Time of Payment of Management Fee. All out-of-pocket costs and expenses incurred by Manager shall be invoiced to Owner and Owner shall pay these amounts to Manager within ten days. The fee described in 4.2. above shall be paid from Owner to Manager on the fifth (5th) day of each month, for the preceding month. The aggregate of the Management Fees so paid monthly shall be adjusted within 120 (one hundred and twenty) days of the end of each Fiscal Year. A partial Fiscal Year at the beginning and end of this Agreement shall be treated as a Fiscal Year for purposes of this Section 4.3. Owner hereby authorizes Manager to pay itself the monthly Management Fee due from the Bank Accounts. Owner shall pay all applicable taxes or fees on the Management Fee. For the last month of the term of this Agreement, Owner shall pay Manager the Management Fee directly. The fee in 4.2.2. shall not take into account any losses carried forward from any prior financial year and shall not take paid or payable management fees into account.

Time of Payment of Management Fee. The Management Fee shall be paid by Owner to Manager on the first day of each calendar month, for the preceding calendar month. Owner hereby authorizes Manager to pay itself the Management Fee, monthly, from the Operating Account. The aggregate of the Management Fee paid monthly shall also be adjusted annually between Owner and Manager based upon the Annual Statements within thirty (30) days of the rendition of each Annual Statement for the prior Fiscal Year.

Time of Payment of Management Fee. The Management Fee will be paid by the tenth day of each month, for the preceding month, based on the preceding month's Gross Revenues multiplied by a percentage determined by dividing the $500,364 annual Management Fee by budgeted annual Gross Revenues for the fiscal year as set forth in the Budget, which total Management Fees paid in any fiscal year shall not exceed the applicable amount described in Paragraph 4.1 above; provided that the Management Fee payable for the period commencing with the date hereof and ending June 30, 1997 shall be paid in equal monthly installments. The Owner hereby authorizes the Manager to pay itself the Management Fee, monthly, from the Operating Account. The aggregate of the Management Fees so paid monthly, shall be reconciled annually between the Owner and the Manager, based upon the Annual Statements referred to in Paragraph 3.10 hereof and within 30 days of the rendition of each Annual Statement for the prior fiscal year and appropriate payments or refunds shall be paid.

Time of Payment of Management Fee. The Base Payment will be paid by the Owner to the Manager on the 15th day of each month for such month. The Owner hereby authorizes the Manager to pay itself the Base Payment, monthly, from any and all operating accounts, including, but not limited to the Business Operating Account(s). The Incentive Fee shall be payable from the Business Operating Account(s) within thirty (30) days of the delivery of the audited Financial Statements for the Fiscal Year as to which such Incentive Fee is payable.

Time of Payment of Management Fee. All out-of-pocket costs and --------------------------------- expenses incurred by Manager shall be invoiced to Owner and Owner shall pay these amounts to Manager within ten days. The fee described in (a) above shall be paid from Owner to Manager on the fifth (5th) day of each month, for the preceding month. That portion of the Management Fee based upon EBITDA shall be paid thirty (30) days after the last day of each calendar month. The aggregate of the Management Fees so paid monthly shall be adjusted quarterly, and an annual adjustment shall be made within ninety (90) days of the end of each Fiscal Year. A partial Fiscal Year at the beginning and end of this Agreement shall be treated as an Fiscal Year for purposes of this Section 4.3. Owner hereby authorizes Manager to pay itself the monthly Management Fee due from the Bank Accounts. Owner shall pay all applicable taxes or fees on the Management Fee. For the last month of the term of this Agreement, Owner shall pay Manager the Management Fee directly. The fee in 4.2.(c) shall not take into account any losses carried forward from any prior financial year.

