Operations Fee. (a) Payment of Operation Fee The Association will make an annual Operations Fee payment to the Park Board in an amount equivalent to a percentage of the Association’s gross prior year Facility-Generated Revenue and any gross revenue generated in respect of Licensed Childcare that is processed outside of the Registration System. These payments are not a gift and are being made as a commitment by the Association to the principle of equity in the Community Centre Network and as partial consideration for the rights being granted by the Park Board to the Association under this Agreement. The Park Board is considered a qualified donee for the purposes of the Income Tax Act as an administrative arm of the City of Vancouver. Notwithstanding the foregoing, the Association will not be required to make any Operations Fee payment in respect of revenue generated from Programming and services at Satellite Locations offered independently by the Association without the involvement or assistance of the Park Board or Park Board Personnel. The Association will pay its annual payment to the Park Board within 3 months of the end of the Association’s Fiscal Year. The percentage applicable for each year of the Term shall be as set out in the following table: Year of Term Percentage of Gross Revenue for Payment 1 0% 2 1% 3-10 2% each year Renewal Term 2%, or such greater amount as may be approved by the Park Board Commissioners in a public process. The purpose of the Operations Fee payment is to facilitate reinvestment in the Community Centre Network to achieve the Public Policy goals of the Park Board and/or increase equity across the Community Centre Network. Operations Fee payments will not be used to finance capital projects or provide supplemental funds to the budget of the Park Board. In situations of financial hardship, the Association may request that the Park Board permit a partial or total exemption from that year’s Operations Fee payment. The Park Board will have the right to review the Association’s books of account and other related financial information to assess claims of financial hardship. For the purposes of this Section, “financial hardship” shall mean when an Association has encountered unforeseen circumstances which have strained the Association’s financial capacity such that the Operations Fee payment will:
Operations Fee. The fee for the Operations Services shall be a monthly fee of $59,000 which shall be due and payable within 30 days of the end of each month during the term of the Agreement beginning with July 2001.
Operations Fee. Manager shall receive a fee equal to fifteen percent (15%) of the excess of Group Revenues over Clinic Expenses as a result of Group operations.
Operations Fee. (a) The fee for operations payable to EXLP as initial Manager shall be the Operations Fee.
Operations Fee. Beginning on the date that is the first day of a calendar month after the Operational Date and every first day of the month thereafter during the Term, Motivate shall invoice the City monthly for its Operations Fee which shall consist of the following (a) $184.00 per Bicycle per month in connection with its performance of the Work for the previous month of operation (such Operations Fee to be calculated by multiplying $184.00 by the number of Bicycles in operation during such month as well as a pro rata portion of any incomplete month for the first month of operation of the System) and (b) $350.00 for each Bicycle wrap completed by Motivate during the previous month of operation as requested. Payment for the Operations Fee is solely derived from System Revenues and will be paid by the City in accordance with the Payment Priority Schedule. Motivate acknowledges and accepts the risk of a Cumulative Operations Loss. Under no circumstances will the City compensate Motivate for any such loss(es) except as follows: during the Term, any Cumulative Net Profit will go first toward rectifying any Cumulative Operations Loss. In such case, Motivate will invoice the City for that month’s Operations Fee plus any Cumulative Operations Loss up to the amount of the Cumulative Net Profit. For any month in which an Operations Fee is due and payable to Motivate in accordance with the Payment Priority Schedule, payment of such Operations Fee shall be made within thirty (30) days of receipt by the City of an invoice therefor from Motivate. If the Operations Fee due hereunder is not remitted within 45 days of receipt of the invoice therefor, the City shall pay interest to Motivate at a rate of 1.5% per month (18% per annum) on such past due amounts from such due date until the date such Operations Fee is remitted. Beginning with the date that is one (1) year after the Operational Date, the Operations Fee will be increased each calendar year by any cumulative increase over the previous calendar year in the National Bureau of Labor Statistics’ Consumer Price Index for All Urban Consumers (CPI- U) for the greater Portland area. In the event of a decrease of the CPI-U for the greater Portland area, the Operations Fee will remain the same as the previous year.
Operations Fee. 10 3.1.4 Additional Managed Care Payments . . . . . . . . . . . 11
Operations Fee. Monthly Operations Fee which shall consist of the following (a) $184 per Bicycle per month in connection with Motivate's performance of the Work for the previous month of operation (such Operations Fee to be calculated by multiplying $184.00 by the number of Bicycles in operation during such month as well as a pro rata portion of any incomplete month for the first month of operation of the System) and (b) $350.00 for each Bicycle wrap completed at the request of the Title Sponsor during the previous month of operation.
Operations Fee. The Project Operator shall not be entitled to any fee or compensation, directly or indirectly, for performance, or causing the performance, of its duties and responsibilities, except for the Operations Fee as set forth below. In consideration of the performance by the Project Operator of its duties and responsibilities hereunder for the Owners, the Owners shall pay the Project Operator in each Fiscal Year a fee (the “Operations Fee”) proposed by the Project Operator, subject to approval by the Management Committee, which may consist of a periodic fixed fee or a percentage of Operating Expense or a combination thereof, but shall not exceed 10% of the Operating Budget for such Fiscal Year to be paid in equal monthly installments, and each of the Owners shall pay to the Project Operator its Percentage of the Operations Fee. The Operations Fee shall be prorated for less than a full twelve (12) month period. The Operations Fee shall be adjusted annually at the commencement of each Fiscal Year by the percentage change (whether positive or negative) in the Inflation Factor during the previous twelve (12) month period.
Operations Fee. Monthly per Subscriber Fee $ (***) per Subscriber (CSG Workforce Express(TM) Operations Fee includes the hardware and third party software located at CSG or its agents' site.)
Operations Fee. With respect to each Sub-System each Month, Shipper shall pay Gatherer a fee equal to the product of (i) the greater of (A) the Volume of the Monthly Gas Receipt delivered into such Sub-System during such Month and (B) one (1) Mcf, and (ii) the Operations Fee applicable to such Sub-System for such Month.
