Management Services Fees. As set forth in this Agreement, certain Services to be provided by Manager are deemed to be Management Services. As full compensation for all of the Management Services rendered by Manager under this Agreement, Licensee agrees to pay to Manager a management fee (the "MANAGEMENT Fee"), equal to $100,000 per month, pro rated for any portion thereof.
Management Services Fees. 4.1 In consideration of the management services to be provided by Intek to the Corporation and BSIG hereunder, Intek shall be entitled to receive one million (1,000,000) Brookline Common Shares (the "Brookline Management Contract Common Shares"). Subject to section 4.2, two hundred and fifty thousand (250,000) Brookline Management Contract Common Shares shall be issued to Intek on each of the following dates:
(a) the Closing Date;
(b) the date which is three (3) months after the Closing Date;
(c) the date which is six (6) months after the Closing Date; and
(d) the date which is nine (9) months after the Closing Date.
4.2 If Brookline, at any time during which any Brookline Management Contract Common Shares remain unissued, shall take any of the actions contemplated by the provisions of section 2.7 of the Share Purchase Agreement, then the procedure set out in that section shall be followed and the appropriate equitable and proportionate adjustment determined pursuant to the provisions of section 2.7, if any, shall be made to the number of unissued Brookline Management Contract Common Shares.
4.3 Intek agrees that, without the prior written consent of the Corporation, it will not sell, assign or otherwise transfer any of the Brookline Management Contract Common Shares for a period of three (3) years from the Closing Date, except that this restriction shall not apply to the following transactions in such shares:
(a) pledges to secure bona fide debts or other obligations; or
(b) sales or transfers to Affiliates of Intek who agree to be bound by the provisions of this section 4.3.
Management Services Fees. Hefei OCT Industry and OCT Property (Hefei) will enter into separate individual agreement(s) setting out specific terms for the Services, including the payment arrangement of the Management Services Fees. The Management Services Fees will be agreed after arm’s length negotiations between the parties and will be determined with reference to, among others, (i) the areas under management; and
Management Services Fees. In consideration of the Manager providing the Management Services and the Supervisory Services, the Company shall pay the Manager the following fees:
(a) an monthly administrative services fee, payable monthly in arrears as per the following table: For the period beginning the date of Closing and ending June 30, 2009 $25,000 per month For the twelve months ending June 30, 2010 $50,000 per month For the twelve months ending June 30, 2011 $75,000 per month (the “Administrative Services Fee”);
(b) a management fee of $3,500 per day per each New Vessel and for each Option Vessel for providing the commercial, chartering and administrative services, payable monthly in arrears (the “Management Services Fee”);
(c) a commission fee equal to 1.25% calculated on the gross freight, demurrage, charter hire, profit share and ballast bonus obtained for (i) the employment of each Vessel on contracts or charter parties entered into during the term of this Agreement or (ii) the employment of each Option Vessel on contracts or charter parties entered into during, or entered into prior to and existing during, the term of this Agreement, in each case payable to the Manager monthly in arrears, only to the extent such freight, demurrage, charter hire, profit share and ballast bonus, as the case may be, is paid or otherwise collected; and
(d) a commission equal to 1.00% calculated on the price set forth in the memorandum of agreement of any New Vessel bought or sold for or on behalf of any Group Company (including the Option Vessels), payable upon final delivery to such Group Company. The Company hereby expressly authorizes the Manager to pay the Administrative Services Fee, the Management Services Fee and the commissions set forth in Sections 8.1(c) and 8.1(d) from the Company’s bank accounts to the Manager’s bank account when such fees and commissions become due and payable.
Management Services Fees. In consideration of the Manager providing the Management Services and the Supervisory Services, the Company shall pay the Manager the following fees:
(a) a monthly administrative services fee, payable monthly in advance as per the following table: For the period beginning the date of Closing and ending June 30, 2009 $25,000 per month For the twelve months ending June 30, 2010 $50,000 per month For the twelve months ending June 30, 2011 $75,000 per month (the “Administrative Services Fee”);
(b) a management fee of $3,500 per day per each New Vessel and for each Option Vessel for providing the commercial, chartering and administrative services, payable monthly in advance (the “Management Services Fee”);
(c) a commission fee equal to 1.25% calculated on the gross freight, demurrage, charter hire, profit share and ballast bonus obtained for (i) the employment of each Vessel on contracts or charter parties entered into during the term of this Agreement or (ii) the employment of each New Vessel, including each Option Vessel, on contracts or charter parties entered into during, or entered into prior to and existing during, the term of this Agreement, in each case payable to the Manager within 30 days of receipt of such freight, demurrage, charter hire, profit share and ballast bonus and only to the extent that such freight, demurrage, charter hire, profit share and ballast bonus, as the case may be, is paid or otherwise collected; provided, however, that, for the avoidance of doubt, no commission fee shall be payable on any contracts or charter parties entered into prior to the date of this Agreement for the employment of the nine VLCCs which are the subject of the Merger and Sale and Purchase; and
(d) a commission equal to 1.00% calculated on the price set forth in the memorandum of agreement of any New Vessel bought or sold for or on behalf of any Group Company (including the Option Vessels), upon final delivery to such Group Company. The Company hereby expressly authorizes the Manager to pay the Administrative Services Fee, the Management Services Fee and the commissions set forth in Sections 8.1(c) and 8.1(d) from the Company’s bank accounts to the Manager’s bank account when such fees and commissions become due and payable.
