Excess Revenues Sample Clauses

The Excess Revenues clause defines how any revenues generated beyond a specified threshold are to be handled within an agreement. Typically, this clause outlines the process for calculating excess revenues, identifies the parties entitled to share in these additional funds, and may set forth the timing and method of distribution. For example, in a joint venture, if project income exceeds projections, the clause would dictate how the surplus is split between partners. Its core practical function is to ensure transparency and fairness in the allocation of unexpected or surplus income, thereby preventing disputes over unanticipated financial gains.
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Excess Revenues. Should the annual revenues received from all sources under Section 7.3.1, Participant and User Payments, exceed actual annual Intertie Costs, the revenues in excess of the Intertie Costs shall be allocated to the contributing Participants and Users in proportion to the total dollar amount paid by all parties for use of the Intertie in the fiscal year, or portion thereof, in which the revenues were accrued. The IMC shall authorize AEA to refund the Participants and Users their proportionate share of this excess.
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Excess Revenues. The village will retain any excess of revenues over expenditures in a year in a segregated ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ fund which shall be used exclusively for purposes consistent with this article.
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Excess Revenues. All payments paid by City of ▇▇▇▇▇▇▇▇, Nebraska under the Series A Note and all other payments or distributions of Pledged Revenues shall be paid to the Lead Lender. Any payment received under the Series A Note in excess of the scheduled payment under this Note shall be used to prepay principal hereunder, without any prepayment penalty to ▇▇▇▇▇▇▇▇, in accordance with Section 7(d) of the Loan Agreement.
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Excess Revenues. The IMC shall determine Excess Revenues for Intertie Operating Costs independent from Intertie Administrative Costs. 7.4.4.1 Should the annual revenues received from all sources for Intertie Operating Costs under Section 7.4.1, Participant and User Payments, exceed actual annual Intertie Operating Costs, the revenues in excess of the Intertie Operating Costs shall be allocated to the contributing Participants and Users in proportion to the total dollar amount paid by all parties for use of the Intertie in the fiscal year, or portion thereof, in which the revenues were accrued. 7.4.4.2 Should the annual revenues received from all sources for Intertie Administrative Costs under Section 7.4.
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Excess Revenues. To the extent Revenue for each Seminar exceeds the Costs to produce and distribute the Seminar; those “Excess Revenues” shall be divided and distributed equally among CNF and EPF. Distributions of Excess Revenues shall be made as of the 15th day of the month following the receipt of the final request for reimbursement Costs for an individual Seminar.
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Excess Revenues. The town will retain any excess of revenues over expenditures in a year in a segregated ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ fund which shall be used exclusively for purposes consistent with this article. (Ord. No. 2011-02, § 1, 7-11-2011)
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Related to Excess Revenues

  • Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.

  • Gross Revenue The Gross Revenue shall be inclusive of installation charges, late fees, sale proceeds of handsets (or any other terminal equipment etc.), revenue on account of interest, dividend, value added services, supplementary services, access or interconnection charges, roaming charges, revenue from permissible sharing of infrastructure and any other miscellaneous revenue, without any set-off for related item of expense, etc.

  • Excess Cash Flow In the event that there shall be Excess Cash Flow in excess of $2,500,000 for any Fiscal Year, the Borrower shall, not later than the tenth Business Day following the date that is ninety days after the end of such Fiscal Year, prepay the Loans in an aggregate amount equal to 50% (provided that (i) such prepayment percentage shall be 25% if, as of the last day of the most recently ended Fiscal Year, the Senior Secured Net Leverage Ratio (determined for any such period by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Senior Secured Net Leverage Ratio as of the last day of such Fiscal Year) shall be 1.80:1.00 or less and (ii) no such prepayment shall be required by this clause (e) if the foregoing Senior Secured Net Leverage Ratio as of the last day of such Fiscal Year shall be 1.30:1.00 or less) of the entire Excess Cash Flow for such Fiscal Year minus 100% of voluntary repayments of the Loans made during such Fiscal Year with Internally Generated Cash; provided, that, if at the time that any such prepayment would be required, the Borrower is required to repay or repurchase or to offer to repurchase or repay Senior Secured Debt permitted pursuant to Section 6.1 pursuant to the terms of the documentation governing such Indebtedness with all or a portion of such Excess Cash Flow (such Senior Secured Debt required to be repaid or repurchased or to be offered to be so repaid or repurchased, “Other Applicable ECF Indebtedness”), then the Borrower may apply such Excess Cash Flow on a pro rata basis to the prepayment of the Loans and to the repayment or re-purchase of Other Applicable ECF Indebtedness, and the amount of prepayment of the Loans that would have otherwise been required pursuant to this Section 2.10(e) shall be reduced accordingly (for purposes of this proviso pro rata basis shall be determined on the basis of the aggregate outstanding principal amount of the Loans and Other Applicable ECF Indebtedness at such time, with it being agreed that the portion of Excess Cash Flow allocated to the Other Applicable ECF Indebtedness shall not exceed the amount of such Excess Cash Flow required to be allocated to the Other Applicable ECF Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such net proceeds shall be allocated to the Loans in accordance with the terms hereof); provided further, that to the extent the holders of Other Applicable ECF Indebtedness decline to have such indebtedness repurchased or prepaid, the declined amount shall promptly (and in any event within ten Business Days after the date of such rejection) be applied to prepay the Loans in accordance with the terms hereof.

  • Gross Receipts The entire amount of all receipts, determined on a cash basis, from (a) tenant rentals collected pursuant to tenant leases of apartment units, for each month during the term hereof; provided that there shall be excluded from tenant rentals any tenant security deposits (except as provided below); (b) cleaning, tenant security and damage deposits forfeited by tenants in such period; (c) laundry and vending machines income; (d) any and all other receipts from the operation of the Project received and relating to the period in question; (e) proceeds from rental interruption insurance, but not any other insurance proceeds or proceeds from third-party damage claims, and (f) any other sums and charges collected in connection with termination of the tenant leases. Gross Receipts also does not include the proceeds of (i) any sale, exchange, refinancing, condemnation, or other disposition of all or any part of the Project, (ii) any loans to Owner whether or not secured by all or any part of the Project, (iii) any capital expenditures or funds deposited to cover costs of operations made by Owner, and (iv) any insurance policy (other than rental interruption insurance or proceeds from third-party damage claims).

  • Excess Sales If the number or amount of Contract Securities attributable to an Underwriter pursuant to Section 4.1 hereof would exceed such Underwriter’s Original Underwriting Obligation reduced by the number or amount of Underwriters’ Securities sold by or on behalf of such Underwriter, such excess will not be attributed to such Underwriter, and such Underwriter will be regarded as having acted only as a Dealer with respect to, and will receive only the concession to Dealers on, such excess.