Annual Fixed Fee definition
Examples of Annual Fixed Fee in a sentence
The total amount for the site/program/event/service to be withdrawn shall be as provided by the Contractor in the Fee Proposal Breakdown (see Appendix 7-A (3)) and according to the Annual Fixed Fee Payment Schedule (see Appendix 6-A) and the corresponding annual expense report (see Appendix 6-B and 6-C).
The Agreement provides for the County to pay Operator an annual fixed fee (Annual Fixed Fee) of $214,092 to be paid in monthly installments of $17,841 which may be adjusted annually each October, based on the percentage change in the Consumer Price Index; provided however, the annual adjustment will not increase or decrease by more than 3%.
In addition to the Annual Fixed Fee, Operator has the potential to earn an incentive fee (Incentive Fee), which will not exceed $100,000 or 25% of the Annual Fixed Fee, whichever is less, if key performance measures are met in areas of financial, SBE achievement, marketing, sales and customer service.
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.
If the foregoing conditions are fulfilled, the Annual Fixed Fee for the applicable Site shall xxxxx, 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 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 Xxxxxx Interstate Media, Inc.
Where a Royalty or Annual Fixed Fee levied under this Part V remains unpaid in respect of an Exploitation Contract for 6 months or more from the date upon which the amount became due and payable, the Authority may suspend or terminate that Exploitation Contract in accordance with the terms of the Exploitation Contract.
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 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 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.