Common use of Period 3 Clause in Contracts

Period 3. From May 1, 2015 through December 31, 2015 (“Period 3”), the Concessionaire shall pay a commission equal to 4% of Total Gross Sales each month, plus the applicable State Use Tax, (a percentage of the amount paid to the Department, equal to the sum of the state sales tax and applicable county discretionary sales tax percentages); and

Period 3. From May April 1, 2015 2019 through December March 31, 2015 2020 (“Period 3”), the Concessionaire shall pay to the Department a commission fee equal to 418% of Total Gross Sales each month, plus but not less than $100,000.00 annually (“Period 3 Minimum Guarantee”), which shall be assessed and any shortfall remitted at the end of each year of this Agreement, plus, the applicable State Use Tax, (a percentage of the amount paid to the Department, equal to the sum of the state sales tax and applicable county discretionary sales tax percentages); and