Monthly Gross Receipts definition

Monthly Gross Receipts shall include the entire amount of all Rental Income and additional revenues derived from the Project other than the Excluded Items, including all receipts, determined on a cash basis, from:

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Monthly Gross Receipts in respect of a month shall mean:

Monthly Gross Receipts means in respect of each month of each Contract Year, the gross proceeds as received or receivable by the Contractor from its operation of the Business plus all other incomes (except proceeds arising from the sale of capital assets belonging to the Contractor) deriving from or in respect of the operation of the Business and shall be free and clear of any deduction of whatsoever nature. “Museum Visitor Parking Period” means from 9:30 a.m. to 7:30 p.m. of the same day or a period as notified by the Government Representative. “Museum Visitor” means a member of the public who produces the Leisure and Cultural Services Department Museum Pass or any other forms of admission for and issued by the Venue covering the day on which he is authorized to be admitted to an exhibition and/or activity held in the Venue. “Original Tender Closing Date” means the date specified in the Lodging of Tender at the Tender Form as the date for submission of tender regardless of any extension. “Overnight Parking Period” means after 8:00 p.m. of a day until before 8:00 a.m. of the following day. “Parking Charges”(upper or lower case) means the amounts chargeable by the Contractor for car parking at the Licence Area during the Contract Period at the rates specified in the Fourth Schedule. “Permit” means a “Disabled Person’s Parking Permit” issued by the Transport Department of the Government. “Permitted Vehicles” means the types of vehicles as specified in the fourth column of the Third Schedule. “person” means any individual, corporation, partnership and firm. “Price Proposal” means the proposal known as “Price Proposal” to be submitted under Clause 4.1(a) of the Terms of Tender. “Reserved Car Parking Spaces” means the car parking spaces as designated in the Sixth Schedule and as delineated in Annex C for the exclusive use of the Government and its approved users free of any parking charges. “Schedules” or “Contract Schedule” means any of the First to Eleventh Schedules.

Examples of Monthly Gross Receipts in a sentence

The Reimbursable Expenses then owed shall be deducted each month from the Monthly Gross Receipts to be paid to Owner pursuant to this Agreement.
If any such Reimbursable Expenses are a part of the Approved Operating Expenses and are paid by Manager and not from Monthly Gross Receipts on hand, then Owner agrees to reimburse such amounts to Manager.
The Management Fee shall be deducted each month from the Monthly Gross Receipts to be paid to Owner pursuant to this Agreement.
At the election of Manager, and upon prior written notice to Owner, Manager may satisfy any permitted advances made by Manager, together with the interest due thereon, from the Monthly Gross Receipts of the Project.
The Close Out Fee shall be deducted from the final month’s Monthly Gross Receipts to be paid to Owner.
All Monthly Gross Receipts from the Project, after deducting Approved Operating Expenses, Reimbursable Expenses and the Management Fee, shall be deposited by Manager into one or more deposit accounts designated by Owner (each a “Depository Account”).
The Close Out Fee shall be deducted from the final month's Monthly Gross Receipts to be paid to Owner.
All Monthly Gross Receipts from the Project, after deducting Approved Operating Expenses, Reimbursable Expenses and the Management Fee, shall be deposited by Manager into one or more deposit accounts designated by Owner (each a "Depository Account").
Percentage Rent (as shown in the Basic Lease Information) shall be calculated for such calendar month based on the Monthly Gross Receipts Statement and, if the amount so calculated exceeds the monthly Base Rent, such Percentage Rent shall be payable in accordance with Section 5.1 above.
The Landlord may at any time at its own expense appoint auditors or agents to check the Monthly Gross Receipts of the Tenant’s business.

More Definitions of Monthly Gross Receipts

Monthly Gross Receipts means, with respect to any calendar month, the aggregate gross amount of all payments received by the Company and its Subsidiaries in respect of their respective Debit Accounts Receivable during such calendar month.

Monthly Gross Receipts means, with respect to any calendar month, the aggregate gross amount of all payments received by Holdco and its Subsidiaries in respect of their respective Debit Accounts Receivable during such calendar month.

Monthly Gross Receipts means the total monthly revenues received by Tenant from its operation and use of the Premises including, without limitation, (a) sums for the parking or storage of motor vehicles, whether on an hourly, daily, weekly, monthly or other basis, (b) any late fees for delinquent parking charges, (c) business interruption insurance proceeds, and (d) any shortfall payment received from Landlord as provided in Section 3.02(e). If any revenues for the use of the Premises are mistakenly remitted by the user directly to Landlord, L▇▇▇▇▇▇▇ agrees to promptly remit all such revenues to Tenant. Notwithstanding the foregoing, however, there shall be excluded from Monthly Gross Receipts those (i) amounts payable by Tenant to any governmental authority on account of parking taxes, sales or use taxes, service taxes or similar taxes or charges imposed or assessed relative to the use and operation of the Premises, including without limitation any amounts payable by Tenant pursuant to Section 4.04 above; (ii) credit card, debit card, electronic funds transfer or other payment processing fees; and (iii) fees for use of customer-facing technology solutions including, without limitation, Sphere Commerce™ or P▇▇▇▇▇▇.▇▇▇ (if applicable).

Monthly Gross Receipts in respect of a month shall mean the gross proceeds or revenue received or receivable by the Contractor in respect of the Business in respect of that month without any deduction whatsoever (except as expressly allowed under(a) below) and which include: