Monthly Revenues definition
Examples of Monthly Revenues in a sentence
There shall be no reduction in the Base Rent regardless of the result of the Monthly Revenues Computations.
Starting on the first full month of the Term after the Commencement Date occurs, Tenant shall pay monthly percentage rent (“Percentage Rent”), on or before the tenth day of each calendar month during the Term, in an amount equal to Monthly Revenues Computation, as defined on Exhibit C.
For purpose, hereof, Gross Monthly Revenues shall mean the total of all amounts actually received during the preceding reporting period from rental, charges, income, profits or any source attributable to the Property; provided, however, it shall not include amounts received as security or damage deposits or amounts received as awards upon condemnation, loan proceeds, insurance proceeds, sale proceeds or interest income.
The percentages shall be based on the XXXXXXXXXXXXXXXXXXXX received by the Marketing Agent from XXXXXXXXX involving the use of the Phoenix Software as follows: Monthly Revenues % Paid to Phoenix ---------------- ----------------- Less than XXXX XX XXX to XXX XX XXX to XXX XX Greater thanXXX XX All amounts due Phoenix shall be forwarded to Phoenix within 30 days of the end of the month in which they are earned by the Marketing Agent.
There shall be no reduction in the Base Rent regardless of the result of the Monthly Revenues Computations or Annual Revenues Computations.
The amount of $6,000,000 not later than 30 days following the date that is the third anniversary of the Closing Date, subject to downward adjustment as described below in Section 2.2(b)(ii)(B) below if the Average Monthly Revenues are less than $9,400,000.
In the event the Company receives aggregate Net Monthly Revenues of at least $750,000 during its fiscal year ended December 31, 2005, this Option shall be immediately exercisable in full into all 400,000 Shares.
Owner shall pay the Manager, as its Management Fee, a sum equal to ten percent (10 %) of the Gross Monthly Revenues (as hereafter defined), derived from the operation of the Property, or flat fee of Seventy five dollars ($75.00) per month, if the property is vacant, payable monthly on the 25th day of each month for the preceding reporting period.
The percentages shall be based on *** received by the Marketing Agent from *** involving the use of Phoenix Software less any pass through expenses (telecommunications, expenses, courier, materials, etc.) as follows: Monthly Revenues % Paid to Phoenix ---------------- ----------------- *** *** *** *** *** *** *** *** All amounts due Phoenix shall be forwarded to Phoenix within 30 days of the end of the month in which they are earned by the Marketing Agent.
If at the conclusion of the month the percentage of the Gross Monthly Revenues as defined below for that month exceeds the Base Rental, Lessee must pay the difference to Authority by the 15th day of the following month.