at the Closing and accounted for under Section 1.4 of this Agreement in determining the Closing Payment (as defined herein) to be paid at Closing. In addition, ad valorem Taxes on the Tangible Personal Property will be prorated between the Company and the Purchaser as of the Effective Date suc...
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Revenues/Expenses. Subject to paragraph 9.2 hereof, all monies, proceeds, receipts, credits, and income attributable to Seller's Partnership Interest in the Sycamore Partnership and to periods of time before the Effective Date shall be the sole property and entitlement of Seller; and to the extent received by Buyer after the Effective Date, Buyer shall fully disclose, account for, and except as otherwise provided herein, remit same to Seller promptly. All costs, expenses, and disbursements attributable to Seller's Partnership Interest in the Sycamore Partnership to periods of time before the Effective Date shall be the sole obligation of Seller and Seller shall promptly pay or, if paid by Buyer, promptly reimburse Buyer for same.
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Revenues/Expenses. Room rentals and operating expenses shall belong to and be the obligation of Seller through the Closing Date. All deposits previously received by Seller from guests or others as security or in connection with services to be rendered after the Cut-Off Time shall be credited to Purchaser at Closing. All room and other revenues related to guests in residence and who have not checked out of the Cut-off Time shall be credited to Seller at Closing. Seller shall retain all accounts receivable and cash generated in connection with Seller’s operation of the Assets prior to the Cut-Off Date. Any of Seller’s receivables received by Purchaser shall be remitted to Seller when collected.
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Revenues/Expenses. Revenues shall be paid to the CITY on a monthly basis. The following fees shall be in effect:
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Related to Revenues/Expenses

  • Business Expenses The Company shall reimburse the Executive for any and all necessary, customary and usual expenses, properly receipted in accordance with Company policies, incurred by Executive on behalf of the Company.

  • Costs, Expenses and Taxes (a) In addition to the rights of indemnification under Article VIII hereof, the Borrower agrees to pay to the Lender promptly after written demand thereof (i) all reasonable costs and expenses incurred in connection with the periodic auditing of the Borrower and the Servicer pursuant to Section 5.01(c) or 5.04(c) of this Agreement and the agreed upon procedures reports contemplated by Section 5.05(e) of this Agreement, provided that the Borrower shall only be responsible for the reasonable costs and expenses incurred in connection with one audit of the Borrower, the Originator, and the Servicer, in each case during any twelve (12) month period beginning on the date hereof and on each anniversary of the date hereof, and in each case, so long as (x) no Event of Termination shall have occurred and be continuing and (y) the results of the previous audits were complete and reasonably acceptable to the Lender, and (ii) all reasonable costs and expenses of the Lender in connection with the preparation, execution and delivery (including any requested amendments, waivers or consents) of this Agreement and the other documents to be delivered hereunder, including, without limitation, all pre-closing due diligence expenses and the reasonable fees and out-of- pocket expenses of special counsel for the Lender with respect thereto and with respect to advising the Lender as to its rights and remedies under this Agreement, and the other agreements executed pursuant hereto and (iii) all costs and out-of-pocket expenses (including fees and expenses of outside counsel), incurred by the Lender in connection with any amendment to any of the Facility Documents after the date hereof and the enforcement of this Agreement and the other agreements and documents to be delivered hereunder after the occurrence of an Event of Termination.

  • Excess Expenses If the expenses for any Portfolio for any fiscal year (including fees and other amounts payable to the Adviser, but excluding interest, taxes, brokerage costs, litigation, and other extraordinary costs) as calculated every business day would exceed the expense limitations imposed on investment companies by any applicable statute or regulatory authority of any jurisdiction in which shares of a Portfolio are qualified for offer and sale, the Adviser shall bear such excess cost. However, the Adviser will not bear expenses of any Portfolio which would result in the Portfolio's inability to qualify as a regulated investment company under provisions of the Internal Revenue Code. Payment of expenses by the Adviser pursuant to this Section 5 shall be settled on a monthly basis (subject to fiscal year end reconciliation) by a reduction in the fee payable to the Adviser for such month pursuant to Section 3 and, if such reduction shall be insufficient to offset such expenses, by reimbursing the Trust.

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