Franchise Royalties definition

Franchise Royalties means all payments due to be made to the Borrower from Franchisees, including without limitation, those pursuant to Franchise Agreements and other payments, charges, contributions and assessments but excluding funds paid or held in trust or escrow as or into the Borrower's "ad fund" (as such term is defined in the Franchise Agreements).
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Franchise Royalties means all amounts payable by each respective Franchisee to the Franchisor under the terms of the respective Franchise Agreement then in effect, based on or calculated as a percentage of the gross receipts collected by such Franchisee for the rental of guest rooms or otherwise, provided, however, the term Franchise Royalties shall specifically exclude for purposes hereof any amounts designated as reservation, advertising, or marketing fees and shall also exclude any other amounts payable which are designated or described as one time or non-recurring fees or charges other than regular monthly royalty fees, such as fees for renewal, placement, substitution, amendment, organization, initial placement, termination, or transfer.
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Franchise Royalties. The meaning specified in the definition of Franchise Payments.
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Examples of Franchise Royalties in a sentence

  • With respect to each such Additional Suites Hotel Franchise, the Company shall retain the right to collect or receive from such New Franchisee (i) the initial franchise placement fees and (ii) all Franchise Royalties.

  • However, with respect to each such Existing Franchise, the Company shall retain all rights to receive from the fees generated from such Existing Franchise Agreements, an amount equal to: (i) all Franchise Royalties (as hereinafter defined), plus (ii) any renewal franchise fees paid by the Existing Franchisee pursuant to the applicable Existing Franchise Agreement.

  • With respect to each such Additional Hotel Franchise, the Company shall retain the right to collect or receive from such New Franchisee (i) the initial franchise placement fee paid or payable by such New Franchisee; and (ii) all Franchise Royalties.

  • Payment of the Trademark Royalty shall be deferred until the month in which Newco actually receives its Franchise Royalties from each respective Franchisee and shall be paid to the Company not later than the twentieth (20th) day of the month following such receipt by Newco.

  • Franchise and each Supplemental Suites Franchise shall thereafter be deemed a Retained Property, and the Company shall be entitled to collect or receive from such franchisee (i) an amount equal to fifty percent (50%) of the initial franchise placement fee as provided for in the New Franchise Agreement and (ii) all Franchise Royalties payable under the New Franchise Agreement.

  • The Licensee agrees that it will at all times keep complete, true and correct books of account containing current record of Franchise Royalties received and other data in sufficient detail to enable the Cash Royalties payable under this Agreement to be computed and verified.

  • To each Loan Party's knowledge, each Franchisee is obligated to pay the Franchise Royalties and other fees described in such agreement without set-off or counterclaims and no such fee has been prepaid except as required by such agreements.


More Definitions of Franchise Royalties

Franchise Royalties means royalty payments payable by a Franchisee to the Franchisor pursuant to a Franchise Agreement based upon the Royalty Rate multiplied by Gross Sales.
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Franchise Royalties means the franchise royalty fees payable by the Franchisees to RFS as franchisor under the terms of the Franchise Agreements.
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Related to Franchise Royalties

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Franchise Fee means a direct or indirect payment to purchase or operate a franchise. Franchise fee does not include any of the following:

  • Royalty means an interest in an oil and natural gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof) but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Sublicense Revenues means all revenue, in whatever form but excluding sublicense royalties, earned by the Licensee in consideration of its granting a Third Party a sublicense to make a Licensed Product including, without limitation, receipt of annual milestone attainment, sublicense issuance, maintenance or up-front payments, or technology access fee; and issuance of securities or real, personal or intangible property.