Operating Revenue Clause Samples
Operating Revenue. The fee to be paid to the TRC under Article 2.2 of the License Agreement shall be net of service tax and calculated based on the operating revenues of the Licensee. The operating revenues are calculated after the deduction of the balance of amounts due to other interconnected licensees and international carriers, in respect of interconnecting capacity and/or traffic between the Licensee and these operators and in accordance with the following formula: Operating Revenue = A + (B - C), where
A: Total annual sales of the Licensed Activities to the Licensee’s Customers net of service tax.
B: The annual aggregate receivables from international carriers and interconnected licensees for the interconnection capacity or traffic originating from their customers and destined to Customers on the Licensee’s network.
C: The annual aggregate payables by the Licensee to international carriers and interconnected licensees for interconnection capacity or the traffic originating from the Licensee’s network and destined to the customers of the international carriers or licensees.
Operating Revenue. Section 3.11 of FrontierVision's Disclosure Schedule sets forth the approximate "Operating Revenue" of the Systems on a consolidated basis as of the date indicated therein, as "Operating Revenue" is defined therein.
Operating Revenue. “Operating Revenue” means all income or revenues generated by, derived from, attributable to, or related to the operation of transit services under this Agreement, regardless of the date of collection, including, without limitation, passenger fares, passenger donations, and revenue from any other sources made available to Contractor from the transit services provided by Contractor. Operating Revenue does not include payments from the City under this agreement.
Operating Revenue. 2.1.1 As used herein, the term Operating Revenue shall mean and refer to all revenue received by City of Raleigh during the term of this Contract as a direct result of the operation of the Wake Forest Circulator Transit Service and any revenue received by the City of Raleigh in the form of guaranteed passes and passenger fares specifically designated for the operation of the Wake Forest Circulator Transit Service.
2.1.2 Operating revenues shall be generated from farebox revenues or from GoPass Contracts between the Town and the City.
2.1.3 The City shall retain all fares received as operating revenue in support of the service. In the event additional fares are collected beyond the total cost of the service, a proportional refund (percentage based on the Town’s individual financial commitment compared to the total financial participation) will be provided to the Town.
Operating Revenue. ▇▇▇▇▇▇▇▇▇ County shall serve as fiscal agent for the Commission. The Commission shall prepare an annual budget and submit same, along with any funding requests, to the governing board of each participating unit on or before February 1 of each year for consideration in the upcoming fiscal year's budget. Funding of the Commission requests shall be at the discretion of each participating unit from year to year. It is specifically noted that it is the preference of the participating governmental units that all funding requests be made in accordance with this Section VIII.
Operating Revenue. Cubs will have the exclusive right to sell and retain all revenue from tickets, suites and all other admissions charges, concessions, retail sales, merchandise, sponsorships, advertising, signage, parking and any other revenue of any sort generated from the Stadium and the Ancillary Stadium Facilities and, to the extent related to Cubs, the Other Facilities, subject to current sales taxes.
Operating Revenue. Seller shall receive all operating revenue from the Business through Closing, and Buyer will pay to Seller an additional Two Thousand Five Hundred Dollars ($2,500.00) as a one-time payment due the earlier of Closing or 5:00 PM CST on Friday, November 30, 2018. Such one-time payment shall be deemed earned when paid, shall be non-refundable, and shall not be credited against the Purchase Price.
Operating Revenue. Lessor confirms and agrees that Net Operating Surplus shall not include the results of operations of the Spa Tenant.
Operating Revenue. (Exhibit 3)
3.1. Is the load forecast appropriate? Supporting Parties: WNH, ▇▇▇▇▇▇ ▇▇▇▇▇, SEC, VECC Evidence: Exhibit 3, Pages 5 to 26, Appendix A-C Interrogatory responses ▇▇▇▇▇▇ ▇▇▇▇▇ IR # 15, 16, 17, 18, 19, 20, 24, TCQ # 7, 8, 9, 10, 11 Interrogatory response VECC IR # 1, 3, 4, 5, 6, 7, 8, 9, 10, TCQ # 1, 5, 6, 7 For the purposes of obtaining complete settlement of all issues, the parties agree that W N H ’s proposed 2011 Test Year load forecast is to be increased by 22,264,517 kWh to a total of 1,451,447,141 kWh (see Appendix D), up from 1,429,182,624 kWh in the pre-filed Evidence (Exhibit 3, Page 21), reflecting the following adjustments: • The customer count for the Residential Class will be increased by 350 in 2010 and 700 in 2011 to reflect the actual number of customers in this rate class as of December 31, 2010 and to adjust the forecast for 2011; • The customer count for the General Service Less than 50 kW Class will be increased by 29 in 2010 and 58 in 2011 to reflect the actual number of customers in this rate class as of December 31, 2010 and to adjust the forecast for 2011; • The 2011 kWh consumption for the metered customer classes will be reduced to one tenth (1/10th) of WNH’s OEB/OPA directed CDM target of 66.49 GWhs; • The OPA CDM Savings used in the Application (at Exhibit 3, Table 3-13A), will be adjusted to 5,366.07 GWh in 2010 and 0 GWh in 2011. • The Average Percentage Ratio is to be used for the calculation of the kW/kWh ratio for the Large Use (Ratio of .1932%) and Street Light Rate Classes (Ratio of .2802%) and the General Service Greater than 50 kW will continue to be calculated using the Trend Function (Ratio of.2251%); and • The average of the 2003-2009 loss factor of 1.039 will be used for the purposes of converting the Predicted Purchased kWh to Billed kWh. The agreed-upon load forecast is also used in the updated cost of power calculation (see Appendix C) of this Agreement, in the billing determinants in cost allocation and rate design, and in the updated bill impact tables (see Appendix K). The Parties have agreed that any revenue deficiency or sufficiency resulting from the implementation of the CDM Target adjustment may be recovered through an LRAM application and the Intervenors will not oppose the filing of such an application. All parties may take such positions as they consider appropriate with respect to the particulars of any such application. The Parties recognize that if the Board decides on an adjustment mechan...
Operating Revenue. The DRCS shall be operationally funded pursuant to Section 228.053, Florida Statutes, and other applicable sections. The basis of the operational funding shall be the sum of the DRS operating funds from the Florida Education Finance Program (FEFP) as provided in Section 236.081, Florida Statutes, and the General Appropriations Act and all applicable categorical funds, grants and other funds. The DRCS through the FSUS, Inc. shall be responsible for collecting and reporting data necessary to project, receive and account for state and other funds. The FSUS, Inc. shall develop and administer whatever policies and procedures are necessary to ensure compliance with applicable state financing statutes, 228.053 (9), rules or requirements and generally accepted accounting practices.