Payment to City Sample Clauses

Payment to City. 4.1 Licensee shall pay the City License fees for each Operating Year consisting of the higher amount of the minimum annual fee or an annual percentage of Gross Receipts derived from the operation of the Licensed Premises as set forth below: 4.2 The minimum annual fee for each Operating Year shall be paid to the City in twelve (12) equal monthly installments on or before the first day of each month of each Operating Year in accordance with the Schedule of Minimum Annual Fee Payments to be provided by Parks upon its giving Notice to Proceed. Each monthly payment is due and payable on the date specified on the Schedule of Minimum Annual Fee Payments regardless of whether Licensee has received a xxxx for it from Parks. If at any time Licensee’s percentage fee for a particular Operating Year becomes applicable, Licensee shall thereafter for the remainder of such Operating Year pay the percentage fee on the thirtieth (30th) day of each month for the prior month’s Gross Receipts. 4.3 Late charges shall be assessed on any payment that is overdue for more than ten (10) days. In the event that payment of any License fees, percentage fees or any other charges shall become overdue for ten (10) days following the date on which such fees are due and payable as provided in this License, a late charge of two percent (2%) per month on the sums so overdue (computed on a thirty day month) from the date they were due and payable shall become immediately due and payable to Parks as liquidated damages for the administrative cost and expenses incurred by Parks by reason of Licensee’s failure to make prompt payment, and said late charges shall be payable by Licensee without notice or demand. For example, a monthly payment, in the amount of $1,000.00, due on the first (1st) day of the month must be received no later than the tenth (10th) day of the month. If no payment is received, a two percent (2%) late charge in the amount of $20.00 will be assessed on the eleventh (11th) day of the month. If such late fee(s) and all arrearages (including prior two percent (2%) charges) are not paid in full by the tenth (10th) day of the month following the month in which it shall be due, or is already past due, an additional charge of two percent (2%) of the total of such fee and arrears shall be added thereto and shall be payable and collectable with the next monthly license fee installment. Failure to abide by the terms of this Article shall be presumed to be a failure to substantially compl...

Payment to City. In the event the City determines after written notice to the Company that the Company is liable to the City for payments, costs, expenses or damages of any nature, and subject to the Company’s right to challenge such determination, the City may deduct all monies due and owing the City from any other amounts currently due and owing the Company. Upon receipt of such written notice, the Company may request a meeting between the Company’s designee and a designee of the City to discuss such determination. The City agrees to attend such a meeting. As an alternative to such deduction and subject to the Company’s right to challenge, the City may bill the Company for such assessment(s), in which case, the Company shall pay each such bill within thirty (30) days of the date of receipt of such bill unless it challenges the validity of the charge. If the Company challenges the City determination of liability, the City shall make such payments to the Company for Utility Service received by City pursuant to the Tariffs until the challenge has been finally resolved.

Payment to City. With respect to fees collected by Hotel Developer for parking spaces in the Hotel Deck, Hotel Developer shall account for such fees in the monthly statement provided under Section 5 of this Agreement and the City shall be paid:

Payment to City. The County agrees to reimburse the City for costs incurred, pursuant to Section 4.01. The County is responsible to pay these monies to the City within thirty (30) days of being invoiced for costs incurred or services performed. Costs will be invoiced at the completion of each project phase and upon final acceptance of the project, unless an alternate schedule is mutually agreed upon in writing by the authorized representatives of the Parties.

Payment to City. Licensee shall make the License Fee payments listed below to the City for each Operating Year, consisting of the higher of the minimum annual fee or an annual percentage of gross receipts derived from the operation of the Licensed Premises: Operating Year 1: October 1, 2021 to September 30, 2022 $2,500,000.00 10% Operating Year 2: October 1, 2022 to September 30, 2023 $2,500,000.00 10% Operating Year 3: October 1, 2023 to February 29, 2024 $1,041,666.65 10%

Payment to City. 4.1(a) Licensee shall pay to the City License fees for each Operating Year consisting of the annual fee as set forth below:

Payment to City. Franchisee shall pay to the City a Franchise Fee of five percent (5%) of annual Gross Revenue (the “Franchise Fee”). In accordance with Title VI, the twelve

Payment to City. The County agrees to reimburse the City for costs incurred, pursuant to Section 4.01(a), provided that, the County will complete all Concept Phase Activities of the Project and incur all associated Concept Phase Professional Services Costs, thus no reimbursement to the City is anticipated . The County is responsible to pay these monies to the City within thirty (30) days of being invoiced for costs incurred or services performed. Costs will be invoiced at the completion of each project phase and upon final acceptance of the project, unless an alternate schedule is mutually agreed upon in writing by the authorized representatives of the Parties.

Payment to City. 4.1 Licensee shall pay the City License fees for each Operating Year consisting of the higher of the minimum annual fee or an annual percentage of Gross Receipts derived from the operation of the Licensed Premises as set forth below: OPERATING YEAR MINIMUM ANNUAL FEE vs ANNUAL PERCENTAGE OF GROSS RECEIPTS 4.2 The minimum annual fee for each Operating Year shall be paid to the City in twelve (12) equal monthly installments on or before the first day of each month of each Operating Year in accordance with the Schedule of Minimum Annual Fee Payments to be provided by Parks upon its giving Notice to Proceed. Each monthly payment is due and payable on the date specified on the Schedule of Minimum Annual Fee Payments regardless of whether Licensee has received a bill for it from Parks. If at any time Licensee’s percentage fee for a particular Operating Year becomes applicable, Licensee shall thereafter for the remainder of such Operating Year pay the percentage fee on the thirtieth (30th) day of each month for the prior month’s Gross Receipts. 4.4 Late charges shall be assessed on any payment that is overdue for more than ten (10) days. (a) Upon affixing its signature to this License, Licensee shall deposit with the City the amount of One Hundred Sixty-One Thousand and Three Hundred Fifty-One Dollars and ten cents ($161,351.10) as its security deposit (“Security Deposit”). The Security Deposit may be in the form of an interest-bearing instrument or other format approved by Parks. The Security Deposit shall be held by the City, without liability for the City to pay interest thereon, as security for the full, faithful and prompt performance of and compliance with each and every term and condition of this License to be observed and performed by the Licensee. The Security Deposit shall remain with the City throughout the Term of this License. (b) The City shall not be obligated to place or to keep cash deposited hereunder in interest-bearing bank accounts; provided, however, any interest which accrues on the Security Deposit shall be the property of the Licensee, subject to any associated fees, including but not limited to, annual maintenance fees, as determined by the Comptroller. (c) If any fees or other charges or sums payable by Licensee to the City shall be overdue and unpaid or should the City make payments on behalf of the Licensee, or should the Licensee fail to perform any of the terms of this License, including but not limited to the completion of the mini...

Payment to City. In the event the City determines after written notice to the Company that the Company is liable to the City for payments, costs, expenses or damages of any nature, and subject to the Company's right to challenge such determination, the City may deduct all monies due and owing the City from any other amounts currently due and owing the Company. Upon receipt of such written notice, the Company may request a meeting between the Company's designee and a designee of the City to discuss such determination. The City agrees to attend such a meeting. As an alternative to such deduction, the City may bill the Company for such assessment(s), in which case the Company shall pay each such bill within thirty (30) days of the date of receipt of such bill. If the Company challenges the City determination of liability, the City shall make such payments to the Company pursuant to the Company's tariffs, rules, and regulations until the challenge has been finally resolved.