NET BASE FEE definition
NET BASE FEE means one-half the product obtained by multiplying the NOI for the Relevant Period times a fraction, the numerator being Gross Revenue less amounts received or receivable by the Parties pursuant to the Franchise Business (the "GOI") on the CPLP/NLC Hotels subject to a section 3.3(c) termination during the Relevant Period, and the denominator being the GOI for all Hotels during the Relevant Period;
NET BASE FEE means the total Base Fees charged to an Eligible Recipient prior to [**] after reduction for Cost Savings Sharing and/or Base Fee Reductions (both as defined in the Legacy Agreement).