Franchise Fees. As compensation for the Franchise granted to the Company, the City shall receive payment of a total annual fee of three (3) percent of gross receipts per year from the Company's sale of electricity to electric-consuming entities inside the City's corporate limits; provided, however, that such fee shall be payable by the Company only if and to the extent the Company is authorized by the Kentucky Public Service Commission (or its successor) to pass through such fee to the entities served by it inside the City's corporate limits; and provided further, the City shall provide the Company a list, in electronic format, of all electric-consuming entities within the City limits that are to be served by the Company, which list shall be updated annually.
Franchise Fees. Lessee will maintain in full force and effect, and pay or cause to be paid all fees and other charges payable pursuant to, any Franchise Agreement with respect to the Hotel.
Franchise Fees. As compensation for the Franchise granted to the Company, the City shall receive payment of a total annual fee of three (3) percent of gross receipts per year from the Company's sale of electricity to electric-consuming entities inside the City's corporate limits with the right to increase to a total annual fee of up to five (5) percent of the gross receipts at each five (5) year anniversary of the franchise agreement; provided, however, that such fee shall be payable by the Company only if and to the extent the Company is authorized by the Kentucky Public Service Commission (or its successor) to pass through such fee to the entities served by it inside the City's corporate limits; and provided further, the City shall provide the Company a list, in electronic format, of all electric-consuming entities within the City limits that are to be served by the Company, which list shall be updated annually.
Franchise Fees. Gross Revenue shall not include refundable deposits, investment income, programming launch support payments, nor any taxes, or other fees or assessments imposed or assessed by any governmental authority. Gross Annual Revenues shall not include actual bad debt that is written off, consistent with generally accepted accounting principles, provided however, that all or any part of any such actual bad debt that is written off, but subsequently collected, shall be included in the Gross Annual Revenues in the period so collected. In the event of any dispute over the classification of revenue, the Township and Comcast agree that reference should be made to generally accepted accounting principles (“GAAP”) as promulgated and defined by the Financial Accounting Standards Board (“FASB”). (q) HD - High definition format.
Franchise Fees. The Grantee shall pay to the Village a Franchise Fee in an amount equal to three percent (3%) of annual Gross Revenues received from the operation of the Cable System to provide Cable Service in the Franchise Area; provided, however, that Grantee shall not be compelled to pay any higher percentage of fees than any other video service provider, under state authorization or otherwise, providing service in the Franchise Area. The payment of Franchise Fees shall be made on a quarterly basis and shall be due forty-five (45) days after the close of each calendar quarter. If mailed, the Franchise Fee shall be considered paid on the date it is postmarked. Each Franchise Fee payment shall be accompanied by a report prepared by a representative of the Grantee showing the basis for the computation of the franchise fees paid during that period. Any undisputed Franchise Fee payment which remains unpaid in whole or in part, after the date specified herein shall be delinquent. For any delinquent Franchise Fee payments, Grantee shall make such payments including interest at the prime lending rate as quoted by XX Xxxxxx Xxxxx & Company or its successor, computed from time due until paid. Any undisputed overpayments made by the Grantee to the Village shall be credited upon discovery of such overpayment until such time when the full value of such credit has been applied to the Franchise Fee liability otherwise accruing under this Section.
5.1.1. The Parties acknowledge that, at present, the Cable Act limits the Village to collection of a maximum permissible Franchise Fee of five percent (5%) of Gross Revenues. In the event that a change in the Cable Act would allow the Village to increase the Franchise Fee above five percent (5%), and the Village actually proposes to increase the Franchise Fee in exercise of such authority, the Village may amend the Franchise Fee percentage. Following the determination to increase the Franchise Fee and enactment of an ordinance enabling the same, the Village shall notify the Grantee of its intent to collect the increased Franchise Fee, and Grantee shall have a reasonable time (not to be less than ninety (90) days from receipt of notice from the City) to effectuate any changes necessary to begin the collection of such increased Franchise Fee. In the event that the Village increases said Franchise Fee, the Grantee shall notify its Subscribers of the Village’s decision to increase said fee prior to the implementation of the collection of said f...
Franchise Fees. Lessee will pay or cause to be paid all franchise fees due and owing in accordance with the terms and conditions of the Franchise Agreement.
Franchise Fees. Lessee will pay or cause to be paid in a timely manner all franchise fees due and owing in accordance with the terms and conditions of the Franchise Agreement.
Franchise Fees. Pay franchisee fees and royalties to its franchisors in the ordinary course of its business;
Franchise Fees. ISSUE: San Xxxxxxx calculated the Franchise Fees rate based on Total Revenues less Other Operating Revenues (Accounts 611 and 614), but erroneously applied the Franchise Fees rate to Total Revenues in the forecasted years. RESOLUTION: San Gabriel and DRA agree that the Franchise Fees total should be based on Total Revenues less Other Operating Revenues. Issue SGV Direct SGV Rebuttal DRA Report Difference Settlement Franchise Fees Rate 0.6857% 0.6857% 0.6857% none 0.6857% Franchise Fees (at present rates) $395,100 $390,100 $392,400 $2,300 $390,700 REFERENCES: Exhibit SG-1, p. 6-2 and Tables 6B and 11B; Exhibit SG-9 (Xxxxx), p. 11; Exhibit SG-22 (Xxxxx), p. 2; Exhibit DRA-1 (Xxxxxxxxxx), p. 5-3.
Franchise Fees. (a) From the opening of the Restaurant for business until the expiration or termination of this Agreement, Franchisee shall pay Franchisor each month a non-refundable amount of $200.00 per month (hereinafter referred to as the “Monthly Fee”).
(b) In addition to the Monthly Fee, Franchisee shall pay Franchisor a monthly royalty on certain food items that Franchisor has negotiated deviated pricing, with the royalty rate for each food item set opposite the name of such food item in Exhibit C attached hereto (the “Food Royalty Fee”).
(c) In addition to the Monthly Fee and the Food Royalty Fee, Franchisee shall pay Franchisor a monthly royalty on the items set forth in Exhibit D attached hereto (hereinafter referred to as the “Other Royalty Fee”, and with the Monthly Fee and the Food Royalty Fee collectively, the “Franchise Fees”). Currently, the Other Royalty Fee is one percent (1%) on all purchases on the items set forth in Exhibit D.
(d) For 2012, the maximum aggregate amount payable in any month by Franchisee for the Monthly Fee, Food Royalty Fee and Other Royalty Fee shall be capped at $1,500 per month (the “Monthly Cap”). For each subsequent year, the Franchisor may increase the Monthly Cap by up to 3% or by the consumer price index for the previous year (as published by the Bureau of Labor Statistics of the United States Department of Labor), whichever is the greater.
(e) Franchisor has the right, at its sole discretion, to amend, update or change the items listed in Exhibit C, Exhibit D, and the Taste of Philly order guide, at any time. Franchisee acknowledges Franchisor’s right to collect fees, rebates, and marketing allowances from food distributors, food manufacturers, food brokers, or other vendors or suppliers, as well as from Franchisee. Franchisee shall have no claim for offset or a reduction in fees with respect to any fees Franchisor may negotiate from any other party.