Monthly Royalty. The Franchisee agrees to pay to the Franchisor a monthly royalty (“Royalty”) equal to 5% of its Gross Retail Sales generated from or through its ROCKY MOUNTAIN CHOCOLATE FACTORY Store. The Franchisee also agrees to pay a quarterly Royalty based on Adjusted Gross Retail Sales during each calendar quarter. The amount of monthly Royalty paid during each quarter shall be credited toward the amount of quarterly Royalty owed. Within 15 days following the end of each calendar quarter, the Franchisor shall calculate the amount of the Franchisee’s Adjusted Gross Retail Sales during the previous quarter and the Franchisee shall owe the Franchisor a quarterly Royalty equal to 10% of its Adjusted Gross Retail Sales. “Adjusted Gross Retail Sales” shall be calculated as the amount of “Gross Retail Sales,” defined in Section 11.2 below, minus a fixed dollar amount for each pound of Factory Candy purchased from the Franchisor and minus a multiple of the wholesale price, as specified by the Franchisor, on certain Store Candy ingredients, packaging and other products and supplies purchased from the Franchisor during the previous calendar quarter. The Franchisor reserves the right to change the fixed dollar amount per pound of Factory Candy and the multiple of the wholesale price from time to time, in the Franchisor’s sole discretion. The Franchisee shall be notified of any credits from or amounts owing to the Franchisor for the quarterly Royalty based on Adjusted Gross Retail Sales. Any credits or amounts owed will be added to or deducted from the following month’s monthly Royalty payment. If the Franchisee owns other ROCKY MOUNTAIN CHOCOLATE FACTORY Stores governed by other franchise agreements that calculate Royalties differently than described above, the Franchisor reserves the right to adjust the calculation of Adjusted Gross Retail Sales based on variances in other Stores’ past and current purchases.
Monthly Royalty. The Franchisee agrees to pay to the Franchisor a monthly royalty (“Royalty”) equal to 5% of its Gross Retail Sales generated from or through its ROCKY MOUNTAIN CHOCOLATE FACTORY Store. The Franchisee also agrees to pay a quarterly Royalty based on Adjusted Gross Retail Sales during each calendar quarter. The amount of monthly Royalty paid during each quarter shall be credited toward the amount of quarterly Royalty owed. Within 15 days following the end of each calendar quarter, the Franchisor shall calculate the amount of the Franchisee’s Adjusted Gross Retail Sales during the previous quarter and the Franchisee shall owe the Franchisor a quarterly Royalty equal to 10% of its Adjusted Gross Retail Sales. “
Monthly Royalty. The Franchisee agrees to pay to the Franchisor a monthly royalty ("Royalty") equal to 5% of the total amount of its "Royalty Based Revenues" (defined in Section 11.2 below) for the first $200,000 of the Center's Royalty Based Revenues, 4 1/2% for the next $50,000 of the Center's Royalty Based Revenues, 4% for the next $50,000 of the Center's Royalty Based Revenues, 3 1/2% for the next $50,000 of the Center's Royalty Based Revenues, and 3% for all subsequent Royalty Based Revenues of the Center received in that calendar year.
Monthly Royalty. The Franchisee agrees to pay to the Franchisor a monthly royalty (“Royalty”) equal to 5% of its Gross Retail Sales generated from or through its «FRANCHISOR’S MARK» Store. The Franchisee also agrees to pay a quarterly Royalty based on Adjusted Gross Retail Sales during each calendar quarter. The amount of monthly Royalty paid during each quarter shall be credited toward the amount of quarterly Royalty owed.
Monthly Royalty. The Franchisee agrees to pay to the Franchisor a monthly royalty ("Royalty") equal to seven percent of the total amount of its Gross Retail Sales, defined in Section 11.2 below, generated from or through its FUZZIWIG'S-TM- CANDY FACTORY Business.
Monthly Royalty. In addition, Developer shall pay to Novell a royalty based upon the number of copies of each Qualifying Developer Product transferred, sold or licensed by Developer. Royalties shall accrue upon transfer, sale or license of Qualifying Developer Products by Developer and shall be paid to Novell no later than forty-five (45) days after the end of each month.
Monthly Royalty. Pxxxxxxx Xx addition to the License Fee, TCP shall pay to PRACTICAL a non-refundable Monthly Royalty Payments based on the following terms: For each and every calendar month, on or before the 15th day of the following calendar month during the term of this AGREEMENT and/or as long as PRODUCTS are sold by TCP or any other SELLER, the Monthly Royalty Payments shall be equal to twenty cents ($0.20) multiplied by the aggregate number of PRODUCTS sold during that particular month. However, in no case shall the Monthly Royalty Amount be higher than:
a) Four percent (4%) of the first five hundred thousand dollars ($500,000) of the NET SALES of all PRODUCTS, as defined in this AGREEMENT; and
b) Two percent (2%) of all NET SALES above the first five hundred thousand dollars ($500,000) and up to one million five hundred thousand dollars ($1,500,000) during that particular calendar month; and
c) One percent (1%) of all NET SALES above the one million five hundred thousand dollars ($1,500,000) and up to two million five hundred thousand dollars ($2,500,000) during that particular calendar month; and
d) One half percent (0.5%) of all NET SALES above the two million five hundred thousand dollars ($2,500,000) during that particular calendar month.
Monthly Royalty. Company agrees to pay Novell Monthly Royalties (as --------------- set forth in the ICSP Price List) for each User of each Novell Software shipped to Company hereunder. The Monthly Royalty will be calculated using the highest number of Users of a particular product during the month.
Monthly Royalty. For each calendar month commencing on the Effective Date, GNOG shall be obligated to pay to GN an amount equal to three percent (3%) of Net Gaming Revenue generated from the GNOG Gaming Service for such month (“Monthly Royalty”) as provided in the License Agreement. For the avoidance of doubt, any Monthly Royalties paid under this Agreement which would also be owed under the GN License shall be in lieu of, and not in addition to, such amounts owed under the GN License.
Monthly Royalty a. The Monthly Royalty paid to Lessor will be based on the following formula as follows:
i. $ 1 per registered member per month (as defined as any member who has logged on in any 91 day period of time) Plus a 5% Royalty on the gross revenues derived by any sales, ad placements and or development agreements within the xxx.xxx.xxx domain and any and all sub and xxx-xxx.xxx.xxx domains for the ----------- period on June 1, 2009 to May 31, 2010.
ii. $ 1.50 per registered member per month (as defined as any member who has logged on in any 91 day period of time) Plus 6% Royalty on the gross revenues derived by any sales, ad placements and or development agreements within the xxx.xxx.xxx domain and any and all sub and xxx-xxx.xxx.xxx domains for the ----------- period on June 1, 2010 to May 31, 2011.
iii. $ 2.00 per registered member per month (as defined as any member who has logged on in any 91 day period of time) Plus a 7% Royalty on the gross revenues derived by any sales, ad placements and or development agreements within the xxx.xxx.xxx domain and any and all sub and xxx-xxx.xxx.xxx domains for the ----------- period on June 1, 2011 to May 31, 2012.
iv. $ 2.50 per registered member per month (as defined as any member who has logged on in any 91 day period of time) Plus a 8% Royalty on the gross revenues derived by any sales, ad placements and or development agreements within the xxx.xxx.xxx domain and any and all sub and xxx-xxx.xxx.xxx domains for the ----------- period on June 1, 2012 to May 31, 2013.
