Common use of Gross Receipts Clause in Contracts

Gross Receipts. All Gross Receipts of every kind and nature derived from the operation of the Property during a specified period, without limitation, laundry income, application fees, late fees, and recreation area fees; excluding only: (a) security deposits (to the extent not applied to delinquent rents or damages); (b) proceeds from a sale or refinance of the Property: (c) proceeds from insurance for the reimbursement of loss or damage to the Property, or any part thereof, except that insurance payments for loss of rents will be considered as part of Gross Receipts; (c) condemnation awards or payments received in lieu of condemnation of the Property, or any part thereof; and (d) any trade discounts and rebates received in connection with the purchase of Personal Property or services in connection with the operation of the Property.

Gross Receipts. All Gross Receipts of every kind and nature derived from the operation of the Property during a specified periodperiod determined on a cash basis, including, without limitation, laundry income, application fees, late fees, income and recreation area fees; excluding only: (a) security deposits (to the extent not applied to delinquent rents or damages); (b) proceeds from a sale or refinance of the Property: refinance; (c) proceeds from insurance payments for the reimbursement of loss or damage to the Property, or any part thereof, except that insurance payments for loss of rents "Lost Rent" will be considered as part of Gross Receipts; (cd) condemnation awards or payments received in lieu of condemnation of the Property, or any part thereof; and (de) any trade discounts and rebates received in connection with the purchase of Personal Property or services in connection with the operation of the Property.