Common use of Privilege Fee Clause in Contracts

Privilege Fee. As consideration for the rights and privileges granted herein to operate the Concession at DEN, beginning on the Commencement Date and continuing through the Term, Concessionaire covenants to pay to City for each month, or portion thereof, a Privilege Fee equal to the sum of the MAPF and the Percentage Fee.

Privilege Fee. As consideration for the rights and privileges granted herein to operate the Concession at DEN, beginning on the Commencement earlier of the Actual or Required Opening Date and continuing through the Term, Concessionaire covenants to pay the Privilege Fee to City for each month, or portion thereof, a Privilege Fee equal to during the sum of the MAPF and the Percentage FeeTerm.