MASTER FRANCHISE FEE Clause Samples
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MASTER FRANCHISE FEE. Upon execution of this Agreement, there will be due to the Company, from the Master Franchisor, a Master Franchise Fee in the amount of US$220,000, of which $20,000 shall be payable at Closing and the balance shall be payable, together with interest, at the rate of twelve (12%) percent per annum, in 84 consecutive monthly installments of US$3,530.55, commencing the first day of the first full month following the Closing, pursuant to a Promissory Note to be executed at Closing (the "Master Fee Note").
MASTER FRANCHISE FEE. On its execution of the Agreement, Master Franchisee will pay Franchisor an initial master franchise fee of US $150,000.00.
MASTER FRANCHISE FEE. The Master Franchisee shall pay to the Franchisor an initial fee of U.S. $3,570,000 (the "Master Franchise Fee") payable: (i) U.S. $24,000 payable at the same time this Agreement is signed (for the first 120 Lines); and (ii) U.S. $1,000 for each additional Line but not to exceed U.S. $3,570,000 regardless if more than 3,666 Lines are deployed. The Master Franchise Fee or any portion thereof paid to the Franchisor is non-refundable in consideration for administrative and other costs incurred by the Franchisor and opportunities lost or deferred as a result of the rights granted to the Master Franchisee in this Agreement.
MASTER FRANCHISE FEE. In consideration of the rights granted under this Agreement and the development opportunities lost or deferred as a result of the rights granted under this Agreement, Master Franchisee shall pay to Franchisor an initial, non-refundable master franchise fee (“Master Franchise Fee”) of Two Million Seven Hundred Thousand U.S. Dollars (U.S. $2,700,000. Franchisor acknowledges receipt of One Hundred Thousand U.S. Dollars (U.S. $100,000) for the deposit under the parties’ letter of intent prior to the date hereof. Master Franchisee shall pay Franchisor upon execution of this Agreement, Three Hundred Thousand U.S. Dollars (U.S. $300,000) and shall pay the remaining Two Million Three Hundred Thousand U.S. Dollars (U.S. $2,300,000) for the balance of the Master Franchise Fee due hereunder, no later than June 30, 2021. The Master Franchise Fee shall be deemed fully-earned and non-refundable when paid.
MASTER FRANCHISE FEE. Master Franchisee has paid to Franchisor the sum of $300,000 as a development fee. This fee is deemed fully earned and is non-refundable.