REFUND OF INITIAL FEE. If this Agreement is terminated by Elephant & Castle pursuant to Article 4.2, then Elephant & Castle will retain fifty percent (50%) of the Initial Fee paid by the Franchisee as payment for the administrative and out-of-pocket expenses incurred by Elephant & Castle including, but not limited to, executives' and employees' salaries, salespersons' commissions, attorneys' fees, accountants' fees, travel expenses, training costs, legal compliance, marketing costs and long distance telephone calls. CONTINUING FEE AMOUNT OF CONTINUING FEE; DATE PAYABLE. In addition to the Initial Fee payable by the Franchisee, the Franchisee will pay Elephant & Castle a weekly Continuing Fee equal to the greater of: (a) five percent (5%) of the Franchisee's weekly Gross Sales for the preceding week; or (b) one thousand two hundred and fifty dollars ($1,250). The weekly Continuing Fee will be paid to Elephant & Castle by the Franchisee by Wednesday of each week for the preceding week. The minimum weekly Continuing Fee of one thousand two hundred and fifty dollars ($1,250) will not be applicable until the first full week of the seventh month after the date of this Agreement, and beginning on Wednesday of that week, the Franchisee will pay the greater of the amounts set forth above.
REFUND OF INITIAL FEE. In the event that the FRANCHISEE or this Agreement is rejected by COST CUTTERS pursuant to Article 4.2, then the Initial Fee will be refundable to the FRANCHISEE after deducting all reasonable administrative and out-of-pocket expenses incurred by COST CUTTERS including, but not limited to, executives' and employees' salaries, costs for the time of its employees, salespersons' commissions, marketing costs, training costs, attorneys' fees, accountants' fees, travel expenses and long distance telephone calls. The FRANCHISEE will be notified by COST CUTTERS in writing if either this Agreement or the FRANCHISEE is rejected by COST CUTTERS pursuant to Article 4.
REFUND OF INITIAL FEE. In the event that either this Agreement or the FRANCHISEE is rejected by CITY LOOKS pursuant to Article 4.2 above, then the Initial Fee will be refundable to the FRANCHISEE after deducting all reasonable administrative and out-of-pocket expenses incurred by CITY LOOKS including, but not limited to, executives' and employees' salaries, costs for the time of its employees, salespersons' commissions, marketing costs, training costs, attorneys' fees, accountants' fees, travel expenses and long distance telephone calls. The FRANCHISEE will be notified by CITY LOOKS in writing if either this Agreement or the FRANCHISEE is rejected by CITY LOOKS pursuant to Article 4.
REFUND OF INITIAL FEE. In the event that the FRANCHISEE or this Agreement is rejected by WCH pursuant to Article 4.2, then the Initial Fee will be refundable to the FRANCHISEE after deducting all reasonable administrative and out-of-pocket expenses incurred by WCH including, but not limited to, executives' and employees' salaries, costs for the time of its employees, salespersons' commissions, marketing costs, training costs, attorneys' fees, accountants' fees, travel expenses and long distance telephone calls. The FRANCHISEE will be notified by WCH in writing if either this Agreement or the FRANCHISEE is rejected by WCH pursuant to Article 4.
REFUND OF INITIAL FEE. In the event that either this Agreement or the FRANCHISEE is rejected by CITY LOOKS pursuant to Article 4.2 above, then the Initial Fee will be refundable to the FRANCHISEE after deducting all reasonable administrative and out-of-pocket expenses incurred by
REFUND OF INITIAL FEE. In the event that the FRANCHISEE or this Agreement is rejected by WCH pursuant to Article 4.2, then the Initial Fee will be refundable to the FRANCHISEE after deducting all reasonable administrative and out-of-pocket expenses incurred by WCH including, but not limited to, executives' and employees' salaries, costs for the time of its employees, salespersons' commissions, marketing costs, training costs, attorneys' fees, accountants' fees, travel expenses and long
REFUND OF INITIAL FEE. In the event that the FRANCHISEE or this Agreement is rejected by COST CUTTERS pursuant to Article 4.2, then the Initial Fee, only if paid to COST CUTTERS under the provisions of Articles 4.1(A) or 4.1(C) above, will be refundable to the FRANCHISEE after deducting all reasonable administrative and out-of-pocket expenses incurred by COST CUTTERS including, but not limited to, executives' and employees' salaries, costs for the time of its employees, salespersons' commissions, marketing costs, training costs, attorneys' fees, accountants' fees, travel expenses and long distance telephone calls. The FRANCHISEE will be notified by COST CUTTERS in writing if either this Agreement or the FRANCHISEE is rejected by COST CUTTERS pursuant to Article 4.
