Base Management Fees. In consideration of the services to be performed during the Term of this Agreement by Management Company, Management Company shall be paid a periodic base management fee (“Base Management Fee”) in the amount of four percent (4%) of Gross Revenues for each Accounting Period. Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such time as the final monthly report for such Accounting Period is submitted to TRS as provided in Section 6.02 A below.
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Samples: Management Agreement (American Realty Capital Hospitality Trust, Inc.), Management Agreement (American Realty Capital Hospitality Trust, Inc.), Management Agreement (American Realty Capital Hospitality Trust, Inc.)
Base Management Fees. In consideration of the services to be performed during the Term of this Agreement by Management Company, Management Company shall be paid a periodic base management fee (“Base Management Fee”) in the amount of four three percent (43%) of Gross Revenues for each Accounting Period. Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such time as the final monthly report for such Accounting Period is submitted to TRS Owner as provided in Section 6.02 A below.
Appears in 2 contracts
Samples: Management Agreement (Highland Hospitality Corp), Management Agreement (Eagle Hospitality Properties Trust, Inc.)
Base Management Fees. In consideration of the services to be performed during the Term of this Agreement by Management Company, Management Company shall be paid a periodic base management fee (“Base Management Fee”) in the amount of four [three percent (4%) 3%)][for full service hotels with more than 200 rooms][four percent (4%)][for all other hotels] of Gross Revenues for each Accounting Period. Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such time as the final monthly report for such Accounting Period is submitted to TRS as provided in Section 6.02 A below.
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Samples: Management Agreement (American Realty Capital Hospitality Trust, Inc.)
Base Management Fees. In consideration of the services to be performed during the Term of this Agreement by Management Company, Management Company shall be paid a periodic base management fee (“Base Management Fee”) in the amount of four percent (4%) of 4%)of Gross Revenues for each Accounting Period. Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such time as the final monthly report for such Accounting Period is submitted to TRS as provided in Section 6.02 A below.
Appears in 1 contract
Samples: Management Agreement (American Realty Capital Hospitality Trust, Inc.)
Base Management Fees. In consideration of the services to be performed during the Term term of this Agreement by Management Company, Management Company shall be paid a periodic base management fee (“"Base Management Fee”") in the amount of four two and one-half percent (42.5%) of Gross Revenues for each Accounting Period. Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such time as the final monthly report for such Accounting Period is submitted to TRS Owner as provided in Section 6.02 A below.
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Base Management Fees. In consideration of the services to be performed during the Term term of this Agreement by Management Company, Management Company shall be paid a periodic base management fee (“"Base Management Fee”") in the amount of four percent (4%) of Gross Revenues for each Accounting Period. Period.[In the event that there are 250 or more rooms in the Hotel, the Base Management Fee shall be 3% rather than 4%] Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such time as the final monthly report for such Accounting Period is submitted to TRS Owner as provided in Section 6.02 A below.
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Samples: Stock Purchase and Rights Agreement (Sandalwood Lodging Investment Corp)
Base Management Fees. In consideration of the services to be performed during the Term of this Agreement by Management Company, Management Company shall be paid a periodic base management fee (the “Base Management Fee”) in the amount of four percent (4%) of Gross Revenues for each Accounting Period. Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such time as the final monthly report for such Accounting Period is submitted to TRS Master Tenant as provided in Section 6.02 A below.
Appears in 1 contract
Samples: Management Agreement (KBS Strategic Opportunity REIT II, Inc.)