Operator Fees. The Operator will be entitled to include in Costs a charge for management supervision and corporate administration for which no direct charge is otherwise included in Costs equal to: (a) 5% of Costs for exploration work on any part of the Property from the Closing Date until the time when all material information is provided to applicable persons to prepare a Feasibility Study (as defined herein) in the agreed upon form (the “Commencement of Feasibility”); (b) 3% of Costs following the Commencement of Feasibility through feasibility, mine construction and production and during the period that operations are suspended during a mine maintenance plan; and (c) 5% during the period that a mine closure plan is effective.
Operator Fees. Each Owner shall pay to Operator its Project Share ------------- of the following as compensation for Operator's performance of its obligations hereunder:
Operator Fees. In addition to any other amounts set forth herein, the Operator shall be entitled to an Operating Fee equal to $35,000.00 per month.
Operator Fees. As compensation for the management, administrative and support services rendered under the Operating Agreement by the Operator to a Project Company, as more fully set forth in Exhibit “A”, in addition to reimbursement of all actual costs incurred by the Operator at the Project during the prior month, after commencement of commercial production by a Project, the Operator will be paid a fixed fee each month of $1.00 per ton of Product produced at the Project (the “Operating Fee”) together with a variable fee in an amount equal to a 20% Carried Interest in the Net Revenues of such Project (the “Production Fee”); provided that in no event will such Production Fee be an amount less than 10% of all Net Revenues of the Project. The Operating Fee will be payable on the 20th of each Month on Production during the prior Month. The Production Fee will be documented and payable Quarterly on the basis and in the manner provided in Exhibit A.
Operator Fees. Subject to the repayment of all Working Capital Advances made by each party, Operator shall receive, on a monthly basis from and after the completion of the Initial Remodel and the date that Operator has opened for business to the general public and continuing until the expiration or earlier termination of the Term, the following fees to be distributed from the Agency Account for services rendered under this Agreement: (i) a management fee (the "Management Fee") equal to 4% of Total Revenues, and (ii) a license fee (the "License Fee") equal to 2% of Total Revenues. For the purpose of this Agreement, the combined Management Fee and License Fee shall be defined as "Operator Fees". If there is not sufficient Net Operating Income (as defined herein) to pay the Operator Fees, the unpaid fees will not be then paid and will be deferred for future payment without interest ("Deferred Operator Fees") as provided for herein.
