Common use of Manager’s Fees or Other Compensation Clause in Contracts

Manager’s Fees or Other Compensation. 5.1 Expense Reimbursement Xxxxxxx Homes Xxxxxxx Loans | 17 Company Operating Agreement Note (Amended): Please be advised that the Company may never raise enough capital to move forward with its intended business purposes. In addition to the Cash Distributions described in Article 4, the Manager, its members or their Affiliates may earn additional compensation in the form of Fees, commission, reimbursements, interest or other compensation as further described in the Table in 5.2 below. Such compensation will be paid as an expense of the Company prior to determining Distributable Cash, Managers Fees are authorized in Article 5.2 of this Agreement. The Manager reserves the right to defer collection of any compensation from the time it is earned until sufficient cash is available, without forfeiting any right to collect, although the Manager may earn interest on any deferred compensation. The maximum amount of compensation the Manager may receive is 10 percent (10%) that the Offering, Interests and Members Capital raises. 5.2 Fees Paid to Manager and/or Third Parties The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above).