Common use of Understated Gross Revenues Clause in Contracts

Understated Gross Revenues. If, as a result of any audit, it is established that Concessionaire understated the Gross Revenues it received from operations covered by this Agreement by three percent (3%) or more (after deductions and exclusions provided for herein) during the period covered by the audit, the entire expense of said audit shall be borne by Concessionaire. The provisions of this Section 5.11 shall survive the expiration of termination of this Agreement.

Understated Gross Revenues. If, as a result of any audit, it is established that Concessionaire Contractor understated the Gross Revenues it received from operations covered by this Agreement by three percent (3%) or more (after deductions and exclusions provided for herein) during the period covered by the audit, the entire expense of said audit shall be borne by ConcessionaireContractor. The provisions of this Section 5.11 shall survive the expiration of termination of this Agreement.

Understated Gross Revenues. If, as a result of any audit, it is established that Concessionaire understated the Gross Revenues it received from operations covered by this Agreement by three percent (3%) or more (after deductions and exclusions provided for herein) during the period covered by the audit, the entire expense of said audit shall be borne by Concessionaire. The provisions of this Section 5.11 5.08 shall survive the expiration of termination of this Agreement.