Franchise Fee Sample Clauses

Franchise Fee. ‌ (1) The Concessioner must pay a franchise fee to the Director as follows: (2) The Concessioner has no right to waiver of the fee under any circumstances.

Franchise Fee. (1) For the reason that the streets of the Village to be used by the Grantee in the operation of its system within the boundaries of the Village are valuable public properties acquired and maintained by the Village at great expense to its taxpayers, and that the grant to the Grantee to the streets is a valuable property right without which the Grantee would be required to invest substantial capital in right-of-way costs and acquisitions, the Grantee shall pay to the Village an amount equal to three (3) percent of the Grantee's Gross Annual revenue from the operations of the Grantee within the confines of the Village or contract area. Should the Village wish to increase the franchise fee up to the statutory limit of five (5) percent, the Grantee shall increase the franchise fee concurrent with their annual rate adjustment. A written request to the Grantee will be required not less than 60 days prior to the annual rate adjustment. If the statutory five (5) percent limitation on franchise fees is raised or the federal statute deletes the franchise fee limitation entirely, then the franchise fee may be subject to renegotiation. (2) This payment shall be in addition to any other tax or payment owed to the Village by the Grantee. (3) The franchise fee and any other costs or penalties assessed shall be payable quarterly on a calendar year basis to the Village and the Grantee shall file a complete and accurate verified statement of all gross receipts as previously defined within 45 days after the quarter as established between the Village and the Grantee. (4) The Village shall have the right to inspect the Grantee's income records and the right to audit and to recompute any amounts determined to be payable under this chapter; provided, however, that such audit shall take place within 24 months following the close of each of the Grantee's fiscal years. Any additional amount due to the Village as a result or the audit shall be paid within thirty (30) days following written notice to the Grantee by the Village which notice shall include a copy of the audit report. (5) If any franchise payment or recomputed amount, cost or penalty, is not made on or before the applicable dates heretofore specified, interest shall be charged daily from such date at the legal maximum rate charged by the U.S. Internal Revenue service for late tax payments and the Grantee shall reimburse the Village for any additional expenses and costs incurred by the Village by reason of the delinquent ...

Franchise Fee a) Calculation of Franchise Fee In consideration of the rights granted pursuant to paragraph 4 and the mutual covenants herein and subject to Commission approval the Company agrees to collect from Consumers and pay to the Municipality a franchise fee. The Parties agree s. 360(4) of the MGA, as amended, does not apply to the calculation of the franchise fee in this Agreement. For each calendar year the franchise fee will be calculated as a percentage of the Company’s actual total revenue derived from the Delivery Tariff, including without limitation the fixed charge, base energy charge, demand charge, but excluding the cost of Natural Gas (being the calculated revenues from the Natural Gas cost recovery rate rider or the deemed cost of Natural Gas and Natural Gas supply related riders) in that year for Natural Gas Distribution Service within the Municipal Service Area. For the first (1st) calendar year or portion thereof of the Term of this Agreement, the franchise fee percentage will be percent ( %). By no later than September 1st of each year, the Company will: i. advise the Municipality in writing of the total revenues that were derived from the Delivery Tariff within the Municipal Service Area for the prior calendar year; and ii. with the Municipality’s assistance, provide in writing an estimate of total revenues to be derived from the Delivery Tariff within the Municipal Service Area for the next calendar year. b) Adjustment to the Franchise Fee At the option of the Municipality and subject to Commission approval, the franchise fee percentage may be changed annually by providing written notice to the Company. If the Municipality wishes to amend the franchise fee percentage, then the Municipality will, no later than November 1st in any year of the Term, advise the Company in writing of the franchise fee percentage to be charged for the following calendar year. Upon receipt of notice, the Company will work with the Municipality to ensure all regulatory requirements are satisfied on a timely basis and agrees to use best efforts to obtain approval from the Commission for implementation of the proposed franchise fee percentage as and from January 1st of the following calendar year. If the Municipality provides written notice at any other time with respect to a franchise fee change, the Company will implement the new franchise fee percentage as soon as reasonably possible. c) Notice to Change Franchise Fee Prior to implementing any change to the franchise fe...

Franchise Fee. In consideration of the exclusive franchise granted to Contractor by this Agreement, and to reimburse County for costs incurred in administering this Agreement, Contractor shall pay to County a Franchise Fee of five percent (5%) of Gross Receipts. This fee may be adjusted from time to time during the Term of this Agreement. Any such changes to franchise fees that will affect the Rates shall be a Pass-Through Cost.

