Payment to LFA. Franchisee shall pay to LFA a Franchise fee of three percent (3%) of annual Gross Revenue. In accordance with Title VI of the Communications Act, the twelve (12) month period applicable under the Franchise for the computation of the Franchise fee shall be a calendar year. Such payments shall be made no later than forty-five (45) days following the end of each calendar quarter. Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall be refunded any payments that were incorrectly submitted, in connection with the quarterly Franchise fee remittances within 90 days following the close of the calendar year for which such payments were applicable.
Payment to LFA. Franchisee shall pay to the LFA a Franchise Fee of five percent (5%) of annual Gross Revenue (the “Franchise Fee”). In accordance with Title VI, the twelve (12) month period applicable under the Franchise for the computation of the Franchise Fee shall be a calendar year. Such payments shall be made no later than forty-five (45) days following the end of each calendar quarter. Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall be refunded any payments that were incorrectly submitted, in connection with the quarterly Franchise Fee remittances within ninety (90) days following the close of the calendar year for which such payments were made. Late payments shall be subject to interest at a rate of nine percent (9%) per annum from the due date to the date the payment is made.
Payment to LFA. Franchisee shall pay to the LFA a Franchise fee of five percent (5%) of annual Gross Revenue. In accordance with Title VI of the Communications Act, the twelve (12) month period applicable under this Agreement for the computation of the Franchise fee shall be a calendar year. Such payments shall be made no later than thirty (30) days following the end of each calendar quarter. In connection with the filing of Franchisee’s Annual Statement of Gross Revenues under Section 10-10-102(a) of the Cable Law, Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall receive a credit from the LFA for any payments that were incorrectly submitted, in connection with the quarterly Franchise fee remittances following the close of the calendar year for which such payments were applicable.
Payment to LFA. Beginning sixty (60) days after the effective date of this Agreement, Franchisee shall pay to the LFA a Franchise Fee of five percent (5%) of annual Gross Revenue (the “Franchise Fee”). In accordance with Title VI, the twelve (12) month period applicable under the Franchise for the computation of the Franchise Fee shall be a calendar year. Such payments shall be made quarterly no later than forty-five (45) days following the end of each calendar quarter. Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall be refunded any payments that were incorrectly submitted, in connection with the quarterly Franchise Fee remittances within ninety (90) days following the close of the calendar year for which such payments were applicable.
Payment to LFA. Beginning sixty (60) days after the Effective Date, Franchisee shall pay to the LFA a Franchise Fee of five percent (5%) of annual Gross Revenue (the “Franchise Fee”); provided however that until such time as Franchisee shall pay a Franchise Fee in accordance with this Franchise, it shall continue to pay a franchise fee in accordance with its previous franchise renewal agreement with the LFA. In accordance with Title VI, the twelve
Payment to LFA. Beginning sixty (60) days after the effective date of this Agreement, Franchisee shall pay to the LFA a Franchise Fee of five percent (5%) of annual Gross Revenue (the “Franchise Fee”); provided, however, that at such time as the LFA requires all cable service providers in the Service Area, as may be permitted by law, to pay a higher percentage of Franchise Fee, the LFA shall, upon ninety (90) days’ prior written notice to the Franchisee, require Franchisee to pay a percentage greater than five percent (5%) and Franchisee agrees to pay such percentage on a going forward basis, so long as all cable service providers in the Service Area are paying the same percentage of franchise fee; provided, further, that if at any time any cable service provider in the Service Area pays a lower percentage of Franchise Fee than Franchisee is paying, then the LFA shall promptly notify Franchisee and Franchisee shall be entitled to pay the lowest percentage of Franchise Fee being paid by any cable service provider in the Service Area. In accordance with Title VI, the twelve (12) month period applicable under the Franchise for the computation of the Franchise Fee shall be a calendar year. Such payments shall be made on a quarterly basis for the periods January 1 through March 31; April 1 through June 30; July 1 through September 30; and October 1 through December 31. Each payment shall be due no later than forty-five (45) days following the end of each calendar quarter. Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall be refunded any payments that were incorrectly submitted, in connection with the quarterly Franchise Fee remittances within ninety (90) days following the close of the calendar year for which such payments were applicable.
