Common use of Manager’s Compensation and Reimbursements Clause in Contracts

Manager’s Compensation and Reimbursements. From Gross Collections, Manager shall be authorized to retain and pay (1) Manager’s compensation, together with all sales or other taxes (other than income) which Manager is obligated, presently or in the future, to collect and pay to the State or any other governmental authority with respect to the Property or employees at the Property, (2) the amounts reimbursable to Manager under this Agreement, (3) the amount of all real estate taxes and other impositions levied by appropriate authorities with respect to the Property which, if not escrowed with any mortgagee, shall be paid upon specific written direction of Owner before interest begins to accrue thereon; and (4) amounts otherwise due and payable as operating expenses of the Property authorized to be incurred under the terms of this Agreement.

Appears in 31 contracts

Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.), Property Management Agreement (Steadfast Apartment REIT, Inc.), Property Management Agreement (Steadfast Apartment REIT, Inc.)

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Manager’s Compensation and Reimbursements. From Gross Collections, Manager shall be authorized to retain and pay (1) Manager’s compensationthe then-due Management Fee and Pass-Through Expenses, together with (2) all sales or other taxes (other than income) which that Manager is obligated, presently or in the future, to collect and pay to the State or any other governmental authority with respect to the Property or employees at the Property, (23) the amounts reimbursable to Manager under this Agreement, (34) the amount of all real estate taxes and other impositions levied by appropriate authorities with respect to the Property which, if not escrowed with any mortgagee, shall be paid upon specific written direction of Owner before interest begins to accrue thereon; and (45) amounts otherwise due and payable as operating expenses of the Property authorized to be incurred under the terms of this Agreement.

Appears in 8 contracts

Samples: Property Management Agreement (Steadfast Apartment REIT III, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.)

Manager’s Compensation and Reimbursements. From Gross Collections, Manager shall be authorized to retain and pay (1%4) Manager’s compensation, together with all sales or other taxes (other than income) which Manager is obligated, presently or in the future, to collect and pay to the State or any other governmental authority with respect to the Property or employees at the Property, (2%4) the amounts reimbursable to Manager under this Agreement, (%3) the amount of all real estate taxes and other impositions levied by appropriate authorities with respect to the Property which, if not escrowed with any mortgagee, shall be paid upon specific written direction of Owner before interest begins to accrue thereon; and (4%3) amounts otherwise due and payable as operating expenses of the Property authorized to be incurred under the terms of this Agreement.

Appears in 6 contracts

Samples: Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Income REIT, Inc.)

Manager’s Compensation and Reimbursements. From Gross Collections, Manager shall be authorized to retain and pay (1) Manager’s compensation, together with all sales or other taxes (other than income) which Manager is obligated, presently or in the future, to collect and pay to the State or any other governmental authority with respect to the Property or employees at the Property, (2) the amounts reimbursable to Manager under this Agreement, (3) the amount of all real estate taxes and other impositions levied by appropriate authorities with respect to the Property which, if not escrowed with any mortgagee, shall be paid upon specific written direction of Owner before interest begins to accrue thereon; and (4) amounts otherwise due and payable as operating expenses of the Property authorized to be incurred under the terms of this Agreement.

Appears in 2 contracts

Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.), Property Management Agreement (Steadfast Income REIT, Inc.)

Manager’s Compensation and Reimbursements. From Gross Collections, Manager shall be authorized to retain and pay (1) Manager’s 's compensation, together with ,vith all sales or other taxes (other than income) which Manager is obligated, presently or in the future, to collect and pay to the State or any other governmental authority with respect to the Property or employees at the Property, (2) the amounts reimbursable to Manager under this Agreement, (3) the amount of all real estate taxes and other impositions levied by appropriate authorities with respect to the Property which, if not escrowed with any mortgagee, shall be paid upon specific written direction of Owner before interest begins to accrue thereon; and (4) amounts otherwise due and payable as operating expenses of the Property authorized to be incurred under the terms of this Agreement.

Appears in 2 contracts

Samples: Assignment of Management Agreement and Subordination of Management Fees, Assignment of Management Agreement and Subordination of Management Fees (Steadfast Apartment REIT, Inc.)

