Accounting and Interim Payment Sample Clauses

Accounting and Interim Payment. A. Manager shall submit monthly, pursuant to Section 15.02, an interim accounting to Lessee showing Gross Revenues, Deductions, House Profit, Gross Operating Profit and Net Operating Income before Debt Service.
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Accounting and Interim Payment. A. Within twenty (20) days after the close of each Accounting Period, Management Company shall submit an accounting to TRS showing Gross Revenues, Operating Expenses, Operating Profit, and distributions thereof for such Accounting Period. Management Company shall retain any periodic Base Management Fee and Incentive Fee due Management Company and, after taking into account the Working Capital needs of the Hotel in accordance with the terms of this Agreement, shall transfer to TRS with each accounting any Operating Profit or other sums then available for distribution to TRS. In addition to the periodic Base Management Fee and Incentive Fee, Management Company shall be entitled to retain to pay or reimburse itself from the Operating Accounts Out-of-Pocket Expenses and any amounts advanced by Management Company for the payment of Operating Expenses or other amounts in accordance with this Agreement.
Accounting and Interim Payment. A. Subject to Section 6.01 C above, within twenty (20) days after the close of each Accounting Period, Management Company shall submit an accounting to Owner showing Gross Revenues, Deductions, Operating Profit, and distributions thereof for such Accounting Period. Management Company shall transfer to Owner with each accounting any Operating Profit or other sums then available for distribution to Owner and shall retain any periodic Base and Incentive Management Fees due Management Company. Such interim accountings shall be in the form of statements reasonably approved by Owner.
Accounting and Interim Payment. A. Within twenty (20) days after the close of each Accounting Period, Manager shall submit an interim accounting to Lessee showing Gross Revenues, Suite Revenues, Deductions, Operating Profit, and applications thereof with respect to the Inns, and an operating balance sheet for each Inn. Manager shall transfer with each accounting any interim amounts due Lessee and shall retain any interim amounts due Manager (as described in Section 5.01 hereof). Each accounting will be prepared on a consolidated basis and on an individual Inn basis.
Accounting and Interim Payment. 18 ARTICLE VI - PRE-OPENING ACTIVITIES -----------------------------------
Accounting and Interim Payment. A. Within twenty (20) days after the close of each Accounting Period, Tenant shall submit an interim accounting, or "Rent Letter", substantially in the form of Exhibit H attached hereto, to Landlord showing Gross Revenues, Deductions, Operating Profit, and the application thereof under Section 5.03 on an aggregate basis. Tenant shall transfer with each Rent Letter any interim amounts of Annual Rent and Additional Rent to be paid to Landlord, which amounts shall be a reasonable estimate of the portions of Annual Rent and Additional Rent allocable to such Accounting Period.
Accounting and Interim Payment. A. Within twenty (20) days after the close of each Accounting Period, Management Company shall submit an interim accounting to Owner showing, in reasonable detail, the amount (and calculation where appropriate) of Gross Revenues, Deductions, FF&E Reserve contributions and expenditures, Operating Profit, Ground Rent, Cash Flow Available for Incentive Management Fee and (with respect to 1993 through 1996) Owner's Net Cash Flow, and all retentions, distributions and other applications thereof with respect to the Inns. Management Company shall transfer with each accounting any interim amounts due Owner and shall retain any interim management fees due Management Company (as described in this Article V). Each accounting will be prepared on a consolidated basis rather than on an individual Inn basis. Management Company shall also prepare an accounting showing Gross Revenues, Deductions and Operating Profit on an individual Inn basis.
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Accounting and Interim Payment. A. Within twenty (20) days after the close of each Accounting Period, Management Company shall submit an interim accounting to Owner showing, in reasonable detail, the amount (and calculation where appropriate) of Gross Revenues, Deductions, FF&E Reserve contributions and expenditures, Operating Profit and Cash Flow Allowable for Incentive Management Fee, and all retentions, distributions and other applications thereof with respect to the Hotels. Management Company shall transfer with each accounting any interim amounts due Owner and shall retain any interim management fees due Management Company (as described in this Article V). Each accounting will be prepared on a consolidated and consolidating basis.
Accounting and Interim Payment. Within twenty (20) days after the close of each Accounting Period, Management Company shall submit an accounting to Master Tenant meeting the requirements for monthly reporting set forth on Exhibit E attached hereto and, in connection therewith Management Company shall transfer to Master Tenant with each accounting any Operating Profit or other sums then available for distribution to Master Tenant and shall retain any periodic Base Management Fee due Management Company.
Accounting and Interim Payment. A. Manager shall submit monthly, pursuant to SECTION 15.02, an interim accounting to Lessee showing Gross Revenues, Deductions, Gross Operating Profit and Net Operating Income before Debt Service.
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