Payment of Franchise Fees Sample Clauses

Payment of Franchise Fees. I. Payments due under this Section will be computed and paid quarterly, for the preceding quarter, as of March 31, June 30, September 30, and December 31. Each quarterly payment will be due and payable no later than thirty (30) days after the dates listed in the previous sentence. At the time of quarterly payment, the Grantee will submit a report to the Grantor, verified by an officer of Grantee, which will contain an accurate statement of all Gross Revenues related to operation of the cable system franchised hereunder, in sufficient detail to enable the Grantor to verify the accuracy of franchise fee payments. Grantee will provide additional information requested by Grantor within 15 days, if so requested by Grantor, at no cost to Grantor.
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Payment of Franchise Fees i. Payments due under this provision shall be computed and paid quarterly, for the preceding quarter, as of March 31, June 30, September 30, and December 31. Each quarterly payment shall be due and payable no later than forty five days after the dates listed in the previous sentence. A quarterly report shall be made as hereinafter provided which shall contain the relevant facts necessary for the Grantor to verify the amounts of franchise fee payments.
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Payment of Franchise Fees. (a) Franchisee shall pay to Town an annual franchise fee of five percent (5%) of Gross Revenues.
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Payment of Franchise Fees. Commencing October 1, 2015, Company shall pay said Franchise Fee to County by the 15th day of the month following the month the Gross Revenues are collected. Each such payment shall be accompanie d by an accounting, which sets forth Company's Gross Revenues collected during the preceding month and shall include Summary Pay Cycle Report(s) generated from the Company's proprietary billing system summarizing the Gross Revenues collected. For the purposes of this Section, Company's Gross Revenues shall be documented in a form approved by the County. Commenc ing on October 1, 2016 and on each anniversary thereafter, Company shall provide County with an audited statement of Franchise Fees owed pursuant to this Agreement audited by a qualifie d independe nt certified public accountant licensed and in good standing in the State of California documenting Gross Revenues collected for Company's previous fiscal year period of July 1 through June 30. Such audited statement of Franchise Fees shall include a certification that the Company's Recycling Revenue Allocation Model reflects any changes resulting from the Company's waste characterization study. If the Franchise Fees paid for such period of time were less than the applica ble Base Franchise Fee, Company shall remit the difference to the County within ten (10) business days. No acceptance by County of any payment shall be construed as an accord that the amount is in fact the correct amount, nor shall such acceptance of payment be construed as a release of any claim County may have against Company for any additiona l sums payable under this Agreement.
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Payment of Franchise Fees. Sellers hereby agree to pay on the Settlement Date all amounts due and owing pursuant to the Franchise Agreements, including but not limited to the Royalty Fee and Ad Fee (all as defined in the Franchise Agreements) prorated to the Closing Date.
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Payment of Franchise Fees. The Franchisee shall pay as compensation to the City, for the rights and benefits granted hereunder, a Franchise fee equal to fifteen (15) percent of the Franchisee’s Gross Revenues. For purposes of this Agreement, Gross Revenues shall consist of all revenues the Franchisee is entitled to collect from the Franchisee’s customers for providing Commercial Solid Waste Collection Services in the City. Gross Revenues are equal to the Franchisee’s xxxxxxxx for Commercial Solid Waste Collection Services, with no deductions, except for bad debts written off in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board. Notwithstanding anything else contained in this paragraph, Gross Revenues do not include the amount billed by the Franchisee to its customers to pay the Franchise fee. Franchise fee payments for Commercial Solid Waste Collection Services shall be due forty-five (45) days after the end of each month in which the Franchisee provided such services. Each payment shall be accompanied by a statement of the Franchisee’s Gross Revenues for the month, which shall be submitted on a form prescribed by the City’s Department of Revenue and Finance. The Franchise fees shall be paid directly to the City’s Department of Revenue and Finance. Statements and remittances shall be accepted as timely if postmarked within forty-five (45) days after the end of the month in which the Commercial Solid Waste Collection Services were provided; if the forty-fifth (45th) day falls upon a Saturday, Sunday, or federal or state holiday, the statements and remittances shall be accepted as timely if postmarked on the next succeeding workday. A Franchisee’s failure to pay the necessary Franchise fees in compliance with this Agreement and the Ordinance shall constitute a default under this Agreement, which may result in a suspension or revocation (i.e., termination) of this Agreement and the Franchise. The City may pursue all remedies at law, now in effect or as amended, for the collection of any delinquent payments of Franchise fees. Payments not received by the due date shall be assessed (a) an administrative fee to reimburse the City for the reasonable administrative costs associated with collecting such monies and (b) interest for each day of delinquency at the rate of eighteen (18) percent per annum or the maximum allowed by law, whichever is less, in accordance with the City of Tampa Code, Section 1-28 (“Collection charges; interest...
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Related to Payment of Franchise Fees

  • Payment of Fees All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to the Issuing Lender, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders entitled thereto. Fees paid shall not be refundable under any circumstances.

  • Payment of Fee The cash management fee referred to in Clause 9.1 (Fee Payable) shall only be payable to the Current Issuer Cash Manager on each Payment Date in the manner contemplated by, in accordance with and subject to the provisions of the Current Issuer Pre-Enforcement Revenue Priority of Payments or, as the case may be, the Current Issuer Post-Enforcement Priority of Payments.

  • License Fees If so provided in the Prospectus, the Depositor may enter into a Licensing Agreement (the "Agreement") with a licensor (the "Licensor") described in the Prospectus in which the Trust(s), as consideration for the licenses granted by the Licensor for the right to use its trademarks and trade names, intellectual property rights or for the use of databases and research owned by the Licensor, will pay a fee set forth in the Agreement to the applicable Licensor or the Depositor to reimburse the Depositor for payment of the expenses. If the Agreement provides for an annual license fee computed in whole or part by reference to the average daily net asset value of the Trust assets, for purpose of calculating the accrual of estimated expenses such annual fee shall accrue at a daily rate and the Trustee is authorized to compute an estimated license fee payment (i) until the Depositor has informed the Trustee that there will be no further deposits of additional Securities, by reference to an estimate of the average daily net asset value of the Trust assets which the Depositor shall provide the Trustee, (ii) thereafter and during the calendar quarter in which the last business day of the period described in clause (i) occurs, by reference to the net asset value of the Trust assets as of such last business day, and (iii) during each subsequent calendar quarter, by reference to the net asset value of the Trust assets as of the last business day of the preceding calendar quarter. The Trustee shall adjust the net asset value (Trust Fund Evaluation) as of the dates specified in the preceding sentence to account for any variation between accrual of estimated license fee and the license fee payable pursuant to the Agreement, but such adjustment shall not affect calculations made prior thereto and no adjustment shall be made in respect thereof.

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