Calculation of Management Fee. Subject to Section 7.2(e) hereof, as payment to the Manager for performing Services hereunder during any Fiscal Quarter or any part thereof, the MSA Administrator, as of any Calculation Date with respect to such Fiscal Quarter, shall calculate, on or promptly following such Calculation Date, the Management Fee with respect to such Fiscal Quarter, which shall be equal to, as of such Calculation Date, the product of (i) 0.5%, multiplied by (ii) Adjusted Net Assets as of such Calculation Date; provided, however, that, with respect to the Fiscal Quarter in which the Commencement Date occurs, the Management Fee shall be equal to the product of (i)(x) 0.5%, multiplied by (y) the Adjusted Net Assets as of such Calculation Date, multiplied by (ii) a fraction, the numerator of which is the number of days from and including the Commencement Date to and including the last day of such Fiscal Quarter and the denominator of which is the number of days in such Fiscal Quarter; provided, further, however, that, with respect to the Fiscal Quarter in which this Agreement is terminated, the Management Fee shall be equal to the product of (i)(x) 0.5%, multiplied by (y) the Adjusted Net Assets as of such Calculation Date, multiplied by (ii) a fraction, the numerator of which is the number of days from and including the first day of such Fiscal Quarter to but excluding the date upon which this Agreement is terminated and the denominator of which is the number of days in such Fiscal Quarter (such amount so calculated in accordance with this proviso, the “Final Management Fee”).
Calculation of Management Fee. Doctor and Company mutually acknowledge that Company is making a substantial investment in entering into this Agreement. Payment of the Management Fee is acknowledged as the parties negotiated agreement as to the reasonable, fair market value of the facilities and services, management and other items and services furnished by Company pursuant to this Agreement, considering the nature of the services required, the risks assumed by Company, and the capital being made available to Doctor by Company on a non-recourse basis. In order to properly reflect the adequacy of compensation for the range of services provided by Company, it is mutually agreed that the Management Fee shall be reviewed at least annually for possible renegotiation based upon the extent of management services to be provided. Doctor shall reimburse Company for the actual, documented costs of all Management Services, as set forth in Exhibit A, provided by the Company to the Doctor in accordance with this Agreement. Additionally, for the billing and collection services, and support and management services described herein that will be provided by Company, as well as for its efforts in providing the office space and equipment for the Doctor, Doctor shall pay Company a fixed monthly fee (the “Service Fee”) as set forth in Exhibit A. Reimbursement of Company’s costs plus the Service Fee are referred to herein collectively as the “Management Fee” and shall be payable by Doctor to Company in accordance with this Section 5.1, as well as pursuant to Exhibit “A,” hereto, payable on the fifth day of each month during the Term. In the event that the accumulated Gross Collected Revenues are insufficient to allow payment of all Practice Expenses and the Management Fee incurred, then the amount payable for the Management Fees accrued may be accumulated at the discretion of the Company and payable in any future month(s) that funds become available from the Practice Account, however, the Management Fee shall by payable solely from the Practice Account. Doctor shall incur no liability for repayment other than from such funds.
Calculation of Management Fee. Subject to Section 7.1(c) hereof, as payment to the Manager for performing Services hereunder during any Fiscal Quarter or any part thereof, the MSA Administrator, as of the Calculation Date with respect to such Fiscal Quarter, shall calculate, on or promptly following such Calculation Date, the Management Fee with respect to such Fiscal Quarter, which shall be equal to the product of (i) 0.5%, multiplied by (ii) the Adjusted Net Assets as of such Calculation Date; provided, however, that, with respect to the Fiscal Quarter in which the Commencement Date occurs, the Management Fee with respect to such Fiscal Quarter or part thereof shall be equal to the product of (i)(x) 0.5%, multiplied by (y) the Adjusted Net Assets as of the Calculation Date with respect to such Fiscal Quarter, multiplied by (ii) a fraction, the numerator of which is the number of days from and including the Commencement Date to and including the last day of such Fiscal Quarter and the denominator of which is the number of days in such Fiscal Quarter; provided, further, however, that, with respect to the Fiscal Quarter in which this Agreement is terminated, the Management Fee with respect to such Fiscal Quarter or part thereof shall be equal to the product of (i)(x) 0.5%, multiplied by (y) the Adjusted Net Assets as of the Calculation Date with respect to such Fiscal Quarter, multiplied by (ii) a fraction, the numerator of which is the number of days from and including the first day of such Fiscal Quarter to but excluding the date upon which this Agreement is terminated and the denominator of which is the number of days in such Fiscal Quarter (such amount so calculated in accordance with this proviso, the “Final Management Fee”). Promptly upon calculating each Management Fee, the MSA Administrator shall submit such calculation to the Chief Financial Officer for his review. If the Chief Financial Officer identifies any discrepancy in such calculation, then the Chief Financial Officer, on behalf of the Company, and the MSA Administrator shall mutually resolve such discrepancy.
Calculation of Management Fee. All applicable Management Fees are payable monthly in advance on the first day of the month (or on the Commencement Date with respect to such Limited Partner in the case of the first month of this Agreement). All payments of the Management Fees to the Investment Advisor pursuant to the Investment Advisory Agreement shall be made without any reduction, deduction or withholding for or on account of any tax (including without limitation, any value added tax), unless required by law. If reduction, deduction or withholding of any tax (including without limitation, any value added tax) is required by law from any such payment, the sum payable shall be increased as necessary so that after making all required deductions and withholdings, the Investment Advisor receives an amount equal to the amount that it would have received had no such deductions or withholdings been made.
