VENDING MACHINE PROCEEDS Clause Samples

The "Vending Machine Proceeds" clause defines how revenue generated from vending machines located on the premises is to be handled. Typically, this clause specifies whether the proceeds belong to the property owner, the tenant, or are to be shared between them, and may outline procedures for collecting, reporting, and distributing these funds. Its core function is to clearly allocate rights to vending machine income, preventing disputes and ensuring both parties understand their entitlements regarding these proceeds.
VENDING MACHINE PROCEEDS. To the extent permitted by Sound Transit, METRO agrees to lease space for 13 vending machines in RAIL facilities to an organization which will in turn contract with the UNION 14 for payment of the historical and traditional 25% of the net proceeds it receives from these vending 15 machines directly to the UNION. The UNION will then forward those monies to the Puget Sound 16 Labor Agency or the Local 587 Retirees Chapter for social, recreational and charitable purposes.
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VENDING MACHINE PROCEEDS. A. To the extent permitted by Sound Transit, METRO agrees to lease space for vending machines in RAIL facilities to an organization which will in turn contract with the UNION for payment of the historical and traditional 25% of the net proceeds it receives from these vending machines directly to the UNION. The UNION will then forward those monies to the Puget Sound Labor Agency or the Local 587 Retirees Chapter for social, recreational and charitable purposes. B. METRO will not terminate its contract with the vending organization and/or its successors as long as that organization agrees to provide the aforesaid 25% of the net proceeds.
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VENDING MACHINE PROCEEDS. One half of the net proceeds from the vending machine at the bus garage will be spent at the discretion of OAPSE Local #010 officers, subject to the approval of the district's treasurer.
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VENDING MACHINE PROCEEDS. A. METRO agrees to lease space for vending machines in Transit facilities to an organization which will in turn contract with the UNION for payment of the historical and traditional 25% of the net proceeds it receives from these vending machines directly to the UNION. The UNION will then forward those monies to the Puget Sound Labor Agency or the Local 587 Retirees Chapter for social, recreational and charitable purposes. B. METRO will not terminate its contract with MERAA and/or its successors as long as that organization agrees to provide the aforesaid 25% of the net proceeds.
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VENDING MACHINE PROCEEDS. ▇▇▇▇▇ agrees to lease space for vending machines in Transit facilities to an 25 organization which will in turn contract with the UNION for payment of the historical and traditional 26 25% of the net proceeds it receives from these vending machines directly to the UNION. The 27 UNION will then forward those monies to the Puget Sound Labor Agency or the Local 587 Retirees 28 Chapter for social, recreational and charitable purposes.
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VENDING MACHINE PROCEEDS. 3 A. To the extent permitted by Sound Transit, METRO agrees to lease space for 4 vending machines in RAIL facilities to an organization which will in turn contract with the UNION 5 for payment of the historical and traditional 25% of the net proceeds it receives from these vending 6 machines directly to the UNION. The UNION will then forward those monies to the Puget Sound 7 Labor Agency or the Local 587 Retirees Chapter for social, recreational and charitable purposes. 8 B. METRO will not terminate its contract with the vending organization and/or its 9 successors as long as that organization agrees to provide the aforesaid 25% of the net proceeds.
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Related to VENDING MACHINE PROCEEDS

  • Liquidation Proceeds Cash received in connection with the liquidation of a defaulted Mortgage Loan, whether through the sale or assignment of such Mortgage Loan, trustee’s sale, foreclosure sale, payment in full, discounted payoff or otherwise, or the sale of the related Mortgaged Property if the Mortgaged Property is acquired in satisfaction of the Mortgage Loan, including any amounts remaining in the related Escrow Account.

  • Gross Proceeds The aggregate purchase price of all Shares sold for the account of the Company through all Offerings, without deduction for Sales Commissions, volume discounts, any marketing support and due diligence expense reimbursement or Organization and Offering Expenses. For the purpose of computing Gross Proceeds, the purchase price of any Share for which reduced Sales Commissions are paid to the Dealer Manager or a Soliciting Dealer (where net proceeds to the Company are not reduced) shall be deemed to be the full amount of the offering price per Share pursuant to the Prospectus for such Offering without reduction.

  • Insurance Proceeds All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

  • Sale Proceeds The proceeds of sale of any new Series of Notes shall be wired to the Collection and Funding Account, and the Indenture Trustee shall disburse such sale proceeds at the direction of the Administrator on behalf of the Issuer, except to the extent such funds are needed to satisfy the Collateral Test. The Administrator on behalf of the Issuer may direct the Issuer to apply such proceeds to reduce pro rata based on Invested Amounts, the VFN Principal Balance of any Classes of Variable Funding Notes, or to redeem any Series of Notes in accordance with Section 13.1. In the absence of any such direction, the proceeds of such sale shall be distributed to the Depositor or at the Depositor’s direction on the Issuance Date for the newly issued Notes. The Administrator shall deliver to the Indenture Trustee a report demonstrating that the release of sale proceeds pursuant to the Issuer’s direction will not cause a failure of the Collateral Test, as a precondition to the Indenture Trustee releasing such proceeds.

  • Net Sales Proceeds In the case of a transaction described in clause (A) of the definition of Sale, the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including all real estate commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (B) of such definition, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in clause (C) of such definition, Net Sales Proceeds means the proceeds of any such transaction actually distributed to the Company from the Joint Venture less the amount of any selling expenses, including legal fees and expenses incurred by or on behalf of the Company (other than those paid by the Joint Venture). In the case of a transaction or series of transactions described in clause (D) of the definition of Sale, Net Sales Proceeds means the proceeds of any such transaction (including the aggregate of all payments under a Mortgage or in satisfaction thereof other than regularly scheduled interest payments) less the amount of selling expenses incurred by or on behalf of the Company, including all commissions, closing costs and legal fees and expenses. In the case of a transaction described in clause (E) of such definition, Net Sales Proceeds means the proceeds of any such transaction less the amount of selling expenses incurred by or on behalf of the Company, including any legal fees and expenses and other selling expenses incurred in connection with such transaction. In the case of a transaction described in the last sentence of the definition of Sale, Net Sales Proceeds means the proceeds of such transaction or series of transactions less all amounts generated thereby which are reinvested in one or more Assets within 180 days thereafter and less the amount of any real estate commissions, closing costs, and legal fees and expenses and other selling expenses incurred by or allocated to the Company in connection with such transaction or series of transactions. Net Sales Proceeds shall also include any consideration (including non-cash consideration such as stock, notes, or other property or securities) that the Company determines, in its discretion, to be economically equivalent to proceeds of a Sale, valued in the reasonable determination of the Company. Net Sales Proceeds shall not include any reserves established by the Company in its sole discretion.