Franchise Fee

Franchise Fee. - - an initial per Restaurant fee (more fully defined in the Franchise Agreement) paid by Developer to Friday's, which fee varies in accordance with the number of Restaurants previously developed under each Development Schedule.

Franchise Fee. Includes any tax, fee, or assessment of any kind imposed by the City or other governmental entity on Grantee or Subscriber, or both, solely because of their status as such. It does not include any tax, fee, or assessment of general applicability (including any such tax, fee, or assessment imposed on both utilities and cable operators or their services but not including a tax, fee, or assessment which is unduly discriminatory against cable operators or cable Subscribers); capital costs which are... required by the Franchise to be incurred by Grantee for public, educational, or governmental access facilities; requirements or charges incidental to the awarding or enforcing of the Franchise, including payments for bonds, security funds, letters of credit, insurance, indemnification, penalties, or liquidated damages; or any fee imposed under Title 17 of the United States Code. Franchise Fee defined herein shall be the definition set forth in 47 U.S.C. § 542(g). View More

Franchise Fee. An initial per Restaurant fee (more fully defined in the Franchise Agreement) paid by Developer to us. The Initial Franchise Fee for the first Restaurant to be developed under the Development Schedule shall be $30,000. The Initial Franchise Fee for each subsequent Restaurant to be developed under the Development Schedule shall be $20,000.