Common use of Timing and Method of Payment Clause in Contracts

Timing and Method of Payment. Contractor shall pay franchise fees to the County each quarter. Franchise fees shall be due and payable thirty (30) days after the end of the calendar quarter, during the entire term of the Franchise Agreement. With submission of each quarterly franchise fee payment, the Contractor shall include a statement including the amount of quarterly Gross Revenues and a calculation of the franchise fees due for that quarter.

Appears in 3 contracts

Sources: Franchise Agreement, Franchise Agreement, Franchise Agreement