Franchise Fees definition
Examples of Franchise Fees in a sentence
The payment of Franchise Fees shall be made on a quarterly basis and shall be due forty-five (45) days after the close of each calendar quarter.
Such taxes, fees or assessments shall be in addition to Franchise Fees.
For purposes of this Section, the terms “proprietary or confidential” include, but are not limited to, information relating to the Cable System design, customer lists, marketing plans, financial information unrelated to the calculation of Franchise Fees or rates pursuant to FCC rules, or other information that is reasonably determined by the Grantee to be competitively sensitive.
ISSUE: San ▇▇▇▇▇▇▇ calculated the Franchise Fees rate based on Total Revenues less Other Operating Revenues (Accounts 611 and 614), but erroneously applied the Franchise Fees rate to Total Revenues in the forecasted years.
If Franchise Fees have been underpaid by five percent (5%) or more, then Comcast shall also pay up to three thousand dollars ($3,000) of documented out-of-pocket costs of the Franchise Fee review.