Incentive Management Fee. In addition to the Management Fee, RREM shall, on an annual basis, pay to Manager, an Incentive Management Fee equal to thirty percent (30%) of the actual income for each calendar year in excess of 110% of the budgeted income for such calendar year, not to exceed $7,500.
Incentive Management Fee. The Incentive Management Fee defined in Section 3.02 below.
Incentive Management Fee. 20% of available cash flow after payment of Owner’s Priority
Incentive Management Fee. The Incentive Management Fee shall be payable to Manager in quarterly installments in arrears within fifteen (15) days of delivery to Owner of each Quarterly Report with respect to the end of the calendar quarter to which such Incentive Management Fee installment relates. Each installment payment of the Incentive Management Fee shall equal the Incentive Management Fee for the period consisting of the preceding four (4) calendar quarters, less the sum of all prior installment payments of Incentive Management Fee attributable to such period (and subject to any adjustments made in connection with any annual reconciliations undertaken pursuant to Section 3.1.3). At the time of submission of each Quarterly Report, Manager shall provide to Owner a computation of the Incentive Management Fee installment payment in reasonable detail and certified by Manager’s Designated Financial Officer. Any disputes regarding the Incentive Management Fee shall be referred to the Expert for Expert Resolution pursuant to Article XVII.
Incentive Management Fee. In addition to the Base Management Fee, New Propco shall pay FG an “Incentive Management Fee” in an amount equal to 5.0% of New Propco’s EBITDA for the applicable Fiscal Year (or partial fiscal year in the first year of management) to the extent such EBITDA is positive; provided that if EBITDA is negative in any Fiscal Year or partial period, such deficit shall be carried forward and no Incentive Management Fee shall be earned for any period thereafter unless and until, and only to the extent that, cumulative positive EBITDA for such subsequent periods is greater than the amount of cumulative negative EBITDA. Five percent (5%) of New Propco’s monthly EBITDA shall be paid monthly in arrears immediately following delivery of New Propco’s financial statements for each fiscal month as a partial payment on the annual Incentive Management Fee. After the delivery of New Propco’s audited financial statements for each fiscal year, appropriate adjustments shall be made for any overpayment or underpayment of the Incentive Management during such fiscal year on the next monthly installment of Incentive Management Fees due.
Incentive Management Fee. Commencing January 1, 2015, Management Company shall receive fifty percent (50%) of Excess Cash Flow in any given Fiscal Year, subject to a cap of two percent (2%) of total collected Revenues (the “Incentive Management Fee”). The calculation of the Incentive Management Fee shall be measured and paid (if any) each quarter, but reconciled on an annual basis, with a final measurement done within sixty (60) days following the end of each Fiscal Year. Each Fiscal Year’s calculation shall stand alone and not accrue or accumulate from year to year. The amount of Incentive Management Fee to be paid at any quarter during a Fiscal Year will be the Incentive Management Fee earned through the expiration of the previous quarter less any Incentive Management Fee installment previously paid for the Fiscal Year being measured.
Incentive Management Fee. Owner shall pay Manager an annual fee (payable on a monthly basis) equal to five percent (5%) of the Net Cash Flow and Net Capital Proceeds from the Project which, if distributed to the partners of Owner, would not result in a breach or default under any Property Financings or other material agreements with unaffiliated third parties (other than affiliates of Manager) relating to the Property to which Owner is a party, and would not otherwise violate any applicable law.
Incentive Management Fee. In addition to the Base Fee, Resort Owner will pay the Incentive Management Fee to Manager to the extent payable in accordance with this Section 6.2 and the other terms of this Agreement. Concurrently with the delivery to Resort Owner of the Monthly Report for the final month of each Incentive Management Fee Period, Manager will calculate EBITDAM for such Incentive Management Fee Period to determine whether the Incentive Management Fee is payable for such Incentive Management Fee Period, and will promptly deliver notice of such calculation and determination to Resort Owner. The Incentive Management Fee will be payable to Manager within twenty (20) calendar days after Manager delivers such calculation and determination to Resort Owner; provided, however, that Resort Owner may elect, in its commercially reasonably discretion, to defer payment of the Incentive Management Fee until completion of an audit to be performed by an Independent Auditor as long as Resort Owner has a good faith basis to question whether the Incentive Management Fee is payable and such audit is concluded by the date that is sixty (60) days following Resort Owner’s receipt of the Monthly Report for the final month of the applicable Incentive Management Fee Period. The cost of the audit shall be an Operating Expense (but such costs shall be excluded from Operating Expenses solely for the purposes of calculating EBITDAM in connection with determining whether an Incentive Management Fee is payable under this Agreement) unless the audit reveals that Manager overstated EBITDAM by more than four percent (4%), in which case Manager shall pay the cost of the audit from its own funds. If the audited financial statements demonstrate that the Incentive Management Fee is payable to Manager, Resort Owner shall make such payment within five (5) days following Resort Owner’s receipt of the audited financial statements. If the audited financial statements demonstrate that the Incentive Management Fee is not payable to Manager, Resort Owner shall not be required to pay the Incentive Management Fee to Manager. Each Incentive Management Fee Period shall be a non-cumulative, independent test period; accordingly, an Incentive Management Fee could be earned for the First Incentive Management Fee Period but not the Second Incentive Management Fee Period, and visa-versa.
Incentive Management Fee. As additional compensation for its services hereunder, the Advisor shall be paid a fee (the “Incentive Management Fee”), which shall be payable in arrears on a quarterly basis. The Incentive Management Fee shall be determined on a quarterly basis and shall be equal to (i) twenty percent (20%) multiplied by (ii) the positive difference if any, between (1) the Adjusted Funds From Operations for such quarter (before deducting the Incentive Management Fee but after providing for dividends on any preferred equity of Xxxxxxx) and (2) the Quarterly Threshold Amount:
