Common use of PAYMENTS TO COUNTY Clause in Contracts

PAYMENTS TO COUNTY. 7.1.1 In consideration of the granting of this franchise, and for the privilege of providing solid waste service along and within the rights-of-way of the county, Franchisee shall pay to County a franchise fee equal to ten percent (10%) of Franchisee's annual gross receipts attributable to services provided under this Agreement. 7.1.2 Franchisee shall submit to Director an annual detailed revenue statement and Franchisee shall pay its franchise fee to County, submitted to Director on a monthly basis. Payment of the monthly portion of the franchise fee shall be rendered to County monthly on or before the last business day of the following month in which Franchisee derives receipts for the services provided under the terms of this Agreement.. 7.1.3 In the event that payment is not received by County within thirty (30) days after the date specified in this Section, then Franchisee shall pay a penalty of ten percent (10%) on the outstanding balance, and Franchisee shall also pay to County interest on the outstanding balance at a rate of ten percent (10%) per annum, or the maximum legal rate of interest, whichever is greater, from the date of Franchisee's failure to pay. 7.1.4 The parties agree that such late charges represent a fair estimate of County’s added administrative expenses caused by such delinquent payments. 7.1.5 In the event of an underpayment of franchise fees by Franchisee, within thirty

PAYMENTS TO COUNTY. 7.1.1 In consideration of the granting of this franchise, and for the privilege of providing solid waste service along and within the rights-of-way of the county, Franchisee shall pay to County a franchise fee equal to ten percent (10%) of Franchisee's annual gross receipts attributable to services provided under this Agreement. 7.1.2 Franchisee shall submit to Director an annual detailed revenue statement and Franchisee shall pay its franchise fee to County, submitted to Director on a monthly basis. Payment of the monthly portion of the franchise fee shall be rendered to County monthly on or before the last business day of the following month in which Franchisee derives receipts for the services provided under the terms of this Agreement... 7.1.3 In the event that payment is not received by County within thirty (30) days after the date specified in this Section, then Franchisee shall pay a penalty of ten percent (10%) on the outstanding balance, and Franchisee shall also pay to County interest on the outstanding balance at a rate of ten percent (10%) per annum, or the maximum legal rate of interest, whichever is greater, from the date of Franchisee's failure to pay. 7.1.4 The parties agree that such late charges represent a fair estimate of County’s added administrative expenses caused by such delinquent payments. 7.1.5 In the event of an underpayment of franchise fees by Franchisee, within thirty