Compensation for Management Services. The Advisor will not collect a management fee separate from any Management Fee described in the LLC Agreement. The Fund shall pay the Advisor Carried Interest pursuant to Article VI.1 of the LLC Agreement.
Compensation for Management Services. As compensation for its continuous acceptable management services as defined in the license Agreement, PCS shall pay CCI the following:
a. Fees described in Exhibit "A".
b. For PCS's authorized costs directly incurred by CCI on behalf of PCS or the Systems excluding capital expenditures and costs associated with CO's responsibilities, the slim of all authorized costs incurred, payable within ten (10) days of CO's presentation of invoice to Investor.
c. As farther consideration for its services hereunder, PCS grants to CCI, subject to CCI's continuous, acceptable performance hereunder, a right of first refusal to purchase all of PCS's offered interest in the System or License or all of the offered direct or indirect ownership of PCS. CCI shall have the exclusive right to match any bona fide written offer to PCS from an unaffiliated third party to purchase the System or License or PCS (all as set forth herein), which is received prior to actual licensing or within five (5) years thereafter. Investor shall provide CCI with written notice of such offer within ten (10) days of receipt thereof, together with a copy of the offer and CCI's acceptance thereof Or agreement. At CCI's sole discretion, CCI may exercise his right of first refusal to purchase the offering within fifteen (15) days of receipt of written notice of such offer. Failure to provide CCI of written offer within such period shall release PCS from CCI's right of first refusal and allow Investor to proceed and accept the previous offer.
Compensation for Management Services. The Owner acknowledges and agrees to pay the following costs: (a) one-time $200 initial set up fee for the first unit and $100 per additional unit; (b) a fee of 8% of monthly gross rents the Manager collects, without reduction for any Owner concessions, which is due and owing when rent is due for all full and prorated months for the Management Services; (c) a leasing fee of 50% of one full month’s rent due upon Lease execution; (d) periodic property review, market rent assessment, and Lease renewal for a fee of 12.5% of one month's rent; (e) $25 administrative fee for preparation of annual year end statements. If any Federal, State or Local Government laws, rules, regulations, ordinances, orders, declarations, or otherwise temporarily suspend, cease, or xxxxx a tenant’s rent payment the management fee shall remain due and owing. If someone besides Manager (E.g. prior property manager, owner) placed the tenant and tenant does not pay rent on time the management fee shall remain due and owing.
Compensation for Management Services. (a) In consideration of the provision by the Manager to APT, APT Parent and APT Holding of the services set out herein, APT Parent shall be obligated to pay to the Manager the fees set out in Exhibit II hereto (collectively, “Management Fees”) on such terms and at such times as set out therein. For the avoidance of doubt, no Management Fee shall be payable for any period following a Termination Event.
(b) In addition to the payment of the Management Fees payable in accordance with Clause 4(a), above, APT Parent shall be obligated to advance funds to the Manager on a monthly basis in advance at the beginning of each month for Reimbursable Expenses which are known and budgeted based on a budget submitted by the Manager and updated from time to time to include Reimbursable Expenses which are able to be estimated, provided, that the Manager shall document in writing all reconciliations between actual and budgeted Reimbursable Expenses on a monthly basis, and shall provide APT Parent with a copy thereof together with reasonable documentation therefore, and provided further that with respect to Reimbursable Expenses that are not budgeted and for which no advance funds are available, the Manager shall provide APT Parent with a written request for amounts it is seeking to have repaid or reimbursed under this Clause 4(b) and such request shall include reasonable documentation of the amounts so advanced, incurred, or reimbursed and provided further that the Manager shall make such requests no more frequently than once in any calendar month. Any amounts to be reimbursed under this Clause 4(b) shall be payable promptly, but in any event within ten (10) Business Days of request by the Manager. The Manager shall provide accounting for all funds reimbursed, whether through advances or requests for reimbursement, hereunder on a monthly basis in arrears.
(c) The Manager shall at all times maintain and keep true and correct records of all costs and expenditures incurred hereunder as well as all other data necessary or proper for the settlement of accounts between the parties hereto in accordance with this Agreement, which records shall be open for inspection by authorized representatives of APT, APT Parent and APT Holding during normal business hours and upon reasonable prior notice. Payment by APT Parent of any statements, invoices or requests for cash submitted hereunder shall not prejudice the right of APT Parent to later protest or question the correctness thereof withi...
