Common use of Incentive Management Fee Clause in Contracts

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 Events Proceeds from the Project which are actually distributable to Xxxxxx X. Xxxxxxx III (the "Executive") or any entity owned by the Executive (to the extent of the Executive's ownership in such entity), at Executive's discretion.

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 Events Proceeds from the Project which are actually distributable to Xxxxxx X. Xxxxxxx III (the "Executive") or any entity owned by the Executive (which, if distributed to the extent 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 Executive's ownership in such entity)Property to which Owner is a party, at Executive's discretionand would not otherwise violate any applicable law.