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DES:djk 08/31/87R the term which would expire on September 30, 1995, or (ii) on or before September 30, 1993, Agency gives Company written notice of Agency's determination not to extend the term which would expire September 30, 1996. References to "term" herein shall be deemed to include the extensions to the initial term. Section 2.3. Consideration. Company shall pay to Agency during the term of this franchise thirteen percent (13%) of the gross annual Billings of Company arising from the use, operation under, or possession of this franchise agreement. Company shall pay Agency said franchise fee in installments within fifteen (15) days following the close of each successive calendar quarter during the term hereof, based upon the Billings for each such quarter; provided, that if Agency is responsible for revenue collection under the existing agreement referenced in subdivision (a) of Section 2.2, Agency shall disburse to Company (or direct that disbursement be made by the County Tax Collector, when applicable) Company's prorata share of the gross Billings at the times established thereunder. Franchise fees shall be reported as a Pass Through Cost in accounting therefor under Article VI. ARTICLE III. SCOPE OF FRANCHISE Section 3.1. Scope of Franchise. The franchise granted in Section 2.1 of this agreement shall be deemed to include all of the rights and privileges and be subject to all of the duties and limitations set forth in this Article and elsewhere in this agreement.