Common use of General Compensation Clause in Contracts

General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation Year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 hereof) a sum equal to the General Compensation as set forth below. The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of $320,000 or 2% of Grantee’s Total Gross B▇▇▇▇▇▇▇ (including for 1997 and all future Compensation Years amounts generated by the Third Plant). For the 1998 Compensation Year (subject to adjustments made pursuant to Section 7.1.2), the General Compensation fees shall be the greater of $320,000, or 2% of Total Gross B▇▇▇▇▇▇▇ (subject to adjustments made pursuant to Section 7.1.2). For each Compensation Year beginning with the 1999 Compensation Year the General Compensation fee shall be two percent (2%) of Total Gross B▇▇▇▇▇▇▇; but in no case shall the General Compensation for any Compensation Year beginning with 1999 be less $320,000 (subject to adjustment pursuant to Section 7.1.2 hereof), adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Affairs. All rates of compensation set forth in this paragraph are subject to the City’s right of adjustment set forth in Section 2.3 hereof, as applicable.”

General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation Year year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 and Section 7.12 hereof) a sum equal to the General Compensation as set forth below. : The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇Billings. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇Billings. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of $320,000 or two percent (2% %) of Grantee’s Total Gross B▇▇▇▇▇▇▇ Billings (including for 1997 and all future Compensation Years amounts generated by the Third Plant). For the 1998 Compensation Year (subject to adjustments made pursuant to Section 7.1.2)Year, the General general Compensation fees shall be the greater of $320,000, or 2% of Total Gross B▇▇▇▇▇▇▇ Billings. For the 1999 Compensation Year, the General Compensation shall be the greater of $406,000 or two percent (subject to adjustments made pursuant to Section 7.1.22%) of Total Gross Billings (including for 1999 and all future Compensation Years amounts generated by the Third Plant Expansion). For each Compensation Year beginning with the 1999 2000 Compensation Year Year, the General Compensation fee shall be two percent (2%) of Total Gross B▇▇▇▇▇▇▇Billings; but in no case shall the General Compensation for any Compensation Year beginning with 1999 2000 be less than $320,000 (subject to adjustment pursuant to Section 7.1.2 hereof), 406,000. Each rate of compensation in the Compensation Years beginning with 1999 shall be adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Affairs. All rates of compensation set forth in this paragraph are subject to the City’s right of adjustment set forth in Section 2.3 and Section 7.12 hereof, as applicable.”

General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation Year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 hereof) a sum equal to the General Compensation as set forth below. The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of $320,000 190,000 or two percent (2% %) of Grantee’s Total Gross B▇▇▇▇▇▇▇ (including for 1997 and all future Compensation Years amounts generated by the Third Plant)▇. For each Compensation Year beginning with the 1998 Compensation Year (subject to the City’s rights of adjustment set forth in Section 2.3 hereof and to adjustments made pursuant to Section 7.1.2), the General Compensation fees shall be the greater of $320,000, or 2% of Total Gross B▇▇▇▇▇▇▇ (subject to adjustments made pursuant to Section 7.1.2). For each Compensation Year beginning with the 1999 Compensation Year the General Compensation fee shall be two percent (2%) of Total Gross B▇▇▇▇▇▇▇; but in no case shall the General Compensation for any Compensation Year beginning with 1999 1998 be less than $320,000 190,000 (subject to adjustment pursuant to Section 7.1.2 hereof7.1.2), adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Affairs. All rates of compensation set forth in this paragraph are subject to the City’s right of adjustment set forth in Section 2.3 hereof, as applicableAreas.”

General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation Year year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 and Section 7.12 hereof) a sum equal to the General Compensation as set forth below. : The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇Billings. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇Billings. The General Compensation during the Compensation Year ending December 31, 1997 shall be the greater of $320,000 or two percent (2% %) of Grantee’s Total Gross B▇▇▇▇▇▇▇ Billings (including for 1997 and all future Compensation Years amounts generated by the Third Plant). For the 1998 Compensation Year (subject to adjustments made pursuant to Section 7.1.2)Year, the General Compensation fees shall be the greater of $320,000, or 2% of Total Gross B▇▇▇▇▇▇▇ Billings. For the 1999 Compensation Year, the General Compensation shall be the greater of $406,000 or two percent (subject to adjustments made pursuant to Section 7.1.22%) of Total Gross Billings (including for 1999 and all future Compensation Years amounts generated by the Third Plant Expansion). For each Compensation Year beginning with the 1999 2000 Compensation Year Year, the General Compensation fee shall be two percent (2%) of Total Gross B▇▇▇▇▇▇▇Billings; but in no case shall the General Compensation for any Compensation Year beginning with 1999 2000 be less than $320,000 (subject to adjustment pursuant to Section 7.1.2 hereof), 406,000. Each rate of compensation in the Compensation Years beginning with 1999 shall be adjusted for the rate of inflation during the preceding Compensation Year pursuant to the Consumer Price Index for Urban Affairs. All rates of compensation set forth in this paragraph are subject to the City’s right of adjustment set forth in Section 2.3 and Section 7.12 hereof, as applicable.”