Base Management Compensation Sample Clauses

Base Management Compensation. For services rendered under this Agreement, the Company shall pay to the Advisor quarterly in arrears commencing on the Effective Date annual base management compensation equal to 1% of the first $200,000,000 of Average Invested Assets during each fiscal year, plus 0.8% of the Average Invested Assets during such year in excess of $200,000,000 (the "Base Management Compensation"). The portion of the Base Management Compensation payable each fiscal quarter shall be calculated by the Advisor within 15 days after the end of such quarter, and a written statement documenting such calculation in reasonable detail shall be promptly delivered to the Company thereafter. The Company shall pay any amount payable pursuant to this Section 6.1 for such quarter within 15 days after the receipt of the written statement setting forth the computation of the Base Management Compensation, or, at the Advisor's election, the Advisor may deduct such amount from the Company's account or accounts, in any case without demand, deduction, offset or delay (other than any deduction or offset for the liquidated sum of any Advisor Refund).
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Base Management Compensation. For services rendered under this ---------------------------- Agreement, the Company shall pay to the Manager, commencing on the Effective Date and payable as described below, base management compensation equal to 3/4 of 1% of the Average Net Invested Capital of the Company (the "Base Management Compensation"). The Base Management Compensation for each month shall be calculated by the Manager within 15 days after the end of such month, and such calculation shall be promptly delivered to the Company. The Company shall pay any amount payable pursuant to this Section 6.1 for such month within 15 days after the receipt of Manager's written statement setting forth the computation of the Base Management Compensation.
Sample 1
Base Management Compensation. For services rendered under this Agreement, the Company shall pay to the Manager quarterly in arrears commencing on the quarter ended June 30, 2005, at a rate per annum equal to ninety hundredths of one percent (0.90%) of the first $750 million of Applicable Average Net Worth during such calendar quarter, plus, if applicable, seventy hundredths of one percent (0.70%) of the next $750 million of Applicable Average Net Worth during such calendar quarter, plus, if applicable, fifty hundredths of one percent (0.50%) of any Applicable Average Net Worth in excess of $1.5 billion during such calendar quarter (the “Base Management Compensation”). The portion of the Base Management Compensation payable each calendar quarter shall be calculated by the Manager within fifteen (15) days after the end of such quarter, and a written statement documenting such calculation in reasonable detail shall be promptly delivered to the Company thereafter. The Company shall pay (by wire transfer of immediately available funds) any amount payable pursuant to this Section 6.1 for such quarter within fifteen (15) days after the receipt of the written statement setting forth the computation of the Base Management Compensation, or, at the Manager’s election with the Company’s approval, the Manager may deduct such amount from the Company’s account or accounts. In the event of any termination of this Agreement during a calendar quarter, the Base Management Compensation in respect of such calendar quarter shall be calculated and paid through the effective date of such termination (pro-rated based upon the number of days elapsed in such calendar quarter prior to the effective date of such termination). For the avoidance of doubt, Base Management Compensation in respect of the period from January 1, 2005 through February 28, 2005 shall be paid in accordance with the Prior Agreement, and Base Management Compensation in respect of the period from March 1, 2005 through March 31, 2005 shall be paid pro-rated based on one third of the quarterly Base Management Compensation for such calendar quarter in accordance with this Agreement.
Sample 1
Base Management Compensation. For services rendered under this Agreement, the Company shall pay to the Manager quarterly in arrears commencing on the Effective Date annual base management compensation equal to one percent (1%) of the first Three Hundred Million Dollars ($300,000,000) of Average Net Worth during each fiscal year, plus eight tenths of one percent (0.8%) of the Average Net Worth during such year in excess of Three Hundred Million Dollars ($300,000,000) (the “Base Management Compensation”). The portion of the Base Management Compensation payable each fiscal quarter shall be calculated by the Manager within fifteen (15) days after the end of such quarter, and a written statement documenting such calculation in reasonable detail shall be promptly delivered to the Company thereafter. The Company shall pay any amount payable pursuant to this Section 6.1 for such quarter within fifteen (15) days after the receipt of the written statement setting forth the computation of the Base Management Compensation, or, at the Manager’s election, the Manager may deduct such amount from the Company’s account or accounts, in any case without demand, deduction, offset or delay (other than any deduction or offset for the liquidated sum of any Manager Refund).
Sample 1

Related to Base Management Compensation

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Base Management Fee The Base Management Fee will be calculated at an annual rate of 2.0% of the Company’s gross assets, exclusive of cash and cash equivalents. The base management fee will be payable quarterly in arrears and will be calculated based on the average value of the Company’s gross assets at the end of the two most recently completed calendar quarters (and, in the case of our first quarter, our gross assets as of such quarter-end). The base management fee may or may not be taken in whole or in part at the discretion of the Adviser. All or any part of the base management fee not taken as to any quarter will be deferred without interest and may be taken in such other quarter as the Adviser will determine. The base management fee for any partial month or quarter will be appropriately prorated.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Services and Compensation Consultant agrees to perform for the Company the services described in Exhibit A (the “Services”), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • 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:

  • Managers Compensation Any or all Managers may receive such reasonable compensation for their services, whether in the form of salary or otherwise, with expenses, if any, as the Board may reasonably determine. Any such compensation and expense will be paid by the Member.

  • Unemployment Compensation The Company will not contest the decision of the appropriate regulatory commission regarding unemployment compensation that may be due to the Executive.

  • Incentive Management Fee In addition to the Management Fee, RREM shall, on an annual basis, pay to Manager, an Incentive Management Fee equal to thirty percent (30%) of the actual income for each calendar year in excess of 110% of the budgeted income for such calendar year, not to exceed $7,500.

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

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