Construction Supervision Fee. In consideration of Manager’s management of Capital Replacements, each TRS shall pay Manager a Construction Supervision Fee for any Capital Replacements required to be made or approved by a TRS. Manager shall include the Construction Supervision Fee in the budget for the Capital Replacement for approval by the TRS. The Construction Supervision Fee will be paid monthly in arrears based on Capital Replacements made in such month.
Appears in 20 contracts
Samples: Pooling Agreement (Five Star Senior Living Inc.), Pooling Agreement (Senior Housing Properties Trust), Management Agreement (Five Star Senior Living Inc.)
