Obligation for Management Fee Sample Clauses

Obligation for Management Fee. In consideration for performing all of its management, administrative, oversight, cooperation, and coordination services under this Agreement, Owner shall pay for each Twelve Month Period, a “Management Fee”, which is hereby defined to mean the following [AMOUNTS BELOW WILL BE FILLED IN BASED ON FINAL HVS PROJECTIONS TO EQUAL 2.65% OF PROJECTED GROSS OPERATING REVENUES FOR EACH OF THE APPLICABLE YEARS, 2.00% OF WHICH WILL BE THE BASE MANAGEMENT FEE AND .65% OF WHICH WILL BE THE SUBORDINATED MANAGEMENT FEE. NOTE THAT THE HVS PROJECTIONS WILL BE SUBJECT TO THE REVIEW AND APPROVAL OF OMNI]: First Twelve Month Period $ Second Twelve Month Period $ Third Twelve Month Period $ Fourth Twelve Month Period $ Fifth Twelve Month Period $ Sixth and Later Twelve Month Periods $ , provided that the Management Fee payable for the sixth (6th) Twelve Month Period and each succeeding Twelve Month Period shall be increased or decreased, as applicable, by a percentage equal to the percentage change in the Index from the last month of the preceding Twelve Month Period as compared to the last month of the Twelve Month Period immediately preceding such preceding Twelve Month Period. The Management Fee is divided into two portions, the Base Management and the Subordinate Management Fee, as set forth and defined in Sections 3.1.2.1 and 3.1.3.1, respectively, of this Agreement. Owner and Manager agree that, except for the Management Fee, Centralized Services Fees and Charges, and Reimbursable Expenses, Manager shall not be entitled directly or indirectly to any other fees or compensation in connection with the delivery of services which Manager is required to provide to the Hotel pursuant to this Agreement. All such fees shall be treated as Operating Expenses, except that the Subordinate Management Fee, so long as any Bonds remain Outstanding under the Indenture, shall be subordinate to payment of Debt Service on all Outstanding Bonds and be payable solely from amounts rightfully on deposit in the Subordinate Management Fee Fund held by Trustee under the Indenture. Unless otherwise specified in this Agreement, all amounts payable to Manager or its Affiliates under this Agreement shall be paid to Manager in United States Dollars, in immediately available funds (i.e. by wire transfer or cashier’s check) (“Immediately Available Funds”), without reduction for any withholding tax, value added tax or any other assessment, tax, duty, levy or charge required under the applicable laws of an...
Sample 1
AutoNDA by SimpleDocs

Related to Obligation for Management Fee

  • VENDOR MANAGEMENT FEE Contractor shall pay to Enterprise Services a vendor management fee (“VMF”) of 1.5 percent on the purchase price for all Master Contract sales (the purchase price is the total invoice price less applicable sales tax).

  • Management Fee For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.

  • Construction Management Fee The Construction Management Fee for the Project shall be either a ☒Lump Sum or ☐Not-To-Exceed Fee of Fifty-One Thousand, Four Hundred Fifty-Six Dollars and Twenty-Three Cents ($51,456.23). NOTE: Allowances will be on a Not-To-Exceed basis. All unused funds will be returned to the School District at the time of construction closeout. Fee will be paid only on cost of work for these items. Exhibit C- Project Assignment Page 2 of 4

  • Payment of Extraordinary Education Related Expenses Section 5.1. PAYMENT OF EXTRAORDINARY EDUCATION-RELATED EXPENSES. In addition to the amounts determined pursuant to Articles IV and VI of this Agreement, Applicant on an annual basis shall also indemnify and reimburse District for all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses directly and solely related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment caused directly by such project. Applicant shall have the right to contest the findings of the District’s external auditor pursuant to Section 4.9 above.

  • Fee Payment To pay the required Commission filing fees relating to the Notes within the time period required by Rule 456(b)(1) of the Rules and Regulations without regard to the proviso therein and otherwise in accordance with Rule 456(b) and 457(r) of the Rules and Regulations;

  • Management Fees (a) In consideration of the services provided by the Investment Manager, each class of a Fund shall pay to the Investment Manager a management fee that is calculated as described in this Section 6 using the fee schedules described herein.

  • Incentive Fee The Incentive Fee shall consist of two parts, as follows:

  • Annual Fee As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000.

  • Performance Fee The fee payable to the Advisor upon termination of this Agreement under certain circumstances if certain performance standards have been met pursuant to Section 4.03(b) or (c).

  • Reimbursement of Eligible Costs To be eligible for reimbursement, the Engineer's costs must (1) be incurred in accordance with the terms of a valid work authorization; (2) be in accordance with Attachment E, Fee Schedule; and (3) comply with cost principles set forth at 48 CFR Part 31, Federal Acquisition Regulation (FAR 31). Satisfactory progress of work shall be maintained as a condition of payment.

Time is Money Join Law Insider Premium to draft better contracts faster.