Franchise Fee; Audit. The County shall have the right to conduct a Franchise Fee review or audit of Comcast’s records reasonably related to the sources, amounts and computation of Gross Revenues. Any such review or audit shall occur within thirty-six (36) months from the date the County receives such payment, after which period any such payment shall be considered final. Within thirty (30) days of a written request, Comcast shall provide the County with copies of financial records related to the Franchise Fee review or audit.
Franchise Fee; Audit. 5.2.1 Upon reasonable prior written notice, during normal business hours, at Grantee’s principal business office in the Seattle area, the Franchising Authority shall have the right to inspect the Grantee’s financial records used to calculate the franchise fees; provided, however, that any such inspection shall take place within three (3) years from the date the Franchising Authority receives such payment, after which period any such payment shall be considered final.
Franchise Fee; Audit. During the term of this Agreement, JMZ agrees to pay the City a franchise fee of five percent (5%) of Gross Revenues (“Franchise Fee”). “Gross Revenues” means revenues derived from recurring services to JMZ’s fiber optic customers provided within the City Limits of Neodesha, Kansas (no franchise fee is due when the point of service is outside the City limits of Neodesha; mailing address alone does not determine City residency). Gross revenues shall be reduced by bad debt expenses. Uncollectable and late charges shall not be included within gross revenue. JMZ shall pay its franchise fee on the 15th day of the second month following the month in which the gross revenue is received. JMZ agrees to keep accurate books for the purpose of determining the franchise fee, and no more than once per year, the City may, at the cost of the City and during regular business hours on thirty
Franchise Fee; Audit. During the term of this Agreement, JMZ agrees to pay the City a franchise fee each month for each JMZ fiber optic Customer who receives services within the City limits of Paola, Kansas (no franchise fee is due when the point of service is outside the City limits of Paola; mailing address alone does not determine City residency); during the first year the franchise fee is $1.50 (one dollar and fifty cents), and during the second year and each year thereafter the franchise fee is $2.50 (two dollars and fifty cents). The franchise fee will be based on who is shown on JMZ books as a City resident fiber optic Customer on the last day of each calendar month, with no pro-rate for a partial month Customer or adjustment for uncollectable accounts, and shall be paid to the City by the 15th day of the second month thereafter. Any payment not timely paid shall accrue interest at ten percent (10%) per annum until paid. JMZ agrees to keep accurate books for the purpose of determining the franchise fee, and no more than once per year, the City may, at the cost of the City and during regular business hours on thirty (30) days notice, inspect JMZ’s books relative to calculation of the franchise fees, but only to the extent necessary to confirm the accuracy of payments due. The City agrees to hold in confidence any non-public information it learns from JMZ to the fullest extent permitted by Law.
Franchise Fee; Audit a. A franchise fee will not be imposed at this time. Franchisors reserve the option of imposing a franchise fee in the future. If a franchise fee should be imposed it shall not exceed 3% of gross revenues.
