Gross Operating Profit definition

Gross Operating Profit. For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

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Gross Operating Profit means the actual gross operating profit of the Premises determined generally in accordance with the Uniform System of Accounts, consistently applied and consistent with the determination thereof in the Annual Operating Budget.

Gross Operating Profit means the amount, if any, by which Total Revenues exceed Operating Expenses.

Examples of Gross Operating Profit in a sentence

• Section 7.1.A GAAP See Below Gross Operating Profit See Below Gross Revenues See Below Hotel Article 1 Hotel Personnel..........................................................................................................................

• In no event will Operating Costs include any write-offs of accounts receivable based upon goods sold or services rendered prior to the Commencement Date, nor will any other item of income, cost, or expense attributable to termination of any previous management or concession contract, or to any period prior to the Commencement Date as determined by GAAP, be included in the calculation of Adjusted Gross Revenues, Operating Costs, Gross Operating Profit, or EBITDA.

• If any audit conducted by or on behalf of the Owner reveals a discrepancy in the calculation of Gross Operating Profit in excess of two percent thereof, the Management Company will be responsible for the costs and expenses of such audit.

More Definitions of Gross Operating Profit

Gross Operating Profit means the amount, if any, by which Adjusted Gross Revenues for any calendar year exceed operating costs for such calendar year.

Gross Operating Profit means Gross Revenues less Operating Expenses.

Gross Operating Profit means the income before non-operating income and expense of the Premises determined in accordance with the Uniform System of Accounts plus rental income received from subleases relating to the Premises (e.g., restaurant and roof top leases) and consistent with the format set forth in Exhibit D.

Gross Operating Profit means net revenues less operating expenses, as reflected on the casino licensee's or applicant's Division Statement of Income.

Gross Operating Profit means, with respect to any period of time, the amount by which the sum of Gross Operating Revenue and Golf Operating Revenue for such period exceeds Operating Expenses for such period.

Gross Operating Profit. For each Development, a sum equal to Revenues minus all expenses from operations (excluding depreciation, amortization, management fees, central reservation fees, real, and personal property taxes, leasehold rent paid, property insurance, replacement reserves, Development Fees and debt service) for a Fiscal Year. However, expenses that are directly related to revenues that are excluded from the definition of "Revenues" below (e.g., expenses directly related to food and beverage sales) will also be excluded from the calculation of Gross Operating Profit.

Gross Operating Profit or "GOP" shall mean for any period of time, the amount by which Gross Operating Revenue properly attributable to such period exceeds Operating Expenses for the same period.