Production Fee definition

Production Fee means any cannabis cultivation, processing, testing, distribution, and transportation of cannabis and cannabis products.

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Production Fee means a quarterly fee remitted to the City by Owner based on the gross wholesale receipts of its operations, as defined below, in the amount of 3% of gross sales from operations to begin after 8 months of commencement of operation.

Production Fee means a semi-annual fee remitted to the City by Owner based on the Gross Receipts of its Project operations, as defined below, in the amount of 5% of gross sales from operations.

Examples of Production Fee in a sentence

The obligations of Owner under this Section shall survive the expiration or any earlier termination, as applicable, of this Agreement, but the Production Fee under this Agreement shall cease if any City-wide tax is imposed specifically on Cannabis Manufacturing operations.
Quarterly payments of the Production Fee by Owner to the City as specified in Section 6 herein.
Within thirty (30) calendar days following the end of each semi-annual period during the Term of this Agreement, Owner shall submit the Certified Report to the City’s Finance Director and a payment for the Production Fee for that Operational Period as identified in the Certified Report.
The obligations of Owner under this Section shall survive the expiration or any earlier termination, as applicable, of this Agreement, but the Production Fee under this Agreement shall cease if any City-wide tax is imposed specifically on Cannabis cultivation.
If the audit reveals that the Owner has overpaid any amount of the Production Fee, City shall provide written notification to Owner and shall credit such amount against Owner’s subsequent semi-annual payment of Production Fees.

More Definitions of Production Fee

Production Fee means the production fee set out in the AO.

Production Fee has the meaning set forth in Section 6.2.2 hereof. 181

Production Fee means the fee charged for any non-broadcasting item specified in the Authority to Promote as amended if clause 5.3 applies;

Production Fee means the appropriate fees set forth on Exhibit I to this Agreement.

Production Fee means the amount set out at item 3 of Schedule 1 but calculated in accordance with Schedule 3. RELATED BODY CORPORATE has the same meaning as that term in the Corporations Act 2001.

Production Fee means the fees payable pursuant to Sections 2.2, 2.3 and 2.

Production Fee means a semi-annual fee remitted to the City by Owner based on the Gross Receipts of its Project operations, as defined below,Owner shall pay a Production Fee in the amount of 3% of gross sales from operations. The Production Fee will be temporarily reduced to 1% first year for the first three years after the Operation Date. After three years, the gross sales percentage will be re-evaulated. With mutual agreement of the parties, the Production Fee structure may be amended within the Term of the agreement. The Production Fee will be reduced by the equivalent tax amount if and when the City adopts a tax on Cannabis Delivery Only Dispensaries and Cannabis Businesses.