Common use of Monitoring Fees Clause in Contracts

Monitoring Fees. The Stockholders shall each vote their shares of Common Stock and take such other action as may be reasonably necessary so as to cause an annual monitoring fee in the amount of $250,000 to be paid by Prime Holdings, annually in advance, to Blackstone Management Partners L.P. from the Closing Date through the date on which the option of either of BCP or LGII is exercised pursuant to the Put/Call Agreement.

Appears in 2 contracts

Samples: Stockholders' Agreement (Loewen Group Inc), Stockholders' Agreement (Prime Succession Inc)

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Monitoring Fees. The Stockholders shall each vote their shares of Voting Common Stock and take such other action as may be reasonably necessary so as to cause an annual monitoring fee in the amount of $250,000 to be paid by Prime HoldingsHoldings or one of its subsidiaries, annually in advance, to Blackstone Management Partners L.P. from the Closing Date through the date on which the option of either of BCP or LGII Loewen is exercised pursuant to pursxxxx xo the Put/Call Agreement. Holdings shall reimburse BCP for all of its expenses incurred in monitoring.

Appears in 1 contract

Samples: Stockholders' Agreement (Loewen Group Inc)

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Monitoring Fees. The Stockholders shall each vote their shares of Voting Common Stock and take such other action as may be reasonably necessary so as to cause an annual monitoring fee in the amount of $250,000 to be paid by Prime HoldingsHoldings or one of its subsidiaries, annually in advance, to Blackstone Management Partners L.P. from the Closing Date through the date on which the option of either of BCP or LGII Xxxxxx is exercised pursuant to the Put/Call Agreement. Holdings shall reimburse BCP for all of its expenses incurred in monitoring.

Appears in 1 contract

Samples: Stockholders' Agreement (Rose Hills Co)

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