Fees to Members Clause Samples

The "Fees to Members" clause defines the terms under which members of an organization or entity are entitled to receive payments or compensation for their participation or services. Typically, this clause outlines the types of fees members may earn, such as annual dues, service fees, or performance-based payments, and specifies the timing and method of payment. By clearly establishing the financial arrangements between the organization and its members, this clause helps prevent misunderstandings and ensures transparency regarding compensation.
Fees to Members. Any fees or other amounts paid or accruing to the benefit of any Member pursuant to this Agreement (or any other agreement between the Company and any Member providing for the payment of such amount) in exchange for services rendered to the Company and payable to the Members without reference to or independently of their Percentage Interest or Capital Account balances shall be treated as guaranteed payments pursuant to Code Section 707(c), and shall be treated as expenses of the Company which reduce Profits or increase Losses that are to be allocated pursuant to this Article IV (such fees or payments are referred to in this Section as “Member Fees”). If any Member Fees cannot be deducted by the Company for purposes of determining taxable income allocable to the Members, or otherwise are disallowed as deductions for such purpose and are treated as distributions to the Members, then (a) the Profits or Losses, as the case may be, for the period in which such fees, interest or other amounts were paid shall be increased or decreased, respectively and as the case may be, by the amount of such fees, interest or other amounts; and (b) there shall be allocated to the Member to which such fees or other amounts inure, prior to allocations pursuant to Section 4.02, an amount of gross income for the period in which Member Fees were paid equal to the amount of such Member Fees that are not permitted as deductions to the Company for purposes of calculating taxable income allocable to the Members.
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Fees to Members. A. The Company shall pay to CHC the sum of Nine Hundred Eighty Thousand Dollars ($980,000) for its services pursuant to SECTION 5.9 and shall pay to CHC, pursuant to the Sublicense Agreement, the sum of Twenty Thousand Dollars ($20,000), as consideration for CHC's license of the Proprietary Marks. Upon the opening of the Company's twentieth (20th) Restaurant, the Company shall pay to CHC an additional Nine Hundred Eight Thousand Dollars ($980,000) for its services pursuant to SECTION 5.9 and shall pay to CHC, pursuant to the Sublicense Agreement, an additional Twenty Thousand Dollars ($20,000), as additional consideration for CHC's license of the Proprietary Marks. Outback shall contribute to the Company the funds required under this SECTION 6.6(A) as a capital contribution. B. Subject to SECTION 5.3D(I)(A), the Company shall pay to CHC a fee equal to one and 68/100 percent (1.68%) of each Restaurant's Net Sales (hereinafter defined) for its services pursuant to SECTION 5.9. Subject to
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Fees to Members. The Operator must establish a reasonable fee schedule for the members of the Facility. The Fee Schedule shall include a sliding scale that accounts for adjustments based upon the economic need of those members who would otherwise be unable able to use the Facility. A copy of the initial Fee Schedule, which may be amended from time to time as needed per this Agreement, is attached hereto as Exhibit C. A copy of the initial Fee schedule, which may be amended from time to time as needed per this agreement, will be delivered within 30 days of execution of this contract. The Parties further agree that the fee schedule for members may only be increased once per calendar year. Operator’s fee schedule shall provide for an up to 5% annual fee increase. Operator may assess an additional annual fee increase of up to 10% without City approval. Any increase, within the same calendar year, which exceeds the aforementioned increases are subject to City approval as provided herein. Proposed changes must first be presented to the Board of Parks Commissioners for its consideration. The Board of Parks Commissioners shall make a recommendation thereon, within the earlier of thirty (30) days of submission of said changes to it or its next regularly scheduled meeting, to the City Manager. Should The Board of Parks Commissioners not present its recommendation to the City Manager in said allotted time then the changes must be provided as submitted by Operator to the City Manager for review and approval prior to implementation whose approval shall not be unreasonably withheld, conditioned or delayed.
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Fees to Members. Notwithstanding any provision of the Agreement to the contrary, to the extent any payments in the nature of fees paid to a Member are finally determined by the Internal Revenue Service to be distributions to a Member for federal income tax purposes, such Member shall be allocated gross income in the amount of such distribution.
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Fees to Members. A reasonable fee schedule for the members of the Facility has been established by the Operator, a copy of which is attached hereto as Exhibit E. The fee schedule includes a sliding scale fee structure that accounts for adjustments based upon the economic need of those members who would otherwise be unable able to use the Facility. The Parties further agree that the fee schedule for members may only be increased twice each calendar year. All proposed changes to the fee schedule, including changes to the sliding scale structure, must be provided to the City Manager for review and approval prior to implementation whose approval shall not be unreasonably withheld.
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Fees to Members 
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Related to Fees to Members

