Examples of Accrued Management Fees in a sentence
Any Accrued Management Fee shall be paid solely out of --------------- Operating Profit and not from any other funds or by any Owner's Deficit Contribution pursuant to Section 8.3. Upon the expiration or termination of the Management Agreement for any reason whatsoever, all Accrued Management Fees not then paid shall be written off in their entirety and Manager shall not be entitled to receive any such written-off amounts from future revenues of the Facilities or any other source whatsoever.
Maximum Monthly Amount You agree that any management fees incurred but unpaid (Accrued Management Fees) will appear as a liability in your Consolidated financial statements which will not be repaid in the short term, and that no repayment of the Accrued Management Fees will be made to GFN U.S. without our prior written consent.
Advisor acknowledges and agrees that (i) the only period for which Accrued Management Fees are due and payable is from September 1, 2022 through the Closing Date and for no other periods whatsoever, (ii) except as provided by the foregoing clause (i), NHI’s obligation to pay any such fees under the Advisory Agreement shall terminate in its entirety at the Closing, and (iii) the only period for which Advisor Expenses are due and payable is the period prior to the Closing Date.
Accrued Management Fees will be excluded from the determination of Working Capital.
After the Accrued Management Fees are paid, the Management Fee will be payable on the first business day of each month, in advance, during the remainder of the term of this Agreement.