Compensation for Management Services. The Owner acknowledges and agrees to pay the following costs: (a) one-time $200 initial set up fee for the first unit and $100 per additional unit; (b) a fee of 8% of monthly gross rents the Manager collects, without reduction for any Owner concessions, which is due and owing when rent is due for all full and prorated months for the Management Services; (c) a leasing fee of 50% of one full month’s rent due upon lease execution; (d) periodic property review, market rent assessment and lease renewal $200; (e) $25 administrative fee for preparation of annual year end statements. Notwithstanding any Federal, State or Local Government laws, rules, regulations, ordinances, orders, declarations, or otherwise which temporarily suspend, cease, or xxxxx a tenant’s rent payment the foregoing fees shall remain due and owing as prescribed in this Compensation for Management Services Section.
Compensation for Management Services. The Owner acknowledges and agrees to pay the following costs: (a) one-time $200 initial set up fee for the first unit and $100 per additional unit; (b) a fee of 8% of monthly gross rents the Manager collects, without reduction for any Owner concessions, which is due and owing when rent is due for all full and prorated months for the Management Services; (c) a leasing fee of 50% of one full month’s rent due upon Lease execution; (d) periodic property review, market rent assessment and Lease renewal $200; (e) $25 administrative fee for preparation of annual year end statements. If any Federal, State or Local Government laws, rules, regulations, ordinances, orders, declarations, or otherwise temporarily suspend, cease, or xxxxx a tenant’s rent payment the management fee shall remain due and owing. If someone besides Manager (E.g. prior property manager, owner) placed the tenant and tenant does not pay rent on time the management fee shall remain due and owing.
Compensation for Management Services. No Manager or Officer shall receive no compensation for its services rendered to the Company as Manager or Officer.
Compensation for Management Services. Owner shall pay Independent Contractor as compensation for management services (“Management Fee”) the greater of (a) an amount equal to percent ( %) of the “Gross Rental Receipts” collected monthly, or (b) a fee of $ per month (the “Basic Fee”), as outlined in Exhibit One attached hereto and made a part of this Agreement. Either form of compensation shall be paid in the same month income is collected and/or during the accounting period described in Section 5.2. In addition to the Management Fee or Basic Fee above, and in lieu of any other payments to Independent Contractor for its cost of doing business such as (i) all general, administrative and overhead expenses; (ii) wages, salaries and compensation of on-site and off-site personnel (not including maintenance technician or engineer hourly labor charges billed separately), and supervisory management employed by Independent Contractor; (iii) accounting, cell phones and other related mobile communication devices, telephone, fax, internet, computers and other related devices, office supplies, copy charges, express and regular mail, mileage, uniforms, entertainment, software and software licensing or fees, and (iv) all other costs of Independent Contractor directly allocable to performing its duties under this Agreement and related exclusively to the Project, Owner shall pay to Independent Contractor a fixed monthly amount of $ , as outlined in Exhibit One attached hereto and made a part of this Agreement (“Administrative Fee”). The Administrative Fee shall be paid as a flat monthly fee. Any shortfall with respect to the Administrative Fee is the responsibility of Independent Contractor. Accordingly, Independent Contractor shall not be entitled to compensation or reimbursements of any kind except the Management Fee or Basic Fee, Administrative Fee, and Construction Management Fee as described below.
Compensation for Management Services. 2.1 As compensation for the Management Services, the Company shall pay to Manager and/or its designees, as determined by Manager in its sole discretion, the Service Fee, in the amount(s) set forth on Schedule B (as the same may be updated from time to time) in accordance with the terms and conditions set forth therein. Without limiting the generality of the foregoing, the Company shall promptly reimburse Manager for any cost recovery fees or expenses payable to Manager’s affiliates or subcontractors if the efforts required of any such party to support the Management Services exceed the scope contemplated by Manager as of the Effective Date.
Compensation for Management Services. 20 4.4 Payment of Manager's Compensation..............................................................21
