Compensation and Expenses. (a)As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members.
Appears in 40 contracts
Samples: Asset Management Agreement (RSE Collection, LLC), Asset Management Agreement (RSE Collection, LLC), Asset Management Agreement (RSE Collection, LLC)
Compensation and Expenses. (a)As a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members.
Appears in 19 contracts
Samples: Asset Management Agreement (Collectable Sports Assets, LLC), Asset Management Agreement (Collectable Sports Assets, LLC), Asset Management Agreement (Collectable Sports Assets, LLC)
Compensation and Expenses. (a)As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, equal up to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members.
Appears in 12 contracts
Samples: Asset Management Agreement (RSE Innovation, LLC), Asset Management Agreement (RSE Innovation, LLC), Asset Management Agreement (RSE Portfolio, LLC)
Compensation and Expenses. (a)As a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, equal to 5015% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members.
Appears in 4 contracts
Samples: Asset Management Agreement (Ark7 Properties Plus LLC), Asset Management Agreement (Ark7 Properties Plus LLC), Asset Management Agreement (Ark7 Properties Plus LLC)
Compensation and Expenses. (a)As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, equal to 5010% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members.
Appears in 4 contracts
Samples: Series Limited Liability Company Agreement (Ark7 Properties LLC), Series Limited Liability Company Agreement, Asset Management Agreement (Ark7 Properties LLC)
Compensation and Expenses. (a)As a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, equal to 5010% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members.
Appears in 2 contracts
Samples: Asset Management Agreement (Ark7 Properties LLC), Asset Management Agreement (Ark7 Properties LLC)
Compensation and Expenses. (a)As a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, equal up to 5015% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the Series to its Members.
Appears in 1 contract
Samples: Asset Management Agreement (Ark7 Properties Plus LLC)
Compensation and Expenses. (a)As a) As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the each Series will pay an annual asset management fee (the “Asset Management Fee”) to the Asset Manager in respect of each fiscal year, equal to 50% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement. Any such amount will be paid at the same time as, and only if, a distribution is made from the any Series to its Members.
Appears in 1 contract
Samples: Asset Management Agreement (Collectable Sports Assets, LLC)