Gross Cash Receipts means all cash received in any fiscal year from the operations of the Partnership including all government subsidies received by the Partnership, construction contingency, but excluding Capital Contributions, loan proceeds, repayment of rent, security deposits, insurance proceeds, condemnation awards, proceeds from Net Cash from Sales and Refinancing, and any other funds not generated from current Project Operating Expenses. The Partnership definition of “Net Cash from Sales and Refinancing” (or other applicable related term or activity) must be provided to OHFA for review and approval.
Gross Cash Receipts means with respect to any parcel of Real Estate the sum of cash recorded during any period by or for the account of the Borrower or the Guarantor in payment of the following items:
Gross Cash Receipts for any period after the opening of the Club for business shall mean all revenue and income of any nature derived by Tenant or an Affiliate (exclusive of the Management Fee) for such period from the Premises or the use or operation thereof, including, without limitation, amounts released from Reserves, rent, fees, proceeds from business interruption insurance, governmental allowances and awards and other forms of payments or awards from any source whatsoever, determined on a cash basis, but exclusive of any proceeds from (1) Tenant's financing of the leasehold created by this Lease, (2) any sale, direct or indirect, of any interest in Tenant or Tenant's operations (it 32 being agreed, however, that the proceeds from any sale of used Trade Fixtures or Improvements, for salvage value or otherwise, that are not a part of any sale, direct or indirect, of any interest in Tenant or Tenant's operations would constitute Gross Cash Receipts), (3) any assignment of Tenant's interest in this Lease and (4) any subletting of all of the Premises if, immediately after such subletting, Tenant or an Affiliate shall no longer be in day to day control of the operations of the Club; provided, however, that in the event of any subletting immediately after which Tenant or an Affiliate shall no longer be in day-to-day control of the operations of the Club, NDC Rent shall continue to be calculated, and due from Tenant, as set forth in this Lease but as if such subtenant were the tenant under this Lease. Gross Cash Receipts shall further include, without limitation, any income derived by Tenant or an Affiliate (whether such income is derived from cash or the receipt of other non-cash assets such as stock) from the exploitation in connection with the Premises or the use or operation thereof of any trademark, tradename or other intellectual property of Tenant or an Affiliate, including, without limitation, from the "naming" of the Club and the sale of any branded merchandise at the Club; it being agreed, however, that if and to the extent any such intellectual property is exploited other than in connection with the Premises or the use or operation of the Premises, then Gross Cash Receipts shall include only the equitable portion, if any, of cash and only the equitable portion, if any, of the fair market value of any non-cash assets received from the
Examples of Gross Cash Receipts in a sentence
Let me mention two reasons such fundraising mechanisms must be reviewed.
Manager shall be permitted to issue a check for the Management Fee from the Property's Disbursement Account (as discussed in Section 2.8(b) below) on or after the tenth day of the next succeeding month; however, any checks returned by the bank for insufficient funds or otherwise shall be deducted from Gross Cash Receipts prior to calculation of the Management Fee and shall not be included in Gross Cash Receipts until fully and finally collected.
If such financial audit shall reveal an overstatement or understatement of Gross Cash Receipts for the period in question and a consequent overpayment or underpayment of amounts paid to or payable by Manager with respect to such period, an adjustment shall be made whereby the amount of any such overpayment shall be paid over or credited to Owner by Manager, as Owner may elect, or Owner shall pay over to Manager the amount of any such underpayment, as the case may be.
Gross Cash Receipts shall be defined as revenues collected from Property operations, including all rental income collected, lease termination fees, parking fees (if Manager services the parking garage; if not, parking fees shall be excluded), if any, and late charges.
Farm Gross Cash Receipts by Source, 2008-2020FSource: ERS, “2020 Farm Income Forecast,” February 5, 2020.
More Definitions of Gross Cash Receipts
Gross Cash Receipts. Gross Cash Receipts shall mean the sum of cash received by or for the account of the Borrower in connection with the ownership or operation of the Project, including, without limitation, in payment of the following items:
Gross Cash Receipts means all cash revenues and cash receipts of Company and the Credit Parties during any Fiscal Quarter from any source or activity (excluding only funds belonging to or received for the credit of third parties, such as royalty, suspense funds, working interest or other interest owners, that are received for transfer or payment to such third parties).
Gross Cash Receipts means for any period, the total cash receipts actually received by the Partnership during such period, whether from operation of the Vessels under Drilling Contracts, ancillary services such as catering revenues, interest income from Cash Equivalents and other income items yielding cash such as proceeds from equipment sales or scrap Proceeds; provided that, Gross Cash Receipts shall not include the proceeds of any loans, capital contributions or other extensions of credit made by the Partners or Xxxxxx to the Partnership to the extent permitted hereunder.
Gross Cash Receipts means, with respect to any period, the amount of all cash funds received by the Company from all sources and any amount released from Company reserves.
Gross Cash Receipts shall be defined as revenues collected and received (including, without limitation, promissory notes and other evidences of indebtedness received) from Project operations, including, but not limited to, (i) sales and/or leases of lots and other real property from the Project, (ii) sales of memberships in FLCC, (iii) the gross receipts of operations of FLCC, (iv) lot maintenance fees collected from lot owners, (v) all rental income, and (vi) other income and revenue collected from the sale of ancillary services related to the Project. Gross Cash Receipts shall specifically not include (i) the amount of any sales contract deposits until such time as such a deposit is applied to the purchase price of a lot or other goods or services sold or is retained upon the breach of any such sales contract, but not if applied by Owner as reimbursement for property damage or expenses incurred by Owner, (ii) prepaid rent or other prepaid revenue until such time as it is applied, (iii) insurance proceeds, (iv) services provided by Manager for an additional fee paid by the recipient, (v) tax refunds, and (vi) condemnation awards.
Gross Cash Receipts. (cash receipts actually collected from sales made by the Contractor) less the “Direct Operating Costs Quotient” (a number equal the greater of actual Direct Operating Costs or 25% of Gross Cash Receipts) less the “Overhead Costs Quotient” (a number equal to the greater of actual overhead costs or 15% of Gross Cash Receipts) equals the “Commission Base” Commissions shall be calculated in accordance with the following ratios:
Gross Cash Receipts. With respect to any period, the amount of all cash funds received by the Partnership from all sources.