Management Costs. The Commission shall be authorised to deduct a sum of 2.75% of the amounts contributed by the European Union to the Trust Fund and 5% of the amounts contributed by other donors to cover its management costs, in accordance with Article 187(7) of the Financial Regulation, applicable by virtue of Article 42 of the Financial Regulation of the 11th EDF. The Commission shall present a detailed administrative budget document to the Trust Fund Board every year. This document should set out the budget ceilings for the overall Trust Fund for the year ahead and the proposed indicative allocations for each of the windows. The document should also include indicative budgets for future years and reports on outturns for previous years.
Management Costs. All management costs are included in the fee established in Item #6 of Attachment B. Costs to be billed to USER.
Management Costs. If Investor engages an Affiliate, or any other Person that is not owned or controlled by Government or by Persons resident and licensed to do business in Liberia, to render or furnish to or for Investor any management services or management assistance with respect to Production, the terms of such management services or management assistance must be on an arm's-length basis. Management Fees (as defined below) incurred by Investor with respect to the period beginning on the Effective Date and ending at end of the taxable year prior to Commercial Production Date shall only be deductible in determining Investor's taxable income for any taxable year in such year to the extent they aggregate less than the cumulative amount set forth in the table below. Management Fees incurred by Investor with respect to any taxable year ending after the Commercial Production Date shall only be deductible in determining Investor's taxable income for such year to the extent they aggregate less than the percentage of the other operating expenses of Investor incurred with respect to the applicable year as specified in the following table: Management Fees during period — Maximum deduction per taxable year period beginning on Effective Date and ending at end of taxable year prior to Commercial Production Date 45% of cumulative capitalized costs, not to exceed an aggregate of $50 million for the period first 10 taxable years ending after Commercial Production Date 10% of other operating expenses taxable years 11-15 ending after Commercial Production Date 7.5% of other operating expenses Thereafter 5% of other operating expenses
Management Costs. The amount allocated in the Budget, for each Contractor, shall cover the cost for audit certificates. Banking and transaction expenses related to the handling of any financial resources shall be borne by each Contractor. TITLE IV: CONFIDENTIALITY AND IPR SECTION 6: CONFIDENTIALITY
Management Costs. The Commission shall be authorised to deduct a sum of up to 5% of the amounts contributed to the Trust Fund to cover its management costs.
Management Costs. The Management Fee is intended to compensate Manager for the expertise and time spent by the management personnel of the Manager in connection with the operation and management of the Property and the performance of the services contemplated herein and to cover general office overhead expenses of the Manager to the extent they are related to management personnel of the Manager. The Manager shall be reimbursed for all other expenses incurred by the Manager in connection with the performance of the service required herein, including, without limitation, the following, as approved by Owner:
Management Costs. 10.1 The employment of managing agents, contractors, surveyors, valuers, architects, engineers accountants, solicitors and other professional persons in connection with the management and/or maintenance of the Centre and the payment of all proper fees, charges, salaries, expenses and commissions payable to them including the payment of the fees and expenses incurred by the Landlord in preparing accounts of the Expenditure for each Financial Year and having such accounts certified by the Accountant in accordance with clause 7
Management Costs. 12 5.2 Payment ............................................ 12 5.3
Management Costs. As compensation in full to Manager for the ---------------- performance of all Services hereunder, Lessee shall pay to Manager the sum of (a) the amount of all wages and salaries, including bonuses, which Manager pays to its or any of its Affiliates' permanent or temporary employees and other representatives which is allocable to the work of such employees or representatives in performing Services (such total allocable amount, "Wages"), (b) an amount to cover costs of employee benefits (including employee holidays and paid time-off), social security, insurance, retirement and other plans, payroll taxes, premiums for unemployment, workers' compensation and employer's liability insurance, Manager's general and administrative expenses, costs of maintaining established offices and other organizational expenses equal to fifty percent (50%) of the Wages paid with respect to personnel performing Services at the Project site and one hundred percent (100%) of all other Wages, and (c) costs incurred for travel, subsistence, recruitment and relocation with respect to such employees and other representatives engaged In the performance of the Services. All of Manager's rates, policies and practices referred to in the foregoing shall be subject periodically to reasonable adjustment to reflect changes in Manager's costs, upon Lessee's prior approval, which shall not be unreasonably withheld.
