Monetary Compensation. 3.2.1. As a franchise fee to be paid as compensation in exchange for the benefit and privilege of using the Inalienable Property for the purpose of offering and providing Information Services, the Company shall pay to the City $0.19 per linear foot of Installation Area in the Franchise Area, calculated per calendar quarter, with such fee being subject to a 4% annual escalation effective on the first anniversary of the Effective Date of this Agreement and each subsequent anniversary thereafter during the Term;.
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Samples: Information Services Franchise Agreement, Information Services Franchise Agreement, Information Services Franchise Agreement
Monetary Compensation. 3.2.1. As a franchise fee to be paid as compensation in exchange for the benefit and privilege of using the Inalienable Property for the purpose of offering and providing Information Services, the Company shall pay to the City $0.19 per linear foot of Installation Area in the Franchise Area, calculated per calendar quarter, with such fee being subject to a 4% annual escalation effective on the first anniversary of the Effective Date of this Agreement and each subsequent anniversary thereafter during the Term;.
Appears in 4 contracts
Samples: Information Services Franchise Agreement, Information Services Franchise Agreement, Information Services Franchise Agreement
Monetary Compensation. 3.2.1. As a franchise fee to be paid as compensation in exchange for the benefit and privilege of using the Inalienable Property for the purpose of offering and providing Information Services, the Company shall pay to the City $0.19 per linear foot of Installation Area in the Franchise Area, calculated per calendar quarter, with such fee being subject to a 4% annual escalation effective on the first anniversary of the Effective Date of this Agreement and each subsequent anniversary thereafter during the Term;.
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