Royalty Fee definition

Royalty Fee means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

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Royalty Fee means a percentage of Gross Sales; and (ii) “Gross Sales” refers to all revenue generated from the operation of the franchised business prior to deductions for returns, allowances, or discounts. The Franchisee may be required to pay a monthly fee of $[AMOUNT] to cover the costs associated with technology, software licensing, and ongoing system maintenance provided by the Franchisor. Upon the renewal of the Term, a renewal fee of $[AMOUNT] (the “Renewal Fee”) may be applicable. The Franchisor will notify the Franchisee of the Renewal Fee and any updated terms at least [NUMBER] days prior to the expiration of the initial Term. The Franchisor may, from time to time, introduce additional fees for new services, enhanced training programs, or system upgrades. Such fees will be communicated in advance and shall apply only if the Franchisee elects to utilize the additional services. All payments under this Agreement shall be made via electronic funds transfer, credit card, or any other approved method as designated by the Franchisor. Payment instructions and account details will be provided in writing. All fees and payments shall be made in U.S. Dollars (USD). Any fee not received by the Franchisor by the designated due date will incur a late payment charge of [PERCENTAGE]% per month on the outstanding amount, or the maximum rate permitted by applicable law, whichever is lower. Failure to remit payments on time may constitute a material breach of this Agreement. In such cases, the Franchisor reserves the right to suspend support services, impose additional administrative fees, initiate collection actions, or ultimately terminate the Agreement as outlined in Section 12. Should any discrepancies arise regarding fee calculations or payments, the Franchisee must notify the Franchisor in writing within [NUMBER] days of receiving the relevant invoice. The Parties will work in good faith to resolve any disputes. The fee structure described herein is subject to an annual review. Any changes to the fee percentages or the introduction of additional fees will be communicated in writing at least [NUMBER] days prior to implementation and will only affect fees accruing after the effective date of such changes.

Royalty Fee means the royalties payable in accordance with clause 5 as set out in Appendix 2A in respect of the calendar year 2017.

Examples of Royalty Fee in a sentence

• A Monthly Royalty Fee shall be paid to APH based on an amount equal to five percent (5%) of the average per unit rental revenue plus General Excise Tax (“GET”) realized by ICP of those units in the ICP hotel rental program.

• If this License Agreement is terminated as a result of paragraphs (a), (b) or (c) above, Licensee agrees that Licensee shall pay to ICP the Monthly Front Desk Fee and the Monthly Royalty Fee due an owing for that month, in addition to all other amounts which may be owed.

• As an example, if there are 100 units in the ICP hotel rental program with an average rental revenue of $1,000 per unit for the month, then 5% of $1,000 is $50 and $50 shall be the Monthly Royalty Fee payable to APH for those units who are subject to this License Agreement.

• If Licensee fails to notify Licensor of a sell or transfer, Licensee will remain obligated to pay any fees, including the Monthly Front Desk Fee and Monthly Royalty Fee, until Licensee has provided proper written notice to Licensor as required herein.

More Definitions of Royalty Fee

Royalty Fee means the royalties and annual fees payable under this Agreement as set out in Appendix 2.

Royalty Fee means the sum set out in clause 4.

Royalty Fee means the royalties payable as set out in clause 4.5.

Royalty Fee means the royalties payable as set out in schedule

Royalty Fee means the greater of (a) 15% of the Relevant Revenue, and

Royalty Fee is defined in Subparagraph 4(b)(i).

Royalty Fee has the meaning set forth in Section 3.1A.