System Revenues Clause Samples
The 'System Revenues' clause defines what constitutes revenue generated by a particular system, project, or technology under the agreement. It typically outlines the sources of income included, such as sales, licensing fees, or service charges, and may specify how these revenues are calculated or reported. This clause is essential for determining financial entitlements, such as royalty payments or profit-sharing, and ensures all parties have a clear and consistent understanding of what income is subject to contractual obligations.
System Revenues. Revenues generated directly from the --------------- operation of the System during the three (3) month period concluding with the last day of the last calendar month prior to the month during which the Closing occurs shall have been not less than Six Hundred Twelve Thousand Five Hundred Dollars ($612,500.00).
System Revenues. Each of Motivate and the City acknowledges and agrees that, with the exception of Other Sponsorship Funds (which belong 100% to Motivate), all Title Sponsorship Funds, Secondary Sponsorship Funds, Subscriber Fees and Usage Fees generated within, or arising out of the System are Public Funds and shall be accurately reported to the other Party as System Revenues in accordance with the reporting requirements set forth herein.
System Revenues. Operator and the City acknowledge and agree that, beginning on the Effective Date, Operator shall retain all Subscriber Fees and Usage Fees, including any Deferred Revenue (for which Operator may invoice the City on the Effective Date). Operator shall accurately report all Subscriber Fees and Usage Fees generated within or arising out of the System in accordance with the reporting requirements set forth herein. Operator may also invoice the City on a monthly basis for fifty percent (50%) of the cost of membership, ride, and other fees agreed upon by the parties generated by users under the new System that are solely composed of outstanding credits from user purchases for the system operated under the Original Program Agreement.