Examples of Revenue Share Payment in a sentence
The Public Benefit Revenue Share Payment for any partial three-month period shall be prorated based on the number of days within such time period.
Commencing on the Permitted Sign Payment Commencement Date and continuing for the remainder of the Term, Seaview Palms (or its Tenant) shall pay to the City the Public Benefit Revenue Share Payment pursuant to the further provisions of this Section 4.1. The Public Benefit Revenue Share Payment shall be paid every three months in arrears to the City on the 15th day of each January, April, July, and October during the Term.
In addition, the operation of the Permitted Sign will generate revenues for the City by the payment of the Public Benefit Revenue Share Payment.
If the Public Benefit Revenue Share Payment is determined by the parties or the accounting firm to have been overstated or understated for the applicable year, the parties shall within 60 days thereafter make such adjustment payment or refund as is applicable.
The term of the increased Revenue Share Payment percentages pursuant to this subpart (a) shall continue from immediately prior to the consummation of the Change of Control until the later of (x) one year following consummation of the Change of Control, and (y) the expiration of the Initial Term (if the Change of Control is consummated during the Initial Term) or the applicable Extension Term (if the Change of Control is consummated during an Extension Term).