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 SCL to the Corporation and BSIG hereunder, SCL 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 SCL 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 SCL 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 SCL who agree to be bound by the provisions of this section 4.3.
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. BEL has been under contract to provide services to URGP in the year 2010. During this period the services to URGP were neither compensated in equity or monetarily. The amount owing for that period as at 30 June 2011 is 1.3 million in shares of URGP and thirty thousand (30,000) dollars (USD). In recognition of this and the services provided by BEL, URGP agrees to the following compensation scheme:
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. 6.1.1. For the management services rendered by SCN pursuant to this Agreement with respect to the Medical Practice, SCN shall be entitled to the following: (i) at Closing, GCOA shall pay SCN a Management Services Fee (the "Management Services Fee") equal to One Million One Hundred Eighty-Five Thousand Two Hundred Seventy-One and No/100 Dollars ($1,185,271.00); and (ii) during the term of this Agreement, GCOA shall pay to SCN an additional monthly Management Services Fee equal to One Thousand Six Hundred Ninety-Five and 33/100 Dollars ($1,695.33) (the "Friexxxx Xxxagement Services Fee"). GCOA shall execute a promissory note in the form attached hereto as EXHIBIT 6.1 for the Management Services Fee.
6.1.2. For the management services rendered by SCN pursuant to this Agreement with respect to the Ancillary Services, during the term of this Agreement, SCN shall be entitled to a monthly management fee (the "Ancillary Services Management Fee") equal to seven and one-half percent (7.5%) of Ancillary Services Revenue.
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) 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. In consideration of the management services to be provided by SCL to the Corporation and BSIG hereunder, SCL 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 SCL on each of the following dates:
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.
