Time of Payment of Management Fee Sample Clauses

Time of Payment of Management Fee. The Base Payment will be paid by the Owner to the Manager on the 15th day of each month for such month. The Owner hereby authorizes the Manager to pay itself the Base Payment, monthly, from any and all operating accounts, including, but not limited to the Business Operating Account(s). The Incentive Fee shall be payable from the Business Operating Account(s) within thirty (30) days of the delivery of the audited Financial Statements for the Fiscal Year as to which such Incentive Fee is payable.
Sample 1
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Time of Payment of Management Fee. All out-of-pocket costs and --------------------------------- expenses incurred by Manager shall be invoiced to Owner and Owner shall pay these amounts to Manager within ten days. The fee described in (a) above shall be paid from Owner to Manager on the fifth (5th) day of each month, for the preceding month. That portion of the Management Fee based upon EBITDA shall be paid thirty (30) days after the last day of each calendar month. The aggregate of the Management Fees so paid monthly shall be adjusted quarterly, and an annual adjustment shall be made within ninety (90) days of the end of each Fiscal Year. A partial Fiscal Year at the beginning and end of this Agreement shall be treated as an Fiscal Year for purposes of this Section 4.3. Owner hereby authorizes Manager to pay itself the monthly Management Fee due from the Bank Accounts. Owner shall pay all applicable taxes or fees on the Management Fee. For the last month of the term of this Agreement, Owner shall pay Manager the Management Fee directly. The fee in 4.2.(c) shall not take into account any losses carried forward from any prior financial year.
Sample 1
Time of Payment of Management Fee. (a) With respect to the Management Fee payable pursuant to Sections 3.1(a)(i) and (ii), such Management Fee shall be paid by each Owner to Manager on a monthly basis, on the first day of each calendar month with respect to Management Services performed during the preceding calendar month. The Management Fee shall be prorated with respect to any partial period. Each Owner hereby authorizes Manager to pay Manager the Management Fee, monthly, from the Account established in accordance with this Agreement with respect to such Owner’s applicable Casino Operation.
Sample 1
Time of Payment of Management Fee. The Management Fee will be paid by the tenth day of each month, for the preceding month, based on the preceding month's Gross Revenues multiplied by a percentage determined by dividing the $500,364 annual Management Fee by budgeted annual Gross Revenues for the fiscal year as set forth in the Budget, which total Management Fees paid in any fiscal year shall not exceed the applicable amount described in Paragraph 4.1 above; provided that the Management Fee payable for the period commencing with the date hereof and ending June 30, 1997 shall be paid in equal monthly installments. The Owner hereby authorizes the Manager to pay itself the Management Fee, monthly, from the Operating Account. The aggregate of the Management Fees so paid monthly, shall be reconciled annually between the Owner and the Manager, based upon the Annual Statements referred to in Paragraph 3.10 hereof and within 30 days of the rendition of each Annual Statement for the prior fiscal year and appropriate payments or refunds shall be paid.
Sample 1
Time of Payment of Management Fee. The Management Fee shall be paid by Owner to Manager on the first day of each calendar month, for the preceding calendar month. Owner hereby authorizes Manager to pay itself the Management Fee, monthly, from the Operating Account. The aggregate of the Management Fee paid monthly shall also be adjusted annually between Owner and Manager based upon the Annual Statements within thirty (30) days of the rendition of each Annual Statement for the prior Fiscal Year.
Sample 1
Time of Payment of Management Fee. All out-of-pocket costs and expenses incurred by Manager shall be invoiced to Owner and Owner shall pay these amounts to Manager within ten days. The fee described in 4.2. above shall be paid from Owner to Manager on the fifth (5th) day of each month, for the preceding month. The aggregate of the Management Fees so paid monthly shall be adjusted within 120 (one hundred and twenty) days of the end of each Fiscal Year. A partial Fiscal Year at the beginning and end of this Agreement shall be treated as a Fiscal Year for purposes of this Section 4.3. Owner hereby authorizes Manager to pay itself the monthly Management Fee due from the Bank Accounts. Owner shall pay all applicable taxes or fees on the Management Fee. For the last month of the term of this Agreement, Owner shall pay Manager the Management Fee directly. The fee in 4.2.2. shall not take into account any losses carried forward from any prior financial year and shall not take paid or payable management fees into account.
Sample 1

Related to Time of Payment of Management Fee

  • Payment of Management Fee To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Practice hereby expressly authorizes Professional Business Manager to make withdrawals of the Management Fee from the Professional Practice Account as such fee becomes due and payable during the Term in accordance with Section 3.10(a) and after termination as provided in Section 6.3. Professional Business Manager shall deliver to the Practice an invoice for the Management Fee accompanied by a reasonably detailed statement of the information upon which the Management Fee calculation is based.

