Examples of Concession Fee in a sentence
Notwithstanding the foregoing, if Licensee fails to furnish copies of the loan documentation together with the loan repayment schedule as required hereunder or any other documentation relating, to the loan as may be reasonably required by UCDP, Licensee shall not be entitled to any portion of the Deferred Concession Fee until such documents are submitted and approved by UCDP.
In no event will the Deferred Concession Fee permitted hereunder exceed a “Maximum Deferral” equal to the lesser of (i) the total of the payments becoming due under the foregoing loan for and during the first Operating Year of the Initial Term or (ii) three hundred thousand dollars ($300,000.00).
It is understood that the Deferred Concession Fee has been agreed to by UCDP solely for the purpose of assisting Licensee in paying for its start up costs during the first Operating Year and such deferral of Concession Fees is made at the Licensee’s request and solely for Licensee’s benefit.
For each calendar year starting with 2000, and for that portion of the final calendar year that this Agreement is in effect, Concessionaire guarantees that Cruise Line will receive at least the Minimum Annual Concession Fee ("MACF") calculated in accordance with the terms of this Agreement.
For the purpose of calculating Concession Fee due under this Agreement, any charges made by a Guest to a Resort Hotel as provided above will be treated and reported in the same manner as a charge made to a credit card.