Common use of Franchise Fees Clause in Contracts

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. As compensation for the Franchise granted to the Company, the City shall receive payment of a total annual armual fee of three four (34) 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 mmual fee of up to five (5) percent of the gross receipts at each five (54) year anniversary armiversary 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. 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 limits; payable each calendar quarter on January 15, April 15, July 15 PUBLIC SERVICE COMMISSION OF KENTUCKY and October 15 for 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 agreementimmediate past quarter; 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. As compensation for the Franchise granted to the Company, the City shall receive payment of a total annual fee of three two and one half (32.5) 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 reserved right to increase to a total annual fee of up to five (5) percent of the gross receipts at each five (5) year anniversary amtiversary of the franchise agreementagreement ; 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 furtherfitrlher, 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. As compensation for the Franchise granted to the Company, the City shall receive payment of a total annual ammal 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 reserved 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. 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 anual fee of up to five (5) percent of the gross receipts at each five (5) year anniversary aniversary 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. As compensation for the Franchise granted to the Company, the City shall receive payment of a total annual fee of two and three tenths (32.3) 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 reserved right to increase to a total annual fee of up to five (5five(5) percent of the gross receipts at each five (5five(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 Commission(or its successor) to pass through such fee to the entities served by it inside the City's corporate limits; and provided furtherprovidedfurther, the City shall provide the Company a list, in electronic format, of all electric-electric­ consuming entities within the City limits that are to be served by the Company, which list shall be updated annually.

Franchise Fees. As compensation for the Franchise granted to the Company, the City shall receive payment of a total annual fee of three and a half (33.5) percent of gross receipts per year from the Company's sale of electricity to electric-consuming 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. 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. 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 reserved 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 furtherfitrther, 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.