Incentive Management Fees definition

Incentive Management Fees means the property management fees paid to a Manager for property management (as opposed to asset management) services provided to the Individual Properties that are based on an override, profit participation or other form of incentive for increased revenues or profits generated by such Individual Properties. Incentive Management Fees shall not include Base Management Fees, reimbursable expenses paid to a Manager, system service charges, accounting fees, development fees, revenue management fees, sales and marketing fees, information technology fees, human resources fees, risk management fees, administration fees or other similar fees, expenses or reimbursements, in each case, so long as the same are not calculated based on increases in revenues or profits generated by such Individual Properties.

Incentive Management Fees shall have the meaning specified in Section 5.19.

Incentive Management Fees means, with respect to the Property, amounts denominated in the Management Agreement as “Incentive Management Fees,” or if there is no such designation, fees in the nature of incentive management fees (other than reimbursements due to Manager for operating expenses and other out-of-pocket costs and expenses in accordance with the Management Agreement) to be paid to the Manager under the Management Agreement that are in excess of the Base Management Fees.

Examples of Incentive Management Fees in a sentence

• Within thirty (30) days, Manager shall remit to Owner from the Bank Accounts all funds remaining, if any, after payment or reserve of all accrued Expenses or other payment obligation of the Park to third parties that may remain post- termination, and payment of Base Management Fees, Incentive Management Fees, Termination Liquidated Damages, if applicable, and other amounts due Manager.

• All Base Management Fees and Incentive Management Fees during the term shall be paid to CDT from the Operating Account.

• Notwithstanding any contrary provisions hereof, CDT’s rights to recover dam- ages from Owner shall be limited to the sum of (i) accrued and unpaid Base Management Fees and Incentive Management Fees as of the Termination Effective Date, and other amounts due under the terms of this Agreement; and (ii) actual damages not to exceed the amount of one hundred thousand dollars ($100,000).

• CDT shall pay all operating expenses for the Centers on be- half of Owner from the Operating Account which expenses shall include, but not be limited to, payments of all monthly payroll and related expenses, operating ex- penses, Management Fees (including Base Management Fees and Incentive Management Fees), real and personal property taxes levied on the Centers.

• All of the costs attributable to the operation of the Courses, including but not limited to: Base Management Fees, Incentive Management Fees, payroll, payroll taxes, benefits, employee related costs, insurance, supplies, marketing materials, services, utilities, merchandise for resale, maintenance and repair, service agreements, and real and personal property taxes levied on the Courses.

More Definitions of Incentive Management Fees

Incentive Management Fees is amended as follows:

Incentive Management Fees. – means, with respect to the Property, amounts denominated in the Management Agreement as “Incentive Management Fees,” or if there is no such designation, fees in the nature of incentive management fees (other than reimbursements due to Manager for operating expenses and other out-of-pocket costs and expenses in accordance with the Management Agreement) to be paid to the Manager under the Management Agreement that are in excess of the Base Management Fees.

Incentive Management Fees means the fees designated as "Incentive Management Fees" under the Management Agreement.

Incentive Management Fees the management fees payable by Borrower to Strategic pursuant to Section 2.3(b) of the Management Agreement, in an aggregate amount not to exceed (a) $69,500 with respect to the last ten days of December, 1995 and the first Fiscal Quarter of 1996 and (b) $62,500 with respect to any other Fiscal Quarter.

Incentive Management Fees in the last sentence.

Incentive Management Fees has the meaning set forth in the Operating Agreement.

Incentive Management Fees has the meaning specified in the Hotel ------------------------- Management Agreement.