Common use of Manager’s Remuneration Clause in Contracts

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may be varied with approval by a resolution of Owners at an Owners' meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution passed at an Owners’ meeting convened under this Deed decide that a percentage lower than 10% shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may be varied with approval reviewed by a resolution at meetings of the Owners at an Owners' meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution passed at an Owners’ meeting convened under this Deed decide that a percentage lower than 10% that provided under the previous provisions of this Clause 9.1 shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. 9.1 Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That:be (a) such percentage may shall not be varied except with approval by a resolution of Owners at an Owners' ’ meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution passed of Owners at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution passed at an Owners’ meeting convened under this Deed decide that a percentage lower than 10% that provided under the previous provisions of this Clause 9.1 shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may not be varied except with approval by a resolution of Owners passed at an Owners' ’ meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital ExpenditureExpenditure ”) save to the extent that the same has been permitted by a resolution of Owners passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution of Owners passed at an Owners’ meeting convened under this Deed Xxxx decide that a percentage lower than 10% that provided under the previous provisions of this Clause 9.1 shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may not be varied except with approval by a resolution of Owners passed at an Owners' ’ meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution of Owners passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution of Owners passed at an Owners’ meeting convened under this Deed Xxxx decide that a percentage lower than 10% that provided under the previous provisions of this Clause 9.1 shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may not be varied except with approval by a resolution of Owners passed at an Owners' ’ meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution of Owners passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution of Owners passed at an Owners’ meeting convened under this Deed decide that a percentage the rate applicable provided under the previous provisions of this Clause 9.1, or any lower than 10% rate as considered appropriate by the Owners shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may be varied with approval by a resolution at meetings of the Owners at an Owners' meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution passed at an Owners’ meeting convened under this Deed decide that a percentage lower than 10% that provided under the previous provisions of this Clause 9.1 shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).