Excess Gross Revenues Clause Samples
The Excess Gross Revenues clause defines how revenues that exceed a predetermined threshold are to be handled within a contract. Typically, this clause specifies the calculation method for determining when gross revenues surpass the agreed limit and outlines the distribution or allocation of these excess funds, such as sharing additional profits between parties or applying them to specific costs. Its core practical function is to ensure transparency and fairness in the management of unexpectedly high revenues, preventing disputes and clarifying financial expectations for all parties involved.
Excess Gross Revenues. The defined term “Excess Gross Revenues” set forth in Section 1.34 of the Lease is deleted in its entirety and replaced with the following: “Intentionally deleted.”
Excess Gross Revenues. Gross Revenues for a calendar year less the Gross Revenues for the immediately preceding calendar year.
Excess Gross Revenues. Gross Revenues less Base Gross Revenues. Expiration Date: As defined in Section 1.2. Extended Terms: As defined in Section 1.4.