Extract to table

For purposes of this definition, Gross Room Revenue shall be calculated on a gross basis, without deduction for commissions, fees, chargebacks, or other costs of collection

Each monthly royalty payment must be accompanied by a detailed GRR Report in the form prescribed by Verimark's Franchise Operations Manual

4 of each FLA, the franchisee is required to provide written notice to Verimark within thirty (30) days of any change in the number of available rooms at any franchised property

6 of each FLA provides that any underpayment or late payment of amounts owed under the FLA shall accrue interest at the rate of one and one-half percent (1

1 of each FLA establishes a general cure mechanism, providing that upon written notice of a material breach by the franchisor, the franchisee shall have a period of thirty (30) calendar days from the date of receipt of such notice to cure the identified breach

If the breach is not cured within the thirty-day period, the franchisor shall be entitled to terminate the FLA and to pursue all available remedies