Common use of DAILY RECEIPTS Clause in Contracts

DAILY RECEIPTS. A. Under the License Agreement, Licensee shall be required to maintain a daily record of all gross receipts derived from the License Operation. This record shall be available at all times. Licensee shall, upon request by Department, provide a breakdown and accounting of all sales activity for each day. Failure on the part of Licensee to maintain daily receipts shall constitute a material breach of the License Agreement subject to Suspension of Operations and/or Revocation in accordance with the terms and conditions set forth in Paragraphs 8 and 9. B. All cash, credit and debit payments received by Licensee shall be deposited into a bank with a physical presence in the State of New Jersey.

DAILY RECEIPTS. A. Under the License this Agreement, Licensee shall be required to maintain a daily record of all gross receipts derived from the License Operation. This record shall be available at all times. Licensee shall, upon request by Department, provide a breakdown and accounting of all sales activity for each day. Failure on the part of Licensee to maintain daily receipts shall constitute a material breach of the License this Agreement subject to Suspension of Operations and/or Revocation in accordance with the terms and conditions set forth in Paragraphs 8 and 9. B. All cash, credit and debit payments received by Licensee shall be deposited into a bank with a physical presence in the State of New Jersey.

DAILY RECEIPTS. A. Under the this License Agreement, Licensee shall be required to maintain a daily record of all gross receipts derived from the License Operation. This record shall be available at all times. Licensee shall, upon request by Department, provide a breakdown and accounting of all sales activity for each day. Failure on the part of Licensee to maintain daily receipts shall constitute a material breach of the this License Agreement subject to Suspension of Operations and/or Revocation in accordance with the terms and conditions set forth in Paragraphs 8 and 9. B. All cash, credit and debit payments received by Licensee shall be deposited into a bank with a physical presence in the State of New Jersey.