Payments to the District Sample Clauses

Payments to the District. The Partnership will pay to the District the following payments (which payments shall not be set-offagainst any sums due to the Partnership from the District hereunder) for the Tenn and Grace Term: (a) The District shall provide an accounting by January 31 of each year of its actual operating expenditures for the previous year. If actual operating expenses are greater than the amount paid or provided to the District pursuant to Sections 4.2(b), 4.2(c), 5.2(d) and 8.9(b) of this Agreement for any year during the Term or Grace Term, the Partnership shall promptly pay any additional sum to the District necessary to insure that all of the District's actual operating costs are reimbursed to the extent provided for in this Section 4.2 (subject to the $150,000.00 annual limitation, as adjusted). Any such reimbursement or additional payment shall be made no later than February 15 of each year. (b) The Partnership shall pay the District an annual rental payment of $1,000,000 during each year of the Tenn. Payment of $500,000 shall be made on September 15 of each year and payment of $500,000 shall be made on January 15 of each year. The District shall deduct any amounts necessary to pay its operating costs and establish an adequate operating reserve and shall transfer the remaining amount to the Capital Fund. The Partnership shall pay the District an annual Capital Fund payment of $1,500,000 during each year of the Term. Payment of $750,000 shall be made on September 15 of each year and payment of $750,000 shall be made on January 15 of each year. The Partnership shall have the right to prepay any annual rental payment or Capital Fund payment due hereunder. (c) All parking net profits (net profits shall equal gross receipts less operating costs; operating costs are all direct incremental costs paid to or retained by third parties or Affiliates of the Paitnership, provided costs attributable to any Affiliates of the Partnership are competitive with the costs third parties would charge for providing the same services, as a direct result of parking operations) from the main parking lot (which consists of Lots A, B and C as shown on Exhibits D and E and the RTD Lot, respectively, the "Main Lot") shall be shared on a twenty percent (20%) (to the District), eighty percent (80%) (to the Partnership) basis for all Major League Baseball Games played during the Term and Grace Term and Non-Baseball Events for which the Partnership is entitled to use the Leased Premises pursuant...