Parking Management Fee definition

Parking Management Fee means the fee that will be charged by the selected contractor for providing the services, supplies and equipment outlined below.
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Examples of Parking Management Fee in a sentence

  • Ground Parking Management Fee: × , Underground Parking Management Fee: × .

  • Beginning on July 1st, 2025, the Parking Management Fee will be re-set at a rate calculated by using $17.20 as the rate in 2011 and adjusting that rate by CPI each year from 2012 through 2024.

  • Notwithstanding the foregoing, DEVELOPER and the Town shall meet and review the Parking Plan outlined in Article I hereof annually on the anniversary of the first payment of the Parking Management Fee and every year thereafter for the purposes of making written modifications to this Agreement and the Parking Plan that will meet the mutual needs of DEVELOPER and the Town, including, without limitation, reasonable adjustments in the Parking Management Fee to reflect changes in market conditions.

  • Through December 31st, 2024 (the term of the existing Parking Management Agreement, including renewal periods), the Parking Management Fee will be the fee stated in the existing Parking Management Agreement (which is adjusted annually according to the CPI).

  • This Amendment shall be deemed an amendment of the Investment Agreement in accordance with Section 12(F) of the Investment Agreement.

  • Payments shall be made in arrears as is the case with the Management Fee and the Parking Management Fee payable pursuant to the Midtown Management Agreement and shall be paid by the Purchaser to the Operating Partnership by the fifteenth day of each month commencing in February 2004, but in no event no sooner than five business days after receipt by the Purchaser of the Management Fee and the Parking Management Fee for the applicable month pursuant to the Midtown Management Agreement.

  • The Parking Management Fee will then be adjusted annually thereafter according to the CPI, subject to a cap on the amount of the annual increase of 3% per annum.

  • With the monthly payment, the Purchaser shall provide the Operating Partnership with reasonable evidence of the amount of the Management Fee and Parking Management Fee paid to the Purchaser under the Midtown Management Agreement for the applicable month.