Management Services Fees a. Pre-Opening Services Fee. Commencing as of the later to occur of the date of this Agreement or the month which is eight (8) months prior to the projected Opening Date of the respective Facility, Owner shall pay to Manager a fee (the "Pre-Opening Services Fee") in the amount of Fourteen Thousand Dollars ($14,000.00) per month per applicable Facility as compensation for Manager performing the Pre-Opening Services. The Pre-Opening Services Fee shall be paid in full currently each month, but shall not in any event exceed the aggregate sum of One Hundred Forty Thousand Dollars ($140,000.00) per Facility.
Management Services Fees. The Contribution Agreement for FARES shall be amended and restated, among other things, to:
(a) continue to pay the current management services fee payable to First American through December 31, 2009 and modify such management services fee so that commencing with the quarter beginning January 1, 2010, First American will receive a fixed quarterly management services fee of $1,972,000, payable in cash by FARES, for quarterly periods ending on or prior to December 31, 2010; and
(b) continue to pay the current management services fee payable to Experian through December 31, 2009 and modify such management services fee so that commencing with the quarter beginning January 1, 2010, Experian will receive a fixed quarterly management services fee of $493,000, payable in cash by FARES, for quarterly periods ending on or prior to December 31, 2010. If neither the Put Right nor the Call Right has been exercised by December 31, 2010, Experian and First American shall promptly following such date negotiate in good faith to amend the management services fee provisions of the Contribution Agreement to determine the formula or method by which management services fee payments will be made by FARES.
Management Services Fees. The compensation set forth in this Section 10.2 is being paid to TCMI as fair and reasonable consideration of the substantial commitment made and services to be rendered by TCMI hereunder. TCMI shall be paid monthly the following amounts (collectively "Management Fee"):
10.2.1 An amount reflecting all Cost of Services (defined below) incurred by TCMI, in connection with CORPORATION’S practice; and
10.2.2 During each year of this Agreement, a Management Fee in an amount equal to Ninety Percent (90%) of the excess of Net Revenues over Cost of Services, payable monthly, subject to the limitations below. “Net Revenues” shall mean Revenues less (i) lease payments and (ii) royalty payments.
Management Services Fees. 4.1. In consideration for the Management Services and the satisfaction of the Management Company’s undertakings as specified in this agreement, the Company shall, throughout the term of management, pay the Management Company a management fee as specified hereinafter, plus statutory VAT, contingent on the receipt of a statutory tax invoice (hereinafter: the "Management Fee"). Should the Company be lawfully required to deduct tax at source under any law, the Company shall deduct the tax as said from any payment of Management Fees, unless the Management Company presents the Company with a written document from the tax authority exempting it from the deduction of tax at source. Should the Management Company request that the Management Fee be deposited in a foreign bank account, this shall be done subject to the Management Company’s providing the Company with any document or certificate of approval required by the Bank of Israel and/or the transferring bank. Should the said documents or certificates fail to be supplied, the transfer of the said Management Fee shall be delayed and the Management Company shall have no claims and/or demands and/or causes of action as a result of the delay.
4.2. The monthly Management Fee – which shall be paid to the Management Company by the Company and/or private subsidiary companies and/or private related companies of the Company, in consideration for and subject to the Management Company’s fulfillment of its undertakings in accordance with this agreement – shall be as specified hereinafter: The sum of US$ 50,000 per month, converted into NIS in accordance with the most recent USD – NIS representative exchange rate published by the Bank of Israel prior to the date of payment, plus statutory VAT. Defrayment of the Management Fee shall be contingent upon the Management Company’s supplying the Company with a tax invoice at the beginning of the month subsequent to the month on account of which the invoice was rendered. Payment shall be made within 7 days of the date of the Company’s approving the invoice.
4.3. In addition to the aforesaid in section 4.1, the Company shall bear all expenses incurred by the Management Company (including the Management Company Employee’s expenses), such as fees due to board and lodging, accommodations, traveling, stays abroad and other similar expenses, provided that:
4.3.1. The expenses incurred resulted directly from the Management Services provided and in relation to these;
4.3.2. The Company approv...
Management Services Fees. Commencing the first day that concession goods are received at the CRDC, County shall pay Management Services Fees to Contractor for completion of the Scope of Work of this Agreement. The Annual Management Services Fee for each year of the Term shall be as set forth on Exhibit D attached hereto and incorporated herein. Said Fee shall be paid monthly, upon demand and in arrears, in an amount equal to one-twelfth (1/12th) of the Annual Management Services Fee then applicable. In the event of any partial month, the monthly payment shall be prorated based on the number of actual days in said month. Compensation under this Agreement shall be limited to the maximum total payment amount set forth on Exhibit D. Contractor shall submit all invoices required under this Agreement to the following address: Sacramento County Department of Airports Airport Accounting 0000 Xxxxxxx Xxxxxxxxx Xxxxxxxxxx, XX 00000-0000 Throughout the term of this Agreement, the Director shall notify Contractor, in writing, of any disputed billing items.