  • Fees Charges All points, fees and charges (including finance charges) and whether or not financed, assessed, collected or to be collected in connection with the origination and servicing of each Mortgage Loan have been disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation. This representation and warranty is a Deemed Material and Adverse Representation; and

  • Fees of the Independent Accountant The fees and expenses of the Independent Accountant shall be paid by Seller, on the one hand, and by Buyer, on the other hand, based upon the percentage that the amount actually contested but not awarded to Seller or Buyer, respectively, bears to the aggregate amount actually contested by Seller and Buyer.

  • Fees Registry Operator must pay, or have paid on its behalf, fees to the Escrow Agent directly. If Registry Operator fails to pay any fee by the due date(s), the Escrow Agent will give ICANN written notice of such non-­‐payment and ICANN may pay the past-­‐due fee(s) within fifteen (15) calendar days after receipt of the written notice from Escrow Agent. Upon payment of the past-­‐due fees by ICANN, ICANN shall have a claim for such amount against Registry Operator, which Registry Operator shall be required to submit to ICANN together with the next fee payment due under the Registry Agreement.

  • Fees; Expenses As consideration for the services provided by the Warrant Agent (the “Services”), the Company shall pay to the Warrant Agent the fees set forth on Schedule 1 hereto (the “Fees”). If the Company requests that the Warrant Agent provide additional services not contemplated hereby, the Company shall pay to the Warrant Agent fees for such services at the Warrant Agent’s reasonable and customary rates, such fees to be governed by the terms of a separate agreement to be mutually agreed to and entered into by the Parties at such time (the “Additional Service Fee”; together with the Fees, the “Service Fees”) (a) The Company shall reimburse the Warrant Agent for all reasonable and documented expenses incurred by the Warrant Agent (including, without limitation, reasonable and documented fees and disbursements of counsel) in connection with the Services (the “Expenses”); provided, however, that the Warrant Agent reserves the right to request advance payment for any out-of-pocket expenses. The Company agrees to pay all Service Fees and Expenses within thirty (30) days following receipt of an invoice from the Warrant Agent. (b) The Company agrees and acknowledges that the Warrant Agent may adjust the Service Fees annually, on or about each anniversary date of this Agreement, by the annual percentage of change in the latest Consumer Price Index of All Urban Consumers United States City Average, as published by the U.S. Department of Labor, Bureau of Labor Statistics. (c) Upon termination of this Agreement for any reason, the Warrant Agent shall assist the Company with the transfer of records of the Company held by the Warrant Agent. The Warrant Agent shall be entitled to reasonable additional compensation and reimbursement of any Expenses for the preparation and delivery of such records to the successor agent or to the Company, and for maintaining records and/or Stock Certificates that are received after the termination of this Agreement (the “Record Transfer Services”).

  • Fees, Costs and Expenses All fees, costs and expenses (including attorneys’ fees and expenses) incurred by any party hereto in connection with the preparation, negotiation and execution of this Agreement and the exhibits and schedules hereto and the consummation of the transactions contemplated hereby and thereby shall be the sole and exclusive responsibility of such party. In addition, the Company will pay the costs associated with any filings with, or compliance with any of the requirements of any governmental authorities.