The Close Out Fee shall be deducted from the final month’s Monthly Gross Receipts to be paid to Owner. Without prejudice to the generality of the foregoing, in case the Monthly Guaranteed Amount and/or the Percentage of the Monthly Gross Receipts offered by the Tenderer with the highest overall combined price and quality score is unreasonably low with reference to the advice of the Commissioner for Rating and Valuation, the Government may refrain from awarding the Contract to the relevant Tenderer. The Close Out Fee shall be deducted from the final month's Monthly Gross Receipts to be paid to Owner. Please complete the table of Actual Monthly Gross Receipts as per Appendix I.Īt the election of Manager, and upon prior written notice to Owner, Manager may satisfy any permitted advances made by Manager, together with the interest due thereon, from the Monthly Gross Receipts of the Project.Īll Monthly Gross Receipts from the Project, after deducting Approved Operating Expenses, Reimbursable Expenses and the Management Fee, shall be deposited by Manager into one or more deposit accounts designated by Owner (each a “Depository Account”).Īll Monthly Gross Receipts from the Project, after deducting Approved Operating Expenses, Reimbursable Expenses and the Management Fee, shall be deposited by Manager into one or more deposit accounts designated by Owner (each a "Depository Account").
#Monthly gross receipts free
of the following day.“ Parking Charges”(upper or lower case)means the amounts chargeable by the Contractor for car parking at the Licence Area during the Contract Period at the rates specified in the Fourth Schedule.“Permit”means a “ Disabled Person’s Parking Permit” issued by the Transport Department of the Government.“Permitted Vehicles”means the types of vehicles as specified in the fourth column of the Third Schedule.“person”means any individual, corporation, partnership and firm.“ Price Proposal”means the proposal known as “Price Proposal” to be submitted under Clause 4.1(a) of the Terms of Tender.“Reserved Car Parking Spaces”means the car parking spaces as designated in the Sixth Schedule and as delineated in Annex C for the exclusive use of the Government and its approved users free of any parking charges.“ Schedules” or “Contract Schedule”means any of the First to Eleventh Schedules.Įxamples of Monthly Gross Receipts in a sentence of the same day or a period as notified by the Government Representative.“Museum Visitor”means a member of the public who produces the Leisure and Cultural Services Department Museum Pass or any other forms of admission for and issued by the Venue covering the day on which he is authorized to be admitted to an exhibition and/or activity held in the Venue.“Original Tender Closing Date”means the date specified in the Lodging of Tender at the Tender Form as the date for submission of tender regardless of any extension.“Overnight Parking Period”means after 8:00 p.m.
#Monthly gross receipts plus
Monthly Gross Receipts means in respect of each month of each Contract Year, the gross proceeds as received or receivable by the Contractor from its operation of the Business plus all other incomes (except proceeds arising from the sale of capital assets belonging to the Contractor) deriving from or in respect of the operation of the Business and shall be free and clear of any deduction of whatsoever nature.“ Museum Visitor Parking Period”means from 9:30 a.m.
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