Revenue and Expenses. (i) All rent (whether fixed monthly rentals, additional rentals, escalation rentals, retroactive rentals, Operating Expense pass-throughs (except as provided in Section 12.1(b)(vi)) or other sums and charges payable by Tenant under the Tenant Lease), revenue (including any and all fees or other compensation paid to Seller under any Contract or the Tenant Lease to be assumed by Buyer, whether paid monthly, upon contract execution or otherwise, as consideration for Seller entering into such Contract or the Tenant Lease) and expenses from any portion of the Property shall be prorated as of the Closing Date (based on a 365 day year). Buyer shall receive all rent and revenue accruing after the Closing Date (including, as a credit against the Purchase Price, the sum of any rentals already received by Seller attributable to the period after the Closing Date and any rent concessions which accrue to any Tenant after the Closing Date). Seller shall receive rent and revenue accruing on or prior to the Closing Date. Notwithstanding the foregoing, Seller shall not be entitled to a credit for any prepaid expenses which do not benefit Buyer after Buyer acquires the Property. Further, notwithstanding the foregoing, no prorations shall be made for any unpaid amounts due and payable prior to Closing or for delinquent rents existing, if any, as of the Closing Date. Although no adjustments shall be made in Seller’s favor for rents which have accrued and are unpaid as of the Closing, Buyer shall pay Seller such accrued and unpaid rents as and when collected by Buyer, it being agreed, however, that Buyer shall not be deemed to have collected such arrearages attributable to the period prior to Closing until such time as the Tenant is current in the payment of all rent and other sums accruing after the Closing. For a period of 90 days after the Closing, Buyer agrees to xxxx Tenants of the Property for all past due rents that are accrued but unpaid as of the Closing; however, (A) Buyer shall not be obligated to incur any out-of-pocket expenses (unless paid by Seller), (B) Buyer may deduct any of its reasonable costs of collection from any amounts due Seller, and (C) under any circumstance, Buyer shall not be obligated to file any legal action or terminate the Tenant Lease. Seller may take reasonable action to collect any delinquent rents provided that Seller may not commence any legal action against Tenant seeking termination of the Tenant Lease and Seller may not commence any oth...
Revenue and Expenses. The Owner shall be responsible for providing all funds necessary to complete the Project. Except for costs that are specifically stated to be the Manager’s sole responsibility under this Agreement, all costs and expenses related to the work, activities and other matters managed by Manager under this Agreement and that are approved by Owner or included within the Budget and Operating Plan shall be Project costs and the sole responsibility of Owner. All draws on any construction funding shall be made by the Owner only, and such draws and all other revenues of the Project shall be payable only to the Owner and paid only to the Owner for deposit into a bank account(s) established for the Project by the Owner. All expenses of the Project shall be payable by the Owner only, who shall be the only authorized signatory with respect to the Project’s bank account(s). The Manager shall cause all invoices or other appropriate documents with respect to the expenses of the Project to be presented to the Owner. The term “
Revenue and Expenses. The Company and its subsidiary recognizes the revenues on sales upon delivery of goods to the customers. The Company and its subsidiary recognizes the revenue on transportation service upon delivery completed and on the accrual basis. The Company and its subsidiary recognized other income and expenses on the accrual basis. UNIQUE MINING SERVICES PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY NOTES TO FINANCIAL STATEMENTS (CONT.) DECEMBER 31, 2009 AND 2008
Revenue and Expenses recognition Sales of goods are recognised when the significant risks and rewards of ownership of the goods have passed to the buyer. Sales are the invoiced value, excluding value added tax, of goods supplied after deducting discounts and allowances. Other incomes are recognised base on accrual basis. Expenses are recognised base on accrual basis.
Revenue and Expenses. Until April 1, 1999 or such other date as agreed to by Owner and Consultant, Owner shall be responsible for collecting all Revenues and for paying Facility Expenses as agreed in the Approved Budget. All fees due to Consultant under this Agreement and any incidental expense reimbursement will be deducted from the Revenues as Facility Expenses.
Revenue and Expenses. 8. The Partners agree that net revenues from Partnership activities will be held by the Partnership and managed to support Partnership activities and initiatives. It is not the intention of the Partnership to incur deficits, but to generate a small net surplus annually to support the sustainable operations of the Partnership Partnership Terms
Revenue and Expenses. 7.1 The Property Manager will deposit all Gross Rental Revenue and other funds received on behalf of the Owner in a bank account held by the Property Manager (the “Management Account”).
Revenue and Expenses. Revenue o Inter-company revenues (to or from (a) North, South and Central America operations, as reported on FICS Financial Statements (together, the "Americas"), to or from (b) Europe, Middle East and Africa operations, as reported on FICS Financial Statements (together, "EMEA"), and Asian Pacific operations, as reported on FICS Financial Statements ("APAC")) will count only to the extent that the Americas or EMEA has recognized revenues from external parties.
Revenue and Expenses. (a) Except as set forth on Schedule 4.20(a)(i), the revenue amounts for the Business for the fiscal years 2004 and 2005 and the ten months ended October 31, 2006 set forth on Schedule 4.20(a)(ii) have been determined in accordance with the revenue recognition policies applied by Seller generally during those periods and are based on the books and records of Seller, and such revenue recognition policies are consistent with GAAP.
Revenue and Expenses. The customer shall determine jointly with the developer reasonable expenses for the Customer and for the Developer. These expenses will be deducted from the gross revenue generated by the developer's web applications built for the customer. The net revenue shall be divided and distributed as follows(see Exhibit B):
