Management Term definition

Management Term means a term of two (2) years commencing on the date hereof, unless sooner

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Management Term as defined in Section 3.1 hereof.

Management Term means from the date of this Agreement until such time as the Management Agreement expires or is terminated by either Licensee and/or Manager, pursuant to the terms and conditions of the Management Agreement.

Examples of Management Term in a sentence

Client hereby engages Legends to (i) provide the Pre-Opening Advisory Services during the Pre-Opening Period, and (ii) operate and manage the Venue during the Management Term, upon the terms and conditions hereinafter set forth, and Legends hereby accepts such engagement.
As base compensation to Legends for providing the services herein specified during the Management Term, Client shall pay Legends during the Management Term an annual fee equal to the greater of (a) [***] Dollars ($[***]) or (b) [***] percent ([***]%) of Adjusted Gross Income (the “Base Management Fee”).
Upon the conclusion of each month of every Fiscal Year during the Management Term, Legends shall be entitled to receive a fee equal to [***] percent ([***]%) of the resulting amount of the Included F&B Revenue, less the F&B Operating Expenses generated from Food and Beverage Services for events at the Venue during such month (the resulting amount, the “Net F&B Commission” and, together with the Gross F&B Commission, the “F&B Commissions”).
Upon the conclusion of each month of every Fiscal Year during the Management Term, Legends shall be entitled to receive a fee equal to [***] percent ([***]%) of the F&B Operating Revenues generated from Food and Beverage Services for events at the Venue during such month (the “Included F&B Revenue” and, the resulting amount the “Gross F&B Commission”).
The F&B Commissions as described in Sections 4.4(a) and 4.4(b) above shall be distributed to Legends within thirty (30) days after the end of each month during the Management Term, the amount of which shall be based on an invoice from Legends setting forth the Included F&B Revenue and the F&B Operating Expenses for such period, and the calculation of the F&B Commissions.

More Definitions of Management Term

Management Term has the meaning set forth in the RemainCo Railcar Management Agreement.

Management Term has the meaning set forth in Section 9. t) ROW has the meaning set forth in Section 4.3.

Management Term means the period from the date hereof and expiring on the first to occur of: (i) December 31, 2025, or (ii) the termination or expiration of the Term pursuant to the First Supplement., provided that upon mutual agreement of the Parties, the Management Term may be extended.

Management Term means the period during which the Operator manages --------------- the Business under the provisions of this Agreement, which period shall commence on February 1, 2000, and shall end on July 30, 2000, unless the parties hereto agree to extend the Management Term as provided in Section 9.2.

Management Term. Refers to the length of time this agreement is to be in force between the Owner and ▇▇▇▇▇ Street. The initial Management Term listed is notwithstanding any renewal that may be triggered by this agreement. • Maintenance Threshold: Refers to the dollar amount threshold above which prior authorization from Owner is required for ▇▇▇▇▇ Street to make any repair. This does not include turnover expenses or inspection repair expenses. • Maintenance Reserve: Refers to the dollar amount held by ▇▇▇▇▇ Street at all times to cover expenses at the end of the Management term.

Management Term is defined in Section 4.1 of this Agreement.

Management Term means the term of this Management Agreement beginning on the Interim Determination Date and terminating in accordance with Section 9.