Gross Cash Receipts means all cash received in any fiscal year from the operations of the Partnership including all government subsidies received by the Partnership, construction contingency, but excluding Capital Contributions, loan proceeds, repayment of rent, security deposits, insurance proceeds, condemnation awards, proceeds from Net Cash from Sales and Refinancing, and any other funds not generated from current Project Operating Expenses. The Partnership definition of “Net Cash from Sales and Refinancing” (or other applicable related term or activity) must be provided to OHFA for review and approval.
Gross Cash Receipts means with respect to any parcel of Real Estate the sum of cash recorded during any period by or for the account of the Borrower or the Guarantor in payment of the following items:
Gross Cash Receipts for any period after the opening of the Club for business shall mean all revenue and income of any nature derived by Tenant or an Affiliate (exclusive of the Management Fee) for such period from the Premises or the use or operation thereof, including, without limitation, amounts released from Reserves, rent, fees, proceeds from business interruption insurance, governmental allowances and awards and other forms of payments or awards from any source whatsoever, determined on a cash basis, but exclusive of any proceeds from (1) Tenant's financing of the leasehold created by this Lease, (2) any sale, direct or indirect, of any interest in Tenant or Tenant's operations (it 32 being agreed, however, that the proceeds from any sale of used Trade Fixtures or Improvements, for salvage value or otherwise, that are not a part of any sale, direct or indirect, of any interest in Tenant or Tenant's operations would constitute Gross Cash Receipts), (3) any assignment of Tenant's interest in this Lease and (4) any subletting of all of the Premises if, immediately after such subletting, Tenant or an Affiliate shall no longer be in day to day control of the operations of the Club; provided, however, that in the event of any subletting immediately after which Tenant or an Affiliate shall no longer be in day-to-day control of the operations of the Club, NDC Rent shall continue to be calculated, and due from Tenant, as set forth in this Lease but as if such subtenant were the tenant under this Lease. Gross Cash Receipts shall further include, without limitation, any income derived by Tenant or an Affiliate (whether such income is derived from cash or the receipt of other non-cash assets such as stock) from the exploitation in connection with the Premises or the use or operation thereof of any trademark, tradename or other intellectual property of Tenant or an Affiliate, including, without limitation, from the "naming" of the Club and the sale of any branded merchandise at the Club; it being agreed, however, that if and to the extent any such intellectual property is exploited other than in connection with the Premises or the use or operation of the Premises, then Gross Cash Receipts shall include only the equitable portion, if any, of cash and only the equitable portion, if any, of the fair market value of any non-cash assets received from the
Examples of Gross Cash Receipts in a sentence
Developer shall provide to the Agency copies of the periodic reporting respecting Development Costs and Gross Cash Receipts ("Developer's Interim Statement"), which reporting shall be in the form and with such detail as to provide the Agency the ability to determine the itemized amounts of all Development Costs and Gross Cash Receipts and subject to the provisions of this Section 6.3, in conformance with generally accepted accounting principles consistently applied ("GAAP").
Within ninety (90) days after Final Completion, Developer shall prepare a reconciliation of the aggregate Profit Participation Payments paid and shall prepare a complete accounting and computations setting forth in the aggregate the Development Costs and the Gross Cash Receipts (the "Final Accounting").
Within ninety (90) days after each Phase Completion the Developer shall undertake to finish a complete accounting and computations setting forth, on an aggregate basis, the total Development Costs and the Gross Cash Receipts for the Phase or the Optional Program, if applicable (the "Final Phase Accounting").
The Agency shall be entitled from time to time to audit the Developer's books, records, and accounts pertaining to the Gross Cash Receipts, Development Costs and the Profit Participation Payment.
More Definitions of Gross Cash Receipts
Gross Cash Receipts means all cash revenues and cash receipts of Company and the Credit Parties during any Fiscal Quarter from any source or activity (excluding only funds belonging to or received for the credit of third parties, such as royalty, suspense funds, working interest or other interest owners, that are received for transfer or payment to such third parties).
Gross Cash Receipts. Gross Cash Receipts shall mean the sum of cash received by or for the account of the Borrower in connection with the ownership or operation of the Project, including, without limitation, in payment of the following items:
Gross Cash Receipts means for any period, the total cash receipts actually received by the Partnership during such period, whether from operation of the Vessels under Drilling Contracts, ancillary services such as catering revenues, interest income from Cash Equivalents and other income items yielding cash such as proceeds from equipment sales or scrap Proceeds; provided that, Gross Cash Receipts shall not include the proceeds of any loans, capital contributions or other extensions of credit made by the Partners or Xxxxxx to the Partnership to the extent permitted hereunder.
Gross Cash Receipts shall be defined as revenues collected and received (including, without limitation, promissory notes and other evidences of indebtedness received) from Project operations, including, but not limited to, (i) sales and/or leases of lots and other real property from the Project, (ii) sales of memberships in LFCC, (iii) the gross receipts of operations of LFCC, (iv) lot maintenance fees collected from lot owners, (v) all rental income, and (vi) other income and revenue collected from the sale of ancillary services related to the Project. Gross Cash Receipts shall specifically not include (i) the amount of any sales contract deposits until such time as such a deposit is applied to the purchase price of a lot or other goods or services sold or is retained upon the breach of any such sales contract, but not if applied by Owner as reimbursement for property damage or expenses incurred by Owner, (ii) prepaid rent or other prepaid revenue until such time as it is applied, (iii) insurance proceeds, (iv) services provided by Manager for an additional fee paid by the recipient, (v) tax refunds, and (vi) condemnation awards.
Gross Cash Receipts means all cash revenues received by the Developer from any source whatsoever in connection with the sale, exchange or disposition of the lots in the Residential Component, which shall include any damage recoveries, insurance payments or condemnation proceeds payable to the Developer with respect to the Residential Component, but shall exclude the proceeds of any capital contributed to the Developer by its partners or members and the proceeds of any loan made to the Developer and brokerage commissions and direct marketing expenditures, and the proceeds of any good faith sale of the Residential Component or Phase or lot thereof to a Developer Affiliate who improves lot(s) for its own account provided that proceeds of any resale by such Developer Affiliate (net of actual, reasonably documented direct developement costs for such property expended by the Developer Affiliate) shall then be included in Gross Cash Receipts. In the event the Developer has received a promissory note or other financing devices as a part of a sale or other disposition of a portion of the Residential Component, the Developer shall include as cash for the purposes of determining Gross Cash Receipts, (i) all payments of principal and interest received on a Note as they are received; and (ii) the net present value of payments remaining due under the promissory note or other financing device, using an annual discount rate equal to the then-“Prime Rate” as published in the most recent issue of the Wall Street Journal, plus 200 basis points.
Gross Cash Receipts means all cash received in any fiscal year from the operations of the Partnership including all government subsidies received by the Partnership as well as construction contingency. This excludes Capital Contributions; loan proceeds; repayment of rent; security deposits; insurance proceeds; condemnation awards; proceeds from Net Cash from Sales and Refinancing; and, any other funds not generated from current Project
Gross Cash Receipts means all cash receipts of any kind or character, including but not limited to proceeds of the Revolving Credit Loans and the loans permitted under Section 11.2(f) of the Credit Agreement, receipts relating to the sale of single-family and multi-family lots, receipts from leases and the sale of land for retail, office, and research and development use, golf course income, gas refunds, lot interest income, bond refunds and bond proceeds, including the MUD Proceeds, or loan proceeds relating thereto.