Operation Fee. The “Operation Fee” shall be calculated by multiplying the Entry Fee by 15.62%. The sum of the Entry Fee and the Operation Fee is due within thirty (30) days of a new JPA Member joining the JPA.
Operation Fee. Commencing on the day of execution of this Agreement and throughout the Term, Owner shall pay to Operator a fixed monthly fee of $246,250 (Two Hundred and Forty Six Thousand Two Hundred and Fifty USD), subject to adjustment based on the Consumer Price Index, Urban Consumers - West (CPI-U, West) on January 1 of each Year, which shall cover all costs associated with the ordinary maintenance of the Steamboat Facility (the "Operation Fee"). The Operation Fee shall include, but not be limited to, the cost of labor, parts, consumables and fees and costs of subcontractors, provided, however, that the payment of the above fee shall not cover and shall be in addition to additional payments to Operator and costs at Owner's additional expense with regard to: (a) Extraordinary Operation Expenses, (b) costs and expenses caused to Operator as a result of Owner non-compliance with any of its obligations described in Sections 3 or 7, (c) all costs and expenses of Owner in connection with the performance of any of its Steamboat Project O&M Operation and Maintenance Agreement - Steamboat Plants obligations under this Agreement, (d) all Operator costs and losses for which Owner is responsible under Section 3.2, and (e) any other costs, reimbursement obligations, expenses, losses, or damages and any taxes, duties, levies or fees which are expressly described in this Agreement as an Owner obligation (including, without limitation, those described in Section 3.1.1), all of which shall be at Owner's additional expense. At Operator's written request, the Parties shall renegotiate in good faith the Operation Fee for every 5 (five) year period, so as to reflect as nearly as possible the economic factors that were the basis for the calculation of the initial Operation Fee and other factors and circumstances justifying the adjustment of the same. If Owner does not accept Operator's proposal for adjustment of the Operation Fee within 15 (fifteen) days of the date of such request, Operator shall be entitled to terminate this Agreement upon written notice to Owner, and the results of such termination shall be as described in Section 8.4.
Operation Fee. Commencing on the day of execution of this Agreement and throughout the Term, Owner shall pay to Operator a fixed monthly fee of $250,000 (Two Hundred Fifty Thousand USD), subject to adjustment based on the Consumer Price Index, Urban Consumers - West (CPI-U, West) on January 1 of each Year, which shall cover all costs associated with the ordinary maintenance of the Plants (the "Plants Operation Fee"). The Plants Operation Fee shall include, but not be limited to, the cost of labor, parts, consumables and fees and costs of subcontractors, provided, however, that the payment of the above fee shall not cover and shall be in addition to additional payments to Operator and costs at Owner's additional expense with regard to: (a) Extraordinary Operation Expenses, (b) costs and expenses caused to Operator as a result of Owner non-compliance with any of its obligations described in Sections 3 or 7, (c) all costs and expenses of Owner in connection with the performance of any of its obligations under this Agreement, (d) all Operator costs and losses for which Owner is responsible under Section
Operation Fee. For the services to be performed by Contractor during the Operation Phase, Contractor will invoice monthly, each of such monthly invoice composed by a fixed fee and a variable fee, as provided for below (“Operation Fee”). The first invoice of the Operation Fee shall be submitted by Contractor on the fifth (5th) day of the following calendar month in which the Operation Phase has began and so forth for every subsequent month until the end of the Term.
Operation Fee. Licensee shall pay Licensor a fee equal to eight percent (8%) of Net Sales to cover costs associated with Licensor's operation of the Shoe Departments; and
Operation Fee. The Management Company shall be entitled to receive an annual fee for the management and administration of the relevant Sub-Fund (the “Operation Fee”) as set out in Annex A. This fee is calculated on the basis of the Net Asset Value per Class as at each Valuation Day. It is accrued on each Valuation Day and debited on a pro-rata basis at the end of each month. The amount of the Operation Fee charged per Sub-Fund or Class shall be disclosed in the annual report. The Management Company, out of the Operation Fee, shall pay the fees of the Depositary and the Administrator.
