Common use of General Compensation Clause in Contracts

General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 and Section 7.12 hereof) a sum equal to the General Compensation as set forth below: The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of $320,000 or two percent (2%) of Grantee’s Total Gross Billings (including for 1997 and all future Compensation Years amounts generated by the Third Plant). For the 1998 Compensation Year, the general Compensation fees shall be the greater of $320,000, or 2% of Total Gross Billings. For the 1999 Compensation Year, the General Compensation shall be the greater of $406,000 or two percent (2%) of Total Gross Billings (including for 1999 and all future Compensation Years amounts generated by the Third Plant Expansion). For each Compensation Year beginning with the 2000 Compensation Year, the General Compensation fee shall be two percent (2%) of Total Gross Billings; but in no case shall the General Compensation for any Compensation Year beginning with 2000 be less than $406,000. Each rate of compensation in the Compensation Years beginning with 1999 shall be adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Affairs. All rates of compensation set forth in this paragraph are subject to the City’s right of adjustment set forth in Section 2.3 and Section 7.12 hereof, as applicable.”

General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 and Section 7.12 hereof) a sum equal to the General Compensation as set forth below: The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of $320,000 or two percent (2%) of Grantee’s Total Gross Billings (including for 1997 and all future Compensation Years amounts generated by the Third Plant). For the 1998 Compensation Year, the general General Compensation fees shall be the greater of $320,000, or 2% of Total Gross Billings. For the 1999 Compensation Year, the General Compensation shall be the greater of $406,000 456,000 (including an increase in the minimum monthly fee from $38,833.33 to $40,000,000 commencing on May 1, 1999) or two percent (2%) of Total Gross Billings (including for 1999 and all future Compensation Years amounts generated by the Third Fourth Plant Expansion(whether owned by Grantee or an Affiliate). For each Compensation Year beginning with the 2000 Compensation Year, the General Compensation fee shall be two the greater of $495,000 or three percent (23%) of Total Gross Billings; but in no case shall the General Compensation for any Compensation Year beginning with 2000 2001 be less than $406,000495,000. Each rate of compensation in the Compensation Years beginning with 1999 2001 shall be adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Affairs. All rates of compensation set forth in this paragraph are subject to the City’s right of adjustment set forth in Section 2.3 and Section 7.12 hereof, as applicable.”

General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 and Section 7.12 hereof) a sum equal to the General Compensation as set forth below: The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of $320,000 or two percent (2%) of Grantee’s Total Gross Billings (including for 1997 and all future Compensation Years amounts generated by the Third Plant). For the 1998 Compensation Year, the general General Compensation fees shall be the greater of $320,000, or 2% of Total Gross Billings. For the 1999 Compensation Year, the General Compensation shall be the greater of $406,000 or two percent (2%) of Total Gross Billings (including for 1999 and all future Compensation Years amounts generated by the Third Plant Expansion). For each Compensation Year beginning with the 2000 Compensation Year, the General Compensation fee shall be two percent (2%) of Total Gross Billings; but in no case shall the General Compensation for any Compensation Year beginning with 2000 be less than $406,000. Each rate of compensation in the Compensation Years beginning with 1999 shall be adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Affairs. All rates of compensation set forth in this paragraph are subject to the City’s right of adjustment set forth in Section 2.3 and Section 7.12 hereof, as applicable.”

General Compensation. Grantee agrees to pay or cause to be paid to the City as General Compensation during each Compensation year Year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 and Section 7.12 hereof) a sum equal to the General Compensation as set forth below: The the General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of Fifty Thousand Dollars ($50,000 50,000) or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of One Hundred Forty Thousand Dollars ($140,000 140,000) or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of Three Hundred Twenty Thousand Dollars ($320,000 320,000) or two percent (2%) of Grantee’s Total Gross Billings (including for 1997 and all future Compensation Years amounts generated by the Third Plant)Billings. For the 1998 Compensation Year, the general General Compensation fees shall be the greater of Three Hundred Twenty Thousand Dollars ($320,000, ) or two percent (2% %) of Total Gross Billings. For the 1999 Compensation Year, the General Compensation shall be the greater of Four Hundred Fifty-Six Thousand Dollars ($406,000 456,000) (including an increase in the minimum monthly fixed fee from Thirty-three Thousand Eight Hundred Thirty-three and 33/100 Dollars ($33,833.33) to Forty Thousand Dollars ($40,000) commencing on May 1, 1999) or two percent (2%) of Total Gross Billings (including for 1999 and all future Compensation Years amounts generated by the Third Plant ExpansionFourth Plant). For the 2000 Compensation Year, the General Compensation shall be the greater of Four Hundred Eighty Thousand Dollars ($480,000) or three percent (3%) of Total Gross Billings. For each Compensation Year beginning with the 2000 2001 Compensation Year, the General Compensation fee shall be two three percent (23%) of Total Gross Billings; but in no case shall the General Compensation for any Compensation Year beginning with 2000 2001 be less than Four Hundred Eighty Thousand Dollars ($406,000480,000). Each rate of compensation in the Compensation Years beginning with 1999 2001 shall be adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Affairs. All rates of compensation set forth in this paragraph are subject to the City’s right of adjustment set forth in Section 2.3 and Section 7.12 hereof, as applicable.”

General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation year Year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 and Section 7.12 hereof) a sum equal to the General Compensation as set forth below: The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross Billings. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of $320,000 or two percent (2%) of Grantee’s Total Gross Billings (including for 1997 and all future Compensation Years amounts generated by the Third Plant)Billings. For the 1998 Compensation Year, the general General Compensation fees shall be the greater of $320,000, 320,000 or 2% of Total Gross Billings. For the 1999 Compensation Year, the General Compensation shall be the greater of $406,000 456,000 (including an increase in the minimum monthly fixed fee from $33,833.33 to $40,000.00 commencing on May 1, 1999) or two percent (2%) of Total Gross Billings (including for 1999 and all future Compensation Years amounts generated by the Third Plant ExpansionFourth Plant). For the 2000 Compensation Year, the General Compensation shall be the greater of $480,000 or two percent (2%) of Total Gross Billings. For each Compensation Year beginning with the 2000 2001 Compensation Year, the General Compensation fee shall be two percent (2%) of Total Gross Billings; but in no case shall the General Compensation for any Compensation Year beginning with 2000 2001 be less than $406,000480,000. Each rate of compensation in the Compensation Years beginning with 1999 2001 shall be adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Affairs. All rates of compensation set forth in this paragraph are subject to the City’s right of adjustment set forth in Section 2.3 and Section 7.12 hereof, as applicable.”