Manager Fees. The Manager shall be reimbursed for all reasonable expenses incurred in managing the Company and carrying out its duties hereunder. Notwithstanding anything herein to the contrary, the Manager or its Affiliate shall receive compensation in the form of: (i) an acquisition fee in the amount of $125,000, in consideration for the Manager’s or its Affiliate’s services in connection with locating, evaluating, negotiating, structuring and documenting the Company’s investment in PropCo; (ii) a $25,000 per year asset management fee for five years, payable in advance, in consideration for the Manager’s or its Affiliate’s management services in connection with managing the business of the Company and the operation and holding of the Company’s assets; and (iii) up to a $140,000 selling costs fee up for the Manager’s Affiliate’s services as a registered representative of the Company’s placement agent. Except as otherwise provided, the salaries and other compensation of the Manager, if any, shall be fixed from time to time by a Majority Vote of the Members. No Manager shall be prevented from receiving such compensation set forth under this Section 5.11 by reason of the fact that he is also a Member of the Company.
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 xxxx 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 xxxx on the Units or is designated as the reporting xxxx 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.
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.
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 the following fees from each Series:
