PSS REVISION. A. Multi-Rack Newsracks. (i) Deduction in Cash. For each newsrack requested by DOT the Company shall make a one-time deduction of $4,570 from the Cash Component of the Franchise Fee. Such deduction shall be made from the quarter payment in which such multi-rack newsrack was installed. Additionally, for each installed multi-rack newsrack the Company shall make a yearly deduction of $1120 (evenly divided among each quarterly payment following installation) from the Cash Component of the Franchise Fee. (ii) Addition to the Franchise Fee. No revenue shall be generated by the Company from the multi-rack newsracks.
Appears in 3 contracts
Sources: Franchise Agreement, Franchise Agreement, Franchise Agreement