Common use of Manager Compensation Clause in Contracts

Manager Compensation. 9.1. As compensation for its services hereunder, Manager shall be reimbursed its Costs (as defined in Exhibit D attached hereto) and a management fee (the “Management Fee”) in the amount set forth on Exhibit D attached hereto and incorporated herein by reference. 9.2. After deduction of amounts which are reimbursed to Manager and which are retained by Manager as Management Fee compensation, all remaining Gross Revenues shall be remitted to GROUP. From such sums, Manager shall pay, on GROUP’s behalf, the Cost of Medical Services (as defined in Exhibit D attached hereto), such other payments or disbursement which Manager may be authorized or required to make pursuant to this Agreement and such payments or disbursements which GROUP shall direct Manager to make. Should the funds in GROUP’s accounts not be sufficient at any time during the term of this Agreement to make such disbursements and to meet the GROUP’s financial obligations, Manager shall have the right (but not the obligation) to loan to GROUP funds in an amount sufficient to allow GROUP to meet its financial obligations. Such loan shall bear interest at a rate that is at or above fair market value and shall have such other terms as the parties may agree from time to time. Manager shall not lend any funds to GROUP for such purposes without the prior approval of GROUP’s Board of Directors or the officer(s) of GROUP delegated such power of approval by GROUP’s Board of Directors.

Appears in 2 contracts

Samples: Management Services Agreement (Prospect Medical Holdings Inc), Management Services Agreement (Prospect Medical Holdings Inc)

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Manager Compensation. 9.1. As compensation for its services hereunder, Manager shall be reimbursed its Costs (as defined in Exhibit D attached hereto) and paid a management fee (the "Management Fee") in the amount set forth on Exhibit D attached hereto and incorporated herein by reference. 9.2. After deduction of amounts which are reimbursed to by Manager and which are retained by Manager as Management Fee compensation, all remaining Gross Revenues shall be remitted to GROUP. From such sums, Manager shall pay, on GROUP’s 's behalf, the Cost of Medical Services (as defined in Exhibit D attached hereto), ) such other payments or disbursement which Manager may be authorized or required to make pursuant to this Agreement and such payments or disbursements which GROUP shall direct Manager to make. Should the funds in GROUP’s 's accounts not be sufficient at any time during the term of this Agreement to make such disbursements and to meet the GROUP’s 's financial obligations, Manager shall have the right (but not the obligation) to loan to GROUP funds in an amount sufficient to allow GROUP to meet its financial obligations. Such loan shall bear interest at a rate that is at or above fair market value and shall have such other terms as the parties may agree from time to time. Manager shall not lend any funds to GROUP for such purposes without the prior approval of GROUP’s 's Board of Directors or the officer(s) of GROUP delegated such power of approval by GROUP’s 's Board of Directors.

Appears in 2 contracts

Samples: Management Services Agreement (Prospect Medical Holdings Inc), Management Services Agreement (Prospect Medical Holdings Inc)

Manager Compensation. 9.1. As compensation for its services hereunder, Manager shall be reimbursed its Costs (as defined in Exhibit D attached hereto) and paid a management fee (the “Management Fee”) in the amount set forth on Exhibit D attached hereto and incorporated herein by reference. 9.2. After deduction of amounts which are reimbursed to by Manager and which are retained by Manager as Management Fee compensation, all remaining Gross Revenues shall be remitted to GROUP. From such sums, Manager shall pay, on GROUP’s behalf, the Cost of Medical Services (as defined in Exhibit D attached hereto), ) such other payments or disbursement which Manager may be authorized or required to make pursuant to this Agreement and such payments or disbursements which GROUP shall direct Manager to make. Should the funds in GROUP’s accounts not be sufficient at any time during the term of this Agreement to make such disbursements and to meet the GROUP’s financial obligations, Manager shall have the right (but not the obligation) to loan to GROUP funds in an amount sufficient to allow GROUP to meet its financial obligations. Such loan shall bear interest at a rate that is at or above fair market value and shall have such other terms as the parties may agree from time to time. Manager shall not lend any funds to GROUP for such purposes without the prior approval of GROUP’s Board of Directors or the officer(s) of GROUP delegated such power of approval by GROUP’s Board of Directors.

Appears in 1 contract

Samples: Management Services Agreement (Prospect Medical Holdings Inc)

Manager Compensation. 9.1. As compensation for its services hereunder, Manager shall be reimbursed its Costs (as defined in Exhibit D attached hereto) and paid a management fee (the "Management Fee") in the amount set forth on Exhibit D attached hereto and incorporated herein by reference. 9.2. After deduction of amounts which are reimbursed to Manager and which are retained by Manager as Management Fee compensation, all remaining Gross Revenues shall be remitted to GROUP. From such sums, Manager shall pay, on GROUP’s 's behalf, the Cost of Medical Services (as defined in Exhibit D attached hereto), such other payments or disbursement disbursements which Manager may be authorized or required to make pursuant to this Agreement and such payments or disbursements which GROUP shall direct Manager to make. Should the funds in GROUP’s 's accounts not be sufficient at any time during the term of this Agreement to make such disbursements and to meet the GROUP’s 's financial obligations, Manager shall have the right (but not the obligation) to loan to GROUP funds in an amount sufficient to allow GROUP to meet its financial obligations. Such loan shall bear interest at a rate that is at or above fair market value and shall have such other terms as the parties may agree from time to time. Manager shall not lend any funds to GROUP for such purposes without the prior approval of GROUP’s 's Board of Directors or the officer(s) of GROUP delegated such power of approval by GROUP’s 's Board of Directors.

