Compensation of Operator. As compensation to the Operator for providing the Operations and Construction Services under this Agreement, the Operator shall be entitled to any and all revenues generated from or dedicated to the operation of the System. The District authorizes the Operator to send invoices or otherwise xxxx directly to customers and to determine the time and manner for the collection of payments from customers who use the System. To the extent that any customer sends payment to the District for any invoice or xxxx sent by the Operator, the District shall promptly forward such payments to the Operator.
Compensation of Operator. 28 Section 5.01 Base Fee, Incentive Fee..................................... 28
Compensation of Operator. The Operator shall be entitled to reimbursement for all of its expenditures reasonably incurred in its duties as Operator from the Participants and its compensation will be part of the budget of each Program.
Compensation of Operator. The Members agree that the Operator shall be advanced funds or reimbursed for Company costs as provided in Article 8 and in accordance with the Accounting Procedure (Exhibit B).
Compensation of Operator. ARTICLE VIII TERM AND TERMINATION 8.1 Term 8.2 Termination by the Company for Cause 8.3
Compensation of Operator. Operator's compensation for acting as Operator shall be limited to (i) actual Costs incurred by Operator (provided that Costs payable to third parties are, where possible, expected to be paid by the Company directly to the third parties to which such Costs are owed pursuant to Section 5.7 and the Operator shall not receive such amounts so paid), plus (ii) Labor and G&A Costs, plus (iii) 18% of the Labor and G&A Costs (excluding any extraordinary costs incurred by Operator in connection or as a result of the termination of any employee, required to be incurred by Operator under the NBCWA of 1998, or otherwise, that would otherwise constitute Labor & G&A Costs under this Agreement) (the Operating Profit ). In addition to the Operating Profit provided for in "(iii)," the Company shall pay Operator each month a "Minimum Profit Payment" equal to the amount, if any, by which (x) the number of months for which Operator (and the operator designated under the O&M Agreement) has rendered invoices during the calendar year that includes the month covered by the most recent invoice multiplied by $16,666.66 is greater than (y) the total Operating Profit, plus the Operating Profit under the O&M Agreement, previously paid or payable by the Company in that calendar year including the most recent invoice; provided that if this Agreement terminates before the close of business on the last day of a calendar month, the Minimum Profit Payment for that partial month shall be proportionately reduced to reflect the ratio of the number of days this Agreement was in effect during that month to the total number of days in that month. Minimum Profit Payments shall be paid half to Operator and half to the operator designated under the O&M Agreement. If for any calendar year the aggregate Operating Profits plus the Operating Profits under the O&M Agreement plus the Minimum Profit Payments (collectively, the "total payments") exceeds $200,000 (provided that in the case of a partial year in the event this Agreement is terminated before the end of a calendar year, this $200,000 figure shall be reduced to an amount equal to $547.95 multiplied by the number of days this Agreement is in effect during such calendar year), then Operator shall refund to the Company the Minimum Profit Payments, but not an amount in excess of the Minimum Profit Payments, to the extent necessary to cause the total payments after giving effect to such refund to equal $200,000 (or in the case of a partial year, the r...
Compensation of Operator. During the operating term (and proportionally for any fraction of a month), Owner shall pay monthly to Operator for services rendered under this Agreement a management fee of One Hundred and 00/100 ($100.00)
Compensation of Operator. In compensation for its operating services under this Agreement, Operator shall be entitled to receive:
Compensation of Operator. For the services to be performed by Operator and/or its affiliates pursuant to this Agreement, Valero shall pay Operator as follows:
Compensation of Operator. It is the intent of the parties that Operator not make a profit nor incur a loss in providing the services necessary to operate the Ferry System Operations during the term of this Agreement. Consequently, the Authority shall (1) make available to Operator sufficient funds of the Authority to cover all liabilities, obligations, costs and expenses set forth in the Annual Budget, as amended from time to time; (2) reimburse Operator for any and all compensation, employee and welfare benefits, insurance, payroll taxes and other liabilities, costs and expenses incurred by Operator and relating to the Operator Employees in accordance with the Annual Budget, as amended from time to time, and (3) pay or reimburse Operator for (to the extent Operator advances funds as provided in this Agreement) liabilities, obligations, costs or expenses relating to or otherwise associated with the operation of the Ferry Transportation System, except for those arising out of the negligence or willful misconduct of Operator or the Leased Employees. The Authority shall be solely responsible for all transfer, sales or use Taxes imposed or assessed as a result of the provision of services by Operator.