Time of Payment of Management Fee. (a) With respect to the Management Fee payable pursuant to Sections 3.1(a)(i) and (ii), such Management Fee shall be paid by each Owner to Manager on a monthly basis, on the first day of each calendar month with respect to Management Services performed during the preceding calendar month. The Management Fee shall be prorated with respect to any partial period. Each Owner hereby authorizes Manager to pay Manager the Management Fee, monthly, from the Account established in accordance with this Agreement with respect to such Owner’s applicable Casino Operation. (b) With respect to the Management Fee payable pursuant to Sections 3.1(a)(iii) and (iv), such Management Fee shall be paid by each Owner to Manager on a monthly basis based on the higher of (x) four percent (4%) of EBITDA for the preceding calendar month derived from the operation of such Owner’s applicable Casino Operation and (y) the pro rata portion (based upon the number of calendar months in such Fiscal Year, or portion thereof) of the minimum Management Fee with respect to such Casino Operation, on the first day of each calendar month on which EBITDA numbers for the preceding calendar month are available, with respect to Management Services performed during the preceding calendar month. Not later than thirty (30) days after the receipt of the Annual Statement prepared with respect to each Casino Operation for the calendar year in which the Effective Date or Opening Date, as applicable, occurs and for each succeeding Fiscal Year, Manager and the Oaktree Managers shall calculate the actual EBITDA for such Casino Operation determined from the financial statements of each such Owner for the period ending on December 31 of the immediately preceding year (“Actual EBITDA”). If the Management Fee calculated by Manager and the Oaktree Managers and determined on the basis of Actual EBITDA for such Casino Operation shall be less than the Management Fees paid in such Fiscal Year (or portion thereof) with respect to such Casino Operation (hereinafter, the “Management Fee Excess”), the applicable Owner shall deduct the dollar amount equal to the Management Fee Excess ratably over the remaining monthly payments of the Management Fee for such year. Each Owner hereby authorizes Manager to pay Manager the Management Fee, monthly, from the Account established in accordance with this Agreement with respect to such Owner’s applicable Casino Operation.

