Fee to Manager Sample Clauses

Fee to Manager. During each month of this Agreement the Operators shall pay Manager a fee in an amount equal to five percent (5%) of the aggregate gross revenues of the Facilities computed in accordance with GAAP (the “Management Fee”). The Management Fee for each month shall be payable within ten (10) business days following the delivery to Manager of the monthly financial report required pursuant to Section 1.02 for such month. Any Management Fee or portion thereof not paid within thirty (30) days following the date it was due shall bear interest at the rate of five percent (5%) per annum from its due date until paid.

Fee to Manager. (a) During each Contract Year of the term of this Agreement, Manager shall receive from Owner and Owner shall pay to Manager an annual fee of five percent (5%) of gross room rate charge payable in monthly installments.

Fee to Manager. During each term of this Agreement the Owner shall pay Manager a monthly fee for each Facility equal to twenty-five percent (25%) of the increase in profit (or decrease in loss) at the facility as compared to the profit (or loss) at the Facility as of December 31, 1996, but in no event shall such fee be greater than six percent (6%) of gross operating revenues of the Facility for that month. For purpose of calculating such fee, the profit for each Facility for the year ended December 31, 1996 is attached as Exhibit "B", incorporated herein.