Reporting of Gross Sales Sample Clauses

The "Reporting of Gross Sales" clause requires a party, typically a licensee or franchisee, to regularly disclose the total revenue generated from sales of goods or services covered by the agreement. This reporting is usually done on a monthly or quarterly basis and must include all sales before deductions such as returns or discounts. The clause ensures transparency and accuracy in financial reporting, which is essential for calculating royalties, fees, or other payments owed under the contract, thereby preventing disputes and ensuring both parties have a clear understanding of the revenue involved.
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Reporting of Gross Sales. Tenant agrees to furnish to Landlord a statement of Gross Sales within twenty (20) days after the close of each calendar month, and an annual statement, including a monthly breakdown of Gross Sales, within forty-five (45) days after the close of each calendar year during the Lease Term and any partial calendar year at the beginning or end of the Lease Term; provided, however, that Tenant shall cause its store manager to orally transmit to Landlord monthly Gross Sales within ten (10) days after the close of each calendar month and annual Gross Sales within thirty (30) days after the close of each calendar year. It is agreed, however, that should Tenant fail twice during the Lease Term to submit its written report of monthly and/or annual Gross Sales within the time periods as provided for herein, then Tenant shall, for the remainder of the Lease Term, be required to submit its written monthly statements of Gross Sales within ten (10) days after the close of each calendar month and to submit its written annual statements of Gross Sales within thirty (30) days after the close of each calendar year. Such statements shall itemize all elements of Gross Sales and Gross Sales Adjustments, and shall be certified as true and correct by a Responsible Officer of Tenant. The receipt by Landlord of any statement or any payment of Percentage Rent for any period shall not bind Landlord as to the correctness of such statement or payment. Upon request, ▇▇▇▇▇▇ agrees to furnish to Landlord a copy of ▇▇▇▇▇▇'s state and local sales and use tax returns, if required in the state where the Shopping Center is located, but only to the extent such returns are limited to the business conducted upon the Premises. Tenant shall record at the time of sale, in the presence of the customer, all receipts from sales or other transactions using a cash register or computer system that cumulatively numbers and records all receipts. Tenant and its subtenants, licensees, and concessionaires, shall keep (i) full and accurate books of account and records in accordance with generally accepted accounting principles consistently applied, including without limitation, a sales journal, general ledger, and all bank account statements showing deposits of Gross Sales revenue, (ii) all cash register detail tapes with regard to all transactions of Gross Sales, and (iii) detailed original records of all Gross Sales Adjustments. Such books, receipts, and records shall be kept by Tenant for a period of three (3...
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Reporting of Gross Sales. Tenant shall submit to Landlord on or before the fifteenth (15th) day of each calendar month a complete and accurate record of Tenant's gross sales for the preceding calendar month. On or before the thirtieth (30th) day of the month following the end of each Lease Year, Tenant shall furnish to Landlord a statement certified by Tenant's corporate financial officer of the Gross Sales for the preceding Lease Year.
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Reporting of Gross Sales. In the event Tenant is not required to report gross sales in connection with the payment of percentage rent hereunder, Tenant shall be required to report Gross Sales in accordance with this Section 23.4. Within fifteen (15) days after the end of each calendar month of the term hereof, commencing with the fifteenth (15th) day of the month following the Commencement Date, and ending with the fifteenth (15th) day of the month next succeeding the last month of the Lease Term, Tenant shall furnish to Landlord a statement in writing in a form approved by Landlord, certified by Tenant to be correct, showing the total gross sales made in, upon, or from the Premises during the preceding calendar month (or fractional month at the beginning of the term if the Commencement Date is other than the first (1st) day of a month). Tenant agrees that each such statement shall be and is hereby certified to be true and correct. The term "Gross Sales" as used herein means the total gross receipts of all goods, wares and merchandise sold and leased, including the actual charges for all services performed by Tenant and fees charged by Tenant and by anyone, including any subtenant, licensee or concessionaire in, at, from, or arising out of the use of the Premises, whether wholesale or retail, whether for cash or credit, or otherwise, and including the value of all consideration other than money received for any of the foregoing, without reserve or deduction or inability or failure to collect, including, but not limited to, sales, leases and services: (i) where the orders therefor originate in, at, from, or arising out of the use in whole or in part of any portion of the Premises, whether delivery or performance is made from the Premises or from some other place and regardless of the place of bookkeeping for, payment of, or collection of any accounts; or (ii) made or performed by mail, telephone, or telegraph orders received or filled in, at, or from the Premises; or (iii) made or performed by means of mechanical or other vending machines in the Premises; or (iv) which Tenant, or any subtenant, licensee or concessionaire, in the normal and customary course of its business, would credit or attribute to its operations at the Premises, or any part thereof. [DELETE IF PERCENTAGE RENT PROVISION IS INCLUDED.]
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Reporting of Gross Sales. Tenant shall furnish Landlord with a weekly report of its daily sales at the times and in the manner that Landlord may request. If Landlord develops an automated mechanism (by computer or otherwise) to collect such daily sales reports, Tenant shall cooperate with Landlord's introduction of such automated mechanism and shall furnish such daily sales reports using such automated mechanism; provided, however, that Tenant will not be required to introduce such automated mechanism to the extent the cost thereof would be greater than One Thousand Dollars ($1,000).
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Related to Reporting of Gross Sales

