System Fee definition

System Fee means the fixed fee for System Services set out in GT&C Appendix III.

System Fee mean during any Year, an amount equal to one and one-half percent (1.5%) of Gross Revenues.

System Fee means, during any Fiscal Year, the amount payable as the System Fee to Marriott as defined in and in accordance with the Management Agreement, but in no event shall the sum of the System Fee and the amount payable to Marriott as a franchise fee for the privilege for being a member of the System (and not in payment for goods or services provided or obtained by or through Marriott or an Affiliated Person) in the aggregate exceed five percent (5%) of Gross Rooms Revenue (as such term is defined in the Management Agreement).

Examples of System Fee in a sentence

• In addition, Keyholder shall not be entitled to any refund of any unused portion of the System Fee for use of the Service previously paid.

• Keyholder shall pay the System Fee determined by the Organization upon entering this Agreement and shall pay the System Fee for all subsequent years as directed by the Organization.

• Organization reserves the right to: (i) increase the System Fee annually, (ii) charge a key activation fee, (iii) charge a late fee for any System Fee that is not paid as directed by the Organization, and (iv) charge a fee for any payment that is returned unpaid or for insufficient funds or credit.

• Clinoptilolite was synthesized as a single phase from a molar batch composition of 2.1M2O: Al2O3: 10SiO2: 110.1 H2O where M is Na or K and at temperatures between 120-195oC with the addition of 1-10 wt% of seed crystals.

• Keyholder further agrees that if the Master Agreement is amended by Organization and Supra for any reason during the Term, the Service may be modified or upgraded, in which case the terms of this Agreement may be amended (including without limitation, an increase or other change in the System Fee or other fees due under this Agreement) upon written notice to Keyholder by Supra.

More Definitions of System Fee

System Fee shall have the meaning, for each Property, given such term in the Management Agreement for such Property.

System Fee means a fee set out in Appendix A or B.

System Fee means, with respect to each Hotel, during any Year, an amount equal to one and one-half percent (1.5%) of Gross Revenues for such Hotel.

System Fee means, with respect to each Hotel, during any Fiscal Year, an amount equal to five percent (5%) of Gross Room Revenues of such Hotel.

System Fee means, with respect to each Hotel, during any Fiscal Year, an amount equal to the sum of six percent (6%) of Gross Room Revenues of such Hotel and three percent (3%) of revenues from food and beverage sales of such Hotel (including, without limitation, all catering sales, room service sales and sales in restaurants and bars contained in the Hotel).

System Fee means an annual amount payable to Management ---------- Company, to pay for a portion of the Inns' share of certain costs and expenses benefitting all Fairfield Inn properties incurred by Management Company, Marriott or Marriott Affiliates as described in Section 5.01B. Such amount shall be equal, during any given Fiscal Year (or portion thereof), to three percent (3%) of Gross Revenues for each Fiscal Year (or portion thereof). The System Fee shall be paid as provided in Article V.

System Fee means (i) with respect to each Legacy 1996RI Hotel, the Legacy 1996RI System Fee and (ii) with respect to each Legacy RI Hotel, the Legacy RI System Fee.