Adjusted Gross Revenues definition

Adjusted Gross Revenues means all gross revenues received from the operations of the Properties, not including any non-recurring items (including without limitation refinancing proceeds, sale proceeds, lease buy-outs or similar payments).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Adjusted Gross Revenues shall be defined as Gross Revenues less the following revenues actually received by the Hotel and included in Gross Revenues:

Adjusted Gross Revenues shall be defined as Gross Revenues less the following revenues actually received by the Hotel and included in Gross Revenues: (i) any gratuities or service charges added to a customer's ▇▇▇▇; (ii) any credits or refunds made to customers, guests or patrons; (iii) any sums and credits received by Owner for lost or damaged merchandise; (iv) any sales taxes, excise taxes, gross receipt taxes, admission taxes, entertainment taxes, tourist taxes or charges; (v) any proceeds from the sale or other disposition of the Hotel, furnishings and equipment or other capital assets; (vi) any fire and extended coverage insurance proceeds; (vii) any condemnation awards; (viii) any proceeds of financing or refinancing of the Hotel; and (ix) any interest on the Bank Account(s).

Examples of Adjusted Gross Revenues in a sentence

In addition to Per-Ticket Rent, Tenant shall assess a facility management fee of [***] Dollars ($[***]) per Ticket sold for admission to each Ticketed Event at the Premises (the “FMF”), to be included in Adjusted Gross Revenues and the Co-Pro Pot for purposes of calculating Venue Profits, and shall not constitute additional rent or be treated as Event Expenses (except for applicable sales/admission taxes, if any).
All Landlord Reserved Events shall be booked and operated exclusively by Tenant, included in Adjusted Gross Revenues, and settled with Event Expenses as provided in this Lease.
Sponsorship receipts are excluded from Adjusted Gross Revenues, Co-Pro Pot and Venue Profits, and all costs, fees, commissions, and expenses to procure, service, or deliver Sponsorship, including agency fees, sales commissions, production, buildouts, creative, and in-venue activations, shall be borne solely by Landlord and shall not be treated as Event Expenses, Event Expenses, or otherwise reduce Adjusted Gross Revenues, or Venue Profits.
Notwithstanding anything contained herein to the contrary, inventory from unsold Fire Pit Suites used for public-facing sales or same-day upgrades shall be treated as Adjusted Gross Revenues and included in Co-Pro Pot revenues.
All Parking Fees shall be deemed included within Adjusted Gross Revenues and the Co-Pro Pot and shall be distributed between the Parties in accordance with the profit-sharing provisions of this Lease.

More Definitions of Adjusted Gross Revenues

Adjusted Gross Revenues means all revenues received by Operator including, without limitation, all ticket sales receipts, ticket rebates, facility fees, VIP services, net food and beverage sales, promoter profit, net venue commission from Artist merchandise sales, parking, event rental fees, Parking/Facility Fees (defined below) and sponsorship fees, net of any and all applicable sales taxes and/or commissions. Adjusted Gross Revenues shall not include monies collected for the benefit of and paid to third parties – e.g., co-promoters or gratuities for Operator’s personnel.

Adjusted Gross Revenues means Gross Revenues remaining after the deduction therefrom on a continuing basis of the following in the order set forth below: (a) Producer's "Distribution Fees" as set forth below;

Adjusted Gross Revenues means Employer's Gross Revenues from sales of the Products, less all of the following:

Adjusted Gross Revenues means the excess of the gross ▇▇▇▇▇▇▇▇ generated by the Division during the Measuring Month over the Pass Through ▇▇▇▇▇▇▇▇ of the Division during the Measuring Month; "Pass Through ▇▇▇▇▇▇▇▇" means the billed-through amounts included in gross ▇▇▇▇▇▇▇▇ generated by the Division for such things as postage, forms, outside messenger service, telephone toll charges and sales or use taxes imposed by any jurisdiction on the services performed by COSI under this Agreement; and "Permitted Expenses" means the sum of: (i) all bad debt expense of the Division during the Measuring Month, whether for the creation of an initial reserve of 5% for doubtful accounts or for adjustment of such reserve from Measuring Month to Measuring Month based on an increase in the level of accounts receivable of the Division or the experience of the Division in collecting its accounts receivable; (ii) the incremental out-of-pocket expenses incurred by COSI during the Measuring Month for such things as rent under the Additional Lease and payroll expense for all employees of the Division which would not have been incurred by COSI during the Measuring Month except for the operation of the Division; and (iii) the excess, if any, of the Permitted Expenses of the Division during the month immediately preceding the Measuring Month over the Adjusted Gross Revenues of the Division during such immediately preceding month. COSI shall operate the Division so that the Permitted Expenses of the Division during each year of the Term do not exceed 105% of the amounts budgeted therefor on the Division Budget for such year unless otherwise agreed to in writing by DFI and COSI. Within 20 days after the end of each Measuring Month, COSI shall determine and advise DFI of the respective amounts of Adjusted Gross Revenues, Pass Through ▇▇▇▇▇▇▇▇ and Permitted Expenses for such Measuring Month. Within 25 days after the end of each Measuring Month, COSI will cause the Division to distribute amounts equal to the Adjusted Gross Revenues and Pass Thgough ▇▇▇▇▇▇▇▇ for such Measuring Month in the following strict order of priority to the maximum extent possible:

Adjusted Gross Revenues means in respect of any particular Fiscal Year, the revenues of the Limited Partnership for that year determined in accordance with GAAP, including revenues received or receivable pursuant to the PPA, which revenues, for greater certainty, will already have been reduced by all charges under the PPA, but for the purpose of this definition only, transmission charges pursuant to section 3.2 of the PPA will be added back, less:

Adjusted Gross Revenues shall be defined as gross revenues in accordance with GAAP, as disclosed in Tenant’s Audited Financial Statement, however, deferred revenues and backlog assumed in acquisitions at fair value which would otherwise be excluded from gross revenues in accordance with GAAP, shall be included in Adjusted Gross Revenues.

Adjusted Gross Revenues means gross revenues of the Company from any Re-run minus the sum of (i) production costs, (ii) marketing costs and (iii) distribution costs; provided that if such Re-run includes programming other than New Programming, the portion of Adjusted Gross Revenues which is attributable to New Programming shall be determined on a fair and equitable basis approved by the Founder.