Accounting Fee Sample Clauses

Accounting Fee. The Owners and Innisfree agree that (a) for the services provided by Innisfree pursuant to Articles II and VI the Owners will pay to Innisfree an annual Accounting Fee equivalent to $30.00 per month per Unit; and (b) the Accounting Fee will be payable monthly as a Hotel Expense in each case upon the delivery of the Monthly Statement in respect of such month.

Accounting Fee. In addition to the Base Management Fee, the Manager shall be paid a fee for centralized accounting services (the “Accounting Fee”) equal to the per-Accounting Period fee set forth in the Sub-Management Agreement with respect to each individual Hotel during the Term of this Agreement and for one (1) Accounting Period after the termination of this Agreement. Such centralized accounting services consist of the processing of daily accounting 19 transactions necessary for the preparation of the monthly financial statements, including general ledger, accounts payable, payroll (in conjunction with the payroll processing firm) and banking.

Accounting Fee. = An amount equal to the sum of (a) for Hotels with less than 50 rooms, $1,500 per Hotel per month, (b) for Hotels with 51-100 rooms, $2,000 per Hotel per month, (c) for Hotels with 101-150 rooms, $2,500 per Hotel per month, (d) for Hotels with 151-200 rooms, $2,750 per Hotel per month, and (e) with Hotels with more than 200 rooms, $3,000 per Hotel per month, being the current pro rata estimated total monthly cost of operating the central accounting system for the Hotels, including employee salaries and the amortized cost of capital equipment. The pro rata allocation to a Hotel is to be based on the total number of rooms available in such Hotel divided by the total number of rooms available in all of the Hotels. The Manager shall give at least sixty (60) days notice in writing to the Owner of any increase in such fee and the Owner and the Manager shall negotiate in good faith with respect to such increase. If the parties are unable to agree, the Accounting Fee shall be the greater of the then present Accounting Fee or such higher number as Owner may determine, provided that Manager shall have the right, on giving the Owner a further four (4) months notice, to cease to provide the centralized accounting system.

Accounting Fee. In addition to the Base Management Fee and the Incentive Management Fee, the Manager shall be paid a fee for centralized accounting services (the “Accounting Fee”) equal to the amount charged by Manager monthly for all Manager’s managed hotels based on the type of hotel managed per Accounting Period during the Term of this Agreement and for one (1) Accounting Period after the applicable termination of this Agreement with respect to the Hotel. The Accounting Fee shall be set annually and is intended to be a break-even fee for the accounting department. The Accounting Fee for 2008 is $1,500 per month. Such centralized accounting services consist of the processing of daily accounting transactions necessary for the preparation of the monthly financial statements, including general ledger, accounts payable, payroll (in conjunction with the payroll processing firm) and banking. In addition, the following expenses are included in the annual accounting fee a. express mail and regular postage for items sent specifically to or on behalf of the Hotel, which would include accounts payable checks, weekly invoices and accounting information to and from the Hotel, payroll checks, payroll reports and other documents necessary for the efficient operation of the Hotel; b. telephone and fax costs specifically for the Hotel; and c. costs of photocopying specifically for the Hotel. However, Owner is responsible for all payroll processing firm fees associated with processing the hotel’s payroll as well as any banking service charges for operating and maintaining the bank account or accounts for the hotel. Owner shall have use of Manager’s software system (currently Inquire but changing to M3 Link) at no charge for this Hotel.

Accounting Fee. Monthly accounting fee for service shall be $2,000 per month (“Accounting Fee”). The Accounting Fee shall be the sole and entire amount for accounting fees for which Owner shall be responsible to pay Operator. Owner shall be responsible for payment of charges for third party reports, audits, and tax returns. No deduction or disbursement in excess of the Accounting Fee amount may be made from the General Account or any other account of Owner for the accounting services provided by Operator. The Accounting Fee may be adjusted annually at the discretion of Operator, but in no case shall such adjustment exceed the annual increase in the National Consumer Price Index (CPI), as published by the Bureau of Labor Statistics.

Accounting Fee. In consideration of certain other mandatory services related to the Brand provided by Manager and/or its affiliates, Manager shall have the right to withdraw from the Bank Account and pay itself an Accounting Fee equal to Fifteen Dollars ($15.00) per room for each Fiscal Month or part thereof during the Initial Term and any Renewal Term(s), subject to adjustment from time to time on an area-wide basis within the Brand. The Accounting Fee for the immediately preceding Fiscal Month shall be paid to Manager by the 15th day of the next succeeding Fiscal Month.

Accounting Fee. In addition to the Base Management Fee, the Manager shall be paid a fee for centralized accounting services (the “Accounting Fee”) equal to $2,500 per Accounting Period during the Term of this Agreement and for one (1) Accounting Period after the termination of this Agreement. The Accounting Fee shall be increased each year in accordance with increases in the Consumer Price Index-Cities-All Urban Consumers (1982-84 — 100), issued by the Bureau of Labor Statistics of the United States Department of Labor.

Accounting Fee. Manager will perform certain data processing and accounting functions for the Hotel at Manager’s headquarters or central office using personnel that are not employed at the Hotel. In consideration of Manager’s performance of these data processing and accounting functions for the benefit of the Hotel, Owner will pay to Manager on a monthly basis the Accounting Fee, which Accounting Fee shall be prorated for any partial month and may be withheld by Manager from Gross Revenues.

Accounting Fee. Company hereby agrees to waive its accounting fee, which equals 5% of each royalty payment made to Owner, withheld from each distribution payable to Owner during the Term. If Company incurs a banking transaction fee for sending Owner's royalty payment, Company may withhold the fee and deduct it from the amount payable to Owner.