MANAGEMENT FEE AND REIMBURSEMENT Sample Clauses

MANAGEMENT FEE AND REIMBURSEMENT. Weatherford will prepare and submit to Grant Prideco a monthly statement of account and invoice setting forth in reasonable detail the amounts owed by Grant Prideco for the Services pursuant to this Agreement for the immediately preceding month and the method and basis of their calculation. In consideration for Weatxxxxxxx'x xxxeement to provide and administer the Services under this Agreement, Grant Prideco also agrees to pay to Weatherford a management fee equal to 10% of the total amount of the proportional amount of the costs and expenses of the various Weatherford departments allocated to Grant Prideco. Such management fee shall be added to each monthly statement of account and invoice sent to Grant Prideco. Grant Prideco agrees to pay to Weatherford, by wire transfer in immediately available U.S. funds, all amounts owed and due under this Agreement within 30 days of receipt of such monthly statement of account and invoice. Interest at the rate of 10% per annum, compounded monthly, will accrue and will be payable with respect to any amounts due and not paid by Grant Prideco until such amounts, and any interest thereon, have been paid.
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MANAGEMENT FEE AND REIMBURSEMENT. Weatherford will prepare and submit to Grant Prideco a monthly statement of account and invoice setting forth in reasonable detail the amounts owed by Grant Prideco for the Services pursuant to this Agreement for the immediately preceding month. In consideration for Weatxxxxxxx'x xxxeement to provide and administer the Services under this Agreement, Grant Prideco also agrees to pay to Weatherford a management fee equal to ten percent (10%) of the total amount of the Services. Such management fee shall be added to each monthly statement of account and invoice sent to Grant Prideco. Grant Prideco agrees to pay to Weatherford, by wire transfer in immediately available U.S. funds, all amounts owed and due under this Agreement within 30 days of receipt of such monthly statement of account and invoice. Interest at the rate of 10% per annum, compounded monthly, will accrue and will be payable with respect to any amounts due and not paid by Grant Prideco until such amounts, and any interest thereon, have been paid.
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Related to MANAGEMENT FEE AND REIMBURSEMENT

  • Management Fees (a) In consideration of the services provided by the Investment Manager, each class of a Fund shall pay to the Investment Manager a management fee that is calculated as described in this Section 6 using the fee schedules described herein.

  • Fees, Expenses and Reimbursement (a) So long as the Administrator provides Administrative Services to the Company, it shall be entitled to receive reasonable and customary fees for such services as well as out-of-pocket expenses as may be agreed to by the Administrator and the Company pursuant to a separate written agreement.

  • Property Management Fee For its services in managing the day-to-day operations of the Property in accordance with the terms of this Agreement, Company shall pay to Property Manager an annual property management fee (the “Property Management Fee”) equal to 4.0% of the Gross Revenue (as hereinafter defined). The Property Management Fee shall be prorated for any partial year and shall be payable in equal monthly installments, in advance. The Property Management Fee shall be payable on the first day of each month from the Operating Account or from other funds timely provided by the Company. Upon the expiration or earlier termination of this Agreement, the parties will prorate the Property Management Fee on a daily basis to the effective date of such expiration or termination. For purposes of this Agreement, the term “Gross Revenue” shall mean all gross collections from the operations of the Property, including, without limitation, rental receipts, late fees, application fees, pet fees, damages, lease buy-out payments, reimbursements by Tenants for common area expenses, operating expenses and taxes and similar pass-through obligations paid by Tenants, but shall expressly exclude (i) security deposits received from Tenants and interest accrued thereon for the benefit of the Tenants until such deposits or interest are included in the taxable income of the Company; (ii) advance rents (but not lease buy-out payments) until the month in which payments are to apply as rental income; (iii) reimbursements by Tenants for work done for a particular Tenant; (iv) proceeds from the sale or other disposition of all or any portion of the Property; (v) insurance proceeds received by the Company as a result of any insured loss (except proceeds from rent insurance or the excess of insurance proceeds for repairs over the actual costs of such repairs); (vi) condemnation proceeds not attributable to rent; (vii) capital contributions made by the Company; (viii) proceeds from capital, financing and any other transactions not in the ordinary course of the operation of the Property; (ix) income derived from interest on investments or otherwise; (x) abatement of taxes, awards arising out of takings by eminent domain and discounts and dividends on insurance policies; and (xi) rental concessions not paid by third parties.

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • Expense Payments and Reimbursements The Bank will reimburse Executive for all reasonable out-of-pocket business expenses incurred in connection with his services under this Agreement upon substantiation of such expenses in accordance with applicable policies of the Bank.

  • Expense Reimbursements To the extent that any reimbursements payable pursuant to this Agreement are subject to the provisions of Section 409A of the Code, any such reimbursements payable to Executive pursuant to this Agreement shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit.

  • Compensation and Expense Reimbursement A. Client will pay the Company, as compensation for the services provided for in this Agreement and as reimbursement for expenses incurred by Company on Client's behalf, in the manner set forth in Schedule A annexed to this Agreement which Schedule is incorporated herein by reference.

  • Compensation and Reimbursement The Company agrees:

  • Management Fees and Compensation No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any Credit Party or to any officer, director or employee of any Credit Party or any Affiliate of any Credit Party except:

  • Expenses Reimbursement State Street shall be entitled to receive from the Fund on demand reimbursement for its cash disbursements, expenses and charges, excluding salaries and usual overhead expenses, as set forth in Schedule A.

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