Revenue Share from ticketing of Ropeway System Clause Samples

Revenue Share from ticketing of Ropeway System. The concessioner shall share percentage Revenue of Gross Revenue from ticketing of Ropeway system (“Revenue Share”), to the Authority, on monthly basis. For the avoidance of doubt, it is clarified the term “Gross Revenue” mean all pre-tax gross revenues earned by the Concessionaire under or pursuant to the Concession Agreement from the Ropeway system only from passengers traffic (ticketing), at any time from the date of execution of the Concession Agreement upto the Transfer Date (as defined in the Concession Agreement) and shall include any monies received from sub-licensees and other persons, by the Concessionaire as deposits (refundable or otherwise), but shall exclude the following a) any insurance proceeds received by the Concessionaire relating to: (i) third party liability insurance paid or to be paid to the person whose claim(s) constitute(s) the risk or liability insured against; and (ii) any form of physical damage of assets, and the Concessionaire has incurred or will incur an expenditure greater than or equal to such proceeds received for repair, reinstatement or otherwise replacement, promptly and diligently of such assets; b) any monies received by the Concessionaire, for or on behalf of any Government Instrumentality (as defined in the Concession Agreement), as an authorized agent of such Government Instrumentality; c) Any monies received from commercial exploitation of 10,000 sq. mt. of land (or the actual land given) around the terminal at Haji Bunder (Sewree), for which fixed fee will be charged; and d) any deposit amounts refunded to the relevant sub-licensee or any other person authorized by the Authority in a particular Concession Year provided these pertain to past deposits on which Revenue Share has been paid to the Authority. It is expressly clarified that: i insurance proceeds referred to in exclusion (a) above, shall not include any exclusion of insurance proceeds received for loss of revenues and/or business interruption; ii monies referred to in exclusion (b) above, shall be excluded only if the same has been credited or will be credited by the Concessionaire to the relevant Government Instrumentality promptly and diligently and any fine, penalty or other amounts of similar nature that may accrue as a result of non-payment or delayed payment of such monies under the Applicable Laws, will not be excluded; iii Gross Revenue will be computed on an monthly basis for an Accounting Year, in accordance with the Indian Generally Accepte...
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Related to Revenue Share from ticketing of Ropeway System

  • Unbundled Network Terminating Wire (UNTW) 2.8.3.1 UNTW is unshielded twisted copper wiring that is used to extend circuits from an intra-building network cable terminal or from a building entrance terminal to an individual End User’s point of demarcation. It is the final portion of the Loop that in multi-subscriber configurations represents the point at which the network branches out to serve individual subscribers. 2.8.3.2 This element will be provided in MDUs and/or Multi-Tenants Units (MTUs) where either Party owns wiring all the way to the End User’s premises. Neither Party will provide this element in locations where the property owner provides its own wiring to the End User’s premises, where a third party owns the wiring to the End User’s premises.

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  • Transmission and Routing of Telephone Exchange Service Traffic 50.4.1 The Appendix Reciprocal Compensation, which is/are attached hereto and incorporated herein by reference, prescribe traffic routing parameters for Local Interconnection Trunk Group(s) the Parties shall establish over the Interconnections specified in the Appendix ITR, which is/are attached hereto and incorporated herein by reference.

  • Heating of Room Throughout the Term the Manager will provide a heating system sufficient to provide a comfortable temperature in the Room and will operate, maintain and repair that heating system. During any period in which the heating system is not functioning to the standards set out above, the Manager will use commercially reasonable efforts, after receiving notice of the deficiency, to have the system repaired and functioning as soon as may be possible in the circumstances. In no event however, is the Manager liable to the Resident for any consequential illness or discomfort and the Manager shall not be deemed to be in default of its obligations under this Agreement, so long as it is using commercially reasonable efforts to have the system repaired.

  • Revenue Metering The Connecting Transmission Owner’s revenue metering will be located on the generator side of the 115kV breaker at the ▇▇▇▇▇ Solar Collector Substation and will consist of: • three (3) combination current/voltage transformer (“CT/VT”) units (manufacturer and model ABB/▇▇▇▇▇▇▇ KXM-550, GE Grid Solutions KOTEF ▇▇▇.▇▇, or other equivalent specified by Connecting Transmission Owner); and • one (1) revenue meter. The ratios of the CTs and VTs will be provided by Connecting Transmission Owner upon its review of the Interconnection Customer’s design documents. (Note: Connecting Transmission Owner’s revenue metering CTs and VTs cannot be used to feed the Interconnection Customer’s check meter.) SERVICE AGREEMENT NO. 2556