VENDING MACHINE PROCEEDS Clause Samples
The "Vending Machine Proceeds" clause defines how revenue generated from vending machines located on the premises is to be handled. Typically, this clause specifies whether the proceeds belong to the property owner, the tenant, or are to be shared between them, and may outline procedures for collecting, reporting, and distributing these funds. Its core function is to clearly allocate rights to vending machine income, preventing disputes and ensuring both parties understand their entitlements regarding these proceeds.
VENDING MACHINE PROCEEDS. To the extent permitted by Sound Transit, METRO agrees to lease space for 13 vending machines in RAIL facilities to an organization which will in turn contract with the UNION 14 for payment of the historical and traditional 25% of the net proceeds it receives from these vending 15 machines directly to the UNION. The UNION will then forward those monies to the Puget Sound 16 Labor Agency or the Local 587 Retirees Chapter for social, recreational and charitable purposes.
VENDING MACHINE PROCEEDS. A. To the extent permitted by Sound Transit, METRO agrees to lease space for vending machines in RAIL facilities to an organization which will in turn contract with the UNION for payment of the historical and traditional 25% of the net proceeds it receives from these vending machines directly to the UNION. The UNION will then forward those monies to the Puget Sound Labor Agency or the Local 587 Retirees Chapter for social, recreational and charitable purposes.
B. METRO will not terminate its contract with the vending organization and/or its successors as long as that organization agrees to provide the aforesaid 25% of the net proceeds.
VENDING MACHINE PROCEEDS. One half of the net proceeds from the vending machine at the bus garage will be spent at the discretion of OAPSE Local #010 officers, subject to the approval of the district's treasurer.
VENDING MACHINE PROCEEDS. A. METRO agrees to lease space for vending machines in Transit facilities to an organization which will in turn contract with the UNION for payment of the historical and traditional 25% of the net proceeds it receives from these vending machines directly to the UNION. The UNION will then forward those monies to the Puget Sound Labor Agency or the Local 587 Retirees Chapter for social, recreational and charitable purposes.
B. METRO will not terminate its contract with MERAA and/or its successors as long as that organization agrees to provide the aforesaid 25% of the net proceeds.
VENDING MACHINE PROCEEDS. ▇▇▇▇▇ agrees to lease space for vending machines in Transit facilities to an 25 organization which will in turn contract with the UNION for payment of the historical and traditional 26 25% of the net proceeds it receives from these vending machines directly to the UNION. The 27 UNION will then forward those monies to the Puget Sound Labor Agency or the Local 587 Retirees 28 Chapter for social, recreational and charitable purposes.
VENDING MACHINE PROCEEDS. 3 A. To the extent permitted by Sound Transit, METRO agrees to lease space for 4 vending machines in RAIL facilities to an organization which will in turn contract with the UNION 5 for payment of the historical and traditional 25% of the net proceeds it receives from these vending 6 machines directly to the UNION. The UNION will then forward those monies to the Puget Sound 7 Labor Agency or the Local 587 Retirees Chapter for social, recreational and charitable purposes.
8 B. METRO will not terminate its contract with the vending organization and/or its 9 successors as long as that organization agrees to provide the aforesaid 25% of the net proceeds.