Accounting and Disbursement of Owner Compensation Sample Clauses

Accounting and Disbursement of Owner Compensation. Compensation payments and accounting statements shall be due to Owner thirty (30) days from the end of each calendar quarter in which the revenues from sales of the Product are received by DRG. Any Compensation accumulated in an amount of less than $100.00 will be carried over and paid within thirty (30) days of the end of the calendar quarter in which this threshold is met. DRG will keep accurate books and records pertaining to all sales of the Product and shall prepare accurate accounting statements setting forth all sales, returns, taxes, and Compensation for each quarterly period. Owner shall have the ability and right to inspect and audit in accordance with generally accepted auditing standards, GAAS, all books and records concerning the Product to the extent necessary to determine the Compensation payable hereunder. Owner, or its duly appointed representative, will conduct such inspection only during normal business hours upon a written request submitted to DRG. Such notice shall be received by DRG at least twenty (20) days prior to the date of the inspection or if inspection is sought while DRG is conducting its year-end audit, sixty (60) days prior to such inspection date.
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Related to Accounting and Disbursement of Owner Compensation

  • Escrow Administration Fees, Compensation of Prime Trust Escrow Agent is entitled to escrow administration fees from Issuer and/or Broker as set forth in Schedule A attached hereto and as displayed on the Issuer Dashboard. Escrow Agent fees are not contingent in any way on the success or failure of the Offering, receipt of Subscriber funds, or transactions contemplated by this Agreement. No fees, charges or expense reimbursements of Escrow Agent are reimbursable, and are not subject to pro-rata analysis. All fees and charges, if not paid by a representative of Issuer (e.g. funding platform, lead syndicate broker, etc.), may be made via either Issuers credit/debit card or ACH information on file with Escrow Agent. Issuer shall at all times maintain appropriate funds in their account for the payment of escrow administration fees. Escrow Agent may also collect its fee(s), at its option, from any other account held by the Issuer at Prime Trust. It is acknowledged and agreed that no fees, reimbursement for costs and expenses, indemnification for any damages incurred by Issuer or Escrow Agent shall be paid out of or chargeable to the Escrow Amount.

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  • Management Fees and Compensation No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any Credit Party or to any officer, director or employee of any Credit Party or any Affiliate of any Credit Party except:

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