Common use of Quarterly Statement Clause in Contracts

Quarterly Statement. Within 30 days after the end of each fiscal ------------------- quarter, the Manager shall submit to the Company a quarterly and a cumulative year-to-date Gross Operating Revenues statement indicating the quarterly Management Fee payable and the cumulative year-to-date Management Fee payable to Manager together with appropriate supporting documentation. Each quarterly Management Fee payable hereunder shall be adjusted to reflect any cumulative year-to-date adjustments in Gross Operating Revenues. The Management Fee shall be payable each quarter within 10 days after the Management Fee statement for such quarter has been received by the Company.

Quarterly Statement. Within 30 days after the end of each fiscal ------------------- quarter, the Manager shall submit to the Company a quarterly and a cumulative year-to-date Gross Operating Revenues statement indicating the quarterly Management Fee payable and the cumulative year-to-date Management Fee payable to Manager together with appropriate supporting documentation. Each quarterly Management Fee payable hereunder shall be adjusted to reflect any cumulative year-to-date adjustments in Gross Operating Revenues. The Management Fee shall be payable each quarter within 10 days after the Management Fee statement for such quarter has been received by the Company.