Franchise Payments definition

Franchise Payments. All amounts payable to the Master Issuer or the Franchise Holder by Franchisees (including Restaurant Holders) pursuant to the Franchise Agreements (including Participation Agreements pertaining to the POS System) other than Excluded Amounts.
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Franchise Payments means all sums due by Franchisee to Franchisor pursuant to the terms and conditions of this Agreement, including but not limited to the Initial Franchise Fee, New Franchise Technology & Set-Up Fee, any and all Renewal Franchise Fees, any and all Sale Royalty Fees, all
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Franchise Payments. All of the franchise payments received by or for the account of the Issuer after the Cut-Off Date, including all of the Issuer’s rights to receive payments under the Franchise Agreements, including, without limitation, (i) the initial franchise fees under Franchise Agreements (the “Franchise Fees”), (ii) the Weekly franchise royalty fees, consisting of royalty payments due the Issuer pursuant to the Franchise Agreements (the “Franchise Royalties”), and (iii) the fees relating to the transfer or renewal of a franchise (the “Franchise Transfer/Renewal Fees”) and (v) interest on late payments; provided, however, that Franchise Advertising Fees shall not constitute a Franchise Payment. Franchise Fees are payable by a franchisee solely upon the signing of the Franchise Agreement and may be subject to reduction against any payment of location fee or development fee under the applicable Development Agreement and previous deposits made by the franchisee with respect to any of the foregoing.
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Examples of Franchise Payments in a sentence

  • In that regard, it is noted in particular that the replacement schedule 8.1A (Franchise Payments) to the Franchise Agreement defines the parameters on the basis of which the compensation payment for discharging the public service obligations is to be calculated.

  • For the avoidance of doubt, it is agreed that the Franchise Payments and any sum shown in any Budget for any given Franchisee Year (or other period) shall not be subject to automatic indexation or adjustment to take into account the effect of inflation provided that this paragraph 13 is without prejudice to the adjustment of the Budget in accordance with paragraph 4 and/or the adjustment of the Franchise Payments in accordance with paragraphs 6 and 7 of this Schedule 8.A.

  • No such notice shall constitute a waiver of any rights which the Secretary of State may have under or in respect of Schedule 8.1A (Franchise Payments)." Paragraph 3.3 shall be deleted and replaced with "Not used".

  • Following the occurrence of a Force Majeure Event, the payment of Franchise Payments shall continue to be calculated in accordance with this Schedule 8.A (Franchise Payments) and the payment of such Franchise Payments shall continue unaffected.

  • It provides a mechanism for interim adjustments in Franchise Payments pending the final agreement or determination of those adjustments under this Schedule.

  • Neither Party shall be entitled to recover (by way of an adjustment to Franchise Payments or otherwise) more than once in respect of the same amount.

  • Franchisee has agreed to operate tramway passenger services on tram infrastructure and using rolling stock leased to it by Melbourne Public Transportation Authority (PTV), and PTV and the Franchisee have agreed to the payment of Franchise Payments and other payments, on the terms of this Agreement.

  • The total amount of all Annual Value Added Franchise Payments shall be Four Million Five Hundred Thousand Dollars ($4,500,000).

  • Franchise Payments Schedule 8.1 shall be replaced with the new Schedule 8.A attached at Appendix 2.

  • Following the occurrence of a Force Majeure Event, the payment of Franchise Payments shal continue to be calculated in accordance with this Schedule 8.A (Franchise Payments) and the payment of such Franchise Payments shall continue unaffected.

Related to Franchise Payments