Certain Payments to the General Partners and Others Sample Clauses

Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners, or their designee, a non-cumulative fee (the "Annual Partnership Management Fee") commencing in 1998 for services in connection with the administration of the day to day business of the Partnership in an annual amount of $3,000. The Annual Partnership Management Fee for each fiscal year of the Partnership shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a) to the extent Cash Flow is available therefor for such year.
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Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners a fee (the "Annual Partnership Management Fee") commencing in 1997 for their services in connection with the administration of the day-to-day business of the Partnership in an annual amount equal to $1,819 per annum. The Annual Partnership Management Fee shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a); provided, however, that if in any fiscal year commencing in 1997, Cash Flow is insufficient to pay the full amount of the Annual Partnership Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is sufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X.
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Certain Payments to the General Partners and Others. (a) In consideration of the services which have been rendered under the Development Services Agreement (1993), the Partnership has issued the Development Services Agreement (1993) Note to SHLP. The amount of such Note shall be paid by the Partnership from Cash Flow or otherwise in the manner and priority provided in Sections 10.2 and 10.3 or from Capital Contributions by the General Partners pursuant to Section 4.2(b), but prior to any payments under any of the other Service Notes.
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Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners a fee (the "Partnership Management Fee") commencing in 1998 for their services in connection with the administration of the day to day business of the Partnership in an annual amount equal to $4,000 per annum. The Partnership Management Fee for each fiscal year of the Partnership shall be payable from Cash Flow in the manner and priority set forth in Section 10.3(a) to the extent Cash Flow is available therefor for such year; provided, however, that if in any fiscal year commencing with 1999, Cash Flow is insufficient to pay the full amount of the Partnership Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is aufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X.
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Certain Payments to the General Partners and Others. (a) In consideration of their consultation, advice and other services in connection with the construction and development of the Apartment Complex, the Partnership paid to the Previous General Partners (or their designee) a construction and development fee (the "Construction and Development Fee") in the principal amount of $567,100, which fee was deemed to have been earned in full as of the Completion Date. The Construction and Development Fee was paid $400,000 from the proceeds of the Second Installment and $167,100 from the proceeds of the Third Installment.
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Certain Payments to the General Partners and Others. (a) The Partnership shall pay to the General Partners a fee (the "Annual Partnership Management Fee") commencing in 1999 for their services in connection with the administration of the day to day business of the Partnership in an annual amount equal to the lesser of (i) $7,500 per annum or (ii) the excess of (A) one- half of one per cent (0.5%) of the Aggregate Cost of the Apartment Complex over (B) the amount of the Asset Management Fee attributable to such year. The Annual Partnership Management Fee for each fiscal year of the Partnership shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a) to the extent Cash Flow is available therefor for such year; provided, however, that if in any fiscal year commencing with 1999, Cash Flow is insufficient to pay the full amount of the Partnership Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is sufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X. (b) In consideration of their consultation, advice and other services in connection with the construction and development of the Apartment Complex and as consideration for the assignment described in Section 6.14, the Partnership shall pay to the General Partners (or their designee) a construction and development fee (the "Construction and Development Fee") in the principal amount of $345,072, which fee shall be earned in full as to each building in the Apartment Complex as of the date such building is completed. The Construction and Development Fee shall be payable $85,088 from the proceeds of the First Installment, $153,457 from the proceeds of the Second Installment, $80,834 from the proceeds of the Third Installment and $10,248 from the proceeds of the Fourth Installment, with the unpaid balance (the "Deferred Development Fee") payable as provided in Article X. (c) The Partnership shall pay a fee (the "Asset Management Fee") commencing in 1999 for its services in connection with the Partnership's accounting matters relating to the Investment Limited Partner and assisting with the preparation of tax returns and the reports required by Section 12.7 in the annual amount of the lesser of (i) $2,000 or (ii) one-half of one per cent (0.5%) of the Aggregate Cost of the Apartment Complex. The Asset Management Fee shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a); provided, however, that if...
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Certain Payments to the General Partners and Others. (a) In consideration of their consultation, advice and other services in connection with the construction and development of the Apartment Complex, the Partnership agreed to pay to the General Partners (or their designee) a construction and development fee (the "Construction and Development Fee") in the principal amount of $546,019 which fee shall be earned in full as of the Completion Date. The Construction and Development Fee and any interest accrued thereon shall be paid at the Admission Date from the proceeds of General Partner Capital Contributions. Any portion of the Construction and Development Fee which shall not have been paid as of the date which is six months after it shall have been earned shall accrue interest at the Applicable Federal Rate in effect at the time earned from the date earned through the date of payment.
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Certain Payments to the General Partners and Others. (a) In consideration of their consultation, advice and other services in connection with the construction and development of the Apartment Complex, the Partnership agreed to pay to the General Partners (or their designee) a construction and development fee (the "Construction and Development Fee") in the principal amount of $410,029, which fee shall be earned in full as to each building in the Apartment Complex as of the date that such building is completed. The Construction and Development Fee shall be paid $246,951 from the proceeds of the Loan Advance, $79,509 from the proceeds of the First Installment and $36,278 from the proceeds of the Second Installment and $47,291 from the proceeds of the Third Installment. Any portion of the Construction and Development Fee which shall not have been paid as of the date which is six months after it shall have been earned shall accrue interest at the Applicable Federal Rate in effect at the time earned from the date earned through the date of payment; any such interest shall be payable in accordance with the provisions of Article X.
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Certain Payments to the General Partners and Others. (a) The Partnership shall pay to Boston Capital or an Affiliate thereof a fee (the "Asset Management Fee") commencing in 1997 for its services in connection with the Partnership's accounting matters relating to the Investment Limited Partner and assisting with the preparation of tax returns and the reports required by Section 12.7 in the annual amount of the lesser of (i) $10,000 or (ii) one-half of one per cent (0.5%) of the Aggregate Cost of the Apartment Complex. The Asset Management Fee shall be payable from Cash Flow in the manner and priority set forth in Section 10.2(a); provided, however, that if in any fiscal year commencing with 1997, Cash Flow is insufficient to pay the full amount of the Asset Management Fee, the unpaid portion thereof shall accrue and be payable on a cumulative basis in the first year in which there is sufficient Cash Flow or from the proceeds of a Capital Transaction as provided in Article X.
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Related to Certain Payments to the General Partners and Others

