TIF Revenues. On or before each January 15 and July 15, commencing upon the first January 15 or July 15 after receipt of the TIF Revenues, the Trustee shall deposit to the Expenditure Agreement Fund all of the TIF Revenues, for the payment of the principal of the Expenditure Agreement on the immediately succeeding February 1 or August 1 (taking into consideration any amounts currently deposited therein) together with Trustee fees coming due within the next six (6) months. Any remaining TIF Revenues shall be applied by the Trustee as follows: (a) first, to pay any overdue principal and interest on outstanding Expenditure Agreement, with interest continuing to accrue on such overdue amounts at the stated rate on such Expenditure Agreement until paid, and (b) second, to redeem outstanding Expenditure Agreement in accordance with Section 5.1 hereof or to be held as additional reserves for payment of debt service on the Expenditure Agreement, as directed by the Foundation.

TIF Revenues. TIF Revenues means the incremental real property tax revenues, that are collected in Xxxxxxxxxx Xxxx #0 and pledged to the payment ofthe EDC Bonds.

TIF Revenues. Waupaca covenants that all incremental real property taxes, Differential Payments, and personal property taxes generated by the Project shall be held by Waupaca in an interest- bearing, segregated revenue stabilization fund (the "Fund'). Waupaca's obligations under this section will terminate at the same time as the termination of XXXXXXXX PROPERTIES, LLC's obligations under this Agreement. Notwithstanding anything to the contrary in this Agreement, (a) if any TIF Revenues remain in the Fund any time a Differential Payment would otherwise be due under this Agreement, the amount of the Differential Payment due and owing shall be reduced by the withdrawal and application of the amount of such TIF Revenues remaining in the Fund, and (b) if XXXXXXXX PROPERTIES, LLC has made any Differential Payment under this Agreement for any tax year, and for any subsequent tax year (the "Subsequent Tax Year") there remains TIF Revenues in the Fund, Waupaca shall reimburse XXXXXXXX PROPERTIES, LLC within 30 days after the end of the Subsequent Tax Year(s), in the amount of the Differential Payment made, but in no event more than the amount of TIF Revenues remaining in the Fund.

TIF Revenues. The Clerk-Treasurer of the Issuer shall set aside immediately upon receipt TIF Revenues into the Allocation Fund as created by IC 36-7-14. On or before each January 15 and July 15 commencing with 15, 20 , the Issuer shall transfer from the Issuer's Allocation Fund to the Trustee, all TIF Revenues received. The Trustee is hereby directed to transfer to the Bond Fund on each January 15 and July 15 all TIF Revenues received, and shall use such amounts deposited to the Bond Fund in accordance with Section 4.2 hereof. Any amount of the TIF Revenues remaining after the deposits to the Bond Fund shall be used to optionally redeem, on such January 15 or July 15, the outstanding Bonds in accordance with Section 5.1 hereof, or by the Issuer for such other lawful purposes for which the Issuer receives the prior written consent of the Company.

TIF Revenues. Waupaca covenants that all incremental real property taxes, Differential Payments and personal property taxes generated by the Project shall be held by Waupaca in an interest-bearing, segregated revenue stabilization fund (the “Fund’). Waupaca’s obligations under this section will terminate at the same time as the termination of Presto’s obligations under this Agreement. Notwithstanding anything to the contrary in this Agreement, (a) if any TIF Revenues remain in the Fund any time a Differential Payment would otherwise be due under this Agreement, the amount of the Differential Payment due and owing shall be reduced by the withdrawal and application of the amount of such TIF Revenues remaining in the Fund, and (b) if Presto has made any Differential Payment under this Agreement for any tax year, and for any subsequent tax year (the “Subsequent Tax Year”) there remains TIF Revenues in the Fund, Waupaca shall reimburse Presto within 30 days after the end of the Subsequent Tax Year(s), in the amount of the Differential Payment made, but in no event more than the amount of TIF Revenues remaining in the Fund.

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Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.
Gross Revenue 16.1.1 For the purposes of this PPP Agreement and its Schedules, Gross Revenue shall be defined as:
Gross Receipts The entire amount of all receipts, determined on a cash basis, from (a) tenant rentals collected pursuant to tenant leases of apartment units, for each month during the term hereof; provided that there shall be excluded from tenant rentals any tenant security deposits (except as provided below); (b) cleaning, tenant security and damage deposits forfeited by tenants in such period; (c) laundry and vending machines income; (d) any and all other receipts from the operation of the Project received and relating to the period in question; (e) proceeds from rental interruption insurance, but not any other insurance proceeds or proceeds from third-party damage claims, and (f) any other sums and charges collected in connection with termination of the tenant leases. Gross Receipts do not include the proceeds of (i) any sale, exchange, refinancing, condemnation, or other disposition of all or any part of the Project, (ii) any loans to Owner whether or not secured by all or any part of the Project, (iii) any capital expenditures or funds deposited to cover costs of operations made by Owner, and (iv) any insurance policy (other than rental interruption insurance or proceeds from third-party damage claims).
Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):
Revenues 1. Earnings generated during the project implementation through the sales of products and merchandise, participation fees or any other provisions of services against payment must be deducted from the amount of costs incurred by the project in line with Art 61 of Regulation 1303/2013 and stipulations in the programme implementation manual.
Dues Receipts At the same time that Income Tax (T-4) slips are made available, the Employer shall type on the amount of union dues paid by each Union member in the previous year.
Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.
Net Operating Income For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees in occupancy paying rent (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees and termination fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of REIT and its Subsidiaries, any property management fees and non recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to three percent (3.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment or other material obligations under their lease, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding.
Cash Receipts (a) Annexed hereto as Schedule 2.22(a) is a list of all present DDAs, which Schedule includes, with respect to each depository (i) the name and address of that depository; (ii) the account number(s) maintained with such depository; and (iii) to the extent known, a contact person at such depository.
Gross Sales Notwithstanding anything in the Lease to the contrary the definition of Gross Sales shall be as follows:

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