Monthly Management Fee definition

Monthly Management Fee has the meaning specified in Section 5.1.

Monthly Management Fee has the meaning set forth in the Management Agreement.

Monthly Management Fee means, with respect to each Monthly Allocation Date, the amount of $541,666.67, subject to successive three percent (3%) annual increases; provided, with the consent of the Control Party, acting at the direction of the Controlling Class Representative, such Monthly Management Fee can be increased in the event there is a Successor Manager.

Examples of Monthly Management Fee in a sentence

• Notwithstanding the foregoing sentence to the contrary, in no event shall Owner have the right to modify the Operating Budget to reduce the Monthly Management Fee or Reimbursable Expenses otherwise due pursuant to Article 5.

• If the Commencement Date occurs on a day other than the first day of the calendar month, the Monthly Management Fee shall be prorated on a per diem basis for such month.

• Notwithstanding anything contained herein to the contrary, Owner acknowledges and agrees, that the Monthly Gross Revenues used to calculate the Monthly Management Fee for Month One, shall include any pre-paid rents on hand as of the Commencement Date.

• Notwithstanding anything to contrary herein, upon termination of this Agreement for any reason, Manager shall be entitled to its earned, but unpaid fees of any kind, including but not limited to a prorated Monthly Management Fee and Incentive Fee, reimbursement of unpaid Reimbursable Expenses, for the period prior to termination.

• The Monthly Management Fee will be due and payable on or before the tenth (10th) day after Owner's receipt of an invoice from Manager with respect to and showing the amount of Monthly Gross Collections received, if any, during the immediately preceding month.

More Definitions of Monthly Management Fee

Monthly Management Fee means the amount payable to Energy Manager as set forth in Section 8.1.

Monthly Management Fee means, with respect to any calendar month commencing with the month in which the Execution Date occurs, a fee equal to one-twelfth of the budgeted amount of annual management expenses to be incurred by the Lessor, adjusted at the end of each calendar year to equal the actual amount of expenses for such year. The amount of the Monthly Management Fee that Lessor may recover from Lessee in any calendar year shall not exceed $50,000 (in 2002 dollars), adjusted annually on the anniversary of the Commercial Operation Date, based upon the first published final number for GDP-IPD for 2002, as provided by the Department of Commerce, Bureau of Economic Analysis.

Monthly Management Fee means the fee payable by Owner to Manager as provided in any Supplement, it being understood and agreed that the Monthly Management Fee payable shall be pro-rated in the case of periods less than one month.

Monthly Management Fee means, with respect to each Monthly Allocation Date, the amount of $200,000, subject to successive three percent (3%) annual increases beginning on the first Monthly Allocation Date in 2020.

Monthly Management Fee shall be an amount equal to two and one-half percent (2.5%) of Monthly Gross Revenues for the applicable calendar month. In addition, Manager shall be eligible for a quarterly incentive fee (“Incentive Fee”), provided that the Project meets certain occupancy and net operating income (“NOI”) hurdles as indicated below and in the Operating Budget approved by Owner. For the purposes of this calculation, the following expense categories will be excluded: the Monthly Management Fees, utilities, third party security services, retail-related expenses (if applicable), real estate taxes, insurance, or other non-budgeted expenses incurred at the express demand of Owner. The Incentive Fee and corresponding hurdles are as follows: Hurdle Quarterly Incentive Fee Project exceeds NOI as indicated in the then in-place Operating Budget For each dollar favorable to the NOI as indicated in the approved Operating Budget, Manager shall earn $0.25 due and payable within thirty (30) days after the close of each Fiscal Quarter throughout the Term.

Monthly Management Fee shall have the meaning given to such term in the Management Agreement.

Monthly Management Fee means, with respect to any calendar month commencing with the month in which the Execution Date occurs, a fee equal to one-twelfth of the budgeted amount of annual management expenses to be incurred by the Lessor, adjusted at the end of each calendar year to equal the actual amount of such expenses for such year.