Common use of Operations Fee Clause in Contracts

Operations Fee. (a) Payment of Operation Fee The Association will make an annual Operations Fee payment to the Park Board in an amount equivalent to a percentage of the Association’s gross prior year Facility-Generated Revenue and any gross revenue generated in respect of Licensed Childcare that is processed outside of the Registration System. These payments are not a gift and are being made as a commitment by the Association to the principle of equity in the Community Centre Network and as partial consideration for the rights being granted by the Park Board to the Association under this Agreement. The Park Board is considered a qualified donee for the purposes of the Income Tax Act as an administrative arm of the City of Vancouver. Notwithstanding the foregoing, the Association will not be required to make any Operations Fee payment in respect of revenue generated from Programming and services at Satellite Locations offered independently by the Association without the involvement or assistance of the Park Board or Park Board Personnel. The Association will pay its annual payment to the Park Board within 3 months of the end of the Association’s Fiscal Year. The percentage applicable for each year of the Term shall be as set out in the following table: Year of Term Percentage of Gross Revenue for Payment 1 0% 2 1% 3-10 2% each year Renewal Term 2%, or such greater amount as may be approved by the Park Board Commissioners in a public process. The purpose of the Operations Fee payment is to facilitate reinvestment in the Community Centre Network to achieve the Public Policy goals of the Park Board and/or increase equity across the Community Centre Network. Operations Fee payments will not be used to finance capital projects or provide supplemental funds to the budget of the Park Board. In situations of financial hardship, the Association may request that the Park Board permit a partial or total exemption from that year’s Operations Fee payment. The Park Board will have the right to review the Association’s books of account and other related financial information to assess claims of financial hardship. For the purposes of this Section, “financial hardship” shall mean when an Association has encountered unforeseen circumstances which have strained the Association’s financial capacity such that the Operations Fee payment will:

Operations Fee. (a) Payment of Operation Fee The Association will make providemake an annual Operations Fee payment to the Park Board in an amount equivalent to a percentage of the Association’s gross prior year Facility-Generated Revenue and any gross revenue generated in respect of Licensed Childcare that is processed outside of the Registration System. These payments are not a gift and are being made as a commitment by the Association to the principle of equity in the Community Centre Network and as partial consideration for the rights being granted by the Park Board to the Association under this Agreement. The Park Board is considered a qualified donee for the purposes of the Income Tax Act as an administrative arm of the City of Vancouver. Notwithstanding the foregoing, the Association will not be required to make any Operations Fee payment in respect of revenue generated from Programming and services at Satellite Locations offered independently by the Association without the involvement or assistance of the Park Board or Park Board Personnel. The Association will pay its annual payment to the Park Board within 3 months of the end of the Association’s Fiscal Year. The percentage applicable for each year of the Term shall be as set out in the following table: Year of Term Percentage of Gross Revenue for Payment 1 0% 2 1% 3-10 710 2% each year Renewal Term 2%, or such greater amount as may be approved by the Park Board Commissioners in a public process. The purpose of the Operations Fee payment is to facilitate reinvestment in the Community Centre Network to achieve the Public Policy goals of the Park Board and/or increase equity across the Community Centre Network. Operations Fee payments will not be used to finance capital projects or provide supplemental funds to the budget of the Park Board. In situations of financial hardship, the Association may request that the Park Board permit a partial or total exemption from that year’s Operations Fee payment. The Park Board will have the right to review the Association’s books of account and other related financial information to assess claims of financial hardship. For the purposes of this Section, “financial hardship” shall mean when an Association has encountered unforeseen circumstances which have strained the Association’s financial capacity such that the Operations Fee payment will:

Operations Fee. (a) Payment of Operation Fee The Association will make provide an annual Operations Fee payment to the Park Board in an amount equivalent to a percentage of the Association’s gross prior year Facility-Generated Revenue and any gross revenue generated in respect of Licensed Childcare that is processed outside of the Registration System. These payments are not a gift and are being made as a commitment by the Association to the principle of equity in the Community Centre Network and as partial consideration for the rights being granted by the Park Board to the Association under this Agreement. The Park Board is considered a qualified donee for the purposes of the Income Tax Act as an administrative arm of the City of Vancouver. Notwithstanding the foregoing, the Association will not be required to make any Operations Fee payment in respect of revenue generated from Programming and services at Satellite Locations offered independently by the Association without the involvement or assistance of the Park Board or Park Board Personnel. The Association will pay its annual payment to the Park Board within 3 months of the end of the Association’s Fiscal Year. The percentage applicable for each year of the Term shall be as set out in the following table: Year of Term Percentage of Gross Revenue for Payment 1 0% 2 1% 3-10 7 2% each year Renewal Term 2%, or such greater amount as may be approved by the Park Board Commissioners in a public process. The purpose of the Operations Fee payment is to facilitate reinvestment in the Community Centre Network to achieve the Public Policy goals of the Park Board and/or increase equity across the Community Centre Network. Operations Fee payments will not be used to finance capital projects or provide supplemental funds to the budget of the Park Board. In situations of financial hardship, the Association may request that the Park Board permit a partial or total exemption from that year’s Operations Fee payment. The Park Board will have the right to review the Association’s books of account and other related financial information to assess claims of financial hardship. For the purposes of this Section, “financial hardship” shall mean when an Association has encountered unforeseen circumstances which have strained the Association’s financial capacity such that the Operations Fee payment will: