Store Sales definition
Store Sales means, with respect to each Property, the aggregate selling prices of all merchandise sold or delivered in, at, on or from any part of such Property and the charges for all services of any sort (including receipts from vending machines and revenues from the rental of merchandise), sold or performed in, at, on or from any part of the Property. Store Sales includes sales and charges for cash or credit, regardless of collection in the case of the latter. Store Sales excludes (i) refunds made by the retail operator at such Property to its customers for merchandise returned to such retail operator, (ii) exchanges of merchandise between stores of Borrower or such retail operator (or Borrower's or such retail operator's affiliates) where such exchanges are made solely for the convenient operation of such retail operator's business and not for the purpose of consummating a sale at another location that has been made, in fact, at, in, on or from the Property, and (iii) the amount of any city, county or state sales tax on such sales paid to a taxing authority by Borrower or such retail operator (but not by any vendor of such retail operator). A Store Sale shall be deemed to be made in the Property if (x) an order therefor is secured or received in the Property, or (y) pursuant to mail, telegraph, telephone or other similar means, orders are received or filled at or from the Property.
Store Sales means all receipts of your business, including all amounts received on a cash, credit or time basis, and including the value of all products or services received for products or services provided, without reserve or deduction for inability to collect, but excluding excise, sales and use taxes, gross receipts taxes or similar taxes separately stated to and collected from customers for transmittal to appropriate taxing authorities, and also excluding bona fide discounts and refunds to customers. Coupons (gift or other) generate receipts included in Store Sales upon sale to customers, but not when customers redeem them. “Gross Sales” means Store Sales, plus the value of bona fide discounts to customers and the value of coupons (gift or other) redeemed by customers.
Store Sales as used in Chart 1, means the entire revenues of the Store from product sales including sales taxes and with no reduction for discounts. “Post-Tax Sales,” as used in the other Charts means the entire revenues of the Store, less sales taxes, but not including any reduction for discounting. “Gross Sales,” as used in the Franchise Agreement, means all revenues of the Store minus sales taxes paid, discounts, and refunds.