Franchise Fee Payments. Monthly, SBWMA shall distribute to the City of San Xxxxxx, from funds received from Contractor, one twelfth (1/12th) of the annual franchise fee agreed to by the SBWMA and the City of San Xxxxxx for the operation of the Facilities.
Franchise Fee Payments. Franchisee shall pay to the Town, and each Participating Municipality, as the case may be, on a quarterly basis, a Franchise fee of five percent (5%) of annual Gross Revenue. In accordance with Title VI of the Communications Act, the twelve (12) month period applicable under this Agreement for the computation of the Franchise fee shall be made on a calendar year basis. Such payments shall be made no later than thirty (30) days following the end of each of Franchisee’s fiscal quarters. Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall be refunded any payments that were incorrectly submitted, in connection with the quarterly Franchise fee remittances within ninety (90) days following the close of the quarter for which such payments were applicable.
Franchise Fee Payments. Indicate the revenue collected and total franchise fees paid to TOWN monthly.
Franchise Fee Payments. (a) The Franchisee shall continue to pay to the City, throughout the term of this Renewal Franchise, a Franchise Fee equal to five percent (5%) of the Franchisee's Gross Annual Revenues.
(b) The Franchise Fee shall be paid quarterly to the City throughout the term of this Renewal Franchise, not later than forty-five (45) days after the end of each 3-month period (February 15th, May 15th, August 15th, and November 15th). In addition to the foregoing, the Franchising Authority reserves the right to direct one or more payments, or portions of the Franchise Fee payments such as the advertising revenue, to an Access Corporation or other entity.
(c) The Franchisee shall file with the Franchising Authority, with each Franchise Fee payment, a statement certified by an authorized representative of the Franchisee documenting, in reasonable detail, the total of all Gross Annual Revenues of the Franchisee during the preceding specified periods, as well as a completed Revenue and Franchise Fee Reporting Form, attached hereto as Exhibit 1.
(d) The Franchisee shall not be liable for a total financial commitment pursuant to this Renewal Franchise and applicable law in excess of five percent (5%) of its Gross Annual Revenues; provided, however, that said five percent (5%) shall include any applicable fees payable to the FCC and/or the State; and furthermore provided, however, that said five percent (5%) shall not include (i) interest on any late payments or liquidated damages due to the Franchising Authority; and (ii) any amounts excluded from the definition of “Franchise Fee” in Section 622 of the Cable Act.
(e) At any time during the term of this Renewal Franchise, the Franchising Authority may, as needed to verify the information provided hereunder, upon reasonable belief and after notice and an opportunity by the Franchisee to be heard, inspect and conduct an independent audit, at the Franchising Authority’s expense, of the financial records and books of Franchisee insofar as they apply to the calculation of Gross Annual Revenues and Franchise Fees paid to the Franchising Authority herein; provided, however, that if the Franchising Authority has a reasonable belief or reasonably should have such a belief of a need to so verify information, it must exercise its right to inspect and audit within one (1) year of such event.
Franchise Fee Payments. The Concessioner must make payments due to the Service through electronic funds transfers via Xxx.Xxx, or updated system dictated by the Service.
Franchise Fee Payments. Subject to applicable law, the Grantee shall pay to the Town a franchise fee in the amount of Two percent (2%) of the Grantee’s annual Gross Revenues (the “Franchise Fee”). The Franchise Fee shall be due and payable on March 1 of each year for the previous calendar year. The Town shall have the right to inspect, at the Grantee’s business office during normal business hours, the books and financial records of the Grantee compiled in the ordinary course of business necessary to verify Franchise Fee payments. The Franchise Fee shall be deemed to reimburse the Town for the rights granted herein and for all costs of regulation and administration of the Franchise.
Franchise Fee Payments. Franchisee shall pay to the City, on a quarterly basis, a Franchise fee of five percent (5%) of annual Gross Revenue. In accordance with Title VI of the Communications Act, the twelve (12) month period applicable under this Agreement for the computation of the Franchise fee shall be made on a calendar year basis. Such payments shall be made no later than thirty (30) days following the end of each of Franchisee’s fiscal quarters. Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall be refunded any payments that were incorrectly submitted, in connection with the quarterly Franchise fee remittances within 90 days following the close of the quarter for which such payments were applicable.
Franchise Fee Payments. Subject to applicable law, the Grantee shall pay to the Town a franchise fee in the amount of five percent (5%) of the Grantee’s annual Gross Revenues (the “Franchise Fee”). Subject to the five percent cap, Grantor may revise the Franchise fee with 90 days written notice to Company. The Franchise Fee shall be due and payable on March 1 of each year for the previous calendar year. The Town shall have the right to inspect, at the Grantee’s business office during normal business hours, the books and financial records of the Grantee compiled in the ordinary course of business necessary to verify Franchise Fee payments. The Franchise Fee shall be deemed to reimburse the Town for the rights granted herein and for all costs of regulation and administration of the Franchise.
Franchise Fee Payments. Indicate the revenue collected and total 759 franchise fees paid to CITY for the preceding quarter.
Franchise Fee Payments. 2470 In consideration of the exclusive Franchise provided in Section 2.1 of this Agreement, Contractor shall 2471 pay to the CCCSWA Franchise Payments for Danville, Lafayette, Orinda, Moraga, Walnut Creek and 2472 Contra Costa County that are calculated as a percentage of the Total Calculated Contractor Costs or a 2473 fixed amount for services provided in each such respective jurisdiction’s territory within the Service 2474 Area. Contractor shall pay to CCCSWA any additional fees or expenses as determined and approved by 2475 the specific Member Agencies (for example, vehicle impact fees). Contractor shall submit all Franchise 2476 Payments to the CCCSWA and the CCCSWA shall distribute the payments to Member Agencies. 2477
