Project 1 Gross definition
Project 1 Gross means those Fee gross revenues derived from Project 1 and "Gate 2 Gross" means the Fee gross revenues derived from Gate 2. The aggregate of the Project 1 Gross and Gate 2 Gross for any period will never be less than Fee gross revenues for the same period. There shall be a reasonable allocation of Fee gross revenues between Project 1 and Gate 2 of those gross revenues which have a clear genesis in both areas. In those instances in which the Partnership grants licenses, concessions or similar rights in connection with the Project 1 and/or Gate 2, the gross revenues received by the licensee, concessionaire or similar entity shall, for the purposes of this Section 20, be deemed Fee gross revenues received by the Partnership and any "key money," license fee, commission or other consideration paid to the Partnership by such licensee, concessionaire or similar entity shall not be included in the Partnership's Fee gross revenues.
Examples of Project 1 Gross in a sentence
The aggregate of the Project 1 Gross and Gate 2 Gross for any period will never be less than Fee gross revenues for the same period.
The term "Project 1 Gross" means those Fee gross revenues derived from Project 1 and "Gate 2 Gross" means the Fee gross revenues derived from Gate 2.