Examples of Annual Revenue in a sentence
If agreed to by the Province and the Partnership in writing, the Province may pay the Annual Revenue Sharing Payment for a Fiscal Year in a Fiscal Year that is earlier than the Fiscal Year in which payment is due.
The Province and the Partnership acknowledge that the calculation of the Annual Revenue Sharing Payment will be based on the Net Gaming Revenue Estimate available at the time the accelerated Annual Revenue Sharing Payment is made.
Such payment will discharge the obligation of the Province under section 2.3 for the Fiscal Year for which the Annual Revenue Sharing Payment is calculated and will be subject to reconciliation in the manner set out in section 2.9 based on the relevant Fiscal Year’s Net Gaming Revenue Actual.
Except as provided in section 2.5 or as may be agreed pursuant to section 2.6, the Province will pay the Annual Revenue Sharing Payment by April 30th of the Fiscal Year in which that payment is due.
Except as provided in sections 2.6 and 2.9(b), for the 2019/2020 and 2020/2021 Fiscal Years, and if this Interim Agreement is extended pursuant to section 8.2, for each Fiscal Year during the Term as extended, the Province will pay to the Partnership an Annual Revenue Sharing Payment equal to 7% of the Net Gaming Revenue Estimate.