AGENT’S COMPENSATION. The Agent will be compensated for its service under this Agreement by monthly fees to be paid out of the Project Rental Account to be treated as Project expenses. Such fees will be payable monthly. Each such monthly fee will be in an amount equal to five percent (5%) of the gross receipts (including rentals and other operating income of the Project) actually received during the preceding month.
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Samples: Management Agreement (Berkshire Income Realty Inc), Management Agreement (Berkshire Income Realty Inc), Management Agreement (Berkshire Income Realty Inc)
AGENT’S COMPENSATION. The Agent will be compensated for its service services under this Agreement by monthly fees to be paid out of the Project Rental Account to be treated as Project expenses. Such fees will be payable monthly. Each such monthly fee will be in an amount equal to five percent (5%) of the gross receipts (including rentals and other operating income of the Project) actually collections received during the preceding month, subject always to the provisions of the Regulatory Agreement and the lawful directives of the Secretary.
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Samples: Property Management Agreement (Krupp Realty LTD Partnership V)
AGENT’S COMPENSATION. The Agent AGENT will be compensated for its service services under this Agreement AGREEMENT by monthly fees fees, to be paid out of the Project Rental Operations Account to be and treated as Project PROJECT expenses. Such fees will be payable monthlyon the day of each month. Each such monthly fee will be in an amount equal to five percent (5%) % of the gross receipts (including rentals and rental collections or $ per unit per month. Rental collections include income from sources other operating income than rent, with the exception of the Project) actually received restricted interest income, collected during the preceding month.
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