Franchise Fee a. The Grantee shall pay a franchise fee to the City for the privilege of operating in the City's rights of way in a manner consistent with the provisions of the Cable Act, as now in effect and as may be subsequently amended from time to time. The franchise fee shall be in an amount equal to five percent (5%) of annual gross revenues received from the operation of the cable system to provide cable service in the City, and shall be made on a quarterly basis, and shall be due forty-five (45) days after the close of each calendar quarter. If mailed, the Franchise Fee shall be considered paid on the date it is postmarked. The City hereby agrees that the total franchise fee, as interpreted under the Cable Act, shall not exceed the greater of the percentage of fees any other video service provider, under state authorization or otherwise, providing service in the Franchise Area pays to the City. b. As used in this agreement, gross revenue means the cable service revenue derived by the Grantee from the operation of the cable system in the City’s rights of way to provide cable services, calculated in accordance with generally accepted accounting principles. Gross revenues shall also include such revenue sources from the provision of cable service as may now exist or hereafter develop from or in connection with the operation of the cable system within the City, provided that such revenues, fees, receipts, or charges may lawfully be included in the gross revenue base for purposes of computing the City’s permissible franchise fee under the Cable Act, as may be amended from time to time. c. The City and Grantee acknowledge that the audit standards are set forth in Utah Code Annotated, 51-2a-101 et. seq., the “Accounting Reports from Political Subdivisions, Interlocal Organizations, and Other Local Entities Act”. Any audit shall be conducted in accordance with generally applicable auditing standards. d. The City shall provide on an annual basis, a complete list of addresses within the corporate limits of the City. If an address is not included in the list or if no list is provided, the Grantee shall be held harmless for any franchise fee underpayments (including penalty and interest) from situsing errors.

Franchise Fee. The fee that Comcast remits to the Township pursuant to Section 622 of the ▇▇▇▇▇ ▇▇▇, ▇▇ ▇.▇.▇. §▇▇▇, and Section 6.1 of this Agreement.

Franchise Fee. To compensate the County for the cost of administration, supervision and inspection rendered for the effective performance of this Agreement, as well as other costs related to the Collection of Solid Waste and Recycling, the Contractor shall pay to the County a fee of four percent (4%) of the total of all charges invoiced, whether collected or not, arising out of any services or operations conducted in the Service Area pursuant to this Agreement except charges for Commercial Disposal Cost, and Advance Disposal Fees as defined by County Ordinance 07-25. A statement reporting invoiced amounts for services provided under this Agreement shall be prepared by the Contractor in accordance with Generally Accepted Accounting Principles for each month. This monthly statement shall be submitted no later than thirty days following the last day of the reporting month, and shall be in the format shown in Exhibit VI, or as may be revised by the Department. Solid Waste disposal costs paid by the Contractor to the County under this Agreement shall be deducted from the gross invoiced charges total prior to applying the four (4)% for calculation of the franchise fee owed to the County. Franchise fees shall be payable within thirty (30) days after receiving the County’s invoice for such fees. A late charge of 1% of the amount due for the Franchise fee may be calculated monthly until payment is received. For Service Area Two (2), two separate statements shall be required, one for the unincorporated areas of Lee County, and a second for the Village of Estero for invoiced amounts arising from the services and operations conducted within each boundary.

Franchise Fee. (a) Grantee shall pay to Grantor a Franchise Fee which shall be calculated pursuant to this Section. It is understood that Grantee has or will enter into franchise agreements with the City of Salem (“Salem”) and the Town of Vinton (“Vinton”) (Grantor, Salem, and Vinton being hereinafter sometimes collectively referred to as the “localities” and singularly as a “locality”) with fee provisions identical to this one, and that the total annual Franchise Fee to be paid to the three localities in aggregate is $98,196 for calendar year 2016 (“base year total annual Franchise Fee”). Grantor’s Franchise Fee shall be a percentage share of the base year total annual Franchise Fee, which shall be determined on a pro rata basis according to its percentage share of the total dollar value of Grantee’s gas sales occurring within the localities during the calendar year. For each calendar year of the Franchise, each locality’s percentage share shall be determined by the following formula: total dollar value of Grantee’s gas sales within Locality’s percentage share = the Territorial Limits of the locality total dollar value of Grantee’s gas sales in the three localities For calendar year 2016, the Franchise Fee shall be paid to Grantor on or before March 31, 2017. (b) For each succeeding calendar year during the term of this Franchise, the total annual Franchise Fee paid by Grantee to the localities shall be the base year total annual Franchise Fee increased by three (3) percent compounded annually over the term of the Franchise. For each calendar year during the term of this Franchise, Grantor’s percentage share shall be determined pursuant to this Section, and paid to Grantor on or before March 31 of the succeeding calendar year.

Franchise Fee. 7 Within thirty (30) days after the close of the first full billing month following the 8 effective date of this Franchise Agreement, and each month thereafter during the term of 9 this Franchise Agreement, the Company, its successors or assigns, shall pay to the City, 10 or its successors, a sum of money which is equal to six percent (6%) of the Company’s 11 Gross Revenues as defined in Section 1.E., less any adjustments for uncollectable 12 accounts, from Customers within the corporate limits of the City. The franchise fee 13 payment shall be deemed paid on time if post-marked within thirty (30) days of the close 14 of the preceding billing month.