Common use of AMOUNT OF CONTINUING FEES Clause in Contracts

AMOUNT OF CONTINUING FEES. In addition to the Initial Fee, the FRANCHISEE will, commencing on the date which is eighteen (18) weeks after the date that the FRANCHISEE begins business operations pursuant to this Agreement and continuing thereafter for the remaining term of this Agreement, pay CITY LOOKS weekly Continuing Fees equal to a percentage of the FRANCHISEE'S weekly Gross Revenues, as defined herein, which are received, billed or generated by, as a result of or from the FRANCHISEE'S City Looks business. For the first (1st) through the seventeenth (17th) weeks of the FRANCHISEE'S operation of its City Looks business pursuant to this Agreement, the FRANCHISEE will not be obligated to pay a Continuing Fee to CITY LOOKS. For the eighteenth (18th) through the thirty-fourth (34th) weeks of the FRANCHISEE'S operation of its City Looks business pursuant to this business, the FRANCHISEE will pay to CITY LOOKS a weekly Continuing Fee equal to two percent (2%) of the FRANCHISEE'S Gross Revenues. For the thirty-fifth (35th) and each subsequent week of the FRANCHISEE'S operation of its City Looks business for the balance of the remaining term of this Agreement, the FRANCHISEE will pay CITY LOOKS a weekly Continuing Fee equal to four percent (4%) of the FRANCHISEE'S Gross Revenues; provided, however, that commencing with the fifty-third (53rd) week of the FRANCHISEE'S operation of its City Looks business and continuing throughout the remaining term of this Agreement, the FRANCHISEE will pay CITY LOOKS a weekly Continuing Fee equal to the greater of four percent (4%) of the FRANCHISEE'S weekly Gross Revenues or One Hundred Dollars ($100.00) per week. The Continuing Fees paid to CITY LOOKS will not be refundable to the FRANCHISEE under any circumstances.

AMOUNT OF CONTINUING FEES. In addition to the Initial Fee, the FRANCHISEE will, commencing on the date day which is eighteen (18) weeks after the date that the FRANCHISEE begins commences business operations pursuant to this Agreement and continuing thereafter for the remaining term of this Agreement, pay CITY LOOKS COST CUTTERS weekly Continuing Fees equal to a percentage of the FRANCHISEE'S weekly Gross Revenues, as defined herein, which are received, billed or generated by, as a result of or from the FRANCHISEE'S City Looks businessCost Cutters Business. For the first (1st) through the seventeenth (17th) weeks of the FRANCHISEE'S operation of its City Looks business Cost Cutters Business pursuant to this Agreement, the FRANCHISEE will not be obligated to pay a Continuing Fee to CITY LOOKSCOST CUTTERS. For the eighteenth (18th) through the thirty-fourth (34th) weeks of the FRANCHISEE'S operation of its City Looks business Cost Cutters Business pursuant to this businessAgreement, the FRANCHISEE will pay to CITY LOOKS COST CUTTERS a weekly Continuing Fee equal to two four percent (24%) of the FRANCHISEE'S Gross Revenues. For the thirty-fifth (35th) and each subsequent week of the FRANCHISEE'S operation of its City Looks business Cost Cutters Business for the balance of the remaining term of this Agreement, the FRANCHISEE will pay CITY LOOKS COST CUTTERS a weekly Continuing Fee equal to four six percent (46%) of the FRANCHISEE'S Gross Revenues; provided, however, that commencing with the fifty-third (53rd) week of the FRANCHISEE'S operation of its City Looks business Cost Cutters Business and continuing throughout the remaining term of this Agreement, the FRANCHISEE will pay CITY LOOKS COST CUTTERS a weekly Continuing Fee equal to the greater of four six percent (46%) of the FRANCHISEE'S weekly Gross Revenues or One Hundred Dollars ($100.00100) per week. The Continuing Fees paid to CITY LOOKS COST CUTTERS will not be refundable to the FRANCHISEE under any circumstances.