Annual Monitoring Fee. The Company will pay you an annual monitoring fee of 0.15%. The Annual Monitoring Fee will be paid to compensate you for your continuing due diligence, for expenses incurred in maintaining and providing information about the Company to your representatives and clients, and for the cost incurred in maintaining the Company's investor accounts. No portion of the annual Monitoring Fee for any year shall accrue in or be payable for such years in which we are liquidated or in which the shares become publicly traded. You may, in your sole discretion, reallow all or any part of the Monitoring Fee to the Selected Dealers. Notwithstanding the foregoing, the Company will not pay the portion of the annual Monitoring Fee for any year which if paid would cause the total underwriting compensation paid to you in connection with this Offering, including selling commissions, expense reimbursements and the annual Monitoring Fee, to exceed 10% of the Gross Offering Proceeds.
Annual Monitoring Fee. The Owner shall pay an Annual Monitoring Fee to the City for the Below Market Rate Units (i.e., Affordable Units), as authorized by Berkeley Municipal Code Section 22.20.065.F. The current fee was set by Resolution No. 68,277-N.S. in the amount of $432 for each Below Market Rate unit, and may be amended from time to time.
Annual Monitoring Fee. The Annual Monitoring Fee is $150 per monitored unit. The number of monitored units is equal to the total number of units being monitored under the AARP. “In the event that the Property utilizes a high volume of monitoring (for example, due to repeated trainings and/or frequent contact to address inaccurate or incomplete reports) Administrator, in its sole discretion, may elect to charge an additional fee based on an hourly rate of $100. Administrator reserves the right to revise the Monitoring Fee annually based on the Administrator’s costs for monitoring functions. In no event shall the monitoring fee decrease.
Annual Monitoring Fee. Pursuant to the Existing Agreement, one or more of the Existing Gates Parties has paid to the Managers a monitoring fee in respect of the Company’s fiscal year ending on or about December 31, 2018. On the first business day of each fiscal year of the Company that begins after the closing date of the IPO (the “Closing Date”), and as the Monitoring Fee in respect of that fiscal year, the New Gates Parties will, jointly and severally, pay to the Managers, allocated between them as described below, an amount (subject to subsequent adjustment as described below) equal to 1% of management’s then current estimate/projection of Consolidated EBITDA (as defined below) for such fiscal year as most recently presented to the Company’s board of directors. No Monitoring Fees will be payable in respect of fiscal years of the Company beginning after the fiscal year of the Company in which the Exit Date occurs. The Monitoring Fee for the fiscal year in which the Exit Date occurs will be reduced by an amount equal to the Monitoring Fee otherwise payable in respect of such entire fiscal year times a fraction, the numerator of which is the number of full fiscal quarters of the Company during such fiscal year, which quarters begin after the Exit Date, and the denominator of which is four.
Annual Monitoring Fee. In addition to the initial set-up fee described in Section 4.7 above, the Developer agrees to pay to the Town during the Affordability Term an annual monitoring fee payable on or before June 30 of each year as established by the Town. The initial annual monitoring fee is shown on Exhibit D.
Annual Monitoring Fee. FCAR shall pay the Village an annual fee (“Annual Fee”) equal to the greater of one percent (1%) of the dollar value of the taxes exempted under this Agreement or five hundred dollars ($500), provided, however, that if the dollar value of the incentives exceeds two hundred fifty thousand dollars, the Annual Fee shall not exceed two thousand five hundred dollars ($2,500). The Annual Fee shall be in the form of a check payable to the Village for the full amount due and shall be due by December 31 of each year whether or not any exemptions have been claimed. Until such time as exemptions are claimed, the minimum annual fee of five hundred dollars ($500.00) applies. The Village shall deposit and use the fee as specified in R.C. 3735.671(D). For clarity, the Annual Fee shall commence in the calendar year that FCAR acquires the Project Site and shall terminate effective the calendar year after the expiration, or earlier termination, of the Exemption.
Annual Monitoring Fee. The base monitoring fee per unit is: $65 per unit for the first 40 units, $55 per unit for the next 40 units, $45 per unit for all units in excess of 80. The monitoring fee is subject to annual adjustments to reflect changes in the Consumer Price Index over the term of this Agreement as set forth below. Pursuant to this Agreement and recorded Agreement Affecting Real Property (including Rental Restrictions), the maximum initial annual fee charged by the Administrator shall not exceed $3,975 plus the initial monitoring fee of $500. This maximum initial annual amount may be adjusted for changes in the Consumer Price Index as set forth in Section XI of this Agreement, and may exceed the $3,975 maximum in any year succeeding the initial year of the Agreement.
Annual Monitoring Fee. The Borrower may pay the Annual Monitoring Fee to the Sponsor not to exceed the greater of (a) $500,000 and (b) one percent (1%) of EBITDAX; provided that at the time such fee is paid no Event of Default or Borrowing Base Deficiency exists and after giving pro forma effect to such payment and any concurrent incurrence of Debt, no Event of Default would result; provided further that in the event such distribution is not permitted because of the limitations referenced in the preceding proviso, the permitted amount of such distribution shall accrue but will not be payable until such breach or Borrowing Base Deficiency has been cured or waived or until such distribution can be made without causing such breach or Borrowing Base Deficiency, as the case may be.
Annual Monitoring Fee. The Company shall pay to each Investor other than any DLJ Member (or such other entity designated by such Investor) the Annual Monitoring Fee with respect to such Investor, which Annual Monitoring Fee shall be treated and paid as contemplated in the definition thereof. The Company shall pay to the DLJ Representative (or such other entity designated by the DLJ Representative) the Annual Monitoring Fee with respect to each DLJ Member, which Annual Monitoring Fee shall be paid as contemplated in the definition thereof.
Annual Monitoring Fee. Pursuant to the Existing Agreement, the Company has paid to BMP a monitoring fee in respect of each of the Company’s fiscal years that began prior to the consummation of the Merger (the “Closing Date”), subject to the “true-up” provisions described below covering the entirety of each such fiscal year. On the first business day of each fiscal year of Vivint that begins after the Closing Date, and as the Monitoring Fee in respect of that fiscal year, the Company Parties will, jointly and severally, pay to BMP an amount (subject to subsequent adjustment as described below) equal to the amount of the Monitoring Fee paid in respect of the immediately preceding fiscal year (without regard to the application of the final “true-up” described in paragraph (d) below, which true-up will not yet have happened by the time of such payment). No Monitoring Fees will be payable in respect of fiscal years of Vivint beginning after the fiscal year of Vivint in which the Exit Date occurs. The Monitoring Fee will accrue and be payable, as most recently calculated, with respect to the entire fiscal year of Vivint in which the Exit Date occurs.