  • Time of Payment Any Gross-Up Payment provided for herein shall be paid not later than the 30th day following the payment of any compensation or the provision of any benefit which causes such payment to be made; provided, however, that if the amount of such payment cannot be finally determined on or before such day, the Company shall pay on such day an estimate of the minimum amount of such payment and shall pay the remainder of such payment (together with interest calculated in a manner similar to that described in Subparagraph (b)) as soon as the amount thereof can be determined. In the event that the amount of an estimated payment exceeds the amount subsequently determined to have been due, such excess shall constitute a loan by the Company to the Executive, payable on the 30th day after demand by the Company (together with interest calculated in a manner similar to that described in Subparagraph (b)).

  • Time of Payments Provided that the conditions of paragraph 7 (relating to waiver and release) have been satisfied, payments pursuant to subparagraphs 4(a) and 4(b) shall be paid no later than March 15th of the calendar year following the calendar year in which the Executive’s Termination Date occurs or at such earlier date as may apply in accordance with the following:

  • Treatment of Payment as Made on Designated Payment Date Solely for purposes of determining compliance with Code Section 409A, any payment under this Agreement made after the required payment date shall be deemed made on the required payment date provided that such payment is made by the latest of: (i) the end of the calendar year in which the payment is due; (ii) the 15th day of the third calendar month following the payment due date; (iii) if Employer cannot calculate the payment amount on account of administrative impracticality which is beyond the Executive’s control, the end of the first calendar year which payment calculation is practicable; and (iv) if Employer does not have sufficient funds to make the payment without jeopardizing the Employer’s solvency, in the first calendar year in which the Employer’s funds are sufficient to make the payment.

  • Investment Management Fee For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the monthly management fee rate (including performance adjustments, if any) that the Portfolio is obligated to pay the Advisor under its Management Contract with the Advisor, multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month. If in any fiscal year the aggregate expenses of the Portfolio exceed any applicable expense limitation imposed by any state or federal securities laws or regulations, and the Advisor waives all or a portion of its management fee or reimburses the Portfolio for expenses to the extent required to satisfy such limitation, the Investment Management Fee paid to the Sub-Advisor will be reduced by 50% of the amount of such waivers or reimbursements multiplied by the fraction determined in (ii). If the Sub-Advisor reduces its fees to reflect such waivers or reimbursements and the Advisor subsequently recovers all or any portion of such waivers and reimbursements, then the Sub-Advisor shall be entitled to receive from the Advisor a proportionate share of the amount recovered. To the extent that waivers and reimbursements by the Advisor required by such limitations are in excess of the Advisor's management fee, the Investment Management Fee paid to the Sub-Advisor will be reduced to zero for that month, but in no event shall the Sub-Advisor be required to reimburse the Advisor for all or a portion of such excess reimbursements.

  • Monthly Management Fee Payment On the first business day of each month, each class of each Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month.

  • TIME OF PAYMENT OF ACCRUED BENEFIT Unless, pursuant to Section 6.03, the Participant or the Beneficiary elects in writing to a different time or method of payment, the Advisory Committee will direct the Trustee to commence distribution of a Participant's Nonforfeitable Accrued Benefit in accordance with this Section 6.01. A Participant must consent, in writing, to any distribution required under this Section 6.01 if the present value of the Participant's Nonforfeitable Accrued Benefit, at the time of the distribution to the Participant, exceeds $3,500 and the Participant has not attained the later of Normal Retirement Age or age 62. Furthermore, the Participant's spouse also must consent, in writing, to any distribution, for which Section 6.04 requires the spouse's consent. For all purposes of this Article VI, the term "annuity starting date" means the first day of the first period for which the Plan pays an amount as an annuity or in any other form. A distribution date under this Article VI, unless otherwise specified within the Plan, is the date or dates the Employer specifies in the Adoption Agreement, or as soon as administratively practicable following that distribution date. For purposes of the consent requirements under this Article VI, if the present value of the Participant's Nonforfeitable Accrued Benefit, at the time of any distribution, exceeds $3,500, the Advisory Committee must treat that present value as exceeding $3,500 for purposes of all subsequent Plan distributions to the Participant.

  • Receipt of Management Fees Property Manager will not be obligated to return or refund to Lender any Management Fees or other fee, commission or other amount received by Property Manager prior to the occurrence of the Event of Default, and to which Property Manager was entitled under the Management Agreement. If the Property Manager receives any Management Fees after it has received notice of an Event of Default, Property Manager agrees that such Management Fees will be received and held in trust for Lender, to be applied by Lender to amounts due under the Loan Documents.

  • Date of Payment Should the principal of or interest on the Notes become due and payable on other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and in the case of principal, interest shall be payable thereon at the rate per annum specified in the Notes during such extension.

  • Netting of Payments Subparagraph (ii) of Section 2(c) of this Agreement will apply to all Transactions (in each case starting from the date of this Agreement).

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