Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That:
Manager’s Remuneration. The annual remuneration of the Manager for the performance of its duties hereunder shall be 10% of the total annual expenditure costs and charges (excluding the Manager’s remuneration and any capital expenditure or expenditure drawn out of the Special Fund) reasonably and necessarily incurred in the management of the Lot and the Development or any portion of the Lot and the Development. The Manager’s remuneration shall be the net remuneration of the Manager for its services as Manager and shall not include the costs, expenses and fees for any staff, facilities, legal, professional, accounting and administration services and all disbursements and out-of-pocket expenses properly incurred in the course of carrying out its duties hereunder which said costs, expenses, fees and disbursements shall be a direct charge on the management funds. Payment of the Manager’s remuneration hereunder shall be in advance by twelve equal calendar monthly instalments each such payment to be in the sum of one twelfth of the annual remuneration of the Manager being 10% of the estimated total annual expenditure for the management of the Lot and the Development (excluding the Manager’s remuneration and the capital expenditure as aforesaid) payable by the Owners according to the annual budget or revised budget for the year in question to be prepared as provided in Clauses 14 to 16 hereof and any adjustment payment or deduction that needs to be made to bring the amount paid to the Manager by way of remuneration for the year in question to the correct amount for such year will be made within twenty-one (21) days from the completion of the auditing of the management accounts for such year as provided in Clause 35 hereof Provided always that by a resolution of Owners at an Owners’ meeting convened under this Deed, any capital expenditure or expenditure drawn out of the Special Fund may be included for calculating the Manager’s remuneration at the rate as provided under this Clause, or at such lower rate as the Owners may consider appropriate. No variation of the percentage of the annual remuneration of the Manager may be made except with the approval by a resolution of Owners duly passed at a meeting of Owners convened under this Deed.
Manager’s Remuneration. 6.3.1 The Manager (other than the Owners' Committee when acting as Manager) for the performance of its duties herein shall be paid by way of remuneration an amount not exceeding the rate of 20% of the total annual Management Expenses necessarily and reasonably incurred in the course of its management of the Estate. No variation of the percentage of 20% may be made except with the approval by a resolution of Owners at an Owners’ meeting convened under this Deed.
Manager’s Remuneration. (a) The Manager’s annual remuneration for the performance of its duties hereunder shall be fifteen per cent (15%) of the total annual Management Expenses (excluding (i) the Manager’s remuneration and (ii) expenditure of a capital nature or expenditure drawn or to be drawn out of the Special Fund, in this Clause, ("capital expenditure"), PROVIDED THAT by a resolution of Owners passed at a meeting of the Owners convened under this Deed, any capital expenditure may be included for calculating the Manager’s remuneration at the aforesaid percentage or at such lower rate as considered appropriate by the Owners) reasonably and necessarily incurred for the proper and efficient management of the Land and the Building.
Manager’s Remuneration. 100. The Manager's Remuneration shall be ten percent (10%) per annum (which percentage may not be varied except with the approval by a resolution of the Owners at meetings of the Owners convened under this Deed) of the total annual management expenditure of the Land and the Development (excluding the Manager’s Remuneration itself and any capital expenditure and any expenditure drawn out of the Special Fund as referred to in Clause 111) necessarily and reasonably incurred in the management of the Land and the Development provided that, by a resolution of the Owners at an Owners’ meeting convened under this Deed, any capital expenditure or expenditure drawn out of the Special Fund may be included for calculating the Manager’s Remuneration at the rate applicable under this clause or at such lower rate as considered appropriate by the Owners. Payment of the Manager's Remuneration shall be in advance in the manner as shall be determined by the Manager. Any over-payment of the Manager's Remuneration in the year in question shall be refunded and be paid by the Manager into the management fund within 21 days of the completion of the auditing of the annual accounts for such year as provided under Clause 126 and any adjustment payment that needs to be made by the Owners to bring the amount paid to the Manager by way of remuneration for the year in question to the correct amount for such year, calculated in accordance with the first sentence of this clause, shall likewise be made within 21 days of the completion of the auditing of the annual accounts for such year.
Manager’s Remuneration. Remuneration of Manager (1) The Manager's Remuneration being the sum equivalent to 10% of the total expenses costs and charges per annum necessarily and reasonably incurred in the course of proper and efficient management of the Development (the total expenses costs and charges, for the purposes of this sub-clause, shall exclude the Manager's Remuneration, any capital expenditure and expenditure drawn out of the Special Fund as described in Clause (10) of Subsection (D) of Section V hereof provided that by a resolution of the Owners at an Owner’s meeting convened under this Deed, any capital expenditure or expenditure drawn out of the Special Fund may be included for calculating the Manager's Remuneration at the rate of 10% or at such lower rate as considered appropriate by the Owners) shall be payable by way of equal monthly payments in advance. No variation of the percentage above may be made except with the approval by a resolution of Owners at an Owners’ meeting convened under this Deed. The amount for such monthly payments shall be estimated by the Manager with adjustments to be made at the end of each financial year when the final annual Management Expenses are ascertained. For the purpose of this Clause, capital expenditure shall mean expenditure of a kind not expected by the Manager to be incurred annually. Manager's Remuneration exclusive of disbursements (2) The Manager's Remuneration shall not be subject to any requirement by the Manager to disburse or provide from such money such staff referred to in Clause 1(ag) of Subsection (B) of Section V hereof, but not further or otherwise, facilities, accountancy services, or other professional supervision the cost for which shall be a direct charge upon the Management Funds.
Manager’s Remuneration. The Owner shall pay the Manager the fees indicated on page 1 and the following fees for the Manager’s services. These fees may be deducted from the rent received with respect to the Property. In case of insufficient funds to pay the aforementioned fees from the rental income, the Owner shall pay to the Manager any amount outstanding within 30 days upon notification of the Manager;
Manager’s Remuneration. Remuneration of Manager
Manager’s Remuneration. In consideration of the hereinbefore mentioned services provided by the Manager, the Owner agrees to pay the Manager a fixed lump sum fee monthly in advance commencing from the date on which the Manager assumes the management of the Vessel, as per the Owner's instructions. Thereafter, payment shall be made on the same date of each subsequent month so long as the Agreement shall remain in force. The amount of the lurnpsum fee shall be agreed upon and shall be set out in Schedule 1 attached hereto. It is agreed that at the commencement of the agreement, the Owners shall provide the Managers with a bank guarantee equivalent to two (2) months lump sum fee, which guarantee the Managers shall be entitled to call upon in the event of non-receipt of the monthly lump sum fee payment at the stipulated time. The Manager shall submit a draft budget to the Owner three months before the commencement of any renewal of this Agreement, for the Owners approval. The Manager shall be entitled to treat the said proposed budget as approved if the Owner fails to reply within thirty days of receipt of the said budget.
Manager’s Remuneration evidence satisfactory to the Agent that all sums due and owing by the relevant Vessel Owner to the relevant Existing Manager under the relevant Existing Management Agreement in respect of Manager’s remuneration for the relevant Vessel has been or will be paid in full and that the relevant Existing Manager has no claims of whatsoever nature either against the relevant Vessel or the relevant Vessel Owner;
