Non-Restaurant Sales definition

Non-Restaurant Sales means all monies (whether paid in cash, by credit card or otherwise) received as operating revenues in the ordinary course of business and derived from the sale of all goods, services, merchandise or other products which utilize the Marks (other than such sales which constitute Restaurant Sales) whether sold from the Restaurants or otherwise, and any proceeds received by any Restaurant from business interruption insurance carried thereby (to the extent not included in Restaurant Sales) less bona fide refunds to customers, the value of products given to employees or for courtesy or promotional purposes, taxes imposed and paid on customer sales and credit card fees. Non-Restaurant Sales shall exclude, however, any income from the sale of goods bearing the xxxx of other restaurants that are owned and/or managed by Licensee or any Affiliate thereof, such as Manhattan Ocean Club, Cite or Post House, notwithstanding the fact that such goods are sold from Restaurants, the NY Restaurant or elsewhere.
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Examples of Non-Restaurant Sales in a sentence

  • Except as provided in subparagraph 5(b) below, Licensee shall pay to Licensor an annual royalty (the "Percentage Royalty") of two (2%) percent of the amount of Restaurant Sales and Non-Restaurant Sales made during the calendar year for which the Percentage Royalty is being calculated.

  • When rendering such annual statements, Licensee will pay an amount, if any, equal to the difference between the total royalties paid during the calendar year and the total royalties due to Licensee for such calendar year based on the audited statement of Restaurant Sales and Non-Restaurant Sales, together with interest on such balance, if any, from the close of such calendar year at the prime rate of interest as then charged by Chase Manhattan Bank, New York (the "Prime Rate").

  • Within one hundred five (105) days after the close of each calendar year, Licensee will deliver to Licensor a true and complete audited special report, setting forth in reasonable detail, by Restaurant, the computation of the Restaurant Sales, the Non-Restaurant Sales and the amount of Percentage Royalties, if any, payable hereunder for the preceding calendar year.

  • Within one hundred five (105) days after the close of each calendar year, Licensee will deliver to Licensor a true and complete audited special report, setting forth in reasonable detail, by Restaurant and Grill, the computation of the Restaurant Sales, Grill Sales, Non-Restaurant Sales and Non-Grill Sales and the amount of the Percentage Royalty, if any, payable hereunder for the preceding calendar year.

  • Except as provided in subparagraph 5(b) below, Licensee shall pay to Licensor an annual royalty (the “Percentage Royalty”) of two (2%) percent of the amount of Restaurant Sales and Non-Restaurant Sales made during any calendar year during which Restaurant Sales or Non-Restaurant Sales are made.

  • The one percent (1%) Percentage Royalty shall, however, be payable under the provisions of this Paragraph 5.b. with respect to any Restaurant Sales or Non-Restaurant Sales during the Applicable Period until the fulfillment by Licensee of its Build Out Obligations.

Related to Non-Restaurant Sales

  • Restaurant means a business location:

  • Excluded Downtime has the meaning set forth in Section 2 below.

  • Restaurants means a business that prepares and serves food and drinks to customers.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Planned Downtime means scheduled maintenance and Software or application upgrades; or setting up a new customer or service and service modifications;

  • Approved Location means (a) a storage terminal or facility located in the United States or Canada owned by the Borrower or a Subsidiary; or (b) other storage location located in the United States or Canada identified by the Borrower by notice to the Administrative Agent for which, if requested by the Administrative Agent, the Borrower has used commercially reasonable efforts to cause the owner, operator or landlord thereof to execute and deliver, a waiver of lien, subordination agreement or similar agreement in form and substance reasonably acceptable to the Administrative Agent with respect to any inventories of Petroleum Products stored at such terminal or facility.

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “Floating Interest Period”, timing and frequency of determining Three-Month Term SOFR with respect to each Floating Interest Period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Company decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Company decides that adoption of any portion of such market practice is not administratively feasible or if the Company determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Company determines is reasonably necessary).

  • Property management system means the Contractor’s system or systems for managing and controlling Government property.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.