Manager Fees Clause Samples

Manager Fees. During the Term and in consideration for the Manager agreeing to act as Manager, the parties agree that the Company shall pay to the Manager the following fees:

Manager Fees. In respect of each month during the Term Owner agrees to pay to the Manager a fee as specified in each Supplement (the “Management Fee”), in consideration of Manager’s services. The Management Fee shall be payable monthly in arrears with the first payment due on the “Initial Fee Payment Date” in the applicable Supplement and thereafter on the corresponding day of each month thereafter. Management Fees due to Manager will be sent to Manager using the following wire instructions: Beneficiary Name Greenbrier Management Services Bank Bank of America Bank Address Oregon ABA No: 026 009 593 Account No: 00454 229 4574 Upon termination of this Agreement with respect to any Supplement, whether at the end of its Term, in connection with a Termination Event, or otherwise, Manager will receive an administrative fee in the amount of $[***] per Unit per month in lieu of the Management Fee, which will be payable each month thereafter until the reporting marks on the Units are changed to reporting marks not controlled by Manager, or in the case of Owner or third-party reporting marks, until such time as Manager is no longer reflected as the reporting ▇▇▇▇ manager. During any such period Operating Expenses will continue to be payable by Owner as provided under this Agreement and the applicable Supplement, and Manager’s duties hereunder and under the applicable Supplement will be limited to those which must of necessity, as a result of industry rules and procedures, be borne or performed by the party who controls the reporting ▇▇▇▇ on the Units or is designated as the reporting ▇▇▇▇ manager. The Management Fee does not include the Manager Sale Fee applicable to any sale of Units of Equipment, which fee will be payable by Owner at the time of sale. Manager and Owner acknowledge that sale of Equipment requires the approval of the Senior Lenders as contemplated under the Operative Documents.

Manager Fees. (a) The Company covenants and agrees to pay or reimburse the Manager upon its request for such fees, expenses and disbursements as are set forth in the letter agreement between the Company and BSCS XXIII, Inc. dated as of June 21[September __], 2000 ("Manager Fees and Expenses"), except that the Company shall not pay or reimburse the Manager for any expense or disbursement as may arise from the gross negligence, willful misfeasance or bad faith of the Manager and the Person to be indemnified. The Manager agrees that all Manager Fees and Expenses are for the account of the Company and it shall have no lien or claim on the Collateral. Any payment in respect of the Manager Fee and Expenses made by the Company to the Manager shall be from the Company's own funds, without reimbursement from the Collateral. (b) The Manager shall be required to pay all expenses, except as expressly provided herein, incurred by it or its agents in connection with its activities here­under and shall be entitled to reimbursement therefor as provided in this Section 10.7. The Manager shall in no event acquire any claim against the Members by reason of non-receipt of any fees and expenses and the Manager shall continue to perform its obligations hereun­der notwithstanding such non-receipt.

Manager Fees. The Manager shall be entitled to the following fees from each Series: (a) On a quarterly basis beginning on the first quarter end date following the initial closing date of the issuance of Interests in a Series, the Series shall pay the Manager an Asset Management Fee, payable quarterly in arrears, equal to one and twenty-five hundredth percent (1.25%) (5% annualized) of the gross income of the Series’ Assets as of the last day of the immediately preceding quarter. (b) Upon the closing of the acquisition of any Series Asset, the Manager shall receive an Acquisition Fee in an amount up to six percent (6%) of the gross purchase price for such Series Asset, as determined by the Manager in its sole discretion, less any amount received by the Manager or its Affiliates as sales agent or broker commissions for the purchase of the Series Asset. (c) The Manager or its designated Affiliate will receive a Property Management Fee commensurate with market rates for each real property Asset held by a Series for which it provides property management services. (d) The Manager or its designated Affiliate may receive a construction management fee of up to five percent (5%) of the aggregate expenditures in connection with services related to capital improvements of Series Assets. (e) Upon the closing of the sale of any Series Asset, the Manager shall receive a Disposition Fee in an amount up to six percent (6%) of the sale price for such Series Asset, as determined by the Manager in its sole discretion, less any amount received by the Manager or its Affiliates as sales agent or broker commissions for the sale of the Series Asset. (f) Series may retain certain of the Manager’s Affiliates, for services relating to Series Assets or operations of the Company or a Series, including any administrative services, construction, brokerage, leasing, development, financing, title, insurance, property oversight and other asset management services. Any such arrangements will be at market terms and rates, as determined by the Manager

Manager Fees. All fees and other charges and reimbursements due under the Hotel Management Agreement shall be apportioned as of the Apportionment Date.

Manager Fees. The Manager shall be entitled to such fees from each Series as detailed in the Series Designation for each Series. Series may retain certain of the Manager Affiliates, for services relating to Series Assets or operations of the Company or a Series, including any administrative services, construction, brokerage, leasing, development, financing, title, insurance, property oversight and other asset management services. Any such arrangements will be at market terms and rates, as determined by the Manager. The Manager shall be reimbursed by the Company or Series, as applicable, for any expenses incurred by the Manager on behalf of the foregoing.

Manager Fees. The Fund shall be responsible for all fees and costs associated with RHCTF Fund assets and investments, including manager fees of its Fund managers. The Retirement System cannot guarantee that the Fund managers will charge the Fund the same manager fee as they charge the Retirement System for investment in the passive funds under this MOU.