Accounting Fee. Each Restaurant shall pay to the General Partner or its designee a fee (“Accounting Fee”) in consideration for the accounting services provided by the General Partner or its designee to the Restaurant. The initial Accounting Fee shall be established by the Company and shall be either a flat fee per Restaurant or a specified percentage of each Restaurant’s gross sales, as the Company deems appropriate in its reasonable discretion. The Accounting Fee shall be reviewed on a monthly basis by the Company and may be increased or decreased by the Company from time to time in accordance with the Company’s criteria for establishing such fees for company owned restaurants.
Accounting Fee. In consideration of certain other mandatory services related to the Brand provided by Manager and/or its affiliates, Manager shall have the right to withdraw from the Bank Account and pay itself an Accounting Fee equal to Fifteen Dollars ($15.00) per room for each Fiscal Month or part thereof during the Initial Term and any Renewal Term(s), subject to adjustment from time to time on an area-wide basis within the Brand. The Accounting Fee for the immediately preceding Fiscal Month shall be paid to Manager by the 15th day of the next succeeding Fiscal Month.
Accounting Fee. The Owners and Innisfree agree that (a) for the services provided by Innisfree pursuant to Articles II and VI the Owners will pay to Innisfree an annual Accounting Fee equivalent to $30.00 per month per Unit; and (b) the Accounting Fee will be payable monthly as a Hotel Expense in each case upon the delivery of the Monthly Statement in respect of such month.
Accounting Fee. In addition to the Base Management Fee, the Manager shall be paid a fee for centralized accounting services (the “Accounting Fee”) equal to $2,500 per Accounting Period during the Term of this Agreement and for one (1) Accounting Period after the termination of this Agreement. The Accounting Fee shall be increased each year in accordance with increases in the Consumer Price Index-Cities-All Urban Consumers (1982-84 — 100), issued by the Bureau of Labor Statistics of the United States Department of Labor.
Accounting Fee. In addition to the Base Management Fee, the Manager shall be paid a fee for centralized accounting services (the “Accounting Fee”) equal to the per-Accounting Period fee set forth in the Sub-Management Agreement with respect to each individual Hotel during the Term of this Agreement and for one (1) Accounting Period after the termination of this Agreement. Such centralized accounting services consist of the processing of daily accounting 19 transactions necessary for the preparation of the monthly financial statements, including general ledger, accounts payable, payroll (in conjunction with the payroll processing firm) and banking. Section 9.4
Accounting Fee. Manager will perform certain data processing and accounting functions for the Hotel at Manager’s headquarters or central office using personnel that are not employed at the Hotel. In consideration of Manager’s performance of these data processing and accounting functions for the benefit of the Hotel, Owner will pay to Manager on a monthly basis the Accounting Fee, which Accounting Fee shall be prorated for any partial month and may be withheld by Manager from Gross Revenues.
Accounting Fee. In addition to the Base Management Fee and the Incentive Management Fee, the Manager shall be paid a fee for centralized accounting services (the “Accounting Fee”) equal to the amount charged by Manager monthly for all Manager’s managed hotels based on the type of hotel managed per Accounting Period during the Term of this Agreement and for one (1) Accounting Period after the applicable termination of this Agreement with respect to the Hotel. The Accounting Fee shall be set annually and is intended to be a break-even fee for the accounting department. The Accounting Fee for 2008 is $1,500 per month. Such centralized accounting services consist of the processing of daily accounting transactions necessary for the preparation of the monthly financial statements, including general ledger, accounts payable, payroll (in conjunction with the payroll processing firm) and banking. In addition, the following expenses are included in the annual accounting fee
Accounting Fee. Monthly accounting fee for service shall be $2,000 per month (“Accounting Fee”). The Accounting Fee shall be the sole and entire amount for accounting fees for which Owner shall be responsible to pay Operator. Owner shall be responsible for payment of charges for third party reports, audits, and tax returns. No deduction or disbursement in excess of the Accounting Fee amount may be made from the General Account or any other account of Owner for the accounting services provided by Operator. The Accounting Fee may be adjusted annually at the discretion of Operator, but in no case shall such adjustment exceed the annual increase in the National Consumer Price Index (CPI), as published by the Bureau of Labor Statistics. Revenue Management Fee. Monthly revenue management fee shall be $1650 per month (“Revenue Management Fee”). This Revenue Management Fee shall be the only fee associated with Revenue Management charged to Owner. Operator shall provide daily reports on inventory, rates and rate management. Onboarding Fee. Manager may change a $20,000 onboarding fee to compensate Operator in the time and effort associated with a new Owner. /s/ SCM Owner ---- OPERATOR 30 Revenue Management Fee. Monthly revenue management fee shall be $1650 per month (“Revenue Management Fee”). This Revenue Management Fee shall be the only fee associated with Revenue Management charged to Owner. Operator shall provide daily reports on inventory, rates and rate management. Onboarding Fee. Manager may charge a $20,000 onboarding fee to compensate Operator in the time and effort associated with a new Owner. Owner/s/ KVP OPERATOR SCHEDULE 1 TO MANAGEMENT AGREEMENT (Legal Description) THE LAND SITUATED IN THE COUNTY OF MECKLENBURG, STATE OF NORTH CAROLINA, LEGALLY DESCRIBED AS FOLLOWS: BEING ALL OF LOT 2 OF PANOS HOTEL PROPERTY (PINEVILLE) – MAP 2 SUBDIVISION AS THE SAME IS SHOWN ON A MAP THEREOF RECORDED IN MAP BOOK 30 AT PAGE 69 IN THE MECKLENBURG COUNTY PUBLIC REGISTRY. TOGETHER WITH EASEMENT CONTAINED IN THAT CERTAIN PARKING EASEMENT RECORDED IN BOOK 10375 AT PAGE 103 IN THE MECKLENBURG COUNTY PUBLIC REGISTRY. SCHEDULE 2 TO MANAGEMENT AGREEMENT (License Agreement) SCHEDULE 3 AUTHORIZED SIGNERS AND LIMITATIONS ON SPENDING AUTHORITY
Accounting Fee. One Thousand Dollars ($1,000.00) per Accounting Period. SCHEDULE 2 SUPPLEMENTAL PROVISIONS
Accounting Fee. An Accounting Fee for accounting services provided by Manager’s corporate employees on a “centralized” basis for the Hotel in the amount of Two Thousand Five Hundred Forty-Eight Dollars ($2,548) per month for each Accounting Period during the Operating Term and for three (3) months after the expiration or termination of this Agreement. The Accounting Fee shall be increased annually by three percent (3%) effective January 1 of each Fiscal Year beginning January 1, 2022.
