Common use of Privilege Fees Clause in Contracts

Privilege Fees. In addition to the Facility Rent and other fees payable in accordance with this Agreement, Concessionaire shall pay to County the fees described below ("Privilege Fees"). During the Term, the monthly Privilege Fees shall be paid on or before thirty (30) Days after the applicable month. 4.2.1 Privilege Fees due for each calendar month shall be the greater of the Percentage Fees calculated pursuant to Section 4.2.1.1 ("Percentage Fees") or the monthly installment of the Minimum Annual Guarantee ("MAG") payment described in Section 4.2.1.2. 4.2.1.1 Percentage Fees shall be equal to ten percent (10%) of Concessionaire's monthly Gross Revenues from the applicable month. 4.2.1.2 The MAG shall be calculated as follows: 4.2.1.2.1 The MAG shall be annually. The MAG shall be paid in equal monthly installments (adjusted pro rata for any partial month), subject to the adjustment stated below.