Examples of Total Gross Sales in a sentence
The Concessionaire shall provide to the Department a Monthly Report of Concessionaire’s Total Gross Sales, which shall include gross sales attributable to any and all subcontracts, in the form attached hereto as Exhibit D and incorporated herein by reference, as it may be modified by the Department from time to time.
A Monthly Payment and report of Total Gross Sales received by the Department on or after the 21st day of each month following the month the Gross Sales were collected by the Concessionaire shall result in a late fee being assessed in the amount of 1% of the current amount due for each day the Monthly Payment is late.
Concession Agreements include a compensation structure which is a monthly commission fee based on a specified percentage of Total Gross Sales.
If during any year this Agreement is effective, the annual Total Gross Sales from the Concessionaire’s Services under this Agreement exceed $400,000, the Concessionaire shall obtain and submit, at its sole cost and expense, a limited engagement document, prepared in accordance with the Agreed - Upon Procedures for a Certified Public Accountant as stated in Exhibit G, attached hereto and incorporated herein.
Each monthly report shall contain the required detail based upon Total Gross Sales for such month by point of sale.
The Concessionaire shall be solely responsible for verifying the subcontractors’ reports and for reporting gross sales attributable to any and all subcontracts, and computing and remitting the monthly fee based on Total Gross Sales, as required by this Agreement.
Both the monthly reports of Total Gross Sales and the Annual Profit and Loss Statements shall be based on source documents and books of original entry.
The monthly commission fee, plus the State Use Tax and any other fees or payments due (“Monthly Payment”), shall be submitted to the Department, through the Park Manager, along with the monthly report of Total Gross Sales, so that the Park Manager shall receive such funds and report(s) not later than the 20th day of each month following the month the Gross Sales were collected by the Concessionaire.
By execution of a subcontract between the Concessionaire and subcontractor, each agrees to be bound by the terms of this Agreement, including but not limited to: the requirements of Chapter 119, Florida Statutes; Audit and Minimum Accounting requirements; and the commission on Total Gross Sales, as stated in this Agreement.