Common use of Use of Income from Operations Clause in Contracts

Use of Income from Operations. Throughout the term of the LOSP Grant Agreement, the asset management fee, partnership management fee and similar fees combined (the “Asset Management Fee”), shall be $30,900 for the first Operating Year, and may increase by up to 3.5% annually, paid from Net Cash after the payment of all Operating Expenses, debt service and all Reserve Account deposits have been made per Paragraphs 20.b.1 through 20.b.

Use of Income from Operations. Throughout the term of the LOSP Grant Agreement, the asset management fee, partnership management fee and similar fees combined (the “Asset Management Fee”), shall be the greater of $30,900 for the first Operating YearYear or the amount set forth in 8314 (a)(B), and may increase by up to 3.5% annually, paid from Net Cash after the payment of all Operating Expenses, debt service and all Reserve Account deposits have been made per Paragraphs 20.b.1 through 20.b.