Manager Payment Sample Clauses
Manager Payment. Subject to Article XII, in the event of a termination of this Agreement by an Owner under Section 9.3, such Owner shall be entitled to recover from Manager any damages, costs, fines or penalties such Owner suffers or incurs as a result of any such termination, including the reasonable costs of mobilizing and training a successor Manager, and such Owner hereby releases Manager from any liability in excess thereof. In calculating such reasonable costs, any savings achieved due to the retention by the successor Manager of any or part of the Facility workforce shall be taken into account.
Manager Payment. Credit Suisse Securities (USA) LLC shall have received the Manager Payment with respect to the Firm Securities and, if applicable, the Optional Securities. The Company will furnish the Representatives with such conformed copies of such opinions, certificates, letters and documents as the Representatives reasonably request. The Representatives may, in their sole discretion, waive on behalf of the Underwriters compliance with any conditions to the obligations of the Underwriters hereunder, whether in respect of an Optional Closing Date or otherwise.
Manager Payment. After payment of all sums due for each month hereunder and all expenses of operation of the Food Hall all of the remaining revenues of the Food Hall shall be payable to Manager.
Manager Payment. By way of final and irrevocable settlement of the Disputes—including any existing or future claims that arise out of Manager’s acts or omissions prior to the date of execution of this Agreement, and arise under the Original CMA and/or Current CMA, whether such claims are asserted or unasserted, and whether such claims are known or unknown—the Parties hereby agree that although the Condominio is responsible for bearing its own costs, Manager will demonstrate its goodwill and commitment to the Condominio by:
(1) Reimbursing the Condominio for 100% of third-party auditor ▇▇▇▇▇▇ ▇▇▇▇▇’▇ forensic work performed in 2023, with such reimbursement to be made in the form of a credit against Management Fees.
(2) Credit of $60,000 against management fees for 2025 for the Additional Forensic Work to be performed in 2024 in accordance with section Third of this Agreement.
(3) Funding $2 million United States Dollars (TWO MILLION U.S. DOLLARS) of the Condominio Deficit (“Manager Contribution”), with such contribution to be made by Manager. Manager agrees to make $1,500,000 million of the Manager Contribution in cash, with the remainder $500,000 to be funded through a credit against management fees. The cash contribution shall be completed by 10 business days after execution of this Agreement. Notwithstanding the foregoing, the form and manner of the contribution is subject to further review by tax consultants to ensure tax efficiency and compliance and is therefore subject to change. Manager Contribution shall be limited to the amount of $2,000,000 United States Dollars (TWO MILLION U.S. DOLLARS), or its equivalent in Mexican pesos as of the date the contribution is made, without regard to the final determination of the Condominio Deficit. For the avoidance of doubt, Manager will not reimburse the Condominio for any work performed by ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, whose fees, if any, will be paid by the Condominio, and allocated to Owners as such costs are ordinarily allocated. The RSC will alone be responsible for determining how to allocate the Manager Contribution to mitigate the Condominio Deficit.