Oversight Fee. The Company shall pay Manager an oversight fee in an amount equal to 20/100ths of one percent (0.20%) of Gross Revenues (the “Oversight Fee”) on a monthly basis from rental income received from the Properties over the term of this Agreement. In consideration for the Oversight Fee, the Manager agrees to provide oversight over the Company’s portfolio of Properties, coordinate matters that arise from the Company holding Properties in multiple jurisdictions, and provide certain accounting and tax support for the Company with respect to its portfolio of Properties (the “Oversight Services”).
Appears in 2 contracts
Sources: Master Property Management and Leasing Agreement (Global Growth Trust, Inc.), Master Property Management and Leasing Agreement (Global Income Trust, Inc.)