FIRST MONTH AND LAST MONTH. With respect to any First Month or Last Month, in consideration of the Services provided by LTC hereunder, Healthcare shall pay to LTC fees equal to the product of: (i) 25% of (1) the aggregate amount of all wages, salaries and bonuses paid to LTC Employees and (2) the aggregate amount of rent paid by LTC for rental of the Principal Office during the First Month or Last Month, as the case may be; and (ii) the number of days in the First Month or the Last Month, as the case may be, which are included in the Term, divided by the total number of days in the First Month or the Last Month, as the case may be.
Appears in 11 contracts
Samples: Administrative Services Agreement (LTC Healthcare Inc), Administrative Services Agreement (LTC Properties Inc), Distribution Agreement (LTC Healthcare Inc)
