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.

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

• For purposes of this section, the term "Gross Operating Profit" shall mean the amount, if any, by which Adjusted Gross Revenues for any calendar year exceed operating costs for such calendar year.

• Manager shall submit monthly, pursuant to Section 15.02, an interim accounting to Lessee showing Gross Revenues, Deductions, House Profit, Gross Operating Profit and Net Operating Income before Debt Service.

• The Individual Rent is calculated as 20% of the relevant Initial Hotel Property’s total monthly operating revenue plus 34% of the relevant Initial Hotel Property’s Gross Operating Profit for that month.

• Base Fee – 3% of Total Revenue Incentive Management Fee – 20% of Proceeds after Owner’s Priority 12% of Purchase Price Owner will have the right to terminate the management agreement if in any year (after the first “stub” year) the following occurs: (a) Gross Operating Profit is less than the Performance Termination Threshold AND (b) the RevPAR Index is less than 100%.

• Gross Operating Profit with respect to the Leased Property shall mean, for any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

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.