Percentage Fee Sample Clauses
Percentage Fee. 8.4.1 The following Percentage Fee by category of product sold at the Facilities shall be applied to Gross Sales per month beginning on the Effective Date. 8.4.2 .1 Retail products % .2 Duty Free products % .3 Automated Retail products %
Percentage Fee. The Licensee and Licensor agree that the profit to be recognized by each party shall be earned and distributed as follows: (i) fifty-one percent (51%) of the net revenue derived from the sale of Products under the Brand shall be earned by and distributed to Licensee and (ii) forty-nine percent (49%) of the net revenue derived from the sale of Products under the Brand shall be earned by and distributed to Licensor as license fees. For the purposes hereof, “net sales” shall mean the gross amount invoiced to third parties by Licensee less the sum of: (a) trade, cash and quantity discounts or rebates actually allowed or taken; (b) credit or allowances given or made for rejection of or return of previously sold Products or for retroactive price reduction; (c) charges for insurance, freight and other transportation costs directly related to delivery of the Products; and (d) sales, transfer and other excise taxes levied on the sale of the Products . The payment by the Licensee to the Licensor shall be within thirty (30) days following the calendar month in which payment for the net revenue was received. No percentage fee payment shall be made to Licensor until such time as the aggregate percentage fee payments earned by Licensor exceed Thirty Thousand Dollars ($30,000). The percentage fee shall be computed and paid in accordance with Licensee’s accounting records. All withholding and other taxes that may be imposed on Licensee shall be deducted from the payment of such fees upon provision to Licensor of an official receipt evidencing payment of such taxes. All out-of-pocket expenses related to the manufacture of the Products after the date hereof shall managed by, and the responsibility of, Licensee. Licensor shall have the right to assign and/or sell its revenue interest to a third party upon thirty (30) days prior written notice.
Percentage Fee. “Percentage Fee” shall have the meaning set forth in Section 4.1 of this Agreement.
Percentage Fee. The “Percentage Fee” is an amount equal to % of Gross Revenues in the applicable Lease Year. {To be modified in accordance with the Selected Respondent’s proposal.}
Percentage Fee. In addition to the MAPF, Concessionaire covenants to pay a Percentage Fee in an amount equal to Gross Receipts for the month multiplied by the Percentage Fee Rate stated in the Summary of Contract Provisions, but only to the extent that such amount exceeds the MAPF for the Contract Year. If the Percentage Fee calculated in accordance with this Section 5.03 is an amount less than the MAPF, no Percentage Fee shall be payable.
Percentage Fee. The Percentage Fee for each Unit shall be an annual amount equal to the aggregate total sum of the Gross Revenues (as defined in Section 4.1.4 below) for the applicable Agreement Year for each product category or other source (herein, “Product Category”) listed in the table below multiplied times the K:RT/CDG/Concessions/Food&Beverage/Areas/T7-LAX-F&B 2017-02-27-Contract-T7-LAX-F&B-v3 corresponding fixed percentage (each, a “Percentage Multiplier”) listed in the table below: Alcoholic Beverages 21.5% All Other Items 16.5% The Percentage Fee shall be payable in monthly installments, subject to year-end reconciliation as provided in Section 4.7.2.4 below.
Percentage Fee. Commencing October 1, 2021, Concessionaire shall pay a Percentage Fee for each Contract Year in an amount equal to Gross Receipts for the Contract Year multiplied by the Percentage Fee Rate stated in the Summary of Contract Provisions.
Percentage Fee. The “Percentage Fee” is an amount equal to the Percentage Rate set forth in Exhibit 2 multiplied by Gross Revenues for each License Year, including the Initial License Year. The Percentage Fee is due annually on or before [insert month, date] of the succeeding License Year. The Percentage Rate applicable to this Agreement is %. Failure by Licensee to pay Fees, or any portion thereof, when due is an Event of Default.
Percentage Fee. The Percentage Fee shall be equal to the sum of the following with respect to the revenues derived by Owner with respect to the Center:
Percentage Fee. Licensee shall pay to Licensor the aggregate percentage fee calculated as set forth in Sections 5.3(a), (b), (c) and (d) (collectively the "Percentage Fee") described below, to the extent that for each three-month period commencing on and after February 16, 2001, the Percentage Fee calculated on a cumulative basis, reduced by the amount that the Carry Forward Amount, if any, exceeds the Minimum paid or payable for the relevant three-month period. The Percentage Fee, if any, shall be paid to Licensor on the tenth business day following the end of each calendar quarter, with respect to the calendar quarter immediately preceding the date such payment is due.
(a) Percentage Fee - Wagering (other than FOURS). With respect to all revenue generated by or for the benefit of Licensee, any of its Affiliates or any of its sublicensees, directly or indirectly, from Wagering activities utilizing the Licensed Technology, in whole or in part, other than Wagering on FOURS as described below, the Percentage Fee shall be the lesser of (i) 25% of the Hold, or (ii) 1% of the Handle.
(b) Percentage Fee - Wagering on FOURS. With respect to all revenue generated by or for the benefit of Licensee, any of its Affiliates or any of its sublicensees, directly or indirectly, from Wagering relating to FOURS, utilizing the Licensed Technology, in whole or in part, the Percentage Fee shall be the lesser of (i) 17 1/2% of the Hold or (ii) 0.7% of the Handle; provided, however, that (except as provided in Section 4.8) in the event that the Licensed Technology is not used in whole or in part in connection with Wagering on FOURS, Licensor shall not be entitled to receive a Percentage Fee with respect thereto.
(c) Percentage Fee - Non-Wagering. With respect to all revenue generated by or for the benefit of Licensee, any of its Affiliates or any of its sublicensees, directly or indirectly, from (i) games, contests or other competitions (including, but not limited to, FOURS) not involving Wagering and (ii) subscription fees paid by users or players, in each case, utilizing the Licensed Technology, in whole or in part, the Percentage Fee shall be 25% of the Gross Profit related thereto; provided, however, that in the event that the Licensed Technology is not used in whole or in part in connection with any of the revenue generating activities set forth in clause (i), (ii) and (iii) above, Licensor shall not be entitled to receive a Percentage Fee with respect thereto.
(d) Percentage Fee - Adverti...