Common use of Fees Paid to Manager and/or Third Parties Clause in Contracts

Fees Paid to Manager and/or Third Parties. The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Asset Management Fee: Fees charged to the Company for management of its investments. 1.0% of the total capital contributions as adjusted from time to time for capital withdrawals, distributions, additional contributions, allocations and other capital account adjustments, paid monthly. Assuming we raise the Minimum Amount of $100,000, the Manager would receive a fee of $1,000. If the Company were to raise the Maximum Amount of $50,000,000, this fee could be as much as $500,000. Company Management Fee: Fees charged to the Company for management of the Company. Profit sharing of all Distributable Cash that is available after the Members have received their stated Preferred Return. Distribution accomplished via distribution to Class M Members.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Mission First Capital LLC)

Fees Paid to Manager and/or Third Parties. The Manager and/or third parties may earn Fees for services they provide on behalf of the Company as further described below. All Fees will be paid as an expense of the Company prior to determining Distributable Cash (as described in Article 4 above). Asset Management Fee: Fees charged to the Company for management of its investments. investments 1.0% of the total capital contributions as adjusted from time to time for capital withdrawals, distributions, additional contributions, allocations and other capital account adjustments, paid monthly. Assuming we raise the Minimum Amount of $100,000, the Manager would receive a fee of $1,000. If the Company were to raise the Maximum Amount of $50,000,000, this fee could be as much as $500,000. Company Management Fee: Fees charged to the Company for management of the Company. Profit sharing of all Distributable Cash that is available after the Members have received their stated Preferred Return. Distribution accomplished via distribution to Class M Members.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Mission First Capital LLC)