Common use of Fees for Management Services Clause in Contracts

Fees for Management Services. As consideration payable to the Service Provider or any of its Affiliates for providing the Management Services to the Company, the Company shall pay to the Service Provider an annual management fee in respect of each fiscal year of the Company in an amount equal to $76,200 (the "Management Fee"). The Management Fee shall be payable in advance in monthly installments of $6,350 on the first Business Day of each month of each such fiscal year, commencing on June 2, 2014. For purposes of this Agreement, "Business Day" means any day except Saturday, Sunday or any other day on which commercial banks located in New York, New York are authorized or required by applicable law to be closed for business.

Fees for Management Services. As consideration payable to the Service Provider or any of its Affiliates for providing the Management Services to the Company, the Company shall pay to the Service Provider an annual management fee in respect of each fiscal year of the Company in an amount equal to $76,200 (the "Management Fee"). The Management Fee shall be payable in advance in monthly installments of $6,350 on the first Business Day of each month of each such fiscal year, commencing on June 21, 2014. For purposes of this Agreement, "Business Day" means any day except Saturday, Sunday or any other day on which commercial banks located in New York, New York are authorized or required by applicable law to be closed for business.