Compensation to Manager. As compensation for services which Manager renders to Client pursuant to this Agreement and while this agreement is in effect, Manager shall charge Client and Client shall pay Manager quarterly fees in arrears, within 30 business days after the close of each calendar quarter, the equivalent of all indirect and direct costs incurred by the Manager during the relevant period (the "Cost Reimbursement Amount"). The Cost Reimbursement Amount will be established by Manager and provided to Client within a reasonable time period following the end of each such calendar quarter.
Compensation to Manager. The Manager may receive reasonable compensation at its discretion. The Manager shall be reimbursed for all reasonable costs and expenses incurred by it on behalf of the Company in accordance with the Company’s customary reimbursement policies.
Compensation to Manager. Manager will earn compensation for managing the Company as outlined below:
Compensation to Manager. In consideration of the services to be performed by Manager pursuant to the terms of this Contract, the Client will pay to Manager compensation in accordance with the attached Schedule A, Part II based upon the value of the funds, securities and other assets subject to this Contract, as of the calendar quarter end, which compensation will be charged quarterly in arrears directly to the Client. Securities and other assets will, for purpose of determining compensation to Manager, be valued at market value or, in absence of market value, at fair value as determined in good faith by Manager.
Compensation to Manager. The Manager's compensation for the Consulting Services shall be as set forth in Exhibit B attached hereto and incorporated herein by this reference.
Compensation to Manager. For the services to be rendered and the charges and expenses to be assumed and paid by the Manager hereunder, the Fund shall pay to the Manager a quarterly fee of one-eighth (1/8) of one percent (1%) of the average net asset value of the Fund as determined as of the close of each month of the quarterly period.
Compensation to Manager. As compensation for Manager's services hereunder, Manager is entitled to retain for its own account during each calendar year during the term of this Agreement an amount equal to the lesser of (a) fifteen percent (15%) of the Gross Revenues (as defined hereinbelow) for the year or (b) the amount by which the Gross Revenues for the year exceed the total of (i) all accrued expenses of any kind whatsoever ("Expenses") incurred by the Resorts during the year (exclusive of any fees paid or payable to the Silverleaf Club by the Resorts) and incurred by the Silverleaf Club during the year in performing its duties and obligations under the Silverleaf Club Agreement and (ii) the total of all unpaid Shortfalls for any preceding years commencing after December 31, 1992 (as defined hereinbelow). As used herein, the term "Expenses" shall include the total amount of all funds collected from members at the Clubs and set aside in a special account by Silverleaf Club to be used solely for the refurbishment and replacement of buildings and amenities at the Resorts. If in any year commencing after December 31, 1992, the compensation paid to Manager pursuant to this Agreement (exclusive of any amounts for prior Shortfalls) does not equal fifteen percent (15%) of the Gross Revenues for the year then an additional amount equal to the difference between (x) 15% of the Gross Revenues for such year and (y) the amount of compensation actually paid to Manager (exclusive of any amounts for prior Shortfalls) for such year (the "Shortfall") shall be payable to Manager in any subsequent year or years in which the Gross Revenues for such year or years are more than sufficient to pay all Expenses and all prior unpaid Shortfalls, until such Shortfall is fully paid out of such excess Gross Revenues. As used herein, the term Gross Revenues shall mean the amount of all dues, assessments, late charges and any other amounts accrued by Manager from the members of the Clubs pursuant to paragraph 4(a) hereinabove, plus (ii) the
Compensation to Manager. In the event that Manager agrees to perform all supervisory services necessary to carry out ROI Capital Improvements (e.g., replacement of roof, driveways, elevators, HVAC, or that require other structural changes or alterations to the Resort, etc.), Manager shall be paid a market supervisory fee in connection therewith in an amount to be mutually agreed upon between Tenant and Manager, and Manager shall have the authority to complete such ROI Capital Improvements. In the event Manager elects to have a third party perform or supervise such ROI Improvements, such third party shall be selected by Manager.
Compensation to Manager. Owner agrees to compensate manager as follows: Owner agrees to pay Manager an amount equal to one month’s rent for a tenant placement fee and such payment is due upon the leasing out of property. Said funds shall be taken out of tenants move in cost. Placement fee shall be for: acquiring, screening, and placing a tenant; and further agrees to pay 10% of monthly gross rent collected as a fee for managing the property. Monthly fee shall be 10% of the actual amount that is collected from tenant every month. Monthly rental management fee shall be deducted from rent collected each month along with any repair expense incurred during the month. Invoice and pictures (upon request)will be sent out upon completion of repair and deducted from rent collected the following month. If rental funds are not collected the following month from tenant owner is responsible of remitting payment immediately. If property is vacant Owner will not be responsible for paying 10% management fee, Owner will be responsible for inside and outside maintenance and upkeep of property (winterizing, grass cutting, snow removal, etc) Invoice shall be sent out upon completion of repair or maintenance and payment is due upon receipt.
Compensation to Manager. In consideration of Manager's duties hereunder, Manager shall retain all of the royalty fees collected by Manager under each Franchise Agreement. In the event a Franchisee fails to pay Manager the royalty fee required under the Franchise Agreement, and if TJC fails to terminate said Franchisee as permitted under the TJC Franchise Agreements, TJC hereby authorizes Manager to undertake in its sole discretion, such actions against Franchisee that Manager determines to recover the monies owed, which may include filing suit against a Franchisee jointly with, or on behalf of, TJC, and Manager may cease providing services to Franchisee pursuant to this Agreement.
