Sentences with phrase «franchise installment payment»
Oto says that Kokusai Green never wanted more than a limited interest in the Lightning but that because of Tampa Bay's financial woes — in June 1991, the team missed a $ 22.5 million franchise installment payment — the company felt obliged to take a majority stake in September 1991.
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Item 5 will also tell you whether the franchise fee must be paid in full or whether it can be paid on an installment basis, and what the payment terms are.