Management Fees. In consideration of services to be performed during the Term, Manager shall be paid the sum of the following as its management fees: A. the Base Management Fee, which shall be retained by Manager from Gross Revenues except as otherwise provided in this Agreement; plus B. the Incentive Management Fee but only to the extent of available Operating Profit after payment of Owner’s Priority as provided in Section 3.02 below.
Appears in 9 contracts
Samples: Management Agreement (Apple REIT Ten, Inc.), Management Agreement (Apple REIT Ten, Inc.), Management Agreement (Apple REIT Eight, Inc.)
Management Fees. In consideration of services to be performed during the Term, Manager shall be paid the sum of the following as its management fees:
A. the Base Management Fee, which shall be retained by Manager from Gross Revenues except as otherwise provided in this Agreement; plus
B. the Incentive Management Fee but only to the extent of available Operating Profit after payment of Owner’s Priority (including, without limitation, all accrued and unpaid Owner’s Priority) as provided in Section 3.02 below.
Appears in 7 contracts
Samples: Management Agreement (Apple REIT Ten, Inc.), Management Agreement (Apple REIT Nine, Inc.), Management Agreement (Apple REIT Nine, Inc.)
Management Fees. In consideration of services to be performed during the Term, Manager shall be paid the sum of the following as its management fees:
A. the Base Management Fee, which shall be retained by Manager from Gross Revenues except as otherwise provided in this AgreementRevenues; plus
B. the Incentive Management Fee but only to the extent of available Operating Profit after payment of Owner’s Priority as provided in Section 3.02 belowFee.
Appears in 7 contracts
Samples: Management Agreement (Apple Reit Six Inc), Management Agreement (Apple Reit Six Inc), Management Agreement (Apple Hospitality Five Inc)
Management Fees. In consideration of services to be performed during the Term, Manager shall be paid the sum of the following as its management fees:
A. the Base Management Fee, which shall be retained by Manager from Gross Revenues except as otherwise provided in this AgreementRevenues; plus
B. the Incentive Management Fee but only to the extent of available Operating Profit after payment of Owner’s Priority (including, without limitation, all accrued and unpaid Owner’s Priority) as provided in Section 3.02 below.
Appears in 2 contracts
Samples: Purchase Contract (Apple REIT Ten, Inc.), Management Agreement (Apple REIT Ten, Inc.)
Management Fees. In consideration of services to be performed during the Term, Manager shall be paid the sum of the following as its management fees:
A. the The Base Management Fee, which shall be retained by Manager from Gross Revenues except as otherwise provided in this Agreement; plusRevenues;
B. the The Short-Term Incentive Management Fee but only to the extent of available Fee, which shall be retained by Manager from Operating Profit after payment of Owner’s Priority as provided in Section accordance with Sections 3.02 belowand 4.01.
Appears in 2 contracts
Samples: Management Agreement (Crescent Operating Inc), Management Agreement (Crescent Operating Inc)
Management Fees. In consideration of services to be performed during the Term, Manager shall be paid the sum of the following as its management fees:
A. the Base Management Fee, which shall be retained by Manager from Gross Revenues except as otherwise provided in this AgreementRevenues; plus
B. the Incentive Management Fee but only to the extent of available Fee, which shall be retained by Manager from Operating Profit after payment of Owner’s Priority as provided in accordance with Section 3.02 belowand Section 4.01.
Appears in 1 contract
Management Fees. In consideration of services to be performed during the Term, Manager shall be paid the sum of the following as its management fees:
A. the Base Management Fee, which shall be retained by Manager from Gross Revenues except as otherwise provided in this AgreementRevenues; plus
B. the Incentive Management Fee but only to the extent of available Fee, which shall be retained by Manager from Operating Profit after payment of Owner’s Priority as provided in accordance with Sections 3.02 and 4.01 hereof; plus
C. the System Services Fee set forth in Section 3.02 below1.03 hereof; plus
D. the Accounting Fee set forth in Section 1.07 hereof.
Appears in 1 contract
Management Fees. In consideration of services to be performed during the Term, Manager shall be paid the sum of the following as its management fees:
A. the The Base Management Fee, which shall be retained by Manager from Gross Revenues except as otherwise provided in this Agreement; plusReceipts;
B. the The Short-Term Incentive Management Fee but only to the extent of available Fee, which shall be retained by Manager from Operating Profit after payment of Owner’s Priority as provided in Section accordance with Sections 3.02 belowand 4.01.
Appears in 1 contract
Management Fees. In consideration of services to be performed during the Term, The Manager shall be paid the sum of the following as its management fees:
A. paid, in accordance with Section 5.02 below, (i) the Base Management Fee, which shall be retained by the Manager from the Gross Revenues except as otherwise provided Revenues; and (ii) the Incentive Management Fee, which shall be retained by the Manager from the Operating Profit in accordance with Sections 5.02 and 7.01 below; in each case, subject to the Owner=s audit and review and all other rights and remedies contained in this Agreement; plus
B. the Incentive Management Fee but only to the extent of available Operating Profit after payment of Owner’s Priority as provided in Section 3.02 below.
Appears in 1 contract
Management Fees. In consideration of services to be performed during the Term, Manager shall be paid the sum of the following as its management fees:
A. the Base Management Fee, which shall be retained by Manager from Gross Revenues except as otherwise provided in this Agreement; plus
B. the Incentive Management Fee but only to the extent of available Operating Profit after payment of Owner’s Priority as provided in Section 3.02 below.
Appears in 1 contract