Define: Operating Receipts

How is Operating Receipts defined in a legal contract?

• Operating Receipts means the total income generated by [organization] under this contract. This includes revenue for all parking sales and other sales of goods and services, whether paid for by cash, credit, or otherwise, but does not include amounts authorized by [authority] for credit and refund to customers. Seen in 4 SEC filings
• Operating Receipts means cash received by a budget unit for services rendered, or from the sale of materials, goods, or supplies created by the budget unit or of items held for resale. Seen in 4 SEC filings
• Operating Receipts means cash and cash equivalents that are received as a result of its operation of a property. It includes, but is not limited to, rental receipts, sales of naming rights, signage, concessions, and proceeds from any ticket surcharge imposed that are not excluded receipts. It should also consider revenues received from the operation of certain areas for specific events, and calculated on an accrual basis in accordance with GAAP. However, Operating Receipts does not include donations or sums received for capital improvement items. Seen in 4 SEC filings
• Operating Receipts means all revenues and receipts from the operation or leasing of a Project, including rent receipts, interest income, amounts released from reserves not used for such purpose, property tax refunds, forfeited tenant security deposits, and lease termination payments. It can also include proceeds from certain excluded assets. Seen in 2 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of operating receipts' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Operating Receipts means total income produced by [organization], including all sales, services rendered, and other valid transactions.

Relevant Contract Types

• Business Partnership Agreement
• Service Agreement Contract
• Supply and Demand Contract
• Distribution Agreement Contract

Relevant Circumstances

• Acquisition or Merger deals
• Capital investment contracts
• Franchise agreements
• Licensing agreements

Relevant Sectors

• Retail and Sales
• Professional Services
• E-commerce
• Transport and Logistics

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Genie Definition 2

• Operating Receipts means cash and equivalents received from [organization's] operation of a property, excluding any donations or capital improvement items.

Relevant Contract Types

• Commercial Lease Agreement
• Property Management Agreement

Relevant Circumstances

• Rental agreements
• Property acquisitions
• Property sales
• Real Estate investments

Relevant Sectors

• Real Estate
• Property Management
• Hospitality

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