Management Fee Expenses Clause Samples

Management Fee Expenses. (a) Neither the Manager nor the Special Purpose Manager shall receive any management or other fee or salary for services rendered to the Company, or reimbursement of any costs and expenses incurred in connection therewith, except as permitted pursuant to Section 1.9 (c) or as provided in Section 5.5(b). (b) The Manager and the Special Purpose Manager shall each be entitled to current reimbursement out of Company assets for all reasonable costs and expenses incurred by it when acting for or on behalf of the Company and in accordance with the terms of this Agreement specifically including, but not limited to, all salaries and related expenses of its employees performing authorized services for the Company. The Manager shall be entitled to an annual fee in the amount of $100,000, payable quarterly in advance, for accounting and administrative services.

Management Fee Expenses. (a) In return for the provision of the Services and for the other actions of the Manager hereunder, the Company shall pay the Manager an annual management fee equal to 1% of the outstanding aggregate principal balances of the Notes (“Management Fee”). The Management Fee will be paid in arrears on the last day of each calendar quarter and will be calculated on the average daily outstanding principal balances of the Notes during the applicable quarter. (b) The Company will pay all expenses related to the operation of the Company, other than the costs of the personnel of the Manager. These costs will be paid by the Company and include the fees and expenses related to any securities offering of the Company, office rent and fees, office common area maintenance charges, phone, fax, and internet access, computer hardware and related supplies, general office supplies, office rental of fax, printers, or scanners and maintenance costs related thereto, consulting, legal, accounting, and professional fees, marketing and travel expenses and any business licenses and registrations required of the Company or the Manager as a result of its management of the Company. The Manager may elect to pay any of these Company expenses, in which event the Company will reimburse the Manager for those out-of-pocket costs. (c) The Manager may charge the Company or any of its subsidiaries an acquisition fee to cover the costs of due diligence and underwriting involved in closing a real estate purchase, as well as a disposition fee to cover the costs of closing a real estate sale. The acquisition fee will be non-refundable. (d) If the Manager, or an Affiliate of the Manager or the Company, guarantees, whether personally or otherwise, a loan, bond or other obligation of the Company or any of its subsidiaries, such guarantor will be entitled to receive from the benefiting entity an annual fee equal to 1% of the total amount of the credit facility, bond amount, or other obligation subject to the guarantee.

Management Fee Expenses. (a) In return for the provision of the Services and for the other actions of the Manager hereunder, the Company shall pay the Manager an annual management fee equal to a percentage of the outstanding aggregate principal balances of the Notes (“Management Fee”). As of the date of this Agreement the Management Fee is (i) 1.30% of the outstanding aggregate principal balance of the Variable Denomination Floating Rate Demand Notes and (ii) 1.00% of the outstanding aggregate principal balance of the Secured Demand Notes offered in that certain Private Placement Memorandum of the Company dated October 1, 2018. The Management Fee will be paid in arrears on the last day of each calendar quarter and will be calculated on the average daily outstanding principal balances of the Notes and Private Placement Notes during the applicable quarter. (b) Prior to January 1, 2020, certain expenses of the Company’s affiliated entities were allocated to the Company. These allocations were based on several factors including size of notes payable, number of individual investors, and term of operations with an allocation period. Effective January 1, 2020, management decided to increase the Management Fee from 1.00% to 1.30% of outstanding aggregate principal balances of the Variable Denomination Floating Rate Demand Notes in lieu of allocating expenses from affiliated entities to the Company. Therefore, when the Company issues the Notes on or after January 1, 2020, the management fee paid by the Company shall be (i) 1.30% of outstanding aggregate principal balances of the Variable Denomination Floating Rate Demand Notes and (ii) 1.00% of the outstanding aggregate principal balance of the Secured Demand Notes offered in that certain Private Placement Memorandum of the Company dated October 1, 2018. The Manager or an Affiliate of the Manager may elect to pay any of these Company expenses, in which event the Company will reimburse such entity for those out-of-pocket costs. Additionally, in the event any personnel of the Manager or any of its Affiliates perform any professional service for the Company, the Company shall pay the Manager or its Affiliate for such services at rates that are no higher than is standard in the market. (c) The Manager may charge the Company or any of its subsidiaries an acquisition fee to cover the costs of due diligence and underwriting involved in closing a real estate purchase, as well as a disposition fee to cover the costs of closing a real estate sale. S...

Management Fee Expenses. Section 7.1 Management Fee

Management Fee Expenses. (a) Milford Wind will pay the Manager an annual management fee (the “Management Fee”) initially equal to $150,000 per calendar year, payable in equal monthly installments on the 1st day of each month and prorated for the number of months remaining in 2009. Commencing with 2010, the Management Fee shall be adjusted annually on January 1 of each year of the Term to reflect changes in the Consumer Price Index. (b) No additional fees for the performance of the Services will be charged to any Holding Company in addition to the Management Fee. If the Manager, at the request of the managing member of Milford Wind, performs services not contemplated by this Agreement, the fee for such additional services shall be such amounts payable at such times as the Manager and the managing member of Milford Wind shall agree. It is understood that all out-of-pocket expenses incurred in the administration and operation of any Holding Company are solely for the account of such Holding Company, and may be disbursed by the Manager from such Holding Company’s funds. The Manager shall be reimbursed for all reasonable other expenses that the Manager incurs in connection with performance of its obligations under this Agreement (not including any cost of retaining Service Providers to perform Services).

