Common use of For Management Services Clause in Contracts

For Management Services. Three and One-Half percent (3.5%) of the total monthly gross receipts from the Project. Such compensation shall be payable by the first day of the next succeeding month for the monthly gross receipts for the current month. Payments due Pinnacle for periods of less than a calendar month shall be prorated over the number of days for which compensation is due. A. The term "gross receipts" shall be deemed to include all rents and other income and charges from the normal operation of the Project, including, but not limited to, rents, parking fees, net laundry income, forfeited security deposits, pet deposits, other fees, and other miscellaneous income. Gross receipts shall not be deemed to include interest on reserve accounts, interest on other depository accounts and income arising out of the sale of real property or the settlement of fire or other casualty losses and items of a similar nature.

For Management Services. Three and One-Half percent (3.5%) of the total monthly gross receipts from the Project. Such compensation shall be payable by the first day of during the next succeeding month for the monthly gross receipts for the current month. Payments due Pinnacle for periods of less than a calendar month shall be prorated over the number of days for which compensation is due. A. The term "gross receipts" shall be deemed to include all rents and other income and charges from the normal operation of the Project, including, but not limited to, rents, parking fees, net laundry income, forfeited security deposits, pet deposits, other fees, and other miscellaneous income. Gross receipts shall not be deemed to include interest on reserve accounts, interest on other depository accounts and income arising out of the sale of real property or the settlement of fire or other casualty losses and items of a similar nature.

For Management Services. Three and One-Half percent (3.5%) of the total monthly gross receipts from the Project. Such compensation shall be payable by the first day of the next succeeding month for the monthly gross receipts for the current month. Payments due Pinnacle PINNACLE for periods of less than a calendar month shall be prorated over the number of days for which compensation is due. A. The term "gross receipts" shall be deemed to include all rents and other income and charges from the normal operation of the Project, including, but not limited to, rents, parking fees, net laundry income, forfeited security deposits, pet deposits, other fees, and other miscellaneous income. Gross receipts shall not be deemed to include interest on reserve accounts, interest on other depository accounts and income arising out of the sale of real property or the settlement of fire or other casualty losses and items of a similar nature.