Annual Management Fee Clause Samples

Annual Management Fee. Borrower shall pay to Lender a non-refundable annual management fee for the account of the Lender, in an amount equal to Fifteen Thousand Dollars ($15,000.00) per year, which fee shall be fully earned, and due and payable in advance, on the first and second anniversary of the Effective Date; such amount to be prorated if this Agreement is terminated prior to such first or second anniversary; provided that the annual management fee to be paid on the first anniversary of the Effective Date shall be Seven Thousand Five Hundred Dollars ($7,500.00).

Annual Management Fee. Commencing on the Effective Date and subject to Section 6 below, the Company shall pay to Advisor an annual management fee (the “Annual Management Fee”) equal to $1,500,000. The Annual Management Fee shall be payable in advance in immediately available funds in equal quarterly installments. Quarterly installments shall be made on the first day of the applicable calendar quarter beginning with January 1, 2012. Advisor may elect in its sole discretion to defer the receipt of all or a portion of the Annual Management Fee. Any portion of the Annual Management Fee accrued or deferred pursuant to this provision shall be payable immediately prior to an initial public offering of the equity securities of the Company or any of its affiliates or a Sale of the Company, where “Sale of the Company” means a sale, directly or indirectly, of the Company to an independent third party or group of independent third parties pursuant to which such party or parties (i) acquire capital stock of the Company possessing the voting power under normal circumstances to elect a majority of the Board (whether by merger, consolidation or sale or transfer of the Company’s capital stock or otherwise), (ii) acquire or obtain an exclusive license to all or substantially all of the Company’s assets determined on a consolidated basis, or (iii) a direct or indirect initial public offering of the Company. If, after the date of this Agreement, the Company or any of its affiliates consummates the acquisition of any other business, company, product line or enterprise (each an “Add-On Acquisition”), then Advisor and the board of directors of the Company shall, prior to the consummation of such Add-On Acquisition, determine whether and to what extent the amounts payable pursuant to this Section 4 shall be increased as a result thereof. Any increase shall be evidenced by a written supplement to this Agreement signed by the Company and Advisor. In the case of a Sale of the Company, the Company shall pay a lump sum amount equal to the net present value (using a discount rate equal to the then prevailing yield on U.S. Treasury securities of like maturity) of the Annual Management Fees that would have been payable to Advisor with respect to the period from the date of such Sale of the Company until the end of the Term in effect immediately prior to such Sale of the Company.

Annual Management Fee. Ardshiel hereby accepts the engagement described in Section 1 hereof. For the above management advisory services, the Companies shall pay Ardshiel a fee (the "Management Fee") of $1.9 million dollars per annum, payable monthly in arrears.

Annual Management Fee. Housing Leeds agrees to pay LCCU an annual Management Fee relating to the provision of agreed services. Any changes that are required to the management of the service will be negotiated and agreed by both parties through the Quarterly Review Process (see clause 5 below). LCCU will deliver a service which provides value for money and excellence for Leeds City Council tenants. This agreement enables Housing Leeds to purchase an additional LCCU service for Leeds City Council tenants but does not intend to employ individual staff direct now or at any time in the future.

Annual Management Fee. The annual management fee is a fee charged for the ongoing investment management within the DMPS and also covers standard administrative services including the provision of quarterly valuation reports and the cost of any Adviser review meetings. The fee will normally be set out in your Investment Planning Report terms of business letter or other equivalent document provided to you but in the absence of anything to the contrary will be charged at 1.5% of the value of your Assets. The annual management fee is calculated on a monthly basis at a rate of one twelfth of the annual management fee based on the market value of the DMPS Portfolio and is taken by us from the DMPS Portfolio monthly in arrears.

Annual Management Fee. The Investor will pay the Manager an Annual Management Fee equal to 1% of his/her total Subscription amount. The Annual Management Fee will accrue annually in advance from the Closing Date of the Fund, until 5 years from Closing Date (5 years total). The accrued Annual Management Fee will be satisfied from any distribution made by the Fund to the Investor under the terms of this Agreement and such fee shall be deducted after the Transaction Fee (see 1.3.2 below) is deducted and prior to any distribution to the Investor being made and prior to the Performance Fee to the Manager. If there are no distributions from the Fund, then the Investor will not be subject to payment of the accrued Annual Management Fee of 1%.

