Examples of Guarantee Fee in a sentence
The Guarantee Fee for each check submitted shall be equal to the Discount Rate set forth in the Application multiplied by the face value of each personal check (hereinafter referred to as “Instrument”) presented through the Merchant’s Point of Sale Electronic device.
During any such period where the Concessionaire repairs said Facility at its own cost under the terms of the immediately preceding sentence, the Minimum Guarantee Fee with respect to the Facility shall be payable.
During any period where Concessionaire repairs said Facility at its own cost under the terms of the immediately preceding sentence, the full Minimum Guarantee Fee with respect to the Facility shall be payable.
Notwithstanding the foregoing, if the Facility is completely destroyed as a result of any act or omission by Concessionaire, its agents, employees, suppliers, Subcontractors, or contractors, the Director may, in his discretion, require Concessionaire to bear the cost of the repair and reconstruction of the Facility, pay the costs therefor and pay the Minimum Guarantee Fee with respect to the Facility during the reconstruction or repair.
During any such period of sufferance, Concessionaire shall continue to pay at the rate of the greater of the Minimum Guarantee Fee of the last year of the Term or the Percentage Fee, in accordance with Section 8.1 hereof, no matter which party, City, through its Director, or Concessionaire, request the holdover.