Food and Beverage Revenue definition

Food and Beverage Revenue means revenue generated from the sale of food and/or beverage offerings.
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Food and Beverage Revenue means all revenue received (whether by Tenant or any subtenants, assignees, concessionaires or licensees) from or by reason of the Property relating to (i) the operation of snack bars, restaurants, bars, catering functions, and banquet operations (except to the extent of any hotel referral or commission fees payable to any hotel or other third party unrelated to Tenant or any Affiliate of Tenant); PROVIDED, HOWEVER, that Food and Beverage Revenue shall not include:
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Food and Beverage Revenue means and include the total of any and all cash and other consideration received by Tenant and/or any affiliated or related person or any of their officers, partners, employees, agents, or contractors (including, but not limited to, sublesses, licensees and concessionaires), or any persons related to or affiliated with any of the foregoing for any and all food and/or beverages which are sold and/or consumed in or on the Demised Premises and/ or Development Improvements (but not including any such cash or other consideration stolen or otherwise unlawfully converted or appropriated).
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Examples of Food and Beverage Revenue in a sentence

  • If Hotel accommodations are bundled with food and beverage arrangements or other services when charged to the customer, you will make a good faith reasonable allocation of the resulting revenue between Gross Rooms Revenue and Gross Food and Beverage Revenue, consistent with the Uniform System of Accounts for the Lodging Industry, or such other accounting methods specified by us in the Manual.

  • Monthly Food and Beverage Fee:ONLY FOR CI, HFS, SA, WACThree percent (3%) of the Hotel’s Gross Food and Beverage Revenue for the preceding calendar monthMonthly Royalty Fee: [ALL BRANDS EXCEPT HWS] Five percent (5%) of theHotel’s Gross Rooms Revenue for the preceding calendar month.

  • Monthly Food and Beverage Fee: ONLY FOR HFSThree percent (3%) of the Hotel’s Gross Food and Beverage Revenue for the preceding calendar month Monthly Royalty Fee: [ALL BRANDS EXCEPT HWS] Five percent (5%) of theHotel’s Gross Rooms Revenue for the preceding calendar month.

  • Monthly Food and Beverage Fee: ONLY FOR HFSThree percent (3%) of the Hotel’s Gross Food and Beverage Revenue for the preceding calendar month Monthly Royalty Fee: [ALL BRANDS EXCEPT HGI and HWS] Five percent(5%) of the Hotel’s Gross Rooms Revenue for the preceding calendar month.

  • Monthly Food and Beverage Fee:ONLY FOR HFSThree percent (3%) of the Hotel’s Gross Food and Beverage Revenue for the preceding calendar month Monthly Royalty Fee: [ALL BRANDS EXCEPT HWS] Five percent (5%) of theHotel’s Gross Rooms Revenue for the preceding calendar month.

  • Monthly Food and Beverage Fee: ONLY FOR CI/HFS/WACThree percent (3%) of the Hotel’s Gross Food and Beverage Revenue for the preceding calendar monthMonthly Royalty Fee:Five percent (5%) of the Hotel’s Gross Rooms Revenue for the preceding calendar month.

  • At the time Event Orders are prepared, Hotel will advise Group if the food and beverage selections based on the Event Orders will achieve the Total Anticipated Food and Beverage Revenue.

  • If not, the Hotel will provide Group with food and beverage options that would achieve the Total Anticipated Food and Beverage Revenue.

  • Group will then have the option of either altering the Event Orders to achieve the Total Anticipated Food and Beverage Revenue, or paying the estimated food and beverage performance damages pursuant to this Food and Beverage Performance Policy.

  • Should you fall short of this Total Anticipated Food and Beverage Revenue, whether due to reduction in size of your meeting, drop in attendance, change in food and beverage functions or otherwise, you agree that the Hotel will suffer damages that will be difficult to determine.


More Definitions of Food and Beverage Revenue

Food and Beverage Revenue means all revenue received (whether by Tenant or any subtenants, assignees, concessionaires or licensees) from or by reason of the Property relating to (i) the operation of snack bars, restaurants, bars, catering functions, and banquet operations (except to the extent of any hotel referral or commission fees payable to any hotel or other third party unrelated to Tenant or any affiliate of Tenant pursuant to any written agreements or other arrangements in place prior to the Effective Date with respect to such revenue); PROVIDED, HOWEVER, that Food and Beverage Revenue shall not include:
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Food and Beverage Revenue means all revenues, income and proceeds of any kind from the sale of food and beverages at the Hotel.
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Related to Food and Beverage Revenue

  • System Revenues means all rates, rents, fees, charges,

  • CAISO Revenues means the credits, fees, payments, revenues, interest or similar benefits, including imbalance energy payments, that are directly assigned by the CAISO to the CAISO Global Resource ID for the Generating Facility for, or attributable to, Scheduling or deliveries from the Generating Facility under this Agreement.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Net Revenues means the difference between:

  • Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Gross Operating Revenues shall be reduced by credits or refunds to guests at such Hotel Property.

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Operating Revenues means, for any period, the gross revenues of the Company arising from the ownership and operation of the Company Assets during such period determined in accordance with GAAP, but specifically excluding Capital Proceeds and Capital Contributions made by the Members (provided that the amount of any decrease in Reserves previously included in determining Company Expenses for any period shall be included in Operating Revenues for the period in which such decrease occurs).

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • TIF Revenues means incremental ad valorem taxes generated on the Redevelopment Project Property by the Project which are to be allocated to and paid to the Authority pursuant to the Act.

  • Recurring Revenue With respect to any Recurring Revenue Loan, the meaning of “Recurring Revenue” or any comparable definition in the related Underlying Instruments relating to recurring maintenance or support revenues, subscription revenues, and recurring revenues attributable to software licensed or sold (excluding one-time license revenues) in the Underlying Instruments for such Loan.