Calculation of Management Fee. The compensation payable to the Management Company for the provision of Management Services under this Agreement (the "Management Fee"), shall be equal to the sum of (i) an amount equal to the Applicable Percentage (as hereinafter defined) of Collections plus (ii) the total amount of the Authorized Management Company Operating Costs plus (iii) an amount equal to sixty six and two-thirds percent (66-2/3%) of the Professional Practice Cost Savings (as hereinafter defined) plus (iv) any amounts owed to the Management Company pursuant to Section 5.10 hereof, if any; provided, however, that in the event the Applicable Percentage of Collections shall equal an amount that is less than $240,840 for any calendar year ending on or before December 31, 2002 (excluding the year ending on December 31, 1997), the Management Fee for such period shall, notwithstanding anything to the contrary contained herein, equal $240,840 plus the amounts described in clauses (ii), (iii) and (iv) above (the "Guaranteed Minimum Fee"); provided further, however, that, for so long as the Medical Group consists solely of three (3) physicians (collectively, the "Initial Group"), in the event that the Applicable Percentage of Collections of the Initial Group (on a collective basis) shall equal an amount in excess of $325,842 for any calendar year ending on or before December 31, 2002, the Management Fee for such period shall, notwithstanding any potential calculation to the contrary, equal a maximum of $325,842 plus the amounts described in clauses (ii), (iii) and (iv) above (the "Initial Group Maximum Fee"). The Medical Group hereby acknowledges and agrees that in the event the Medical Group, as of the end of any calendar year ending on or before December 31, 2002, includes the medical practices of a total of four or more physicians, then the maximum Management Fee payable for such calendar year shall equal the Initial Group Maximum Fee plus the Applicable Percentage of the Collections of those physicians not part of the Initial Group plus the amounts described in clauses (ii), (iii), and (iv) above. For purposes of determining those physicians comprising the Initial Group, the parties hereto agree that those three physicians who first commenced practicing medicine with the Medical Group (based on the date each such physician became employed by or began practicing with the Medical Group) shall make up the Initial Group. For illustrative purposes only, an example of the computation of the Man...
Calculation of Management Fee. The Manager and AHP expressly acknowledge that the Management Fee provided for in this Agreement has resulted from arm’s length negotiations between the Parties, has not been determined in a manner that takes into account the volume or value of any referrals or business otherwise generated between the Parties, and is to the best knowledge of each Party consistent with fair market value for the services to be rendered as set forth in this Agreement. Neither the Manager nor AHP shall take any action in violation of Section 1128B of the Social Security Act, as amended, and codified at 42 U.S.C. § 1320a-7b, nor 42 U.S.C. § 1395nn, commonly referred to as Xxxxx II.
Calculation of Management Fee. Subject to Section 7.1(e) hereof, as payment to the Manager for performing Services hereunder during any Fiscal Quarter or any part thereof, the MSA Administrator, as of any Calculation Date with respect to such Fiscal Quarter, shall calculate, on or promptly following such Calculation Date, the Management Fee with respect to such Fiscal Quarter, which shall be equal to, as of such Calculation Date, (a) 0.375%, multiplied by (b) the Cost of Invested Capital as of such Calculation Date in the amount up to and equal to $2,500,000,000, plus (c) 0.3125%, multiplied by (d) the Cost of Invested Capital as of such Calculation Date in the amount in excess of $2,500,000,000; provided, however, that, with respect to the Fiscal Quarter in which this Agreement is terminated or the Cost of Invested Capital becomes more than or equal to $2,500,000,000, the Management Fee shall be calculated on a per day basis for such Fiscal Quarter (such amount so calculated in accordance with this proviso, the “Final Management Fee”).
Calculation of Management Fee. Subject to Section 7.1(e) hereof; as payment to the Manager for performing Services hereunder during any Fiscal Quarter or any part thereof; the MSA Administrator, as of any Calculation Date with respect to such Fiscal Quarter shall calculate, on or promptly following such Calculation Date, the Management Fee with respect to such Fiscal Quarter, which shall be equal to, as of such Calculation Date, the product of (i) 0.5%, multiplied by (ii) Adjusted Net Assets as of such Calculation Date; provided, however, that, with respect to the Fiscal Quarter in which this Agreement is terminated, the Management Fee shall be equal to the product of (i)(x) 0.5%, multiplied by (y) the Adjusted Net Assets as of such Calculation Date, multiplied by (ii) a fraction, the numerator of which is the number of days from and including the first day of such Fiscal Quarter to but excluding the date upon which this Agreement is terminated and the denominator of which is the number of days in such Fiscal Quarter (such amount so calculated in accordance with this proviso, the “Final Management Fee”).
Calculation of Management Fee. The Management Fee shall be ------------------------------- equal to:
(a) A fixed amount of R35 000 (thirty five thousand) per month for the pre-operations period (period from award of casino license to opening Date), plus
(b) Four percent (4%) of the yearly gross revenues (excluding VAT and any other taxes) generated by or in the Casino (excluding food & beverage), for the applicable Fiscal Year, between zero Rand (R0) and forty million Rands (R40,000,000), plus five percent (5%) of the yearly gross revenues (excluding ---- VAT and any other taxes) generated by or in the Casino (excluding food & beverage), for the applicable Fiscal Year, exceeding forty million Rands (R40,000,000), plus ----
(c) Seven and a half percent (7.5%) of the Casino's yearly EBITDA (excluding food & beverage), for the applicable Fiscal Year.
(d) The percentage referred to in the first section of (b) above (four percent) shall be reduced to three percent (3%) for the first twelve months of casino operation.
Calculation of Management Fee. Said management fee shall be earned at the rate of five (5) basis points of amount of invested assets in the CCF Fund at the end of each day and shall be paid on the last day of each month.
