Examples of Base Management Fee in a sentence
In the event that the Owner exercises its option to renew the Agreement, the Base Management Fee shall be increased by a percentage equal to the percent increase in the national Consumer Price Index (CPI) on the date of commencement of the renewal period as compared to the date at which the existing Agreement period and Base Management Fee took effect, unless otherwise agreed by both parties.
The Base Management Fee shall be paid to CONTRACTOR in accordance with 26 Section 5.3 of this Agreement.
The Base Management Fee shall be payable on the fifth day of each month from the Operating Account.
The Base Management Fee and Incentive Management 19 Fee are sometimes referred to herein collectively as “Fees.” ANAHEIM shall permit and hereby 20 authorizes CONTRACTOR to pay to CONTRACTOR, from the Operating Account, all Fees 21 which are legally due an owning hereunder.
In addition to the Base Management Fee and the Food and Beverage Management Fee, as further consideration for the Management Services, KSM shall retain the Pro Shop Concession Gross Revenues, provided however, that KSM shall pay the City an amount equal to ten percent (10%) of the Pro Shop Concession Gross Revenues generated each month during the Term.