Gross Operating Profit definition

Gross Operating Profit. For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

Gross Operating Profit means the actual gross operating profit of the Premises determined generally in accordance with the Uniform System of Accounts, consistently applied and consistent with the determination thereof in the Annual Operating Budget.

Gross Operating Profit means the amount, if any, by which Adjusted Gross Revenues for any calendar year exceed operating costs for such calendar year.

Examples of Gross Operating Profit in a sentence

• Participation Rent shall be calculated and included in the additional information or supplemental schedule of Gross Operating Profit included in the annual Audited Financial Statements.

• Developer covenants and agrees to pay the City, as additional annual rent (“Participation Rent”), an amount equal to ten percent (10%) of the amount by which: (i) Gross Operating Profit for such Rental Year exceeds (ii) the then Participation Rent Hurdle for such Rental Year.

• The Incentive Fee is considered a Non-Operating Expense and will be charged below the Gross Operating Profit line of the Income Statement.

• Gross operating margin is to be calculated as follows: Gross Operating Profit / Gross Operating Revenue x 100% = Gross Operating Margin.

• Costs for the Operating Account Audit will be paid by TSJ from the Operating Account and will be allocated as operating cost of the Facilities; provided, however, such costs shall be recorded below the line of Gross Operating Profit.

More Definitions of Gross Operating Profit

Gross Operating Profit means the amount, if any, by which Total Revenues exceed Operating Expenses.

Gross Operating Profit means Gross Revenues less Operating Expenses.

Gross Operating Profit means the excess, if any, of Gross Revenue over Operating Expenses.

Gross Operating Profit means the income before non-operating income and expense of the Premises determined in accordance with the Uniform System of Accounts plus rental income received from subleases relating to the Premises (e.g., restaurant and roof top leases) and consistent with the format set forth in Exhibit D.

Gross Operating Profit means net revenues less operating expenses, as reflected on the casino licensee's or applicant's Division Statement of Income.

Gross Operating Profit or "GOP" shall mean for any period of time, the amount by which Gross Operating Revenue properly attributable to such period exceeds Operating Expenses for the same period.

Gross Operating Profit. For each Development, a sum equal to Revenues minus all expenses from operations (excluding depreciation, amortization, management fees, central reservation fees, real, and personal property taxes, leasehold rent paid, property insurance, replacement reserves, Development Fees and debt service) for a Fiscal Year. However, expenses that are directly related to revenues that are excluded from the definition of "Revenues" below (e.g., expenses directly related to food and beverage sales) will also be excluded from the calculation of Gross Operating Profit.