Management and Performance Fees. The Investment Manager will be entitled to a monthly management fee and an annual performance fee. The amount of fees payable will be determined in accordance with the provisions and formula as set out below:
Management and Performance Fees. (a) The Cooperating Respondents shall pay an O&M Management Fee to the Water Entity responsible for each Subproject, as follows: B-5 $79,500; B-6 $73,900; Subarea 1 $68,200; CDWC $57,100; SWS 140 $25,700; and LPVCWD $28,400. The O&M Management Fee shall be paid annually during operation of the respective Project Facility pursuant to the SOW and subject to an annual increase by 2%. The Cooperating Respondents shall pay to SGVWC an O&M Management Fee of $17,200 annually for operation of the B-4 facility until the B-5 and B-6 Subprojects are both fully operational.
Management and Performance Fees. (a) The Manager shall be entitled to receive from the Partnership an asset-based management fee payable in such amounts and at such intervals as the General Partner and the Manager may agree to from time to time.
Management and Performance Fees. Under the New Investment Management Agreement, the Investment Manager will be entitled to a monthly management fee and a performance fee. The amount of fees payable will be determined in accordance with the provisions and formula as set out below:
Management and Performance Fees. (a) The Manager shall be entitled to receive from the Partnership a management fee payable in such amounts and at such intervals as the General Partner and the Manager may agree to from time to time, provided such fees are fully disclosed to the purchaser of Units affected thereby at the time of purchase. The fees charged by the Manager may be greater in respect of one class and/or series of Units than for another class or series of Units and in such regard shall be calculated and deducted from the Net Asset Value of each respective class or series in accordance with subsection 3.2(f). The General Partner must give to the Limited Partners not less than 60 days’ notice of any proposed change to the method of calculation of such fees, if, as a result of such change, such fees will be paid more frequently or could result in increased fees being paid by the Partnership.
Management and Performance Fees. (a) The Company will pay the Adviser a management fee (the “Management Fee”) equal to 1.00% of NAV per annum payable monthly, before giving effect to any accruals for the Management Fee, the Performance Fee, the Stockholder Servicing Fee or any Distributions. The Adviser shall receive the Management Fee as compensation for services rendered hereunder. The Adviser has agreed to waive its Management Fee for the first six months following the Commencement Date.
