Base Management Fees. (a) The Manager is entitled to receive a Base Management Fee in respect of each calendar month.
Base Management Fees. In consideration of the services to be performed during the Term of this Agreement by Management Company, Management Company shall be paid a periodic base management fee (“Base Management Fee”) in the amount of four percent (4%) of Gross Revenues for each Accounting Period. Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such time as the final monthly report for such Accounting Period is submitted to TRS as provided in Section 6.02 A below.
Base Management Fees. Manager hereby agrees to a base sub-management fee (the “Sub-Management Fee”) of 3.25%of the Gross Revenues for each Accounting Period, which shall be paid out of the Manager’s Base Management Fee as set forth in Section 6.01 A of the Management Agreement (the “Base Management Fee”). Sub-Manager shall be entitled to retain such Sub-Management Fee from the Gross Revenues in accordance with Section 6.01 A of the Management Agreement, provided Sub-Manager remits the remaining 0.75% percent of the Base Management Fee to Manager within twenty (20) days after the close of each Accounting Period.
Base Management Fees. In consideration of the services to be performed during the term of this Agreement by Management Company, Management Company shall be paid a periodic base management fee ("Base Management Fee") in the amount of four percent (4%) of Gross Revenues for each Accounting Period.[In the event that there are 250 or more rooms in the Hotel, the Base Management Fee shall be 3% rather than 4%] Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such time as the final monthly report for such Accounting Period is submitted to Owner as provided in Section 6.02 A below.
Base Management Fees. In consideration of the services to be performed during the term of this Agreement by Manager, the Lessee shall pay to the Manager a periodic base management fee ("Base Management Fee") in the amount of two percent (2%) of Gross Revenues for each month. Each such periodic fee shall be paid to Manager (or retained by Manager as provided below) at such time as the final monthly report for such month is submitted to Lessee pursuant to Section 5.04.
Base Management Fees. (I) The Management Fee shall equal 0.4375% per quarter (1.75% annualized) of the Company’s Managed Assets, except as provided by (II) and (III) below.
Base Management Fees. (i) The Company shall pay to the Asset Manager (A) the Tier 1 Base Management Fee payable quarterly in arrears on the first day of each fiscal quarter for advisory and asset management services it provides to the Company pursuant to this Agreement, including monitoring market conditions, monitoring and arranging financing, managing the projects, creating annual budgets and business plans, developing capital expenditure plans, overseeing accounting and reporting at the Project, Project Level Entity and Company levels, and managing the Company’s treasury and tax matters, each as more fully described herein and, (B) until such time as the Asset Manager no longer is the manager of MOF in accordance with the MOF LLC Agreement, the Tier 2 Base Management Fee payable quarterly in arrears on the first day of each fiscal quarter for advisory and asset management services it provides to MOF pursuant to the MOF LLC Agreement, including monitoring market conditions and overseeing accounting and reporting for MOF, each as more fully described in the MOF LLC Agreement. Upon the termination of the Asset Manager as the manager of MOF in accordance with the MOF LLC Agreement, the Company shall pay the Asset Manager an amount equal to all accrued and unpaid Tier 2 Base Management Fees.
Base Management Fees. In the event of termination of this -------------------- Agreement for any reason except pursuant to Clause 12.1(b)(i) due to a Manager Payment Default or Manager Dissolution Default, the Base Management Fees accruing as of the first day of the calendar month following the month in which the Termination Notice is delivered shall no longer be calculated based upon actual NOI per-CEU, per-day, but shall be based upon the average NOI per-CEU, per-day for the three (3) full calendar months immediately preceding the Termination Notice. In the event of termination of this agreement pursuant to Clause 12.1(b)(i) due to a Manager Payment Default or Manager Dissolution Default, as of the date of the Termination Notice, Manager shall be entitled to no Base Management Fees.
Base Management Fees. 23 Section 7.3 Performance Fee...................................................... 24 Section 7.4
Base Management Fees. The base compensation (the "Base Management Fee") to be paid to Management for the services that it renders shall be equal to five percent (5%) of Gross Revenues (as defined herein) which shall be in addition to the payment of the Facility's operating expenses.