  • INVESTMENT MANAGEMENT AND OTHER SERVICES (1) The Fund hereby retains the Investment Manager, and the Investment Manager hereby agrees, for the period of this Agreement and under the terms and conditions hereinafter set forth, to furnish the Fund continuously with investment advice; to determine, consistent with the Fund's investment objectives and policies, which securities in the Investment Manager's discretion shall be purchased, held or sold, and to execute or cause the execution of purchase or sell orders; to prepare and make available to the Fund all necessary research and statistical data in connection therewith; to furnish all other services of whatever nature required in connection with the management of the Fund as provided under this Agreement; and to pay such expenses as may be provided for in Part Three; subject always to the direction and control of the Board of Directors (the "Board") and the authorized officers of the Fund. The Investment Manager agrees to maintain an adequate organization of competent persons to provide the services and to perform the functions herein mentioned and to maintain adequate oversight over any service providers including subadvisers hired to provide services and to perform the functions herein mentioned. The Investment Manager agrees to meet with any persons at such times as the Board deems appropriate for the purpose of reviewing the Investment Manager's performance under this Agreement. The Fund agrees that the Investment Manager may subcontract for certain of the services described under this Agreement with the understanding that there shall be no diminution in the quality or level of services and also with the understanding, that the Investment Manager shall obtain such approval from the Fund's Board and/or its shareholders as is required by law, rules and regulations promulgated thereunder, terms of the Agreement, resolutions of the Board and commitments of the Investment Manager.

  • Dividends and Other Restricted Payments The Parent shall not, and shall not permit any of its Subsidiaries to, declare or make any Restricted Payment, except that:

  • Subsidiaries and Other Equity Investments and Equity Interests in the Borrower and Each Subsidiary Guarantor

  • Due Formation of Corporate and Other Buyers If the Buyer(s) is a corporation, trust, partnership or other entity that is not an individual person, it has been formed and validly exists and has not been organized for the specific purpose of purchasing the Convertible Debentures and is not prohibited from doing so.

  • Sharing of Set-Offs and Other Payments Each Lender Party agrees that if it shall, whether through the exercise of rights under Security Documents or rights of banker's lien, set off, or counterclaim against Borrower or otherwise, obtain payment of a portion of the aggregate Obligations owed to it which, taking into account all distributions made by Administrative Agent under Section 3.1, causes such Lender Party to have received more than it would have received had such payment been received by Administrative Agent and distributed pursuant to Section 3.1, then (a) it shall be deemed to have simultaneously purchased and shall be obligated to purchase interests in the Obligations as necessary to cause all Lender Parties to share all payments as provided for in Section 3.1, and (b) such other adjustments shall be made from time to time as shall be equitable to ensure that Administrative Agent and all Lender Parties share all payments of Obligations as provided in Section 3.1; provided, however, that nothing herein contained shall in any way affect the right of any Lender Party to obtain payment (whether by exercise of rights of banker's lien, set-off or counterclaim or otherwise) of indebtedness other than the Obligations. Borrower expressly consents to the foregoing arrangements and agrees that any holder of any such interest or other participation in the Obligations, whether or not acquired pursuant to the foregoing arrangements, may to the fullest extent permitted by Law and, subject to the provisions of Section 6.16, exercise any and all rights of banker's lien, set-off, or counterclaim as fully as if such holder were a holder of the Obligations in the amount of such interest or other participation. If all or any part of any funds transferred pursuant to this section is thereafter recovered from the seller under this section which received the same, the purchase provided for in this section shall be deemed to have been rescinded to the extent of such recovery, together with interest, if any, if interest is required pursuant to the order of a Tribunal to be paid on account of the possession of such funds prior to such recovery.

  • Reports and Other Communications to Fund Shareholders The Manager shall assist in developing all general shareholder communications, including regular shareholder reports.

  • Administrative and Other Services (a) Subadviser will, at its expense, furnish (i) all necessary investment and management facilities, including salaries of personnel required for it to execute its duties faithfully, and (ii) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct of the investment affairs of the Fund (excluding determination of net asset values and shareholder accounting services).

  • Collection of Income and Other Payments (A) collect and receive for the account of each Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise each Portfolio of such receipt and credit such income, as collected, to each Portfolio's custodian account;

  • Taxes and Other Payments 7.1. Unless otherwise specifically provided for in this Agreement, the Company shall not be liable for the payment of taxes or other payments for which the Employee is responsible as result of this Agreement or any other legal provision, and the Employee shall be personally liable for such taxes and other payments.

  • Transfers and Other Liens Grantors shall not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral, except as expressly permitted by the Credit Agreement, or (ii) create or permit to exist any Lien upon or with respect to any of the Collateral of any Grantor, except for Permitted Liens. The inclusion of Proceeds in the Collateral shall not be deemed to constitute Agent’s consent to any sale or other disposition of any of the Collateral except as expressly permitted in this Agreement or the other Loan Documents;

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