Common use of Smallwares Replacement Clause in Contracts

Smallwares Replacement. On January 1 and June 1 the Contractor is responsible for replacing damaged, lost, and missing service xxxx as required to maintain the original inventory levels. Actual replacement expenses of up to one and one-half percent (1.5 %) of Gross Receipts are considered a Direct Operating Cost and the Contractor will be solely responsible for replacements over one and one-half percent (1.5 %) of Gross Receipts as a non-Direct Operating Cost.

Smallwares Replacement. On January 1 and June 1 the Contractor is responsible for replacing damaged, lost, and missing service xxxx ware as required to maintain the original inventory levels. Actual replacement expenses of up to one and one-half percent (1.5 %) of Gross Receipts are considered a Direct Operating Cost and the Contractor will be solely responsible for replacements over one and one-half percent (1.5 %) of Gross Receipts as a non-Direct Operating Cost.

Smallwares Replacement. On January February 1 and June July 1 the Contractor is responsible for replacing damaged, lost, and missing service xxxx as required to maintain the original inventory levels. Actual replacement expenses of up to one and one-half percent (1.5 %) of Gross Receipts are considered a Direct Operating Cost and the Contractor will be solely responsible for replacements over one and one-half percent (1.5 %) of Gross Receipts as a non-Direct Operating Cost.