Common use of Fees Paid to Manager Clause in Contracts

Fees Paid to Manager. Commencing on the date hereof, Owner shall pay to Manager a fee (the “Management Fee”), payable monthly in arrears, in an amount equal to Three Percent (3.0%) of Gross Collections for such month. The Management Fee shall not be subject to off-sets or charges unless agreed upon by the parties in writing. Pass-Through Amounts shall be paid monthly by Owner in arrears. In addition, Owner will pay Manager an incentive fee as set forth on Exhibit C. Alternatively, if Owner contracts or Manager subcontracts with a third-party property manager pursuant to Section 3.15 hereof, Owner agrees to pay to Manager an oversight fee (the “Oversight Fee”), payable monthly in arrears, in an amount equal to one percent (1.0%) of Gross Collections for such month. In no event will Owner pay Manager both a Management Fee and an Oversight Fee with respect to a Property.

Fees Paid to Manager. Commencing on the date hereof, Owner shall pay to Manager a fee (the “Management Fee”), payable monthly in arrears, in an amount equal to Three Two and One-Half Percent (3.02.5%) of Gross Collections for such month. The Management Fee shall not be subject to off-sets or charges unless agreed upon by the parties in writing. Pass-Through Amounts shall be paid monthly by Owner in arrears. In addition, Owner will pay Manager an incentive fee as set forth on Exhibit C. Alternatively, if Owner contracts or Manager subcontracts with a third-party property manager pursuant to Section 3.15 hereof, Owner agrees to pay to Manager an oversight fee (the “Oversight Fee”), payable monthly in arrears, in an amount equal to one percent (1.0%) of Gross Collections for such month. In no event will Owner pay Manager both a Management Fee and an Oversight Fee with respect to a Property.

Fees Paid to Manager. Commencing on the date hereof, Owner shall pay to Manager a fee (the “Management Fee”), payable monthly in arrears, in an amount equal to Three Percent (3.03%) of Gross Collections for such month. The Management Fee shall not be subject to off-sets or charges unless agreed upon by the parties in writing. Pass-Through Amounts shall be paid monthly by Owner in arrears. In addition, Owner will pay Manager an incentive fee as set forth on Exhibit C. Alternatively, if Owner contracts or Manager subcontracts with a third-party property manager pursuant to Section 3.15 hereof, Owner agrees to pay to Manager an oversight fee (the “Oversight Fee”), payable monthly in arrears, in an amount equal to one percent (1.0%) of Gross Collections for such month. In no event will Owner pay Manager both a Management Fee and an Oversight Fee with respect to a Property.

Fees Paid to Manager. Commencing on the date hereof, Owner shall pay to Manager a fee (the “Management Fee”), payable monthly in arrears, in an amount equal to Three Percent three percent (3.0%) of Gross Collections for such month. The Management Fee shall not be subject to off-sets or charges unless agreed upon by the parties in writing. Pass-Through Amounts shall be paid monthly by Owner in arrears. In addition, Owner will pay Manager an incentive fee as set forth on Exhibit C. Alternatively, if Owner contracts or Manager subcontracts with a third-party property manager pursuant to Section 3.15 hereof, Owner agrees to pay to Manager an oversight fee (the “Oversight Fee”), payable monthly in arrears, in an amount equal to one percent (1.0%) of Gross Collections for such month. In no event will Owner pay Manager both a Management Fee and an Oversight Fee with respect to a Property.

Fees Paid to Manager. Commencing on the date hereof, Owner shall pay to Manager a fee (the “Management Fee”), payable monthly in arrears, in an amount equal to Three Percent three percent (3.03%) of Gross Collections for such month. The Management Fee shall not be subject to off-sets or charges unless agreed upon by the parties in writing. Pass-Through Amounts shall be paid monthly by Owner in arrears. In addition, Owner will pay Manager an incentive fee as set forth on Exhibit C. Alternatively, if Owner contracts or Manager subcontracts with a third-party property manager pursuant to Section 3.15 hereof, Owner agrees to pay to Manager an oversight fee (the “Oversight Fee”), payable monthly in arrears, in an amount equal to one percent (1.0%) of Gross Collections for such month. In no event will Owner pay Manager both a Management Fee and an Oversight Fee with respect to a Property.