Common use of Amount and Payment of Royalty and Service Fee Clause in Contracts

Amount and Payment of Royalty and Service Fee. Upon payment of the License Fee, the licensing fee shall be deemed fully paid up for the first seven years. Commencing on the eight anniversary of the date of this Agreement, Licensee agrees to pay to Licensor a * royalty and service fee of * of the aggregate net revenues of the Tully’s Stores in the Territories together with all other sales of products or services made in connection with the Tully’s Business Names and Trademarks, *.

Amount and Payment of Royalty and Service Fee. Upon payment of the License Fee, the licensing fee shall be deemed fully paid up for the first seven years. Commencing on the eight anniversary of the date of this Agreement, Licensee agrees to pay to Licensor a * royalty and service fee of * of the aggregate net revenues of the Tully’s 's Stores in the Territories together with all other sales of products or services made in connection with the Tully’s 's Business Names and Trademarks, *.