Monthly Accounting Period definition

Monthly Accounting Period as used herein, means calendar month beginning at 7:00 a.m. on the first day of a month and ending at 7:00 a.m. on the first day of the succeeding month.

Monthly Accounting Period means each successive calendar month during the term of this Agreement or any fraction thereof, beginning at the Effective Time and ending on the Recapture Date or the date this Agreement is otherwise terminated in accordance with Article VIII, as applicable.

Monthly Accounting Period shall have the meaning specified in Section 7.01(a).

Examples of Monthly Accounting Period in a sentence

• In the event that Direct Operating Expenses for any Monthly Accounting Period exceed Gross Receipts for such Monthly Accounting Period such that the City is unable to pay the entire amount of Management Fee due Concessionaire for that period, the amount of such shortfall (the “Shortfall Amount”) shall be carried forward to the immediately succeeding Monthly Accounting Period(s) and given first payment priority until such time as the entire aggregate Shortfall Amount has been paid.

• For each Monthly Accounting Period the Parties will effect a settlements on a net basis (the “Net Settlement”) as contemplated in Annex B hereto.

• Concessionaire shall submit to the City on or before the twentieth (20th) day of each Monthly Accounting Period such financial statements pertaining to the Catering Services rendered at the Facilities, as required by the City to substantiate Gross Receipts, Direct Operating Costs and Net Profits.

• The Reserve Funds will be reconciled and a summary will be generated for both the City and Concessionaire at the close of each Monthly Accounting Period.

• Spectra shall provide to City, within twenty (20) days following the end of each Monthly Accounting Period, financial reports regarding its provision of Food and Beverage Services during such Monthly Accounting Period, including a statement showing Gross Receipts for the applicable period, as set forth in Section 3.1 above.

More Definitions of Monthly Accounting Period

Monthly Accounting Period means for each month, the relevant weekly period within the quarterly accounting period used by the Group, consisting of two consecutive four week periods followed by a five week period.

Monthly Accounting Period means each calendar month during the term of this Agreement or any fraction thereof ending on the date this Agreement is terminated in accordance with Section 5.2.

Monthly Accounting Period means each calendar month; provided, that the initial Monthly Accounting Period shall commence on the Closing Date and end on January 31, 2021, and the final Monthly Accounting Period shall commence on the first day of the calendar month in which the date upon which this Agreement terminates falls and end on the date on which this Agreement terminates.

Monthly Accounting Period means monthly with the period ending on the last day of each calendar month.

Monthly Accounting Period means each calendar month during the term of this Agreement, except that (a) the first Monthly Accounting Period will begin on the Closing Date and end on the last calendar day of the calendar month in which the Closing Date occurs and (b) the last Monthly Accounting Period will end on the date that this Agreement terminates in accordance with Article IX.

Monthly Accounting Period means each of the twelve periods per annum for which the Borrower is required to prepare consolidated monthly management accounts for the purpose of this Agreement;

Monthly Accounting Period. “Monthly Settlement Statement”