Examples of Gross Sale Proceeds in a sentence
Project agreements indicate, and the Manager has confirmed, that where 'Gross Sale Proceeds' are insufficient, Growers will be invoiced for the shortfall.
That part of the 'Gross Sale Proceeds' from the Project attributable to the Grower's produce, less any GST payable on those proceeds (section 17-5), when derived will be assessable income of the Grower under section 6-5.
The Responsible Entity must ensure that the Gross Sale Proceeds are deposited into the Proceeds Fund (clause 18 of the Lease and Management Agreement).
At the agreed intervals for payment, typically on a monthly basis, we remit the Gross Sale Proceeds (after deducting all relevant fees and expenses owed to us) to the concessionaires.
For purposes of this transaction, Net Sale Proceeds is equal to Gross Sale Proceeds paid to the Developer reduced by the costs of sale including, but not limited to, sales commissions, escrow fees, and other costs of closing.