Examples of Accounting Month in a sentence
Manager shall deliver each Monthly Report to Owner within fifteen (15) days after the end of the Accounting Month to which such Monthly Report relates.
Interest or other income earned during any period on the amounts in such Replacement Reserve Fund shall be excluded from Gross Revenue, remain part of such Replacement Reserve Fund and be credited against the Replacement Reserve Amount to be contributed for such Accounting Month.
Manager shall cause to be prepared and delivered to Owner reasonably detailed unaudited monthly operating reports (the “Monthly Reports”) that reflect the operational results of the Hotel for each Accounting Month of each Operating Year.
The Base Management Fee shall be payable to Manager in monthly installments in arrears five (5) days after the delivery to Owner of the Monthly Report for the prior Accounting Month, with each such monthly installments being calculated on the actual Gross Operating Revenue for such prior Accounting Month.
The start and end dates of a Royalty Accounting Month vary by the IBM geographic area where licenses are granted.