Surcharge Method of Precollection Sample Clauses

Surcharge Method of Precollection. At Licensor's option Licensor may require Licensee to pay to suppliers of food service products and ingredients a surcharge on all units of such commodities purchased by Licensee. Said surcharge shall be established by Licensor at a reasonable, rate so as to approximate the amount of license fee and sales promotion fee which will be payable by Licensee. Said surcharge shall be paid to said supplier or suppliers for the account of Licensor, and be regarded by the parties as a method of precollection of said license and sales promotion fees. The amounts so collected shall be credited by Licensor against the license and sales promotion fees due from Licensee to Licensor at the end of each month's operations. Licensor shall submit to License on Licensor's -11- <PAGE> choice of a monthly or quarterly basis a reconciliation of Licensee's license and sales promotion fees account setting forth the credit to Licensee's account from amounts collected for Licensor by suppliers by way of the aforesaid surcharge method. Should Licensee fail to submit reports in accordance with Paragraph 9.4, Licensor may make said reconciliation of amounts due in conformance with its best judgment as to amounts due and Licensor's reconciliation shall be conclusive as to the amounts due Licensor from Licensee within, a period of ten (10) days after mailing of said reconciliation to Licensee by Licensor, Licensee provides evidence in a form satisfactory to Licensor of the correct amounts due. Licensee shall pay such amounts, if any determined to be owed pursuant to Licensor's reconciliation within ten (10) days after a mailing of notice to Licensee by Licensor. If Licensor determines that Licensee has over-paid license or sales promotion fees on the surcharge basis, Licensor shall remit to Licensee an amount equal to the excess fees collected at the time the monthly or quarterly reconciliation is provided Licensee.
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Related to Surcharge Method of Precollection

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