Common use of Compensation to City Clause in Contracts

Compensation to City. Collector shall pay to City as compensation for the authority herein granted, a sum equal to twelve (12) percent of the total gross receipts actually collected or received by any of its subcontractors for the collection, removal, transportation, or disposal of Solid Waste and/or Construction and Demolition Debris produced, kept or accumulated within City. City shall have the right to adjust the above franchise fees at any time, upon written notification to Collector.

Compensation to City. Collector shall pay to City as compensation for the authority herein granted, a sum equal to twelve (12%) percent of the total gross receipts actually collected or received by any of its subcontractors for the collection, removal, transportation, or disposal of Solid Waste and/or Construction and Demolition Debris produced, kept or accumulated within City. City shall have the right to adjust the above franchise fees at any time, upon written notification to Collector.

Compensation to City. Collector shall pay to City as compensation for the authority herein granted, a sum equal to twelve (12%) percent of the total gross receipts actually collected or received by Collector or any of its subcontractors or agents for the collection, removal, transportation, or disposal of Solid Waste and/or Construction and Demolition Debris produced, kept or accumulated within CityCity under this Agreement. City shall have the right to adjust the above franchise fees at any time, upon written notification to Collector.