Management Fee and Expenses. (a) The Owners shall pay to the Managers an annual management fee as stated in Box 14 for their services as Managers under this Agreement, which shall be payable in equal monthly instalments in advance, the first instalment (pro rata if appropriate) being payable on the commencement of this Agreement (see Clause 2 (Commencement and Appointment) and Box 2) and subsequent instalments being payable at the beginning of every calendar month. The management fee shall be payable to the Managers’ nominated account stated in Box 15.
Management Fee and Expenses. The Adviser will be paid a quarterly management fee (the "Management Fee") for its investment advisory services provided hereunder, determined in accordance with Schedule C to this Agreement. During the term of this Agreement, the Management Fee shall be billed and payable in arrears on a quarterly basis within 10 days after the last day of each calendar quarter based upon the value of the Investment Accounts as of the last day of the immediately preceding calendar quarter. The Management Fee shall be pro-rated for any partial quarter. It is understood that, in the event that the Management Fee is to be paid by the custodian out of the Investment Accounts, OneBeacon or the Clients will provide written authorization to the custodian to pay the Management Fee directly from the Investment Accounts.
Management Fee and Expenses. (a) The Owners shall pay to the Managers a daily management fee as stated in Box 14 for their services as Managers under this Agreement, which shall be due and payable in monthly instalments in advance, the first instalment (pro rata if appropriate) being due and payable on the date of delivery of the Vessel to the Owners and subsequent instalments being due and payable every first New York banking day of every calendar month. The management fee shall be payable to the Managers’ nominated account stated in Box 15.
Management Fee and Expenses. During the term of this Agreement, Tortoise shall pay to the Manager, for services rendered under this Agreement, an amount equal to ten percent (10%) of the base management fee paid quarterly to Tortoise by the Company pursuant to the Client Agreement; provided, however, that no such fee shall be payable by Tortoise to the Manager until the “Total Assets” initially exceed $75,000,000 as of the end of that particular fiscal quarter. The term “Total Assets” means the total assets of the Company (including any assets purchased with any borrowed funds). The management fee for each fiscal quarter shall be calculated and paid in arrears within thirty days of the end of each fiscal quarter. In case of the initiation or termination of this Agreement during any fiscal quarter, the management fee for that quarter shall be reduced proportionately on the basis of the number of calendar days during which this Agreement is in effect. In addition to payment of any management fee, the Manager shall be reimbursed on a quarterly basis for all out-of-pocket expenses reasonably incurred by the Manager in providing the Designated Services. The Manager shall submit to Tortoise an itemized list within fifteen days after the end of each fiscal quarter reflecting the items as to which the Manager anticipates reimbursement. Unless any request for reimbursement is disputed by Tortoise in good faith, Tortoise shall reimburse the Manager for all such itemized expenses within fifteen days after the receipt by Tortoise of the list of such expenses. In the event of a dispute, the parties shall negotiate in good faith to resolve such dispute promptly.
Management Fee and Expenses. (a) The Partnership shall enter into the Management Agreement and shall cause the Partners (other than the General Partner and its Affiliates) to pay the Management Fee (together with Value Added Tax to the extent applicable under Israeli law) to the Partnership for payment to the Fund Manager as set forth below.
Management Fee and Expenses. (a) The Company shall pay WSI for the services performed by Whitxxx xxx other WSI personnel under this Agreement a fee at the annual rate of $275,000 (the "Management Fee"). The Management Fee shall be paid in equal monthly installments of $22,916.67 payable in arrears on the fifteenth day of each calendar month during the Initial Term and any Renewal Term, provided that until July 1, 1996, $12,500.00 of each monthly installment shall accrue and be paid on the closing by the Company of an initial public offering, with interest at the rate of 7% per annum compounded [quarterly] from the respective dates accrued until paid, and provided further that the Management Fee for periods after July 1, 1996 shall continue to accrue and be paid as provided above if the conditions precedent to the Round Three closing set forth in section 5(c) of the Subscription Agreement dated as of March 14, 1995 among the Company and the other parties listed therein have not been met.
Management Fee and Expenses. (a) The Advisor will be paid a quarterly fee for its services, including the Portfolio Management Services, provided hereunder (the “Management Fee”, determined in accordance with Schedule A to this Agreement. During the term of this Agreement, the Management Fee shall be billed and payable in arrears on a quarterly basis within 10 days after the last day of each calendar quarter based upon the book value of the Investment Account, and, with respect to the Portfolio Management Services, the book value of the net assets of the Aggregate Investment Account, as of the last day of the immediately preceding calendar quarter. The Management Fee shall be pro-rated for any partial quarter. It is understood that, in the event that the Management Fee is to be billed and payable by the custodian out of the Investment Account, or, with respect to the Portfolio Management Services, the Agreement Investment Account, the Client will provide written authorization to the custodian to pay the Management Fee directly from the Investment Account, or, with respect to the Portfolio Management Services, the Aggregate Investment Account.
Management Fee and Expenses. (a) The Advisor will be paid a quarterly fee for its investment advisory services, including the Portfolio Management Services, provided hereunder, (the “Management Fee”), determined in accordance with Schedule A to the Agreement. During the term of this Agreement, the Management Fee shall be billed and payable in arrears on a quarterly basis within 30 days after the last day of each calendar quarter based upon the value of the Investment Account, as defined herein, and, with respect to the Portfolio Management Services, the value of the net assets, as defined herein, of the Aggregate Investment Account, as of the last day of the immediately preceding calendar quarter. The Management Fee shall be pro-rated for any partial quarter. Capital inflows and outflows during a quarter result in an adjustment to the value of assets under management that serves as the base of the Management Fee. This adjustment has the effect of time-weighting capital flows in the account resulting in the Management Fee being properly charged for only the period of time such assets are actually managed by the Advisor. It is understood that, in the event that the Management Fee is to be paid by the custodian out of the Investment Account, or, with respect to the Portfolio Management Services, the Aggregate Investment Account, the Client will provide written authorization to the custodian to pay the Management Fee directly from the Investment Account, or with respect to the Portfolio Management Services, the Aggregate Investment Account.
Management Fee and Expenses. Buyer will not be paid a fee during the Pre-Takeover Period. The Seller shall reimburse the Buyer for all reasonable costs and expenses directly incurred in performing the Services.
Management Fee and Expenses. The General Partner shall receive the sum of Ten Thousand Dollars ($10,000) per year for each of the first five (5) fiscal years of the Partnership; then the sum of Twenty Thousand Dollars ($20,000) per fiscal year thereafter. The Management Fee shall be payable at such time and in such manner during each fiscal year as the General Partner shall determine in the reasonable exercise of its business judgement. Such sum shall serve to compensate the General Partner for managing the Partnership's business, including without limitation: [i] purchasing securities and assets of all forms to be added to, and selling securities and assets of all forms which would be removed from, the Property; [ii] engaging the services of others to perform maintenance and repair of the Property as required, the cost of such services to be paid by the Partnership; [iii] engaging the services of others to assist with record keeping, payment of obligations and similar administrative requirements of the Partnership, the cost of such services to be paid by the Partnership. Any other provision herein to the contrary notwithstanding, the General Partner shall not be obligated to pay out of its management fee any Partnership expenses. The management fees shall be paid to the General Partner in exchange for its time, knowledge and skills only. 15.12