Manager’s Compensation and Reimbursements. From Gross Collections, Manager shall be authorized to retain and pay (1) Manager’s compensation• the then-due Management Fee and Pass-Through Expenses, together with § all sales or other taxes (other than income) which that Manager is obligated, presently or in the future, to collect and pay to the State or any other governmental authority with respect to the Property or employees at the Property, (2) the amounts reimbursable to Manager under this Agreement, (3) § the amount of all real estate taxes and other impositions levied by appropriate authorities with respect to the Property which, if not escrowed with any mortgagee, shall be paid upon specific written direction of Owner before interest begins to accrue thereon; and (4) § amounts otherwise due and payable as operating expenses of the Property authorized to be incurred under the terms of this Agreement.

Appears in 2 contracts

Samples: Property Management Agreement (Steadfast Income REIT, Inc.), Property Management Agreement (Steadfast Apartment REIT III, Inc.)

Manager’s Compensation and Reimbursements. From Gross Collections, Manager shall be authorized to retain and pay (1) Manager’s 's compensation, together with all sales or other taxes (other than income) which Manager is obligated, presently or in the future, to collect and pay to the State or any other governmental authority with respect to the Property or employees at the Property, (2) the amounts reimbursable to Manager under this Agreement, (3) the amount of all real estate taxes and other impositions levied by appropriate authorities with respect to the Property which, if not escrowed with any mortgagee, shall be paid upon specific written direction of Owner before interest begins to accrue thereon; and (4) amounts otherwise due and payable as operating expenses of the Property authorized to be incurred under the terms of this Agreement.

Appears in 2 contracts

Samples: Assignment of Management Agreement and Subordination of Management Fees (Steadfast Income REIT, Inc.), Assignment of Management Agreement and Subordination of Management Fees (Steadfast Apartment REIT, Inc.)

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Manager’s Compensation and Reimbursements. From Gross Collections, Manager shall be is hereby authorized to retain and pay (1) Manager’s compensationcompensation set forth in Section 4.1 of this Agreement, together with all sales or other taxes (other than income) which that Manager is obligated, presently or in the future, to collect and pay to the State or any other governmental authority with respect to the Property or employees at the Property, (2) the amounts reimbursable to Manager under this Agreement, (3) the amount of all real estate taxes and other impositions levied by appropriate authorities with respect to the Property whichProperty, which (if not escrowed with any mortgagee, ) shall be paid upon specific written direction of Owner before interest begins to accrue thereon; and (4) amounts otherwise due and payable as operating expenses of the Property authorized to be incurred under the terms of this Agreement.

Appears in 1 contract

Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.)

Manager’s Compensation and Reimbursements. From Gross Collections, Manager shall be authorized to retain and pay (1) Manager’s compensation, together with all sales or other taxes (other than income) which Manager is obligated, presently or in the future, to collect and pay to the State or any other governmental authority with respect to the Property or employees at the Property, (21) the amounts reimbursable to Manager under this Agreement, (31) the amount of all real estate taxes and other impositions levied by appropriate authorities with respect to the Property which, if not escrowed with any mortgagee, shall be paid upon specific written direction of Owner before interest begins to accrue thereon; and (41) amounts otherwise due and payable as operating expenses of the Property authorized to be incurred under the terms of this Agreement.

Appears in 1 contract

Samples: Property Management Agreement (Steadfast Income REIT, Inc.)

Manager’s Compensation and Reimbursements. From Gross Collections, Manager shall be authorized to retain and pay (1) Manager’s 's compensation, together with all sales or other taxes (other than income) which Manager is obligated, presently or in the future, to collect and pay to the State or any other governmental authority with respect to the Property or employees at the Property, (2) the amounts reimbursable to Manager under this Agreement, (3) the amount of all real estate taxes xxx.xx and other impositions levied by appropriate authorities with respect to the Property which, if not escrowed with any mortgagee, shall be paid upon specific written direction of Owner before interest begins to accrue thereon; and (4) amounts otherwise due and payable as operating expenses of the Property authorized to be incurred under the terms of this Agreement.

Appears in 1 contract

Samples: Assignment of Management Agreement and Subordination of Management Fees (Steadfast Apartment REIT, Inc.)

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