CONTINUING FEE. A. Continuing Fee. Franchisee will, for the term of this Agreement, pay to Franchisor a Continuing Fee equal to four percent (4%) of Franchisee's Gross Sales (as defined below). Franchisee's obligation to pay Franchisor the Continuing Fee under the terms of this Agreement will remain in full force and effect until this Agreement has expired or is terminated under the provisions herein.
CONTINUING FEE. In addition to the Initial Franchise Fee, during the full term of this Agreement and in consideration of the rights granted to you, you must pay to us as a weekly Continuing Fee an amount equal to 5% of Gross Sales.
CONTINUING FEE. 79 5.1 Amount of Continuing Fee; Date Payable......................79 5.2 Interest on Unpaid Continuing Fees..........................79 5.3 Reports.....................................................79 5.4 Franchisee's Obligation to Pay..............................79 5.5 Pre-Authorized Bank Debits..................................80
CONTINUING FEE. The parties acknowledge that as a result of terminating this agreement under this clause 10, the Manager may incur certain "winding up" costs. By way of recognition of this fact, UBS Mangakahia shall continue to pay the Management Fee to the Manager for a period of 90 days following the date of the notice referred to in clause 10.
CONTINUING FEE. The parties acknowledge that as a result of terminating this agreement under this clause 10, the Manager may incur certain "winding up" costs. By way of recognition of this fact, CNI shall continue to pay the Management Fee to the Manager for a period of 90 days following the date of the notice referred to in clause 10.
CONTINUING FEE. A. You will pay us without offset, credit or deduction of any nature, so long as this Agreement is in effect, a monthly Continuing Fee equal to five percent (5%) of the Gross Sales derived from the Franchised Restaurant. The Continuing Fee will be paid monthly in the manner specified below or as otherwise prescribed in the Manuals.
1. We must receive from you within five (5) days after the end of each month, a correct statement of your Gross Sales for the preceding fiscal month as determined by us on a form approved by us and signed by you. Each monthly statement of Gross Sales shall be accompanied by the Continuing Fee payment based on the Gross Sales reported in the statement so submitted. You will make available to us all original books and records that we may deem necessary to ascertain your Gross Sales for reasonable inspection at reasonable times.
2. The term "Gross Sales", as used in this Agreement, means and includes the total amount of all revenue from the sale of services, products and merchandise and all income of every kind and nature related to the Franchised Restaurant whether or not sold or performed at or from the Franchised Restaurant and the proceeds from all games, cover charges, service, license, use and similar fees collected by the Franchised Restaurant. Gross sales do not include any sales tax, use tax, or service taxes collected and paid to the appropriate taxing authority.
CONTINUING FEE. In addition to the Initial Franchise Fee, during the full term of this Agreement and in consideration of the rights granted to you, you must pay to us as a weekly Continuing Fee. The Continuing Fee for the first half of the initial term of this Agreement shall be an amount equal to 5% of Gross Sales. The Continuing Fee for the second half of the initial term of this Agreement and any extensions of the initial term shall be an amount equal to the greater of (i) 5% of Gross Sales or (ii) the Continuing Fee being charged by us under our form of franchise agreement being used by us on the date the second half of the initial term starts (or, if no form of franchise agreement is being used by us on such date, the Continuing Fee being charged by us under our latest form of franchise agreement). The amount of the Continuing Fee for any renewal term shall be that provided in the franchise agreement executed for such renewal term.
CONTINUING FEE. The Corporation shall pay the Operator a monthly management, consulting and operation fee (the “Continuing Fee”) based upon the number of FTEs upon which the Qualified Gross Revenues received for that month were calculated. The Continuing Fee payable by the Corporation each month will be equal to ninety-four and one-half percent (94.5%) of the Qualified Gross Revenues received for each such month. The Continuing Fee shall be paid within five (5) business days of the Corporation’s receipt of any Qualified Gross Revenues for each month via electronic funds transfer. At the end of the term, the total Continuing Fees paid to the Operator during the term shall be subject to an annual reconciliation based upon actual FTEs enrollment and actual revenue Qualified Gross Revenues received (including the final month of the term, even though the payment may be made beyond expiration of the term).
CONTINUING FEE. Licensee will pay to the Licensor a Continuing Fee equal to one and three-fourths percent (1.75%) of the Hotel's Gross Revenues per month. The Continuing Fee will be paid on or before the twentieth (20th) day of each month for the preceding month.
CONTINUING FEE. (a) Franchisee shall pay to Franchisor a non-refundable Continuing Fee in an amount equal to 6% of Franchisee's monthly Gross Receipts as hereinafter defined in Section 5.5, except that during the first calendar month or portion thereof and each of the next five calendar months following the date of the initial opening of a Retail Outlet in the Franchise Area, Franchisee shall pay a Continuing Fee for that period only of 3% of Franchisee's Gross Receipts.
(b) The reduced Continuing Fee exceptions set forth in Section 5.4(a) shall only apply to the initial six calendar months of operation of the Retail Outlet first established in the Franchise Area. In the case of a sale, resale, assignment, transfer, relocation or other reopening of a Retail Outlet, the non-refundable Continuing Fee shall in all cases be 6% of Franchisee's monthly Gross Receipts.
(c) The Continuing Fee shall be paid by Franchisee on a monthly basis. Payments shall be made on the tenth day of each month based upon Franchisee's Gross Receipts during the previous month. Franchisee shall, concurrently with each Continuing Fee payment, submit to Franchisor a statement of Gross Receipts for the reporting period in such form as Franchisor may specify or as set forth in the Operations Manual and certified as true and correct by Franchisee.
(d) For any time period during which the Retail Outlet is not opened for business, Franchisee shall pay to Franchisor in accordance with Section 5.4 (c) above, the greater of (A) the Continuing Fee as set forth in Sections 5.4 (a) and 5.4 (b) above, or (B) an amount equal to the mean Continuing Fee payable to Franchisor for the preceding twelve month period (or portion thereof if the initial Retail Outlet in the Franchise Area has been opened for less than twelve months) during which the Retail Outlet was continuously opened for business.
