Common use of Compensation and Expenses Clause in Contracts

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 10 contracts

Sources: Asset Management Agreement (RSE Portfolio, LLC), Asset Management Agreement (RSE Portfolio, LLC), Asset Management Agreement (RSE Portfolio, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER KAWHIBASKET Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 2 contracts

Sources: Asset Management Agreement (Collectable Sports Assets, LLC), Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER LEBRONROOKIE Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 2 contracts

Sources: Asset Management Agreement (Collectable Sports Assets, LLC), Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER RUTHGEHRIGBALL Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 2 contracts

Sources: Asset Management Agreement (Collectable Sports Assets, LLC), Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER JORDANPSA10 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 2 contracts

Sources: Asset Management Agreement (Collectable Sports Assets, LLC), Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER JORDANBGS9.5 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 2 contracts

Sources: Asset Management Agreement (Collectable Sports Assets, LLC), Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 5010% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the [Series #TICKER Name] Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Ark7 Properties LLC), Limited Liability Company Agreement

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all reasonable, documented expenses of the Series #TICKER Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 2 contracts

Sources: Asset Management Agreement (RSE Innovation, LLC), Asset Management Agreement (RSE Innovation, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 90ME1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 2 contracts

Sources: Asset Management Agreement (RSE Collection, LLC), Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 91MV1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 2 contracts

Sources: Asset Management Agreement (RSE Collection, LLC), Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the "Asset Management Fee") to the Asset Manager in respect of each fiscal year, up equal to 5015% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) . Except as set forth in Section 5, the Series will bear all expenses of the #[Series #TICKER Name] Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion ("Operating Expenses Reimbursement Obligation"). (c) . Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 2 contracts

Sources: Series Limited Liability Company Agreement (Ark7 Properties LLC), Limited Liability Company Agreement (Ark7 Properties Advance LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 11BM1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER MAHOMESROOKIE Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 93XJ1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 5010% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER MHQNN Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Ark7 Properties LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 91DP1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 02AX1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 83FB1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 61JE1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 55PS1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 5015% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER SOV9W Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Ark7 Properties Plus LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 90MM1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 06FS1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 5015% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER QGXF0 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Ark7 Properties Plus LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 63CC1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER MANTLEMINT1953 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 76PT1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 99FG1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 85FT1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 87FF1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the each Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the any Series to its Members. (b) Except as set forth in Section 5, the each Series will bear all expenses of the with respect to its respective Series #TICKER Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the that Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 88PT1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 99LE1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 89PS1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 93FS1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 88BM1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER LUKAROOKIE Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 72FG1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 98DV1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 12MM1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 91GS1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 5010% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER KYLBE Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Ark7 Properties LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 02BZ1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 61MG1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 82AV1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER COBBMINTE98 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 5015% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER WRA7O Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Ark7 Properties Plus LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 5010% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER DJVWQ Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Ark7 Properties LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 03PG1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER CURRYBASKET Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Collectable Sports Assets, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up to 5015% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the [Series #TICKER Name] Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Ark7 Properties Plus LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 72MC1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 65AG1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 82AB1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 92LD1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 95BL1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 5015% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER WGI3Z Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Ark7 Properties Plus LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 75RA1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 5010% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER WGI3Z Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (Ark7 Properties Plus LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 06FG1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 88LJ1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 80LC1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 94LD1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)

Compensation and Expenses. (a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, up equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members. (b) Except as set forth in Section 5, the Series will bear all expenses of the Series #TICKER 94DV1 Asset and shall reimburse the Asset Manager for any such expenses paid by the Asset Manager on behalf of the Series together with a reasonable rate of interest (a rate no less than the Applicable Federal Rate (as defined in the Internal Revenue Code)) as may be imposed by the Asset Manager in its sole discretion (“Operating Expenses Reimbursement Obligation”). (c) Each party will bear its own costs relating to the negotiation, preparation, execution and implementation of this Agreement.

Appears in 1 contract

Sources: Asset Management Agreement (RSE Collection, LLC)