Common use of Financial Structure Clause in Contracts

Financial Structure. Except as otherwise authorized in this Agreement, Vendor shall operate the Dining Services Program on a profit and loss basis, whereby Vendor shall collect all Sales Revenue and pay all Vendor Paid Allowable Expenses. In the event that Vendor Paid Allowable Expenses, as defined in Section 13.1.1, exceed Sales Revenue, Vendor shall be responsible for the loss. In the event that Sales Revenue exceeds Vendor Paid Allowable Expenses, Vendor shall retain the surplus. The costs incurred in connection with the Dining Services Program will be categorized as follows:

Financial Structure. Except as otherwise authorized in this Agreement, Vendor shall operate the Dining Services Program on a profit and loss basis, whereby Vendor shall collect all Sales Revenue and pay all Vendor Paid Allowable Expenses. In the event that Vendor Paid Allowable Expenses, as defined in Section 13.1.111.1.1, exceed Sales Revenue, Vendor shall be responsible for the loss. In the event that Sales Revenue exceeds Vendor Paid Allowable Expenses, Vendor shall retain the surplus. The costs incurred in connection with the Dining Services Program will be categorized as follows: