Management Fees and Compensation Sample Clauses

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:
Management Fees and Compensation. Directly or indirectly pay any management, consulting or other similar fees to any person, except legal or consulting fees paid to persons or entities that are not Affiliates of the Borrower or its subsidiaries for services actually rendered and in amounts typically paid by entities engaged in the Borrower’s or such subsidiary’s business.
Management Fees and Compensation. It shall not pay any management, consulting or similar fees to any Affiliate (other than an Obligor or Obligors) or to any officer, director or employee of it or any Affiliate except (i) payment of reasonable compensation and expense reimbursement to officers and employees for actual services rendered to, and expenses incurred for, it in the ordinary course of business, and (ii) payment of directors' fees and reimbursement of actual out- of-pocket expenses incurred in connection with attending board of director meetings not to exceed in the aggregate for the Obligors with respect to all such items US$500,000 in any Fiscal Year provided that no such payment shall be made if a Default or an Event of Default is outstanding or if the making of such payment will result in a Default or an Event of Default.
Management Fees and Compensation. Except as set forth in the DIP Budget, pay any management, consulting or other similar fees to any Person.
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 payment of reasonable compensation to officers and employees for actual services rendered to the Credit Parties and their Subsidiaries in the Ordinary Course of Business.
Management Fees and Compensation. Except as permitted by Section 5.6, Borrower shall not, and shall not permit any of its Subsidiaries to pay any management, consulting or similar fees to any Affiliate of the Borrower or to any officer, director or employee of the Borrower or any of its Subsidiaries or any Affiliate of the Borrower.
Management Fees and Compensation. Directly or indirectly pay any management, consulting or other similar fees to any Person except as provided in Section 5.02(k)(iv) and except for legal or consulting fees paid to Persons listed on Schedule 5.02(l), for services actually rendered and in amounts typically paid by entities engaged in the Borrower’s business;
Management Fees and Compensation. Borrower will not and will not permit any of its Subsidiaries to pay any management, consulting or similar fees to any Affiliate of Borrower or to any director, officer or employee of any Loan Party except as set forth on Schedule 7.11 and only in the amounts set forth thereon. Notwithstanding the foregoing, no payments may be made with respect to any such items set forth on Schedule 7.11 upon the occurrence and during the continuation of a Default or Event of Default.
Management Fees and Compensation. Pay any management, consulting or other similar fees to any Person, except legal or consulting or similar fees paid to Persons for services actually rendered and in amounts typically paid by entities engaged in the Borrower’s or such Subsidiary’s business.
Management Fees and Compensation. The Borrower shall not, and shall -------------------------------- not permit any of its Subsidiaries to pay any management, consulting or similar fees to any Affiliate of the Borrower or to any officer, director or employee of the Borrower or any of its Subsidiaries or any Affiliate of the Borrower except, in each instance to the extent permitted under the Subordinated Note Agreement (a) payment of reasonable compensation to officers and employees for actual services rendered to Borrower and its Subsidiaries in the Ordinary Course of Business, (b) payment of directors' fees and reimbursement of actual out-of- pocket expenses incurred in connection with attending board of director meetings not to exceed in the aggregate, with respect to all such items, $100,000 in any fiscal year of Borrower, (c) payment on the Closing Date of a transaction fee to the WPP Group in the amount of $1,000,000 in the aggregate, (d) a transaction fee to the WPP Group in the amount of one percent of cash equity contributed to Borrower after the Closing Date, payable from such cash equity proceeds and (e) annual management fee to Wind Point Investors, L.L.C. and/or Wind Point Investors IV, L.P., in the aggregate amount of $360,000 payable in equal quarterly installments on the 15th day of each January, April, July and October; provided, however, that no such fees described in clause (e) shall be paid during any period while any Default or Event of Default under subsection 7.1(a) or 7.1(c) (due to any failure by Borrower to perform or observe any term, covenant or agreement contained in Article VI) has occurred and is continuing or would arise as a result of such payment.