Annual Management Fee. 3.1. In consideration for the Services provided by Tene to the Company as of the Commencement Date herein, Tene shall be entitled to an annual management fee of NIS 750,000, plus VAT. Notwithstanding the above, during the Term, either party has the right to terminate the Services detailed in section 1(ii) above, at any time and for any reason or for no reason upon thirty (30) days prior written notice to the other party and following the said termination Tene’s annual management fee shall be reduced to NIS 630,000, plus VAT (the "Annual Management Fee"). 3.2. The Annual Management Fee shall be paid in equal quarterly installments. The Annual Management Fee shall be subject to deduction of any withholding tax and other mandatory charges and amounts as may be prescribed by law, which taxes, charges and amounts shall be the sole responsibility of Tene. 3.3. The consideration provided in this Section 3 shall be the sole and exclusive consideration owed to Tene and Tene Managements Representatives and Tene and Tene Managements Representatives shall not be entitled to any further consideration or reimbursement for expenses, except as expressly provided herein.

Annual Management Fee. An ANNUAL MANAGMENT FEE shall be paid by CITY to SMG for the services provided by SMG. The ANNUAL MANAGEMENT FEE shall consist of the following three components: 1. All Greek Theatre Management staff and all corresponding operations expenses, including but not limited to payroll taxes, insurance, employee benefits, bonds and any other employee related expenses; 2. Other indirect costs necessary to operate the facility (inclusive of maintenance); and 3. SMG Management Fee The Greek Theatre Management Team shall consist of the following position classifications. Each of the following positions shall be filled and maintained to perform the services required in this AGREEMENT: Greek Theatre General Manager, Executive Assistant, Director of Finance, Director of Food & Beverage, Director of Sales/Special Events, Director of Event Services, Senior Finance Manager, Box Office Manager, Purchasing Manager, Human Resource Generalist, F&B Controller, Franklin’s Market & Cafe Manager, Greek Theater Concessions Manager, Chef, Premium Programs Sales Manager, Premium/Sponsorship Fulfillment Coordinator, Marketing Manager/Booking Coordinator, Marketing Coordinator, Event Manager, Facility Maintenance Manager, Part-time Servers, Part-time SMG Staff/Non-profit groups, Part­ time Guest services, and Part-time Ops Event Set-up. Failure to maintain these positions will be considered a material breach and may result in deductions of the Greek Theatre Management Team expense to SMG. In addition to any deductions, failure to maintain the positions, may result in termination of AGREEMENT, if SMG thereafter fails to (i) continuously and diligently to pursue a remedy, and (ii) appoint an interim staff person within forty-five days thereafter. Subject to reasonable modification at discretion of SMG with approval by RAP, and provided that it shall not create any variance to the MANAGEMENT STAFFING COSTS, the CITY reserves the right to approve or disapprove or have removed any employee of SMG or of the FACILITY from working at the Greek Theatre and/or Franklin’s Market & Cafe and SMG agrees to comply and remove any SMG or contracted employee from employment at the FACILITY or its PREMISES if requested by CITY. Subject to any deductions resulting from the failure to maintain the Greek Theatre Management Team and to actual costs incurred, the ANNUAL MANAGEMENT FEE shall not exceed the following: YEAR STAFF EXPENSES INDIRECT EXPENSES SMG FEE MANAGEMENT TOTAL 2019 $1,006,340 $976,100 $75,00...

Annual Management Fee. As compensation for services to the Partnership by the General Partner pursuant to the Agreement, the Partnership shall pay the General Partner an annual management fee based on a fixed percentage of 1/4 of 1% of the Partnership's invested assets. The annual management fee may not exceed 50% of the Partnership's annual net cash flow as defined in Section 8 hereof, subject to the payment of an annual minimum which shall be 1/2 of 1% of the gross offering proceeds. Management fees earned but unpaid accrue for payment in future years. The annual management fee shall be paid subject only to the annual minimum and the 50% limitation referred to above. Invested assets is defined as all costs of acquiring interests in projects, including the mortgages.