Common use of Operating Fee Clause in Contracts

Operating Fee. The Operator shall agree to provide the City with a scaled Operating Fee of 2.5% to 3.5% of its gross receipts or a minimum of $5,000 per month.

Operating Fee. The Operator shall agree to provide the City with a scaled Operating Fee of 2.5% to 3.5% of its gross receipts, including but not limited to receipts or from the parking operation referenced herein, which shall be at least as much as the minimum guaranteed amount and up to a minimum maximum of $5,000 per monththe noted percentage of Gross receipts, as follows.