Management Revenues definition
Examples of Management Revenues in a sentence
Fiscal Year Fixed Monthly Fee Contingent Management Revenues Base 2024/2025 $3,917 10% $630,000 2025/2026 $4,000 11% $635,000 2026/2027 $4,167 12% $640,000 2027/2028 $4,250 13.5% $645,000 2028/2029 $4,333 15% $650,000 *If Revenues for Owner equals $640,000 in fiscal year 2024/2025 then the Contingent Management Fee would be computed as follows: (Example Revenue Base) = $630,000 ($10,000 times 10% or a contingent management fee of $1,000).
Borrower shall have verified to Lender's satisfaction that Borrower has given its written direction, irrevocable to and until the Loan is fully paid and satisfied, to the Kansas Lottery to pay all future Management Revenues, the Privilege Fee and any other amounts owing to Borrower under the State Management Contract by direct deposit into the Manager Account to be established and maintained by Borrower with Lender.
If the sum of the Brokerage Revenues and the Excess Management Revenues is less than $1,500,000, then the Retained Amount otherwise distributable to the TCR Parties pursuant to Section 3.9 hereof shall be reduced by an amount equal to 175% of the shortfall.
The Property Management Revenues as of the Closing Date shall not be less than 85% of the Baseline Property Management Revenues.
For the purpose of determining the fees payable to SHPS under this Agreement, HPS shall preserve adequate records of Care Management Revenues by Client.
For each month during the term of this Agreement, HPS will pay to SHPS an amount equal to (i) eighty-two and one-half percent (82.5%) of the first $500,000 of Care Management Revenues (as defined below) during such month plus (ii) eighty percent (80%) of Care Management Revenues during such month in excess of $500,000.
HPS will pay to SHPS all Care Management Revenues collected from such New Client, and SHPS will pay a commission to HPS equal to five percent (5%) of such amount received by SHPS from HPS pursuant to this Section 2.4. HPS shall pay such amount to SHPS within fifteen days following the end of each month.
At the time of payment HPS shall submit to SHPS a schedule for the month of payment setting forth the calculation of fees payable under this Section 2.1 and Care Management Revenues by Client.