Franchise Year definition

Franchise Year means each calendar year in which the Franchise is operated by FMSWTL;
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Franchise Year means the twelve-month period year beginning each July 1 and ending on the following June 30.
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Franchise Year means any twelve-month period commencing on an Anniversary Date and extending to the day immediately preceding the next subsequent Anniversary Date.
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Examples of Franchise Year in a sentence

  • In the third and subsequent Franchise Years (including each Franchise Year during any Renewal period), Franchisee is required to produce a minimum volume of Gross Sales sufficient to produce a Minimum Royalty Fee each Franchise Year of $10,000.00 (approximately $125,000.00 Gross Sales per year) in order to retain the rights granted herein by V2K.

  • The Term begins on the date that we insert in the preamble of this Agreement after we sign it (the “Effective Date”) and expires at the end of the fifteenth (15th) Franchise Year.

  • If Franchisee qualifies for, and pays, the Small Market Franchise Fee, instead of the amounts listed in the preceding paragraph, Franchisee is required in the first Franchise Year (does not apply to Renewals) to produce a minimum volume of Gross Sales sufficient to produce a Minimum Royalty Fee of $1,250.00 (approximately $15,625.00 of Gross Sales).

  • In the second Franchise Year (does not apply to Renewals), Franchisee is required to produce a minimum volume of Gross Sales sufficient to produce a Minimum Royalty Fee of $2,500.00 (approximately $31,250.00 of Gross Sales).

  • In the third and subsequent Franchise Years (including each Franchise Year during any Renewal period), Franchisee is required to produce a minimum volume of Gross Sales sufficient to produce a Minimum Royalty Fee each Franchise Year of $5,000.00 (approximately $62,500.00 Gross Sales per year) in order to retain the rights granted herein by V2K.

  • In the second Franchise Year (does not apply to Renewals), Franchisee is required to produce a minimum volume of Gross Sales sufficient to produce a Minimum Royalty Fee of $5,000.00 (approximately $62,500.00 of Gross Sales).

  • In the first Franchise Year (does not apply to Renewals), Franchisee is required to produce a minimum volume of Gross Sales sufficient to produce a Minimum Royalty Fee of $2,500.00 (approximately $31,250.00 of Gross Sales).

  • The County may adjust such Customer Rates at any time during any Franchise Year, to reflect variations between the estimated Customer Revenues or the estimated Aggregate Fees and actual results during such year.

  • At least 60 days prior to each Franchise Year, the County shali, in its sole discretion, establish the level of Customer Rates for each year during the Term hereof.

  • Unless another date is provided herein, or specified by the City Manager, Annual reports shall be submitted no later than forty-five (45) days following the end of the Franchise Year.


More Definitions of Franchise Year

Franchise Year means the fiscal year beginning on July 1 and ending on the following June 30.
Sample 1
Franchise Year means in respect of any year, twelve consecutive periods of one month each, as the Franchisor may at its discretion from time to time determine, provided that any change shall not increase the Franchisee’s liability for any amounts payable under this Agreement;
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Related to Franchise Year

  • Franchise Area means the area within the jurisdictional boundaries of the City, including any areas annexed by the City during the term of this Franchise.

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

  • License year means the period of time for which a

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Base Year means the period set forth in Section 5 of the Summary.

  • Expense Year means each calendar year in which any portion of the Lease Term falls, through and including the calendar year in which the Lease Term expires, provided that Landlord, upon notice to Tenant, may change the Expense Year from time to time to any other twelve (12) consecutive month period, and, in the event of any such change, Tenant’s Share of Direct Expenses shall be equitably adjusted for any Expense Year involved in any such change.

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • Operating Year means the calendar year commencing January 1st of each year (including the calendar year within which the Commencement Date occurs) during the Term.

  • Franchise insurance means an individual insurance policy provided through a

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • New Franchise Agreement means the franchise license agreement to be entered into between Buyer and the Franchisor, granting to Buyer a franchise to operate the Hotel under the Brand on and after the Closing Date.

  • Billing Commencement Date means the earlier of:

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Lease Commencement Date means the Closing Date. The “Lease Expiration Date” shall mean the later of (i) the date of the final payment in full of the French Advances and (ii) the Vehicle Lease Expiration Date for the last Lease Vehicle leased by the Lessee hereunder. The “Term” of this Agreement shall mean the period commencing on the Lease Commencement Date and ending on the Lease Expiration Date.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Comparison Year is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first twelve (12) months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which Lessee is responsible for a share of such increase.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Service Year means fiscal year, except that:

  • Concession Period means the period starting on and from the Appointed Date and ending on the Transfer Date;

  • Protected Space Operations means all Launch or Transfer Vehicle activities, ISS activities, and Payload activities on Earth, in outer space, or in transit between Earth and outer space in implementation of the IGA, MOUs concluded pursuant to the IGA, implementing agreements, and contracts to perform work in support of NASA’s obligations under these Agreements. It includes, but is not limited to:

  • Licence Year means a period of 12 (twelve) calendar months commencing on the Validity Date or any anniversary of the Validity Date during the subsistence of the Agreement.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Approved Operating Expenses means Operating Expenses incurred by Borrower which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property, (iii) if applicable, are for property management fees payable to Manager under the Management Agreement, such amounts not to exceed three percent (3.0)% of the monthly Gross Revenue, (iv) or (v) have otherwise been approved by Lender.

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • Franchisee means a person to whom a franchise is granted.