Management Fee Expenses. (a) In consideration for the provision by RIM of its services hereunder, the Fund will pay RIM a fee payable quarterly, equal to 0.025% (0.10% on an annualized basis) of the Fund's "net assets" (the "Management Fee"). "Net assets" shall equal the total value of all assets of the Fund, less an amount equal to all accrued debts, liabilities, and obligations of the Fund calculated before giving effect to any repurchases of interests. However, so long as substantially all of the Fund's assets are invested in a registered investment company also advised by RIM that has the same investment objective and substantially the same investment policies as the Fund, the Fund will not be subject to the Management Fee.

Management Fee Expenses. 01Management Fee. The Partnership will pay to the General Partner each Fiscal Quarter with respect to each Fiscal Year an amount equal to the sum of the following (the “Management Fee”): (i) one quarter of an annual management fee of two percent (2.00%) of the Audited Book Value available for such Fiscal Quarter; provided, however, that promptly after a final determination of a new Audited Book Value (the “Adjusted Book Value” and the date on which such Adjusted Book Value was determined is referred to herein as the “Adjusted Book Value Date”), which shall be conducted no later than the date on which the Partnership’s financial statements with respect to the current Fiscal Year must be publicly filed pursuant to the rules and regulations of the Commission, the Partnership will pay the General Partner or the General Partner will credit the Partnership, as the case may be, an amount, if any, representing any adjustment necessary to reflect the actual amount of aggregate Management Fees that would have been paid to the General Partner in the current Fiscal Year with respect to the Fiscal Quarter(s) occurring prior to the Adjusted Book Value Date had such Management Fees been calculated using the Adjusted Book Value, and (ii) one-half percent (0.50%) of any Capital Contributions actually received by the Partnership between the beginning of the current Fiscal Year and the beginning of the current Fiscal Quarter, and the fee payable to the General Partner pursuant to this clause (ii) shall continue until the end of the current Fiscal Year. For the avoidance of doubt, the Management Fee payable to the General Partner pursuant to the foregoing clauses (i) and (ii) shall apply to each Fiscal Year during the Term. The Management Fee will be paid quarterly in advance on the first Business Day of each Fiscal Quarter. The Management Fee will not be pro rated for any period less than a Fiscal Quarter.

Management Fee Expenses. (a) The Company shall pay to the Investment Manager, as compensation for its performance of the Investment Management Services and the Administrative Services an annual fee equal to three percent (3%) of the book value of the Investments averaged on an annual basis. The Management fee shall be paid in two semi-annual payments of $375,000 payable on January 8 and July 8 of each calendar year; provided, however, that the Management Fee shall be pro-rated for any partial period. At the end of each calendar year, the actual Management Fee shall be calculated and a payment shall be made by the Investment Manager to the Company for any overpayment of Management Fees or by the Company to the Investment Manager for any underpayment of Management Fees. Such payment shall be due and payable on January 8 of each calendar year. (b) Except for expenses to be paid by the Investment Manager pursuant to Section 4.3(c), the Company shall pay all expenses incurred in connection with the operation of the Company, including without limitation, Management Fees, Transaction Expenses with respect to each Investment evaluated or acquired by the Company, indemnification expenses of the Company pursuant to Section 4.8 and legal and accounting expenses of the Company. (c) The Investment Manager shall pay, and the Company will not be obligated to pay, the Investment Manager's administrative costs related to providing the Investment Management Services and the Administrative Expenses, including: salaries and fringe benefits of professional, administrative, clerical, bookkeeping, secretarial and other personnel of the Investment Manager; rent, office equipment, fire and theft insurance, heat, light, cleaning, power, water and other utilities of any office space maintained by the Investment Manager on its own behalf or on behalf of the Company; stationery, postage, office supplies for the Investment Manager and the Company; secretarial services; travel and entertainment; telephone (local and long distance); publications and subscriptions; data processing; printing, publishing and distributing financial reports; and any other overhead type expenses; provided, however, the Company shall reimburse the Investment Manager and its Affiliates for the reasonable costs of providing tax and accounting services to the Company, including maintaining financial books and records, calculating the value of Company Assets and preparing tax returns.

Management Fee Expenses. Unless approved by a Majority Interest of the Limited Partners, the General Partner shall not be entitled to any compensation from the Partnership for its services to the Partnership; provided, that the General Partner shall be entitled to be reimbursed by the Partnership for its direct out-of-pocket costs and expenses, and an allocable share of its overhead and other indirect costs and expenses, incurred in connection with the management and conduct of the Partnership’s business and affairs.