Management Fees, Expenses, etc. No Loan Party or Subsidiary of any Loan Party will:
(a) pay management, advisory, consulting, director or other similar fees, other than:
(i) fees payable to the Administrative Agent, the Lenders or any of their Affiliates;
(ii) fees payable to non-Affiliate consultants engaged on arm’s-length basis as approved by the board of directors, partners, or members of the applicable Loan Party or Subsidiary; or
(iii) director fees and reimbursement of out-of-pocket expenses incurred in connection with attending the board of director, partnership, or member meetings, in an aggregate amount not to exceed $600,000 in any Fiscal Year.
(b) reimburse employees or any Affiliates for any expenses unless the same is incurred in the ordinary course of business of such Loan Party or Subsidiary of any Loan Party and is reasonable.
Management Fees, Expenses, etc. The Loan Parties will not, or will not permit any of their respective Subsidiaries, to pay management, advisory, consulting, director or other similar fees, other than:
(i) fees payable to Agent, Lenders or any of their Affiliates as in effect on the date hereof;
(ii) fees payable to non-Affiliates engaged on an arm’s-length basis; or
(iii) director fees and reimbursement of out-of-pocket expenses.
Management Fees, Expenses, etc. Borrower will not pay management, advisory, consulting, director or other similar fees to Agent, Lenders or any of their Affiliates as in effect on the date hereof, other than fees payable to Pinedale GP under the Partnership Agreement in a maximum amount of $50,000 per year.
Management Fees, Expenses, etc. Neither of the Borrowers nor any other Loan Party will:
Management Fees, Expenses, etc. The Borrowers will not, and will not permit any of their Subsidiaries to,
(a) pay management, advisory, consulting or other similar fees, other than
(i) fees payable to the Lenders or any of their Affiliates;
(ii) fees payable to non-Affiliate consultants engaged on arm's-length basis as approved by the Board of Directors of USAM; and
(iii) fees payable to Ramko Venture Management, Inc. pursuant to the Management Agreement in existence on the date hereof and any successor agreement that is reasonably acceptable to the Agent; or
(b) reimburse employees or any Affiliates for any expenses unless the same shall be otherwise permitted hereunder and shall be reasonable and documented in reasonable detail.
Management Fees, Expenses, etc. The Borrower will not:
(a) pay management, advisory, consulting or other similar fees, other than
(i) fees payable to the Lender or any of its Affiliates;
(ii) fees payable to non-Affiliate consultants engaged on arm's-length basis as approved by the Board of Directors of the Borrower; and
(iii) fees payable pursuant to agreements in effect on the Effective Date and disclosed in the schedules to the Purchase Agreement.
(b) reimburse employees or any Affiliates for any expenses unless the same shall be incurred in the ordinary course of business and be reasonable.
Management Fees, Expenses, etc. The Borrower will not, and will not permit any of its Wholly-Owned Subsidiaries to,
(a) pay management, advisory, consulting or other similar fees, other than
(i) fees payable to the Lenders or any of their Affiliates; and
(ii) fees payable to non-Affiliate consultants engaged on arm's-length basis as approved by the President of the Borrower; or
(b) reimburse employees or any Affiliates for any expenses unless the same shall be otherwise permitted hereunder and shall be reasonable and documented in reasonable detail.
Management Fees, Expenses, etc. The Company will not pay management, advisory, consulting, director or other similar fees to the Collateral Agent or any Purchaser or any of their respective Affiliates as in effect on the date hereof, other than fees payable to Pinedale GP under the Partnership Agreement in a maximum amount of $50,000 per year.
Management Fees, Expenses, etc. No Borrower will, or will permit any other Loan Party to:
(a) pay management, advisory, consulting, director or other similar fees, other than:
(i) fees payable (A) to the Administrative Agent, the Lenders or any of their Affiliates and (B) pursuant to the Subordinated Debt Documents (as disclosed to the Lenders prior to the Funding Date) as in effect on the date hereof;
(ii) fees payable to non-Affiliate consultants engaged on arm’s-length basis as approved by the Board of Directors of the applicable Borrower or any other Loan Party;
(iii) director fees and reimbursement of out-of-pocket expenses incurred in connection with attending Board of Director meetings, in an aggregate amount not to exceed $150,000 in any Fiscal Year; or
(iv) the Wxxxx Asset Management Fees.
(b) reimburse employees or any Affiliates for any expenses unless the same is incurred in the ordinary course of business of the Borrowers and each other Loan Party and is reasonable.
Management Fees, Expenses, etc. The Borrowers will not pay management, advisory, consulting, director or other similar fees, other than:
1. fees payable to Agent, Lenders or any of their Affiliates as in effect on the date hereof;
2. fees payable to non-Affiliates engaged on an arm’s-length basis;
3. director fees and reimbursement of out-of-pocket expenses; or
4. fees payable to any Loan Party in the ordinary course of business so long as contemplated in the Budgets provided pursuant to §7.4(i) and so long as the amount of any such fee is comparable to the fee that would be charged for similar services by a non-affiliated third party.