Variable Management Fee definition
Examples of Variable Management Fee in a sentence
In addition, upon making the Termination Payments as provided for in Section 6, the Warrants held by the Investors that are parties hereto shall expire and be canceled and be of no further force or effect.
The Variable Management Fee shall be paid by the Partnership to CST as soon as practicable upon receipt by the General Partner of an invoice from CST setting forth the Variable Management Fee owed by the Partnership to CST.
If requested by the General Partner, CST’s invoice for the Variable Management Fee shall provide reasonably detailed documentation supporting the gallons of motor fuel distributed reflected on such invoice.
The Variable Management Fee shall be paid by the Partnership to LGC as soon as practicable upon receipt by the General Partner of an invoice from LGC setting forth the Variable Management Fee owed by the Partnership to LGC.
The Base Management Fee and the Variable Management Fee are collectively referred to as the “Management Fee.” The Base Management Fee shall be due and payable, in advance, on the first Business Day of each month.
For example, if the City approved an annual operating subsidy of $200,000 and the actual operating subsidy for the fiscal year is $180,000, VENUWORKS would earn a variable incentive fee of $8,000 (calculated as $200,000 approved subsidy, less $180,000 actual subsidy x 40%).The Variable Management Fee for any given year shall not exceed the Base Management Fee for that year.
The Variable Management Fee will be due to VENUWORKS by the 15th day of the second month following the close of the fiscal year in which the Revenues were realized.
The Variable Management Fee shall be paid by the Partnership to LGC as soon as practicable upon receipt by the General Partner of an invoice from LGC setting forth the Variable Management Fee owed by the Partnership to LGC, but in no event later than seven (7) Business Days of receipt by the General Partner of such invoice.
CITY shall pay to VENUWORKS a Variable Management Fee, over and above the Base Management Fee, equal to; 5% of Gross Food & Beverage (F&B) Sales, less taxes and commissions paid to third party concession providers and non‐profit organizations.
The Variable Management Fee will be due to VENUWORKS by the 30th day of the month following the month in which it was invoiced to City and only after the Revenues were realized.