Common use of Accounting Fee Clause in Contracts

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.