▇▇▇▇▇ Receipts Fee Sample Clauses
▇▇▇▇▇ Receipts Fee. ▇▇▇▇▇▇ agrees to remit to Lessor a “Concession Fee” of twelve percent (12%) of all gross receipts at the Airport, including both sales on Airport premises and orders placed by phone or a computer service that are picked up on Airport premises. All records, accounts, books, receipts and data on business activities shall be subject to inspection and audit by Lessor or Lessor’s contractor. If an audit reveals a discrepancy of more than 5% of the gross receipts reported and the gross receipts determined by an audit for any 12-month period, Lessee shall pay the gross receipts fee on the difference, plus a 15% penalty amount added to the payment. If an audit reveals a discrepancy, ▇▇▇▇▇▇ agrees to reimburse Lessor for the cost of the audit or audits.
▇▇▇▇▇ Receipts Fee. Vendor shall pay to DNREC a INSERT GROSS RECEIPT FEE percentage of Gross Receipts. The Gross Receipts Fee shall be paid to DNREC annually on or before May 31st of each year. In the event there are multiple Venue agreements awarded, or if the Vendor manages other business operations, in no instance shall other Venue or business revenues be co-mingled with other operations of the Vendor and any reciprocal rights or cross-utilization programs must have written approval in advance from DNREC.