Beverage Sales definition
Beverage Sales. Gross revenue from (i) the sale of wine, beer, liquor or other alcoholic beverages, whether sold in the bar or lounge, delivered to a guest room, sold at meetings or banquets or at any other location at the Leased Property or from (ii) non-alcoholic beverages sold in the bar or lounge. Such revenues shall not include the following:
Beverage Sales means gross revenue from the sale of (i) wine, beer, -------------- liquor or other alcoholic beverages, whether sold in a bar or lounge, delivered to or available in a guest room, sold at meetings or banquets or at any other location at the Leased Property and (ii) non-alcoholic beverages sold in a bar or lounge. Such gross revenue constituting Beverage Sales shall include sales by Lessee and its permitted subtenants, licensees and concessionaires (including Manager). Such revenue shall be determined in a manner consistent with the Uniform System and shall not include the following:
Beverage Sales means gross revenues from (i) the sale of wine, beer, liquor or other alcoholic beverages, whether sold in a bar or lounge, delivered to or available in a guest room, sold at meetings or banquets or at any other location at the Leased Property and (ii) non-alcoholic beverages sold in a bar or lounge. Such revenue shall include sales by Lessee and its permitted subtenants, licensees and concessionaires, but as to subleases, licenses or similar arrangements for alcoholic beverage sales which are entered into by Lessor or any prior owner of the Leased Property with parties who are not Affiliates of Lessee and which were existing as of the date of this Lease, such revenue shall only include rents received under such existing subleases, licenses or similar arrangements. Such revenue shall be determined in a manner consistent with the Uniform System and shall not include the following:
Examples of Beverage Sales in a sentence
In the event that individuals or groups purchase rooms, food and beverage and/or the use of other hotel facilities or services together or as part of a package, Lessee agrees that revenues shall be allocated among Room Revenues, Food Sales, Beverage Sales and/or other revenue categories, as applicable, in a reasonable manner consistent with the historical allocation of such revenues.
Adjustments calculated as set forth above in the Base Rent and threshold Room Revenues amounts (and Food Sales and Beverage Sales amounts, if applicable) shall be effective on January 1 of the Fiscal Year to which such adjusted amounts apply.
If rent is paid in any Fiscal Year prior to the determination of the amount of any adjustment to Base Rent or the threshold Room Revenues (and Food Sales and Beverage Sales amounts, if applicable) applicable for such Fiscal Year, payment adjustments for any shortfall of rent paid shall be made with the first Base Rent payment due after the amount of the adjustments are determined.
Such weekly revenue report shall contain the adjusted daily rate, occupancy, RevPAR, the total Food and Beverage Sales and Room Revenues of the Leased Property.
By way of example, if the CPI Adjustment Year were 2000, the amount of Base Rent and the threshold Room Revenues amounts (and Food Sales and Beverage Sales amounts, if applicable) in the Quarterly Revenues Computations and Annual Revenues Computations for the Fiscal Year commencing January 1, 2000 would be adjusted to reflect any change in the Consumer Price Index from the Fiscal Year ended December 31, 1998 as compared to the Fiscal Year ended December 31, 1999.
More Definitions of Beverage Sales
Beverage Sales means Gross Revenues from (a) the sale of wine, beer, liquor or other alcoholic beverages, whether sold in a bar or lounge, delivered to or available in a guest room, sold at meetings or banquets or at any other location at the Hotel and (b) non-alcoholic beverages sold in a bar or lounge. Such revenue shall include sales by Tenant and its permitted subtenants, licensees and concessionaires if such permitted subtenant, licensees or concessionaires are Affiliates of Tenant. Such revenue shall be determined in a manner consistent with GAAP and the Uniform System of Accounts and shall include (a) the fair market value of goods or services which have been provided in exchange for beverages under bartering or trade arrangements, (b) the fair market value of beverages provided under frequent traveler programs, gift certificate programs or any other similar programs, and (c) the fair market value of any other allowances deducted from beverage revenues (items (a)-(c) being allocated to the respective revenues categories in accordance with the Uniform System of Accounts). Such revenue shall not include: (a) any gratuity or service charge added to a customer's b▇▇▇ or statement in lieu of gratuity which is paid directly to an employee; or (b) sales taxes or taxes of any other kind imposed on the sale of alcoholic or other beverages; or (c) the value of any beverages provided to employees of Landlord, Tenant, any franchisor under the Franchise Agreement or any guest on a complimentary basis. All credits, rebates, refunds and credit card chargebacks relating to Beverage Sales shall be deducted from Beverage Sales.
