Common use of AGENT’S COMPENSATION Clause in Contracts

AGENT’S COMPENSATION. The Agent will be compensated for its service under this Agreement by monthly fees to be paid out of the Project Rental Account to be treated as Project expenses. Such fees will be payable monthly. Each such monthly fee will be in an amount equal to five percent (5%) of the gross receipts (including rentals and other operating income of the Project) actually received during the preceding month. In addition, the Agent shall receive reimbursement for all proper expenditures, obligations and liabilities incurred by the Agent in connection with the operation of the Project. Such reimbursement shall be limited to the actual cost of goods, services and materials used for or by the Project, and in no event shall such cost exceed the cost of such items if supplied by persons or entities other than the Agent or its affiliates. Such reimbursement shall not include reimbursement for costs of services rendered by employees who are not employed in the operation of the Project (except that employees servicing more than one property (whether or not owned by the Owner) may have their costs prorated based upon the respective number of units or square footage in each property), or other expenses for which managing agents of real estate would not customarily receive reimbursement in addition to stated compensation.

AGENT’S COMPENSATION. The Agent will be compensated for its service services under this Agreement by monthly fees to be paid out of the Project Shopping Center Rental Account to be treated as Project Shopping Center expenses. Such fees will be payable monthly. Each such monthly fee will be in an amount equal to five percent SIX PERCENT (56%) of the gross receipts (including rentals and other operating income of the ProjectShopping Center) actually received during the preceding applicable month. In addition, the Agent shall receive reimbursement for all proper expenditures, obligations and liabilities incurred by buy the Agent in connection with the operation of the ProjectShopping Center. Such reimbursement fee shall be limited to the actual cost of goods, services and materials used for or by the ProjectShopping Center, and in no event shall such cost exceed the cost of such items if supplied by persons or entities other than the Agent or its affiliates. Such reimbursement shall not include reimbursement for costs of services rendered by employees who are not employed in the operation of the Project Shopping Center (except that employees servicing more than one property (whether or not owned by the Owner) may have their costs prorated based upon the respective number of units or square footage in each property), or other expenses for which managing agents of real estate would not customarily receive reimbursement in addition to stated compensation.

AGENT’S COMPENSATION. The Agent will be compensated for its service under this Agreement by monthly fees to be paid out of the Project Rental Account to be treated as Project expenses. Such fees will be payable monthly. Each such monthly fee will be in an amount equal to five percent FIVE PERCENT (5%) of the gross receipts (including rentals and other operating income of the Project) actually received during the preceding month. In addition, the Agent shall receive reimbursement for all proper expenditures, obligations and liabilities incurred by the Agent in connection with the operation of the Project. Such reimbursement shall be limited to the actual cost of goods, services and materials used for or by the Project, and in no event shall such cost exceed the cost of such items if supplied by persons or entities other than the Agent or its affiliates. Such reimbursement shall not include reimbursement for costs of services rendered by employees who are not employed in the operation of the Project (except that employees servicing more than one property (whether or not owned by the Owner) may have their costs prorated based upon the respective number of units or square footage in each property), or other expenses for which managing agents of real estate would not customarily receive reimbursement in addition to stated compensation.

AGENT’S COMPENSATION. The Agent will be compensated for its service under this Agreement by monthly fees to be paid out of the Project Rental Account to be treated as Project expenses. Such fees will be payable monthly. Each such monthly fee will be in an amount equal to five percent FIVE PERCENT (5%) of the gross receipts (including rentals and other operating income of the Project) actually received during the preceding month. In addition, the Agent shall receive reimbursement for all proper expenditures, obligations and liabilities incurred by the Agent in connection compliance with the operation of the Project. Such reimbursement shall be limited to the actual cost of goods, services and materials used for or by the Project, and in no event shall such cost exceed the cost of such items if supplied by persons or entities other than the Agent or its affiliates. Such reimbursement shall not include reimbursement for costs of services rendered by employees who are not employed in the operation of the Project (except that employees servicing more than one property (whether or not owned by the Owner) may have their costs prorated based upon the respective number of units or square footage in each property), or other expenses for which managing agents of real estate would not customarily receive reimbursement in addition to stated compensation.