System Fee definition

System Fee means the fixed fee for System Services set out in GT&C Appendix III.

System Fee mean during any Year, an amount equal to one and one-half percent (1.5%) of Gross Revenues.

System Fee means, during any Fiscal Year, the amount payable as the System Fee to Marriott as defined in and in accordance with the Management Agreement, but in no event shall the sum of the System Fee and the amount payable to Marriott as a franchise fee for the privilege for being a member of the System (and not in payment for goods or services provided or obtained by or through Marriott or an Affiliated Person) in the aggregate exceed five percent (5%) of Gross Rooms Revenue (as such term is defined in the Management Agreement).

Examples of System Fee in a sentence

• In addition, Keyholder shall not be entitled to any refund of any unused portion of the System Fee for use of the Service previously paid.

• Keyholder shall pay the System Fee determined by the Organization upon entering this Agreement and shall pay the System Fee for all subsequent years as directed by the Organization.

• Keyholder agrees that, under the terms of the Master Agreement, Organization may elect a different Service or choose to upgrade the Service at any time during the Term of this Agreement, which may result in an increase of the System Fee and/or the termination of this Agreement.

• Organization reserves the right to: (i) increase the System Fee annually, (ii) charge a key activation fee, (iii) charge a late fee for any System Fee that is not paid as directed by the Organization, and (iv) charge a fee for any payment that is returned unpaid or for insufficient funds or credit.

• Payment of the Aggregate Deductions, excluding the Aggregate Base Management Fee, the Aggregate Reservation Fee and the Aggregate System Fee, shall be made in the ordinary course of business.

More Definitions of System Fee

System Fee shall have the meaning, for each Property, given such term in the Management Agreement for such Property.

System Fee means, with respect to each Hotel, during any Fiscal Year, an amount equal to five percent (5%) of Gross Room Revenues of such Hotel.

System Fee means, with respect to each Hotel, during any Year, an amount equal to one and one-half percent (1.5%) of Gross Revenues for such Hotel.

System Fee means an annual amount payable to Management ---------- Company, to pay for a portion of the Inns' share of certain costs and expenses benefitting all Fairfield Inn properties incurred by Management Company, Marriott or Marriott Affiliates as described in Section 5.01B. Such amount shall be equal, during any given Fiscal Year (or portion thereof), to three percent (3%) of Gross Revenues for each Fiscal Year (or portion thereof). The System Fee shall be paid as provided in Article V.

System Fee means during any Fiscal Year, an amount equal to the sum of six percent (6%) of Gross Room Revenues of the Hotel and three percent (3%) of revenues from food and beverage sales of the Hotel (including, without limitation, all catering sales, room service sales and sales in restaurants and bars contained in the Hotel).

System Fee means a fee set out in Appendix A or B.

System Fee. A monthly fee of 2.5% of gross room revenue; plus a supplemental marketing fee of $0.28 per day times the official room count.