  • Reporting of Sales to TIPS by Vendor The Participation Fee that was published as part of the Solicitation and the fee published is the legally effective fee, along with any fee conditions stated in the Solicitation. Collection of the fees by TIPS is required under Texas Government Code §791.011 Et seq. Fees are due on all TIPS purchases reported by either Vendor or Member. Fees are due to TIPS upon payment by the Member to the Vendor, Reseller or Vendor Assigned Dealer. Vendor, Reseller or Vendor Assigned Dealer agrees that the participation fee is due to TIPS for all Agreement sales immediately upon receipt of payment including partial payment, from the Member Entity and must be paid to TIPS at least on a monthly basis, specifically within 31 calendar days of receipt of payment, if not more frequently, or as otherwise agreed by TIPS in writing and signed by an authorized signatory of TIPS. Thus, when an awarded Vendor, Reseller or Vendor Assigned Dealer receives any amount of payment, even partial payment, for a TIPS sale, the legally effective fee for that amount is immediately due to TIPS from the Vendor and fees due to TIPS should be paid at least on a monthly basis, specifically within 31 calendar days of receipt of payment, if not more frequently. Vendor is required to report all sales under the TIPS contract to TIPS. When a public entity initiates a purchase with a TIPS Awarded Vendor, if the Member inquires verbally or in writing whether the Vendor holds a TIPS Contract, it is the duty of the Vendor to verify whether or not the Member is seeking a TIPS purchase. Once verified, the Vendor must include the TIPS Contract number on any communications and related sales documents exchanged with the TIPS Member entity. To report sales, the Vendor must login to the TIPS Vendor Portal online at ▇▇▇▇▇://▇▇▇.▇▇▇▇-▇▇▇.▇▇▇/vendors_form.cfm and click on the PO’s and Payments tab. Pages 3-7 of the Vendor Portal User Guide will walk you through the process of reporting sales to TIPS. Please refer to the TIPS Accounting FAQ’s for more information about reporting sales and if you have further questions, contact the Accounting Team at ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇-▇▇▇.▇▇▇. The Vendor or vendor assigned dealers are responsible for keeping record of all sales that go through the TIPS Agreement and submitting same to TIPS. Failure to render the participation fee to TIPS shall constitute a breach of this agreement with our parent governmental entity, Texas Education Service Center Region 8, as established by the Texas legislature and shall be grounds for termination of this agreement and any other agreement held with TIPS and possible legal action. Any overpayment of participation fees to TIPS by a Vendor will be refunded to the Vendor within ninety (90) days of receipt of notification if TIPS receives written notification of the overpayment not later than the expiration of six (6) months from the date of overpayment and TIPS determines that the amount was not legally due to TIPS pursuant to this agreement and applicable law. It is the Vendor’s responsibility to identify which sales are TIPS Agreement sales and pay the correct participation fee due for TIPS Agreement sales. Any notification of overpayment received by TIPS after the expiration of six (6) months from the date of overpayment will be non-refundable. Region 8 ESC and TIPS reserve the right to extend the six (6) month deadline to notify if approved by the Region 8 ESC Board of Directors. TIPS reserves all rights under the law to collect the fees due. Please contact TIPS at ▇▇▇▇@▇▇▇▇-▇▇▇.▇▇▇ or call (▇▇▇) ▇▇▇-▇▇▇▇ if you have questions about paying fees.

  • Reporting TIPS Sales Vendor must report all TIPS Sales to TIPS. If a TIPS sale is initiated by Vendor receiving a TIPS Member’s purchase order from TIPS directly, Vendor may consider that specific TIPS Sale reported. Otherwise, with the exception of TIPS Automated Vendors, who have signed an exclusive agreement with TIPS regarding reporting, all TIPS Sales must be reported to TIPS by either: (1) Emailing the purchase order or similar purchase document (with Vendor’s Name, as known to TIPS, and the TIPS Contract Name and Number included) to TIPS at ▇▇▇▇▇▇@▇▇▇▇-▇▇▇.▇▇▇ with “Confirmation Only” in the subject line of the email within three business days of Vendor’s acceptance of the order, or; (2) Within 3 business days of the order being accepted by Vendor, Vendor must login to the TIPS Vendor Portal and successfully self-report all necessary sale information within the Vendor Portal and confirm that it shows up accurately on your current Vendor Portal statement. No other method of reporting is acceptable unless agreed to by the Parties in writing. Failure to report all sales pursuant to this provision may result in immediate cancellation of Vendor’s TIPS Contract(s) for cause at TIPS’ sole discretion. Please refer to the TIPS Accounting FAQ’s for more information about reporting sales and if you have further questions, contact the Accounting Team at ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇-▇▇▇.▇▇▇.

  • Gross Sales Notwithstanding anything in the Lease to the contrary the definition of Gross Sales shall be as follows:

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • Reporting Period Project progress including a summary of progress, findings, data, analyses, results and field-test results from all tasks carried out in the covered period.