Payments to the Manager. The Manager shall not be entitled to any ----------------------- compensation for its services as Manager, but shall be reimbursed by the Company for any reasonable out-of-pocket expenses incurred by the Manager on behalf of the Company.
Payments to the Manager. The Manager may receive compensation for performing management duties, in such amounts as are determined in good faith by the Manager to be reasonable under the circumstances. Manager shall also be entitled to reimbursement of Manager’s reasonable out-of-pocket expenses in connection with the performance of management duties.
Payments to the Manager. Owner shall pay to the Managers all amounts due to such Manager under this Agreement in the manner and at the times described in this Agreement.
Payments to the Manager. On or before the first day of each quarterly period, each Service Entity shall pay to the Manager in advance the projected amount of Allocable Overhead Costs that will be owed by such Service Entity for such quarterly period, which projection shall be based on the amount set forth in the Budget and with the allocation determined pursuant to Section 10(b) for such quarterly period (but which may be adjusted by such amounts as the Parties may mutually agree in order to account for discrepancies, if any, between the Allocable Overhead Costs actually expended in a prior monthly period, as reflected on the Expense Statement, and the amounts previously funded by the Service Entities for such quarterly period). The Manager shall submit to each Service Entity on a quarterly basis a summary relating to the incurrence of any Out of Pocket Expenses for the preceding quarter and a reconciliation with the Budget and, within ten days following the receipt thereof, such Service Entity shall either (i) subject to Section 10(a) above, reimburse Manager for such Out of Pocket Expenses to the extent the Manager has previously paid such Out of Pocket Expenses from its own funds, or (ii) directly pay to the invoicing party such Out of Pocket Expenses. Royal shall, on the date hereof, advance to Manager funds for the first fiscal quarter of 2017, to include budgeted quarterly expenses and third-party expenses as reasonably agreed between Royal and Manager, in respect of the Manager Expenses to be incurred during such period, the entire amount of which, notwithstanding anything to the contrary in this Section 10, shall be allocated to Royal.
Payments to the Manager. Except as specified in this Agreement, no Manager or Affiliate of a Manager is entitled to remuneration for services rendered or goods provided to the Company. The Manager shall receive monthly compensation from the Company in the amount of five percent (5%) of the Company's total revenues ("Management Fee"); provided, however, that such compensation shall be paid solely to the extent the Company has sufficient cash after payment of all operating expenses, including the Company's obligations under the Callaway Golf Loan and under the License Agreement. The first two and one half percent (2.5%) of the Management Fee shall be treated as an operating cost of the Company provided the Callaway Golf Loan is current in payment of principal and interest. This two and one half percent (2.5%) of the Management Fee shall be paid monthly. The balance of the Management Fee, if the Company has sufficient cash, shall be paid quarterly. Any portion of such compensation that is not paid shall be accumulated and paid before any distributions to Members. No interest shall be due on any portion of the Management Fee.
