The Management Agreement. Borrower hereby agrees that the fee paid to Manager in compensation for Manager’s services conducted in connection with the management of the Property pursuant to the Management Agreement shall not exceed three percent (3%)
Appears in 3 contracts
Samples: Loan Agreement (Moody National REIT I, Inc.), Loan Agreement (Moody National REIT I, Inc.), Loan Agreement (Moody National REIT I, Inc.)
The Management Agreement. Borrower hereby agrees that the fee paid fees payable to Manager any Qualified Manager, if applicable, in compensation for Qualified Manager’s services conducted in connection with the management of the Property pursuant to the Management Agreement shall not exceed three percent (33.0%)
Appears in 2 contracts
Samples: Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC)
