Franchise Royalties definition

Franchise Royalties means all payments due to be made to the Borrower from franchisees, including without limitation, those pursuant to Franchise Agreements and other payments, charges, contributions and assessments but excluding funds paid or held in trust or escrow as or into the Borrower's "ad fund" (as such term is defined in the Franchise Agreements).
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Franchise Royalties. The meaning specified in the definition of Franchise Payments.
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Franchise Royalties means all amounts payable by each respective Franchisee to the Franchisor under the terms of the respective Franchise Agreement then in effect, based on or calculated as a percentage of the gross receipts collected by such Franchisee for the rental of guest rooms or otherwise, provided, however, the term Franchise Royalties shall specifically exclude for purposes hereof any amounts designated as reservation, advertising, or marketing fees and shall also exclude any other amounts payable which are designated or described as one time or non-recurring fees or charges other than regular monthly royalty fees, such as fees for renewal, placement, substitution, amendment, organization, initial placement, termination, or transfer.
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Examples of Franchise Royalties in a sentence

  • Franchise Royalties and Fees Franchise royalties and fees increased $3.8 million or 23.1% in 2018 compared to 2017 and increased $0.1 million or 0.4% in 2017 compared to 2016.

  • With respect to each such Additional Suites Hotel Franchise, the Company shall retain the right to collect or receive from such New Franchisee (i) the initial franchise placement fees and (ii) all Franchise Royalties.

  • Franchise and each Supplemental Suites Franchise shall thereafter be deemed a Retained Property, and the Company shall be entitled to collect or receive from such franchisee (i) an amount equal to fifty percent (50%) of the initial franchise placement fee as provided for in the New Franchise Agreement and (ii) all Franchise Royalties payable under the New Franchise Agreement.

  • International Franchise Royalties and Fee RevenuesRevenues from international franchise operations increased $2.1 million, or 4.3%, in the third quarter of 2018 and increased $19.9 million, or 14.9%, in the three fiscal quarters of 2018.

  • The Licensee agrees that it will at all times keep complete, true and correct books of account containing current record of Franchise Royalties received and other data in sufficient detail to enable the Cash Royalties payable under this Agreement to be computed and verified.

  • To each Loan Party's knowledge, each Franchisee is obligated to pay the Franchise Royalties and other fees described in such agreement without set-off or counterclaims and no such fee has been prepaid except as required by such agreements.

  • Franchise Royalties and Fees Franchise royalties which are based on a percentage of franchise restaurant sales are recognized as sales occur.

  • Payment of the Trademark Royalty shall be deferred until the month in which Newco actually receives its Franchise Royalties from each respective Franchisee and shall be paid to the Company not later than the twentieth (20th) day of the month following such receipt by Newco.

  • However, with respect to each such Existing Franchise, the Company shall retain all rights to receive from the fees generated from such Existing Franchise Agreements, an amount equal to: (i) all Franchise Royalties (as hereinafter defined), plus (ii) any renewal franchise fees paid by the Existing Franchisee pursuant to the applicable Existing Franchise Agreement.

  • Domestic Franchise Royalties and FeesRevenues from domestic franchise operations increased $9.2 million, or 11.4%, in the third quarter of 2018 and increased $23.8 million, or 9.8%, in the three fiscal quarters of 2018 due primarily to higher same store sales and an increase in the average number of domestic franchised stores open during the period.


More Definitions of Franchise Royalties

Franchise Royalties means the franchise royalty fees payable by the Franchisees to RFS as franchisor under the terms of the Franchise Agreements.
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Franchise Royalties means royalty payments payable by a Franchisee to the Franchisor pursuant to a Franchise Agreement based upon the Royalty Rate multiplied by Gross Sales.
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Related to Franchise Royalties

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Franchise Fee means a direct or indirect payment to purchase or operate a franchise. Franchise fee does not include any of the following:

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Sublicense Revenues means [***].

  • Sublicensing Revenue means all amounts (including, without limitation, payments received for the purchase of equity in excess of the fair market value of such equity, license fees, milestone and other time or event based payments and royalties on sales of products, but excluding any research funding payments received and actually used for such purpose) received by a Party under an agreement or license attributable to Collaboration Products or from sales of Collaboration Products to end users less any withholding tax or other tax related reductions.

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Third Party Royalties means royalties or payments actually paid by the Company or its Affiliates to an unaffiliated third party for the right to use or exploit technology, products or proprietary rights of such third party to create or sell Licensed Product/s, which third party’s rights would otherwise be infringed or violated.

  • Royalty Fee “Royalty Fee” means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Sublicense Revenue means [***].

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Minimum Royalty has the meaning set forth in Section 4.4(c).

  • License Fees means all non-refundable fees payable by Licensee to OT with respect to the granting of Software Licenses; “License Model” means the description of the conditions, limitations and restrictions associated with the Software License which govern the use of the Software, as set out in the applicable License Model Schedule;

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Royalty Payment has the meaning set forth in Section 6.1.

  • CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.

  • CAISO Revenues means the credits, fees, payments, revenues, interest or similar benefits, including imbalance energy payments, that are directly assigned by the CAISO to the CAISO Global Resource ID for the Generating Facility for, or attributable to, Scheduling or deliveries from the Generating Facility under this Agreement.

  • Gross Profits means the gross profits calculated under section 4;

  • License year means the period of time for which a

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Net Sales means [***].

  • Royalty Rate means the percentage defined in Exhibit B.

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).