Management Fees and Expenses. As compensation for the services rendered by Manager under this agreement, Owner shall pay Manager as follows:
Management Fees and Expenses. SECTION 9.1. In consideration of the Manager providing the Services to the Subsidiaries, the Parent shall pay the Manager the following fees (together, the “Management Fees” and, on a per Vessel basis, the “Management Fee”):
Management Fees and Expenses. Section 1.1 In consideration of the Manager providing the Services to the Group, during the current Term (which shall begin on April 1, 2022), the Parent shall pay the Manager ship management fees comprised of: (a) variable fees on the basis of the number of days that the Parent (or any Subsidiary) owns or charters in each such Vessel during the applicable month; (b) variable fees on a per day per Vessel basis for vessels chartered-out to a third party on a bareboat charter; (c) variable fees on the basis of a percentage calculated on the aggregate gross freight, demurrage, charter hire and ballast bonus obtained for the employment of each Vessel; (d) commissions for the purchase or sale of vessels; (e) a supervision fee for the construction of newbuilds; and (f) a flat fee on an annual basis (the “Annual Fee”) (together, the “Management Fees” and, on a per Vessel basis, the “Management Fee”), in each case, as set forth on Schedule E.
Management Fees and Expenses. Onward! shall be entitled to pay or reimburse itself for all reasonable expenses incurred by Onward! in managing the Fund, and shall be entitled to charge the Fund a general management fee to cover a portion of Onward! general operating expenses. The general management fee shall be consistent with Onward!’s normal practices of allocating costs of management among its various funds. Pursuant to the Declaration this fee shall be 1% of the Fund balance per year (minimum monthly fee of $10), or the rate charged to other similarly situated Funds according to a management fee schedule approved by Onward!.
Management Fees and Expenses. (a) In consideration for the performance of the Management Services, the Recipient hereby agrees upon an invoice issued to the Recipient to pay (or to procure that one or more of the Beneficiary Affiliates shall pay) fees calculated as follows:
Management Fees and Expenses. (a) The Parties acknowledge and agree as good and valuable compensation for the Provider providing the Management Services, the Company shall pay to the Provider a “Management Fee” equal to one hundred percent (100%) of the Company’s total revenues, minus the Company’s total expenses (including, for this purpose, all taxes assessed against the Company in connection with the Company’s operations and reasonable reserves for taxes and other liabilities as reasonably determined by the Provider and the Company, but excluding the Management Fee), for the applicable time period. The Management Fee shall be paid in arrears, within thirty (30) days of the end of each calendar month, and shall be accompanied by invoices, payment records or other documentation reasonably acceptable to Provider regarding any direct expenses deducted from the Management Fee.
Management Fees and Expenses. SECTION 9.1 In consideration of the Manager providing the Services to the Group, during the current Subsequent Term (which began on May 29, 2015 and ends on May 28, 2016, the Parent shall pay the Manager the following fees (together, the “Management Fees” and, on a per Vessel basis, the “Management Fee”):
Management Fees and Expenses. Following the Effective Date, the Owner shall pay to the Administrator the following fees for the Administrative Services and pay or reimburse the following expenses:
Management Fees and Expenses. The Client shall pay the Service Provider for its services as Service Provider under this Agreement (including clause 4) an annual (or pro-rata for any part of the year) management fee of USD 50,000.--, for each vessel indirectly owned by the Client (that is owned by the Client through a wholly owned subsidiary of the Client). This fee shall be payable by equal quarterly installments in advance, the first installment being payable on the Effective Date and subsequent installments being payable every quarter. The Client shall reimburse the Service Provider for all travelling and subsistence expenses that the Service Provider incurs in the provision of the Staff Services. Economy class airfares shall apply for less than 6 hour trips, while for longer trips Business Class fares will be acceptable. All such expenses shall be in accordance with a budget approved by the Client and when invoiced to the Client will be accompanied by copies of the relevant supporting vouchers or invoices. If additional services (other than the Services under clause 4 ) are to be provided, the Client and the Service Provider shall agree the fee/commission and method of payment thereof in respect of such additional services prior to the Service Provider confirming its agreement to undertake such additional services. The Service Provider shall not incur any obligation in excess of the amount budgeted in the annual budget without the approval of the Client. Notwithstanding anything in this Agreement to the contrary, and apart from standard increase in fees due to inflation index ( based upon appropriate European Union consumer price index reasonably acceptable to the Parties), the fees payable by the Client under this Agreement shall not increase for the five year period beginning on the Commencement Date. The provisions of this clause shall survive the termination of this Agreement or its renewal. All rights of the Client under this Agreement shall be exercised solely by the Board of Directors of the Client (“Board of Directors”) subject to the by-laws of the Client, and all instructions, directions, waivers, approvals, specifications or other actions permitted or required to be taken under this Agreement by the Client, including (without limitation) any express limitations imposed on the authority of the Client, shall be taken by the Board of Directors. The Service Provider shall not give a preference to other vessels it is managing under arrangements with persons other than the Clie...
Management Fees and Expenses. (a) The Parties acknowledge and agree as good and valuable compensation for the Provider providing the Management Services, the Company shall pay to the Provider a “Management Fee” equal to one hundred percent (100%) of the Company’s total revenues, minus the Company’s total expenses (including, for this purpose, all federal, local and state taxes assessed against the Company or any Tax Liability (defined below) of a Company Member in connection with the Company’s operations, but excluding the Management Fee) owed by the Company or any Company Member as a result of the Company’s activities, for the applicable time period. The “Tax Liability” as to any Company Member and any fiscal period of the Company shall be an amount of taxable income of the Company allocated to such Company Member for federal income tax purposes with respect to such fiscal period, multiplied by the highest combined marginal federal, state and local income tax rates for such Company Member on each type of income and gain included in such income; provided, however, that the Tax Liability for any fiscal period in which such Company Member was allocated net loss for federal income tax purposes shall be deemed equal to zero. The Management Fee shall be paid in arrears, within thirty (30) days of the end of each calendar month, and shall be accompanied by invoices, payment records or other documentation reasonably acceptable to Provider regarding any direct expenses deducted from the Management Fee.