Beverage Sales. The Festival has an exclusive contract with a beverage sponsor. No competing beverages may be sold with the exception of lemonade and coffee by Festival approved lemonade and coffee vendors. Selling any other type of beverage is in violation of Festival policy and may result in being excused from the Festival without a refund of fees. STAFFINGREQUIREMENTS: Food Vendors must have their booths staffed continuously during the following hours: Saturday, March 15 9:00am - 5:30pm Sunday, March 16 9:00am - 5:30pm The Festival opens to the public at 9:30am and closes at 5:30pm TELECOMMUNICATIONS, INTERNET OR ISDN SERVICES: No phone lines are available for booths. Food Vendors are
Beverage Sales means gross revenue from (i) the sale of wine, beer, liquor or other alcoholic beverages, whether sold in the bar or lounge, delivered to a guest room, sold at meetings or banquets or at any other location at the Leased Property, or (ii) non-alcoholic beverages sold in the bar or lounge. Such revenues shall not include the following:
(A) Any gratuity or service charge added to a customer’s b▇▇▇ or statement in lieu of a gratuity which is paid to an employee;
(B) Any revenues that are subsequently credited, rebated or refunded in the ordinary course of business; and Sales taxes or taxes of any other kind imposed on the sale of alcoholic or other beverages.
Beverage Sales means gross revenue from the sale of (i) wine, beer, liquor or other alcoholic beverages, whether sold in a bar or lounge, delivered to or available in a guest room, sold at meetings or banquets or at any other location at the Leased Property and (ii) nonalcoholic beverages sold in a bar or lounge. Such gross revenue constituting Beverage Sales shall include sales by Lessee and its permitted subtenants, licensees and concessionaires. Such revenue shall be determined in a manner consistent with the Uniform System and shall not include the following:
(i) Any gratuity or service charge added to a customer's bill ▇▇ statement in lieu of a gratuity which is paid directly to an employee;
(ii) Credits, rebates or refunds; and
(iii) Sales taxes or taxes of any other kind imposed on the sale of alcoholic or other beverages.
Beverage Sales means gross revenue from the sale of (i) wine, beer, liquor or other alcoholic beverages, whether sold in a bar or lounge, delivered to or available in a guest room, sold at meetings or banquets or at any other location at the Leased Property and (ii) nonalcoholic beverages sold in a bar or lounge. Such gross revenue constituting Beverage Sales shall include sales by Lessee and its permitted subtenants, licensees and concessionaires. Such revenue shall be determined in a manner consistent with the most current Uniform System of Accounts for Hotels (the "Uniform System"), as adopted by the American Hotel Association, and shall not include the following:
(i) Any gratuity or service charge added to a customer's bill or statement in lieu of a gratuity which is paid directly to an employee;
(ii) Credits, rebates or refunds; and
(iii) Sales taxes or taxes of any other kind imposed on the sale of alcoholic or other beverages.
Beverage Sales means Gross Revenues from (a) the sale of wine, beer, liquor or other alcoholic beverages, whether sold in a bar or lounge, delivered to or available in a guest room, sold at meetings or banquets or at any other location at the Hotel and (b) non-alcoholic beverages sold in a bar or lounge. Such revenue shall include sales by Tenant and its permitted subtenants, licensees and concessionaires if such permitted subtenant, licensees or concessionaires are Affiliates of Tenant.
Beverage Sales means Gross Revenues from (a) the sale of wine, -------------- beer, liquor or other alcoholic beverages, whether sold in a bar or lounge, delivered to or available in a guest room, sold at meetings or banquets or at any other location at the Hotel and (b) non-alcoholic beverages sold in a bar or lounge. Such revenue shall include sales by Tenant and its permitted subtenants, licensees and concessionaires if such permitted subtenant, licensees or concessionaires are Affiliates of Tenant. Such revenue shall be determined in a manner consistent with GAAP and the Uniform System of Accounts and shall include (a) the fair market value of goods or services which have been provided in exchange for beverages under bartering or trade arrangements, (b) the fair market value of beverages provided under frequent traveler programs, gift certificate programs or any other similar programs, and (c) the fair market value of any other allowances deducted from beverage revenues (items (a)-(c) being allocated to the respective revenues categories in accordance with the Uniform System of Accounts). Such revenue shall not include: (a) any gratuity or service charge added to a customer's bill or statement in lieu of gratuity which is paid directly to an employee; or (b) sales taxes or taxes of any other kind imposed on the sale of alcoholic or other beverages; or (c) the value of any beverages provided to employees of Landlord, Tenant, any franchisor under the Franchise Agreement or any guest on a complimentary basis. All credits, rebates, refunds and credit card chargebacks relating to Beverage Sales shall be deducted from Beverage Sales.