Common use of Agreement Fees Clause in Contracts

Agreement Fees. The Vendor, as a fee for the Agreement and concession and license rights, agrees to pay DNREC the following Agreement Fees for the first term of the Agreement: Annual Fee: Vendor shall pay to DNREC INSERT ANNUAL FEE NEGOTIATED FEE STRUCTURE in twelve (12) installments due on or before the 1st of each month. The Vendor agrees to pay the annual percentage of total gross receipts to DNREC on or before December 31 of each year. Gross Receipts Fee: Vendor shall pay to DNREC INSERT GROSS RECEIPT FEE percentage of Gross Receipts. The Gross Receipts Fee shall be paid to DNREC annually on or before May 31st of each year. In the event there are multiple Venue contracts awarded, or if the Vendor manages other business operations, in no instance shall other Venues or business revenues be co-mingled with other operations of the Vendor and any reciprocal rights or cross-utilization programs must have written approval in advance from DNREC.