Operating Receipts definition
Operating Receipts or “Revenue” is the total revenue generated by the Contractor under this Contract, including but not limited to revenue for all parking sales and other sales of goods and services, whether paid for by cash, credit, or otherwise, except amounts authorized by the Authority for credit and refund to customers.
Operating Receipts means cash received by a budget unit for services rendered, or from the sale of materials, goods, or supplies created by the budget unit or of items held for resale.
Operating Receipts including (i) all cash revenues and receipts from the operation or leasing of the Project, including rent receipts and all other revenues from operation of the Project, interest income, amounts released from reserves (including the Project Reserve and the Tax and Insurance Escrow) not used for the purpose of such reserves, property tax refunds, forfeited tenant security deposits, and lease termination payments, and (ii) any Excluded Asset Proceeds, as provided for in Section 8.12.3; or
Examples of Operating Receipts in a sentence
The Contractor shall notify the Contracting Officer, COTR, or his/her designee and the Airport Police by telephone immediately of any lost, stolen, or unaccounted-for Operating Receipts equal to or greater than One Hundred Dollars ($100), followed by a written report prepared in accordance with Section 4.11(b) herein within twenty-four (24) hours after the telephonic notice.
The Contractor shall furnish to the Authority no later than the twentieth (20th) day of each Calendar Month, a Monthly Certified Statement of Operating Receipts and Reimbursable Expenses (Statement) for the previous Calendar Month.
The Contractor shall completely and accurately account for all Operating Receipts generated under this Contract.
The Authority’s remedies for Operating Receipts due to the Authority by Contractor are not limited to Management Fee deductions.
If the certification described in Section 6.07(d)(4) above indicates that any of the Operating Receipts required to be collected by the Contractor hereunder have not been collected, the Contractor shall immediately pay to the Authority a sum equal to the difference between the amount of such Operating Receipts that should have been collected and/or deposited with interest thereon as specified under Section 6.05 hereof.
More Definitions of Operating Receipts
Operating Receipts means the sum of all cash receipts received by the Borrower and its Subsidiaries during the relevant period of determination (other than proceeds of the Term Loans and, except to the extent consistent with the Approved Budget, sales, leases or other dispositions outside of the ordinary course of business of the Borrower and its Subsidiaries), as set forth on, and determined in a manner consistent with, the Approved Budget. For the avoidance of doubt, “Operating Receipts” shall exclude any discounts, holdbacks or other reductions.
Operating Receipts has the meaning as set forth in Section 4.7.6.
Operating Receipts means cash and cash equivalents (assets readily convertible into cash) that are received by Tenant as a result of its operation of the Coliseum Property, including (without limitation) those representing (a) rental receipts (but in the case of USC Home Football Games or other athletic events for Tenant’s collegiate teams, limited to a market percentage of gate receipts (and subject to the Ticket Price Exclusions described below), which the parties acknowledge are typically eight percent (8%) for college football games as of the Commencement Date); (b) proceeds of the sale of naming rights (subject to the limitations set forth in Section 9.2 and 9.3) (of this Agreement or the Prior Agreement); (c) any imputed rent from an NFL team calculated pursuant to Section 6.2(b) (of this Agreement or the Prior Other Property has the meaning set forth in Section 2.2.
Operating Receipts means the sum of (i) all cash receipts of the Partnership from all sources for such period, other than Net Cash Flow from Capital Transactions and Capital Contributions, plus (ii) any amounts held as reserves as of the last day of the period immediately prior to such fiscal period that the General Partner deems to no longer be necessary for any capital or operating expenditure permitted hereunder. The term "Expenditures" means the sum of (a) all expenses of the Partnership of any nature for such period other than expenses that are capitalized under GAAP and considered in the calculation of Net Cash Flow from Capital Transactions, (b) all amounts attributable to principal payments and interest on account of any indebtedness of the Partnership including principal payments and interest on account of any indebtedness owed to a Partner during such period, (c) any amounts attributable to reserves (including, without limitation, reserves for expenses which may be paid on an annual, semi-annual or other basis which occurs less frequently than the fiscal period of the Partnership in question) which the General Partner in its sole discretion deems necessary for any capital or operating expenditures permitted hereunder or reserves for any other purpose that the General Partner in its sole discretion shall determine to be appropriate, and (d) any amounts attributable to working capital accounts or other cash or similar balances which the General Partner determines to be necessary or appropriate in its sole discretion.
Operating Receipts means Gross Income from Operations from operation of the Mortgaged Properties received by or on behalf of Borrower in the form of cash.
Operating Receipts for a particular period means all rents, fees, and other sums actually paid to the Phase IIB Developer during such period for occupancy, use or operation of the Phase IIB Market Rate Owner Improvements, including, but not limited to, amounts paid to the Phase IIB Developer from parking, vending, utility or other concessions in the Phase IIB Market Rate Owner Improvements. Gross Receipts will also include, but not be limited to (but only to the extent actually received by or for the benefit of the Phase IIB Developer in a particular period for such occupancy, use or operation) any condemnation awards or rental insurance proceeds paid in lieu of rent (but not other casualty proceeds or condemnation awards). Operating Receipts shall not include the proceeds of any loan made to Phase IIB Developer (including, without limitation, any proceeds realized from the Tax Exempt Note Loan, any Development Deficit Advance and/or any Operating Deficit Advance), the proceeds of any equity contribution made to the Phase IIB Developer by any member thereof (including, without limitation, the proceeds of any tax credit equity contributions), or security deposits received from any sub-tenant of the Phase IIB Market Rate Owner Improvements until applied by the Phase IIB Developer.
Operating Receipts means the Borrower’s and its Subsidiaries’ consolidated cash operating receipts.