Fee Receipts definition

Fee Receipts means online payment receipt or the original challan receipts issued by the Government Treasury as a proof of payment or demand drafts issued by a Scheduled Commercial Bank;
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Examples of Fee Receipts in a sentence

  • If Lessee understates its Greens Fee Receipts by three percent (3%) or more, the cost of the audit shall be borne by Lessee.

  • If Lessee fails to pay any Rent and/or fails to submit a Monthly Greens Fee Receipts Statement by the date the same is due and payable, such unpaid amount will be subject to a late payment charge equal to five percent (5%) of the amount due, in each instance.

  • Lessee agrees to make its books and records available to City, or to any City auditor, or to any auditor or representative designated by City, for the purpose of examining such books and records to determine the accuracy of the Monthly Greens Fee Receipts Statements submitted by Lessee.

  • If Lessee understates its Greens Fee Receipts actually collected with actual knowledge of such understatement or by reason of gross negligence, then, in addition to paying for the cost of the audit, on the first such occasion Lessee shall pay City ten (10) times the amount of the difference between the amount City should have received and amount City actually received.

  • Along with each monthly rent payment, Lessee shall be responsible for submitting via email to the City contact listed in the Basic Lease Information section a copy of a “Concessionaires’ Payment Statement”, detailing a true and factual accounting of all Greens Fee Receipts and rent figures calculated for that month.

  • Lessee shall use and operate its business on the Premises in a first class and professional manner, and shall take all commercially reasonable steps to maximize revenue (and Greens Fee Receipts) from its operations on the Premises.

  • If an audit reveals that Lessee has understated its Greens Fee Receipts, Lessee shall pay City, promptly upon demand, the difference between the amount Lessee has paid and the amount it should have paid to City.