Annual Fixed Fee definition
Examples of Annual Fixed Fee in a sentence
The Annual Fixed Fee, the Application Fee, and the Administrative Fee shall each be increased by percent ( %), every ( x) years, on the Anniversary Date of the Agreement.
If any installment of the Annual Fixed Fee or other amounts owing under this Agreement are more than sixty (60) days past due, or PG&E otherwise has reasonable grounds to believe that LICENSEE's creditworthiness or performance under this Agreement has become unsatisfactory, PG&E reserves the right to request collateral from LICENSEE in an amount determined by PG&E in a commercially reasonable manner or a guaranty (issued by a creditworthy party) in a form satisfactory to PG&E as performance assurance.
The increase schedule shall be as follows: (Date of Increase) (Date of Increase) (Date of Increase) (Date of Increase) Annual Fixed Fee Application Fee Administrative Fee This Exhibit E is attached to and is a part of the Master License Agreement for Signboards (the "Agreement") between Pacific Gas and Electric Company ("PG&E") and ▇▇▇▇▇▇ Interstate Media, Inc.
If LICENSEE elects to so terminate this Agreement, the Annual Fixed Fee for the affected Site shall be reduced or abated in proportion to the actual reduction or abatement of LICENSEE's use during the period of damage and destruction.
If the foregoing conditions are fulfilled, the Annual Fixed Fee for the applicable Site shall ▇▇▇▇▇, effective as of the first day of the occurrence of the Abatement Condition, in proportion to the degree LICENSEE is unable to reasonably use, and in fact does not use, the Site for its intended purpose, retroactive to the date PG&E received notice of the Abatement Condition and continuing until the Abatement Condition has been cured.
The terms and conditions of this Agreement shall remain the same throughout each additional renewal term, with the exception of the Annual Fixed Fee, the Application Fee and the Administrative Fee, which shall be increased as provided in Exhibit D, attached hereto.
The Contingent Management Fee Amount for any given year shall not exceed the Maximum Annual Fixed Fee Amount as set forth in Section 4.4. For purposes of determining the Contingent Management Fee, “Gross Revenues” shall mean the sum of all Revenues generated by the operation of the Facility as specifically defined by Section 3.4 of this Agreement.
Tenant shall make ten (10) payments to Landlord ---------------- of the Annual Fixed Fee (as hereinafter defined).
The parties agree to review the Annual Fixed Fee on an annual basis and to negotiate in good faith to make adjustments thereto to the extent necessitated by changes to cost structures or market conditions.
Said Annual Fixed Fee shall not be subject to the adjustment set forth in paragraph 3.2. Further, the Annual Fixed Fee is not subject to the conversion to equity provided in paragraph 3.