Management Services Fees Clause Samples

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. (i) In consideration for providing the Management Services, ChronoScale shall pay, or cause one or more of its subsidiaries to pay on a quarterly basis in arrears within thirty (30) days following the end of each calendar quarter, to APLD Parent, an amount equal to one percent (1%) of the ChronoScale Group’s gross revenue for the applicable calendar quarter, calculated in accordance with GAAP (the “Management Services Fees”). (ii) Within thirty (30) days following the completion of the ChronoScale Group’s annual audit, the APLD Parent and ChronoScale shall perform a true-up of the Management Services Fees for such year by recalculating and comparing the aggregate Management Services Fees actually paid for each quarter of such calendar year against the amount that would have been payable for such quarters based on actual annual gross revenues (calculated in accordance with GAAP). If the aggregate Management Services Fees previously paid for such calendar year exceed such recalculated amount, the ChronoScale Group shall be entitled to a refund of, or a credit against future Management Services Fees in the amount of, such excess, as determined by APLD Parent, which refund shall be paid within thirty (30) days following the completion of such recalculation or which credit shall be applied dollar-for-dollar against the following payment of the Management Services Fees, as applicable. If the aggregate Management Services Fees previously paid for such calendar year are less than the amount so recalculated, the ChronoScale Group shall pay the amount of such shortfall to APLD Parent within thirty (30) days following the completion of such recalculation. (iii) Notwithstanding the foregoing, APLD Parent may, in its sole and absolute discretion, waive all or any portion of the Management Services Fees from time to time with respect to any specified period. Any such waiver shall apply only to the period expressly specified therein and shall not constitute a waiver of APLD Parent’s right to receive the full Management Services Fees for any prior or subsequent period, nor shall it be construed as a course of dealing or modification of this Agreement with respect to any future period. (iv) In the event this Agreement expires or is terminated for any reason in accordance with Section 6, the Management Services Fees for the calendar quarter in which such expiration or termination occurs shall be prorated based on the ChronoScale Group’s actual gross revenues, determined in ...

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 "Frie▇▇▇▇ ▇▇▇agement 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. 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 ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Throughout the term of this Agreement, the Director shall notify Contractor, in writing, of any disputed billing items.

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 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. 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 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.