Gross Operating Revenues

Example Definitions of "Gross Operating Revenues"
Gross Operating Revenues. All amounts, including cash, cash equivalents and the fair market value of non-cash consideration, received by Virgin in respect of the operation of any Licensed Spacecraft and all related space tourism activities, less: (i) refunds; and (ii) applicable value added or sales taxes, government-mandated exceptional taxes on incremental passenger revenues, but not including taxes based on net income or gross receipts of Virgin.
All Definitions