Extract to table

1 of each FLA, the franchisee is required to pay Verimark a continuing royalty equal to five percent (5%) of Gross Room Revenue

2 of each FLA, the franchisee is required to pay Verimark a marketing-fund contribution equal to two and one-half percent (2

3 of each FLA, the franchisee is required to pay a technology fee of Twelve Dollars and Fifty Cents ($12

Under the FLAs, the franchisee is required to report GRR to Verimark on a monthly basis, no later than fifteen (15) calendar days following the close of each calendar month

Each monthly GRR report must be prepared in accordance with Verimark's standard reporting format and must include a certification by an authorized representative of the franchisee that the reported figures are true, complete, and accurate in all material respects

6 of each FLA, any amounts not timely paid by the franchisee shall bear interest at the rate of one and one-half percent (1