Monthly Installments. During each Contract Year, Lyric shall make monthly installments on account of the Annual Continuing Fee for such Contract Year. The installment for each month shall be equal to 1% of the Lyric Gross Revenues for each month, and shall be paid on or before the 25th day of the following calendar month, subject to Section 5.5.
Appears in 2 contracts
Sources: Master Franchise Agreement (Integrated Health Services Inc), Master Franchise Agreement (Monarch Properties Inc)
Monthly Installments. During each Contract Year, Lyric shall make monthly installments on account of the Annual Continuing Fee for such Contract Year. The installment for each month shall be equal to one percent (1% %) of the Lyric Gross Revenues for each month, and shall be paid on or before the 25th day of the following calendar month, subject to Section 5.5.
Appears in 1 contract
Sources: Master Franchise Agreement (Integrated Health Services Inc)