Examples of Golf Course Facility in a sentence
XXXXXXXXXX shall accurately in all material respects prepare and maintain the books, accounts, and records of the operations of the Golf Course Facility and all transactions related to the Golf Course Facility, in accordance with the Generally Accepted Accounting Principles (GAAP and City’s financial policies).
Until such time that the Annual Budget is complete and approved by CITY, TOUCHSTONE shall use its best commercially reasonable efforts to operate the Golf Course Facility under the existing budget framework provided by TOUCHSTONE to CITY or in a manner consistent with the current market position of the Golf Course Facility.
This Agreement is subject to the law of the state in which the Golf Course Facility is located and the Parties submit to the jurisdiction of the courts of that State.
CITY hereby appoints TOUCHSTONE to manage the Golf Course Facility and TOUCHSTONE hereby accepts such appointment on the terms and conditions herein contained in this Agreement.
The term “Full Management” shall mean the performance of all activities and services required to operate and maintain the Golf Course Facility, including but not limited to those identified in Section III of this Agreement.
No later than March 1st of each year, TOUCHSTONE and CITY shall have prepared and received CITY’s approval of the annual budget (which shall include a line item budget by month of all revenue, costs of goods, operating expenses, payroll costs, management expenses, and other expenditures necessary for Full Management of the Golf Course Facility), marketing calendar, capital improvement plan, facility improvement plan, and equipment plan (collectively, the “Annual Budget”).