Subsequent Annual Fee. As further consideration payable to CHI or any of its affiliates for providing the Services to the Companies and their direct and indirect subsidiaries, in the event at any time or from time to time after the date hereof any member of the Xxxxxx Xxxxxx Group makes equity contributions to any of the Companies and/or their subsidiaries after the date hereof, the Companies shall pay to CHI an annual management fee in an amount equal to 3% of the aggregate equity contributions made by any member of the Xxxxxx Xxxxxx Group to any of the Companies or their subsidiaries after the date hereof (each, a "Subsequent Annual Fee"), earned and payable in advance not more than frequently than quarterly from the date of such additional equity contribution, with the first quarterly payment of each Subsequent Annual Fee being due and payable on the date such additional equity contribution is made.
Subsequent Annual Fee. As further consideration payable to CHI or any of its affiliates for providing the Services to the Companies and their direct and indirect subsidiaries, in the event at any time or from time to time after the date hereof any member of the Xxxxxx Xxxxxx Group makes equity contributions to any of the Companies and/or their subsidiaries after the date hereof (including, without limitation, by way of conversion of any convertible promissory notes) (a “Subsequent Equity Contribution”), the Companies shall pay to CHI an annual management fee in an amount equal to 3% of the aggregate Subsequent Equity Contribution (each, a “Subsequent Annual Fee”), earned and payable in advance not more frequently than quarterly from the date of such Subsequent Equity Contribution, with the first quarterly payment of each Subsequent Annual Fee being due and payable on the date such additional equity contribution is made.
