Common use of Zone Compensation Clause in Contracts

Zone Compensation. The Company shall pay to the City annual “Zone Compensation” equal to $100,000, subject to the CPI Adjustment as defined below. Zone Compensation shall accrue commencing on the Effective Date, provided however that the Company shall be entitled to a credit against the payment of Zone Compensation due and payable on the first anniversary of the Effective Date. The amount of such credit shall be equal to a fraction of the Zone Compensation accruing during the year that runs from and includes the Effective Date until but not including the day prior to the first anniversary of the Effective Date. The numerator of such fraction shall be the number of days in the “Credit Period” and the denominator shall be 365. The “Credit Period” as used in the previous sentence shall mean the period from and including the Effective Date until but not including the day on which the Company posts its first Reservation Notice pursuant to the first New Reservation Phase called by the City under this Agreement. Compensation payable pursuant to this Section I. will be in addition to and not in lieu of any fees payable as described in Section II. of this Appendix D and all other compensation payable and other obligations due under this Agreement.

Zone Compensation. The Company shall pay to the City annual “Zone Compensation” equal to $100,00050,000, subject to the CPI Adjustment as defined below. Zone Compensation shall accrue commencing on the Effective Date, provided however that the Company shall be entitled to a credit against the payment of Zone Compensation due and payable on the first anniversary of the Effective Date. The amount of such credit shall be equal to a fraction of the Zone Compensation accruing during the year that runs from and includes the Effective Date until but not including the day prior to the first anniversary of the Effective Date. The numerator of such fraction shall be the number of days in the “Credit Period” and the denominator shall be 365. The “Credit Period” as used in the previous sentence shall mean the period from and including the Effective Date until but not including the day on which the Company posts its first Reservation Notice pursuant to the first New Reservation Phase called by in which the City company participates under this Agreement. Compensation payable pursuant to this Section I. will be in addition to and not in lieu of any fees payable as described in Section II. of this Appendix D and all other compensation payable and other obligations due under this Agreement.

Zone Compensation. The Company shall pay to the City annual “Zone Compensation” equal to $100,000, subject to the CPI Adjustment as defined below. Zone Compensation shall accrue commencing on the Effective Date, provided however that the Company shall be entitled to a credit against the payment of Zone Compensation due and payable on the first anniversary of the Effective Date. The amount of such credit shall be equal to a fraction of the Zone Compensation accruing during the year that runs from and includes the Effective Date until but not including the day prior to the first anniversary of the Effective Date. The numerator of such fraction shall be the number of days in the “Credit Period” and the denominator shall be 365. The “Credit Period” as used in the previous sentence shall mean the period from and including the Effective Date until but not including the day on which the Company posts its first Reservation Notice pursuant to the first New Reservation Phase called by in which the City company participates under this Agreement. Compensation payable pursuant to this Section I. will be in addition to and not in lieu of any fees payable as described in Section II. of this Appendix D and all other compensation payable and other obligations due under this Agreement.

Zone Compensation. The Company shall pay to the City annual “Zone Compensation” equal to $100,00010,000, subject to the CPI Adjustment as defined below. Zone Compensation shall accrue commencing on the Effective Date, provided however that the Company shall be entitled to a credit against the payment of Zone Compensation due and payable on the first anniversary of the Effective Date. The amount of such credit shall be equal to a fraction of the Zone Compensation accruing during the year that runs from and includes the Effective Date until but not including the day prior to the first anniversary of the Effective Date. The numerator of such fraction shall be the number of days in the “Credit Period” and the denominator shall be 365. The “Credit Period” as used in the previous sentence shall mean the period from and including the Effective Date until but not including the day on which the Company posts its first Reservation Notice pursuant to the first New Reservation Phase called by the City under this Agreement. Compensation payable pursuant to this Section I. will be in addition to and not in lieu of any fees payable as described in Section II. of this Appendix D and all other compensation payable and other obligations due under this Agreement.