Common use of Operating Expense Payment Clause in Contracts

Operating Expense Payment. To the extent that Gross Revenues during any Fiscal Year are, at any time, insufficient or expected to be insufficient to pay Operating Expenses incurred or accrued in such Fiscal Year (including, without limitation, the Base Fee), City shall advance funds to Savor as follows: Savor shall submit to City an invoice for the projected and/or actual insufficiency of Gross Revenues to pay Operating Expenses, and City shall advance such funds to Savor within five (5) days after receipt of such invoice. Any failure by Savor to perform its obligations under this Agreement shall not be a breach of or default under this Agreement if such breach or default results from City's failure to advance sufficient funds to Savor as provided for herein.