Percentage of Gross Receipts Sample Clauses
The 'Percentage of Gross Receipts' clause defines how a party’s payment or compensation is calculated as a fixed percentage of the total gross revenue generated from specified activities or transactions. In practice, this clause typically applies to agreements where one party, such as a licensee or agent, earns a share of the gross income before any deductions for expenses or costs. For example, a performer might receive 10% of all ticket sales from an event. The core function of this clause is to establish a clear, formula-based method for determining payments, ensuring transparency and aligning the interests of the parties with the overall financial success of the venture.
Percentage of Gross Receipts. In addition to the Minimum Annual Guaranty payable under Paragraph E.1 hereof, Permittee shall also pay to the Port for the Term hereof not later than thirty (30) days after the end of each calendar month during the Term of this Permit, commencing after the end of the calendar month that contained the Rent Commencement Date, a sum in the amount, if any, by which the Percentage Fees due through the end of the previous calendar month exceeds the installments of the Minimum Annual Guaranty payable to the Port through the end of such month. The percentage of Gross Receipts derived from Permittee’s business at the Airport (“Percentage Fees”) payable by Permittee is shown on said Exhibit “5”. Permittee shall subtract the amount of the monthly payment of the Minimum Annual Guaranty from the Percentage Fees payable to Port each month, and only the amount, if any, by which the Percentage Fees exceed the monthly payment of the Minimum Annual Guaranty shall be paid to Port as Percentage Fees.
Percentage of Gross Receipts. Payment of a percentage of gross receipts (“Percentage Rent”) in excess of the MAG generated by each Concession Operator as established during negotiation of the lease. By no later than the fifteenth (15th) day after the end of each calendar month during the lease period, the Concession Operators shall pay to the Contractor without demand or invoice by the Contractor, a sum of money equal to the amount by which the Percentage Rent exceeds either: (i) the MAG paid for the previous month (if the rent under the lease is structured as the greater of the MAG or Percentage Rent); or (ii) the monthly breakpoint(s) negotiated in the lease. In the event the Percentage Rent for the month does not exceed either (i) the monthly installment of the MAG paid for that month; or (ii) the monthly breakpoint(s) for Percentage Rent, then no Percentage Rent shall be due for that month. Percentage Rent payments, if due, shall be deemed delinquent if not received by the Contractor by the fifteenth (15th) calendar day after the end of each calendar month.
Percentage of Gross Receipts. Pursuant to Article 5.A. of the Concession Agreement, the successful Proposer shall pay to the Aviation Authority, for each Agreement Period of the Term of the Concession Agreement, a Concession Fee, in an amount equal to the greater of: (1) the Minimum Annual Concession Fee consisting of the sum of an Annual Rental Fee and a Minimum Annual Privilege Fee, or (2) the Percentage of Gross Receipts. See Article 5 of the Concession Agreement for additional details on the Concession Fees and how the Minimum Annual Concession Fee will be adjusted during the Term of the Concession. The Initial Minimum Annual Concession Fee is set by the Aviation Authority at One Hundred Sixty Five Thousand and No/100 Dollars ($165,000.00). For this Concession, there are 2 categories of Percentages of Gross receipts as follows: 1. food and non-alcoholic beverage sales; and 2. employee sales. Proposers will submit their proposal on only the Percentage of Gross Receipts for food and non-alcoholic beverage sales. The Percentage of Gross Receipts for employee sales will be fixed at 5%. Each Proposer is required to submit a proposed Percentage of Gross Receipts for food and non-alcoholic beverage sales, DO NOT propose on the fixed Minimum Annual Concession Fee or employee sales. A percentage fee of less than ten percent (10%) will NOT be considered. Proposed Percentage of Gross Receipts Food and Non-Alcoholic Beverages %
Percentage of Gross Receipts. Lessee shall pay LAWA a percentage of its Gross Receipts (“Percentage of Gross Receipts”! as follows, ifand only if such amount is greater than MAG for the applicable Lease Year as follows: From the Effective Date through February 28, 2019: Green Fees, Cart Rental Fees, and Driving Range Instruction Paid to Course 5% Merchandise 5% Food 5% Beverage 5% Other 5% Commencing March 1, 2019: Green Fees, Driving Range Fees, and Golf Cart Rentals Instruction Paid to Course Merchandise 2.5% Food Beverage
Percentage of Gross Receipts. The undersigned bids the following percentage of Gross Receipts (“Concession Fee”) which would be paid by the Bidder to the Aviation Authority during the Term of the Agreement of the Concession if this Bid is accepted. A Bid of percentages for Gross Receipts of less than ten percent (10%) will NOT be considered. Bid for Gross Receipt Percentages: Bid for ( %) of Gross Receipts Additional Information. NAME OF BIDDER OR
Percentage of Gross Receipts. During the term of the Agreement, Concessionaire agrees to pay to Lessor an amount equal to sixty percent (60%) of Concessionaire’s gross receipts each month. Gross receipts are defined as the aggregate amount of all vending machine sales made, and shall not include any federal, state, or municipal taxes, or other similar taxes separately stated or imposed.
Percentage of Gross Receipts. For this Concession, Proposers will submit their proposal on only the Percentage of Gross Receipts, DO NOT propose on the fixed Minimum Annual Concession Fee. Proposers with a proposed Percentage of Gross Receipts of less than 17% will not be considered.
Percentage of Gross Receipts. Pursuant to Article 5.A. of the Concession Agreement, the successful Proposer shall pay to the Aviation Authority, for each Agreement Period of the Term of the Concession Agreement, a Concession Fee, in an amount equal to the greater of: (1) the Minimum Annual Concession Fee consisting of the sum of an Annual Rental Fee and a Minimum Annual Privilege Fee, or (2) the Percentage of Gross Receipts. The Initial Minimum Annual Concession Fee is set by the Aviation Authority at Three Hundred Fifty Thousand and No/100 Dollars ($350,000.00). See Article 1 of the Concession Agreement for definitions of the above-described fees and Article 5 for additional details on the Concession Fees and how the Minimum Annual Concession Fee will be adjusted during the Term of the Concession. Proposers will submit their proposal on only the Percentage of Gross Receipts. DO NOT propose on the fixed Minimum Annual Concession Fee. A Percentage of Gross Receipts of less than 13% will NOT be considered. Proposed Percentage of Gross Receipts %