Appears in 1 contract

Samples: Management Services Agreement (Prospect Medical Holdings Inc)

Manager Compensation. 9.1. As compensation for its services hereunder, Manager shall be reimbursed its Costs (as defined in Exhibit D attached hereto) and a management fee (the "Management Fee") in the amount set forth on Exhibit D attached hereto and incorporated herein by reference. 9.2. After deduction of amounts which are reimbursed to Manager and which are retained by Manager as Management Fee compensation, all remaining Gross Revenues shall be remitted to GROUP. From such sums, Manager shall pay, on GROUP’s 's behalf, the Cost of Medical Services (as defined in Exhibit D attached hereto), such other payments or disbursement which Manager may be authorized or required to make pursuant to this Agreement and such payments or disbursements which GROUP shall direct Manager to make. Should the funds in GROUP’s 's accounts not be sufficient at any time during the term of this Agreement to make such disbursements and to meet the GROUP’s 's financial obligations, Manager shall have the right (but not the obligation) to loan to GROUP funds in an amount sufficient to allow GROUP to meet its financial obligations. Such loan shall bear interest at a rate that is at or above fair market value and shall have such other terms as the parties may agree from time to time. Manager shall not lend any funds to GROUP for such purposes without the prior approval of GROUP’s 's Board of Directors or the officer(s) of GROUP delegated such power of approval by GROUP’s 's Board of Directors.

Appears in 1 contract

Samples: Management Services Agreement (Prospect Medical Holdings Inc)

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Manager Compensation. 9.1. As compensation for its services hereunder, Manager shall be reimbursed its Costs (as defined in Exhibit D attached hereto) and paid a management fee (the “Management Fee”) in the amount set forth on Exhibit D attached hereto and incorporated herein by reference. 9.2. After deduction of amounts which are reimbursed to Manager and which are retained by Manager as Management Fee compensation, all remaining Gross Revenues shall be remitted to GROUP. From such sums, Manager shall pay, on GROUP’s behalf, the Cost of Medical Services (as defined in Exhibit D attached hereto), such other payments or disbursement disbursements which Manager may be authorized or required to make pursuant to this Agreement and such payments or disbursements which GROUP shall direct Manager to make. Should the funds in GROUP’s accounts not be sufficient at any time during the term of this Agreement to make such disbursements and to meet the GROUP’s financial obligations, Manager shall have the right (but not the obligation) to loan to GROUP funds in an amount sufficient to allow GROUP to meet its financial obligations. Such loan shall bear interest at a rate that is at or above fair market value and shall have such other terms as the parties may agree from time to time. Manager shall not lend any funds to GROUP for such purposes without the prior approval of GROUP’s Board of Directors or the officer(s) of GROUP delegated such power of approval by GROUP’s Board of Directors.

Appears in 1 contract

Samples: Management Services Agreement (Prospect Medical Holdings Inc)

Manager Compensation. 9.1. As compensation for its services hereunder, Manager shall be reimbursed its Costs (as defined in Exhibit D attached hereto) and paid a management fee (the “Management Fee”) in the amount set forth on Exhibit D attached hereto and incorporated herein by reference. 9.2. After deduction of amounts which are reimbursed to Manager and which are retained by Manager as Management Fee compensation, all remaining Gross Revenues shall be remitted to GROUP. From such sums, Manager shall pay, on GROUP’s behalf, the Cost of Medical Services (as defined in Exhibit D attached hereto), such other payments or disbursement which Manager may be authorized or required to make pursuant to this Agreement and such payments or disbursements which GROUP shall direct Manager to make. Should the funds in GROUP’s accounts not be sufficient at any time during the term of this Agreement to make such disbursements and to meet the GROUP’s financial obligations, Manager shall have the right (but not the obligation) to loan to GROUP funds in an amount sufficient to allow GROUP to meet its financial obligations. Such loan shall bear interest at a rate that is at or above fair market value and shall have such other terms as the parties may agree from time to time. Manager shall not lend any funds to GROUP for such purposes without the prior approval of GROUP’s Board of Directors or the officer(s) of GROUP delegated such power of approval by GROUP’s Board of Directors.

Appears in 1 contract

Samples: Management Services Agreement (Prospect Medical Holdings Inc)

Manager Compensation. 9.1. As compensation for its services hereunder, Manager shall be reimbursed its Costs (as defined in Exhibit D attached hereto) and paid a management fee (the "Management Fee") in the amount set forth on Exhibit D attached hereto and incorporated herein by reference. 9.2. After deduction of amounts which are reimbursed to Manager and which are retained by Manager as Management Fee compensation, all remaining Gross Revenues shall be remitted to GROUP. From such sums, Manager shall pay, on GROUP’s 's behalf, the Cost of Medical Services (as defined in Exhibit D attached hereto), such other payments or disbursement which Manager may be authorized or required to make pursuant to this Agreement and such payments or disbursements which GROUP shall direct Manager to make. Should the funds in GROUP’s 's accounts not be sufficient at any time during the term of this Agreement to make such disbursements and to meet the GROUP’s 's financial obligations, Manager shall have the right (but not the obligation) to loan to GROUP funds in an amount sufficient to allow GROUP to meet its financial obligations. Such loan shall bear interest at a rate that is at or above fair market value and shall have such other terms as the parties may agree from time to time. Manager shall not lend any funds to GROUP for such purposes without the prior approval of GROUP’s 's Board of Directors or the officer(s) of GROUP delegated such power of approval by GROUP’s 's Board of Directors.

Appears in 1 contract

Samples: Management Services Agreement (Prospect Medical Holdings Inc)

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