Payment to LFA. Franchisee shall pay to the LFA a Franchise Fee of five percent (5%) of annual Gross Revenue (the “Franchise Fee”). In accordance with Title VI, the twelve (12) month period applicable under the Franchise for the computation of the Franchise Fee shall be a calendar year. Such payments shall be made no later than forty-five (45) days following the end of each calendar quarter. Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall be refunded any payments that were incorrectly submitted, in connection with the quarterly Franchise Fee remittances within ninety (90) days following the close of the calendar year for which such payments were applicable. Late payments for Franchise Fees shall be subject to interest at the then-current rate set forth in Section 5004 of Article 50 of the New York Civil Practice Law and Rules (which as of the date of execution of this Agreement is nine percent (9%) per annum) from the due date to the date that such payment is made.
Payment to LFA. Franchisee shall pay to the LFA a Franchise Fee of five percent (5%) of annual Gross Revenue (the “Franchise Fee”). In accordance with Title VI, the twelve (12) month period applicable under the Franchise for the computation of the Franchise Fee shall be a calendar year. Such payments shall be made no later than forty-five (45) days following the end of each calendar quarter. Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall be refunded any payments that were incorrectly submitted, in connection with the quarterly Franchise Fee remittances within ninety (90) days following the close of the calendar year for which such payments were applicable.
6.1.1. In the event that the existing cable service provider in the Service Area agrees to do the same in a renewal franchise agreement that is confirmed by an order of the NY PSC, and all other cable service providers in the Service Area are required to the same, and the LFA provides Franchisee with written notice and satisfactory evidence thereof, commencing with the first full calendar quarter after Franchisee’s receipt of such notice, late payments of Franchise Fees shall be subject to interest at the then current rate set forth in Section 5004 of the new York Civil Practice law and Rules which as of the date of execution of this Agreement is nine percent (9%) per annum from the due date to the date that such payment is made.
Payment to LFA. Franchisee shall pay to the LFA a Franchise fee of five percent (5%) of annual Gross Revenue. In accordance with Title VI of the Communications Act, the twelve (12) month period applicable under the Franchise for the computation of the Franchise fee shall be a calendar year. Such payments shall be made no later than forty-five (45) days following the end of each calendar quarter. Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall be refunded any payments that were incorrectly submitted, in connection with the quarterly Franchise fee remittances within ninety (90) days following the close of the calendar year for which such payments were applicable.
6.1.1. Notwithstanding any other provision set forth in this Section 6, the parties acknowledge that this Section 6.1 is subject to pre-emption by Title 15.2 of the Code of Virginia, Chapter 21, Article 1, Section 15.2-2108.1:1 (the “Virginia Communications Sales and Use Tax”), and agree to comply with all applicable requirements set forth in Section 15.2- 2108.1:1.
Payment to LFA. Franchisee shall pay to LFA a Franchise fee of five percent (5%) of annual Gross Revenue. In accordance with Title VI of the Communications Act, the twelve (12) month period applicable under the Franchise for the computation of the Franchise fee shall be a calendar year. Such payments shall be made no later than forty five (45) days following the end of each calendar quarter. Franchisee shall be allowed to submit or correct any payments that were incorrectly omitted, and shall be refunded any payments that were incorrectly submitted, in connection with the quarterly Franchise fee remittances within ninety (90) days following the close of the calendar year for which such payments were applicable. Franchisee agrees to wire Franchisee fee payments to LFA upon LFA’s prior written request. A copy of Franchisee’s proposed Franchise Fee Schedule/Report is attached hereto as Exhibit E.
