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 day which is eighteen (18) weeks after the date that the FRANCHISEE commences business operations pursuant to this Agreement and continuing thereafter for the remaining term of this Agreement, pay 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 Cost Cutters Business. For the first (1st) through the seventeenth (17th) weeks of the FRANCHISEE'S operation of its Cost Cutters Business pursuant to this Agreement, the FRANCHISEE will not be obligated to pay a Continuing Fee to COST CUTTERS. For the eighteenth (18th) through the thirty-fourth (34th) weeks of the FRANCHISEE'S operation of its Cost Cutters Business pursuant to this Agreement, the FRANCHISEE will pay COST CUTTERS a weekly Continuing Fee equal to four percent (4%) of the FRANCHISEE'S Gross Revenues. For the thirty-fifth (35th) and each subsequent week of the FRANCHISEE'S operation of its Cost Cutters Business for the balance of the remaining term of this Agreement, the FRANCHISEE will pay COST CUTTERS a weekly Continuing Fee equal to six percent (6%) of the FRANCHISEE'S Gross Revenues; provided, however, that commencing with the fifty-third (53rd) week of the FRANCHISEE'S operation of its Cost Cutters Business and continuing throughout the remaining term of this Agreement, the FRANCHISEE will pay COST CUTTERS a weekly Continuing Fee equal to the greater of six percent (6%) of the FRANCHISEE'S weekly Gross Revenues or One Hundred Dollars ($100) per week. The Continuing Fees paid to COST CUTTERS 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 day date which is eighteen (18) weeks after the date that the FRANCHISEE commences begins business operations pursuant to this Agreement and continuing thereafter for the remaining term of this Agreement, pay COST CUTTERS 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 Cost Cutters BusinessCity Looks business. For the first (1st) through the seventeenth (17th) weeks of the FRANCHISEE'S operation of its Cost Cutters Business City Looks business pursuant to this Agreement, the FRANCHISEE will not be obligated to pay a Continuing Fee to COST CUTTERSCITY LOOKS. For the eighteenth (18th) through the thirty-fourth (34th) weeks of the FRANCHISEE'S operation of its Cost Cutters Business City Looks business pursuant to this Agreementbusiness, the FRANCHISEE will pay COST CUTTERS to CITY LOOKS a weekly Continuing Fee equal to four two percent (42%) of the FRANCHISEE'S Gross Revenues. For the thirty-fifth (35th) and each subsequent week of the FRANCHISEE'S operation of its Cost Cutters Business City Looks business for the balance of the remaining term of this Agreement, the FRANCHISEE will pay COST CUTTERS CITY LOOKS a weekly Continuing Fee equal to six four percent (64%) of the FRANCHISEE'S Gross Revenues; provided, however, that commencing with the fifty-third (53rd) week of the FRANCHISEE'S operation of its Cost Cutters Business City Looks business and continuing throughout the remaining term of this Agreement, the FRANCHISEE will pay COST CUTTERS CITY LOOKS a weekly Continuing Fee equal to the greater of six four percent (64%) of the FRANCHISEE'S weekly Gross Revenues or One Hundred Dollars ($100100.00) per week. The Continuing Fees paid to COST CUTTERS CITY LOOKS will not be refundable to the FRANCHISEE under any circumstances.