Related to Time of Payment of Management Fee

Time of Payment During the performance of the services provided for in this Agreement, monthly payments shall be made based upon that portion of the services which has been completed. On or about the last day of each calendar month during the performance of the Basic Services to be provided under this Agreement, A/E shall submit to County working documents in any stage of completion to demonstrate incremental progress of Basic Services and the compensation which is due for percentage completion of Basic Services. On or about the last day of each calendar month during the performance of the Additional Services to be provided under Article 7, A/E shall submit to County working documents in any stage of completion to demonstrate incremental progress of Additional Services under an applicable Supplemental Agreement related thereto, and the compensation which is due for percentage completion of particular Additional Services. County shall review the documentation and shall pay each statement as set forth in this Article 8, however, the approval or payment of any statement shall not be considered evidence of performance by A/E to the point indicated by such statement or of receipt or acceptance by County of the services covered by such statement. Final payment does not relieve A/E of the responsibility of correcting any errors or omissions resulting from A/E’s negligence. Upon submittal of the initial invoice, A/E shall provide the County Auditor with an Internal Revenue Form W-9, Request for Taxpayer Identification Number and Certification that is complete in compliance with the Internal Revenue Code, its rules and regulations.
Time of Payments Any payment that is due on a day that is not a Business Day may be made on the next Business Day but will bear interest until received in full. All payments must be made in funds which are immediately available on the date on which payment is due.
Investment Management Fee For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the monthly management fee rate (including performance adjustments, if any) that the Portfolio is obligated to pay the Advisor under its Management Contract with the Advisor, multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month. If in any fiscal year the aggregate expenses of the Portfolio exceed any applicable expense limitation imposed by any state or federal securities laws or regulations, and the Advisor waives all or a portion of its management fee or reimburses the Portfolio for expenses to the extent required to satisfy such limitation, the Investment Management Fee paid to the Sub-Advisor will be reduced by 50% of the amount of such waivers or reimbursements multiplied by the fraction determined in (ii). If the Sub-Advisor reduces its fees to reflect such waivers or reimbursements and the Advisor subsequently recovers all or any portion of such waivers and reimbursements, then the Sub-Advisor shall be entitled to receive from the Advisor a proportionate share of the amount recovered. To the extent that waivers and reimbursements by the Advisor required by such limitations are in excess of the Advisor's management fee, the Investment Management Fee paid to the Sub-Advisor will be reduced to zero for that month, but in no event shall the Sub-Advisor be required to reimburse the Advisor for all or a portion of such excess reimbursements.
Date of Payment Should the principal of or interest on the Notes become due and payable on other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and in the case of principal, interest shall be payable thereon at the rate per annum specified in the Notes during such extension.
Netting of Payments Subparagraph (ii) of Section 2(c) of this Agreement will apply to Transactions entered into under this Agreement unless otherwise specified in a Confirmation.
Investment of Payment Fund The Paying Agent shall invest the cash included in the Payment Fund as directed by Parent. Any interest and other income resulting from such investments shall be paid as directed by Parent. To the extent that there are losses with respect to such investments, Parent shall promptly replace or restore the portion of the Payment Fund lost through investments so as to ensure that the Payment Fund is maintained at a level sufficient to make such payments.
Manner and Time of Payment All payments by Company of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).
Property Management Fee For its services in managing the day-to-day operations of the Property in accordance with the terms of this Agreement, Company shall pay to Property Manager an annual property management fee (the “Property Management Fee”) equal to 4.0% of the Gross Revenue (as hereinafter defined). The Property Management Fee shall be prorated for any partial year and shall be payable in equal monthly installments, in advance. The Property Management Fee shall be payable on the first day of each month from the Operating Account or from other funds timely provided by the Company. Upon the expiration or earlier termination of this Agreement, the parties will prorate the Property Management Fee on a daily basis to the effective date of such expiration or termination. For purposes of this Agreement, the term “Gross Revenue” shall mean all gross collections from the operations of the Property, including, without limitation, rental receipts, late fees, application fees, pet fees, damages, lease buy-out payments, reimbursements by Tenants for common area expenses, operating expenses and taxes and similar pass-through obligations paid by Tenants, but shall expressly exclude (i) security deposits received from Tenants and interest accrued thereon for the benefit of the Tenants until such deposits or interest are included in the taxable income of the Company; (ii) advance rents (but not lease buy-out payments) until the month in which payments are to apply as rental income; (iii) reimbursements by Tenants for work done for a particular Tenant; (iv) proceeds from the sale or other disposition of all or any portion of the Property; (v) insurance proceeds received by the Company as a result of any insured loss (except proceeds from rent insurance or the excess of insurance proceeds for repairs over the actual costs of such repairs); (vi) condemnation proceeds not attributable to rent; (vii) capital contributions made by the Company; (viii) proceeds from capital, financing and any other transactions not in the ordinary course of the operation of the Property; (ix) income derived from interest on investments or otherwise; (x) abatement of taxes, awards arising out of takings by eminent domain and discounts and dividends on insurance policies; and (xi) rental concessions not paid by third parties.
Asset Management Fee The fee payable to the Advisor for day-to-day professional management services in connection with the Company and its investments in Assets pursuant to this Agreement.
Payment of Extraordinary Education Related Expenses Section 5.1. PAYMENT OF EXTRAORDINARY EDUCATION-RELATED EXPENSES. In addition to the amounts determined pursuant to Articles IV and VI of this Agreement, Applicant on an annual basis shall also indemnify and reimburse District for all non-reimbursed costs, certified by the District’s external auditor to have been incurred by the District for extraordinary education-related expenses directly and solely related to the project that are not directly funded in state aid formulas, including expenses for the purchase of portable classrooms and the hiring of additional personnel to accommodate a temporary increase in student enrollment caused directly by such project. Applicant shall have the right to contest the findings of the District’s external auditor pursuant to Section 4.9 above.

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