Treatment of Revenues and Expenses Sample Clauses

Treatment of Revenues and Expenses. ‌ During the Term of this Agreement, except as provided as set forth in this Article XII, in each Contract Year, Manager shall have the right to retain all Gross Revenues from operating the Civic Center, and shall have the obligation to pay all Operating Expenses and Taxes in connection with Civic Center operations. Manager shall assume bottom-line operating risk for the Civic Center, such that if Operating Expenses exceed Gross Revenues in any Contract Year, the difference (“Operating Net Loss”) shall be borne by Manager.
Sample 1
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Treatment of Revenues and Expenses. The Borrower hereby agrees that, notwithstanding its ownership of 100% of the capital stock of Available Money, for a period of 90 days following the date hereof (or such longer period as the Borrower may consent to in its reasonable discretion) the Borrower shall consent to the inclusion by the Lender in its financial statements of 50% of the revenues and expenses of Available Money; provided that the Borrower's and the Lender's independent auditors deliver their respective opinions that such treatment is in accordance with generally accepted accounting principles.
Sample 1

Related to Treatment of Revenues and Expenses

  • Payment of Fees, Costs and Expenses The Administrative Agent shall have received payment of all fees, costs and expenses, including, without limitation, all fees, costs and expenses of the Administrative Agent (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent) in connection with this Amendment, the Credit Agreement and each other Loan Document, as required by Sections 8 and 9 hereof.

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