Payment of Management Compensation. Management Compensation will be paid in [number of installments per year] installments on the [specify day] business day of each [fiscal period] with each installment to be equal to [state formula for installments].18 Within _____ (__) days after (i) the end of each fiscal year of the Partnership, (ii) the date of its dissolution and (iii) the date a person ceases to be Investment Adviser/Manager, appropriate adjustment (by way of payment or refund) will be made so that the management fee paid with respect to the fiscal year then ended or the period from the end of the last fiscal year to the date set forth in clause (ii) or (iii) will be equal to the management fee calculated on a daily basis under Section 3.5(a) for such period. Partnership Expenses.19
Payment of Management Compensation. (a) Management Compensation will be paid in advance on the first day of each fiscal quarter or a portion thereof in cash. If the Management Compensation payable for a fiscal quarter or other period calculated as provided in Section 3.05 is greater than the amount paid at the beginning of that fiscal quarter or period, then the additional Management Compensation owed shall be paid at the beginning of the next fiscal quarter. If the Management Compensation payable for a fiscal quarter or other period calculated as provided in Section 3.05 is less than the amount paid at the beginning of that fiscal quarter or period, then Management Compensation payable for the following fiscal quarter or period shall be reduced by the amount of the overpayment or, if the Partnership will be wound up and liquidated by the end of such fiscal quarter or other period, the overpayment shall be repaid by the recipient to the Partnership.
Payment of Management Compensation. Prior to the Closing, the Company will cause the Novant Managed Hospital Facilities to pay to each management employee listed on Schedule 2.4 the amount set forth opposite each such employee’s name on Schedule 2.4, which amount represents (i) a pro-rated portion of each such employees annual bonus, to reflect the period between January 1, 2009 through the Closing Date, (ii) a payment in lieu of stock options or other equity-based compensation, and (iii) such other amounts as set forth on Schedule 2.4. The parties agree that this payment shall be made or considered made during the Restructuring True-Up Period, so that the expense is indirectly borne seventy-three percent (73%) by HMA LP and twenty-seven percent (27%) by Foundation. HMA will cause any stock option, stock rights, phantom stock, incentive compensation, or similar arrangements with respect to employees of Xxxxxxx or Louisburg to be terminated as of the Closing Date.
Payment of Management Compensation. Management Compensation will be paid in advance on the first day of each fiscal quarter or a portion thereof in cash.44 Increases in Regulatory Capital will be recognized on the first day of the fiscal quarter in which the Partnership notifies SBA of the increase on an executed capital certificate. If the Management Compensation payable for a fiscal quarter or other period calculated as provided in Section 3.05 is greater than the amount paid at the beginning of that fiscal quarter or period, the additional Management Compensation owed shall be paid at the beginning of the next fiscal quarter. If the Management Compensation payable for a fiscal quarter or other period calculated as provided in Section 3.05 is less than the amount paid at the beginning of that fiscal quarter or period, then Management Compensation payable for the following fiscal quarter or period shall be reduced by the amount of the overpayment or, if the Partnership will be wound up and liquidated by the end of such fiscal quarter or other period, the overpayment shall be repaid by the recipient to the Partnership. Within [thirty (30)] days after (i) the end of each fiscal year of the Partnership, (ii) the date the Partnership is terminated and (iii) the date a person ceases to be the Investment Adviser/Manager, appropriate adjustment (by way of payment or refund) will be made so that the Management Compensation paid with respect to the fiscal year then ended or the period from the end of the last fiscal year to the date set forth in clause (ii) or (iii) of this Section 3.06(b) will be equal to the Management Compensation calculated on a daily basis under Section 3.05 for such period. If the General Partner or the Investment Adviser/Manager, or any Associate of the Partnership (except for any such Associate that (i) is regularly engaged in the business of providing investment banking services, and (ii) is a broker-dealer registered with the SEC in accordance with section 15(b) of the Exchange Act), receives any financing fees, management services fees, director fees, or transaction fees from a Portfolio Company, 100% of such fees shall be used to reduce the Management Compensation paid by the Partnership pursuant to this Section 3.06,45 except (i) to the extent such fees reimburse for actual expenses, to the extent the SBIC Act does not require the reduction and (iii) as provided in the two sentences that immediately follow this sentence. If any fees that are required to be credited agai...
Payment of Management Compensation. (a) Management Compensation will be paid in [number of installments per year] installments on the [specify day] business day of each [fiscal period] with each installment to be equal to [state formula for installments].18
Payment of Management Compensation. (a) Management Compensation shall be computed and paid in quarterly installments in advance on demand of the General Partner; provided that the General Partner may not require the payment of more than on quarter’s Management Compensation in advance.
Payment of Management Compensation. Management Compensation will be paid quarterly in arrears, with each installment to be equal to the Management Compensation earned for the quarter then-ended; provided however, that Management Compensation for any partial quarter shall be prorated based on the number of applicable days in such quarter.
Payment of Management Compensation. All Partnerships shall be jointly and severally liable for the payment of the management compensation provided in this Management Agreement. For administrative purposes, the Partnerships agree that unless another method of allocation is agreed upon, management compensation shall be allocated among the Partnerships and charged to each Partnership according to the aggregate value of the capital accounts of the limited partners in such Partnership as of the end of the most recent fiscal quarter. If any Partnership pays a greater proportion or share of such management fees, it shall be entitled to recover such excess portion from the Partnerships contributing less than their portion is determined under this paragraph.
Payment of Management Compensation. (a) The Management Compensation may be paid by the Partnership to the General Partner or, at the General Partner’s direction, in whole or in part to an Investment Adviser/Manager.
Payment of Management Compensation. (a) Management Compensation will be paid in advance on the first day of each fiscal quarter or a portion thereof in cash. If the Management Compensation payable for a fiscal quarter or other period calculated as provided in Section 3.05 is greater than the amount paid at the beginning of that fiscal quarter or period, then the additional Management Compensation owed shall be paid at the beginning of the next fiscal quarter. If the Management Compensation payable for a fiscal quarter or other period calculated as provided in Section 3.05 is less than the amount paid at the beginning of that fiscal quarter or period, then Management Compensation payable for the following fiscal quarter or period shall be reduced by the amount of the overpayment or, if the Partnership will be wound up and liquidated by the end of such fiscal quarter or other period, the overpayment shall be repaid by the recipient to the Partnership. (b) Within sixty (60) days after (i) the end of each fiscal year of the Partnership, (ii) the date of its dissolution and (iii) the date a person ceases to be Investment Adviser/Manager, appropriate adjustment (by way of payment or refund) will be made so that the Management Compensation paid with respect to the fiscal year then ended or the period from the end of the last fiscal year to the date set forth in clause (ii) or (iii) of this Section 3.06(b) will be equal to the management fee calculated on a daily basis under Section 3.05 for such period. Section 3.07
