Fixed Management Fee Sample Clauses
A Fixed Management Fee clause establishes a predetermined, unchanging fee that a client must pay to a service provider or manager for their ongoing services, regardless of performance or results. This fee is typically set at the outset of the agreement and is paid on a regular schedule, such as monthly or annually, covering services like asset management, project oversight, or administrative support. By specifying a fixed amount, the clause provides cost predictability for the client and ensures consistent compensation for the provider, thereby simplifying budgeting and reducing disputes over variable or performance-based fees.
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Fixed Management Fee. Beginning with the Commencement Date of the Term of this Lease, Tenant shall pay to Landlord, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee equal to 2% of the Basic Rent due for each month during the Lease Term ("Management Fee").
Fixed Management Fee. Beginning with the Commencement Date of the Term of this Lease, Tenant shall pay, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee ("Management Fee") equal to two percent (2%) of the Basic Rent due for each month during the Lease Term. Said Management Fee shall be paid by Tenant to A&P Property Management Company at 2560 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇.
Fixed Management Fee. Beginning with the Commencement Date of the term of this Lease, Tenant shall pay, in addition to the Basic Rent and Additional Rent, a fixed monthly
Fixed Management Fee. Beginning with the Commencement Date of the Term of this Lease, Tenant shall pay to Landlord, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee ("Management Fee") equal to 3% of the Basic Rent due for each month during the Lease Term.
Fixed Management Fee. Beginning on November 1, 2005, Tenant shall pay to Landlord, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee (“Management Fee”) equal to one and one-half percent (1-1/2%) of the Basic Rent due for each month during the Term. Tenant shall be responsible for calculating the monthly Management Fee based on the Basic Rent schedule shown in Paragraph 4.A above, and for paying said Management Fee by the first day of each month during the Term of this Lease. Tenant’s failure to pay the monthly Management Fee by the due date will result in a Late Charge being assessed pursuant to the terms of Paragraph 4.C above. The reference to “Rent” in this Paragraph 4 includes Basic Rent, Additional Rent, and fixed Management Fee. The respective obligations of Landlord and Tenant under this paragraph shall survive the expiration or other termination of the Term of this Lease, and if the Term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the Term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365.
Fixed Management Fee. Beginning with the Commencement Date of the Term of this Lease, Tenant shall pay to Landlord, in addition to the Basic Rent and Additional Rent, a fixed monthly management fee ("Management Fee") equal to three percent (3%) of the Basic Rent due for each month during the Lease Term. The reference to "Rent" in this Paragraph 4 includes Basic Rent, Additional Rent, and fixed Management Fee. The respective obligations of Landlord and Tenant under this Paragraph shall survive the expiration or other termination of the Term of this Lease, and if the Term hereof shall expire or shall otherwise terminate on a day other than the last day of a calendar year, the actual Additional Rent incurred for the calendar year in which the Term hereof expires or otherwise terminates shall be determined and settled on the basis of the statement of actual Additional Rent for such calendar year and shall be prorated in the proportion which the number of days in such calendar year preceding such expiration or termination bears to 365.
Fixed Management Fee. Project Manager/Director to amend as appropriate. Careful attention should be paid to ensure that these clauses accurately reflect the Head Contract
Fixed Management Fee. The Owner shall pay, and the Construction Manager shall accept as complete payment for performance of Construction Management Services, a negotiated fixed fee in the amount of % of the GMP for each phase of the Project. All scopes of services shall be reviewed by the County Attorney’s Office prior to issuance of a purchase order. Construction Manager acknowledges and understands that although a percentage value is listed herein, a firm fixed price for the Construction Management Fee for any project that may be assigned hereunder may be negotiated at the time of, and in conjunction with, development of the GMP. The percentage stated herein shall serve as a maximum not-to-exceed value for the negotiated firm fixed Construction Management Fee for each project, if any. The method of payment, however, shall be set forth in Appendix “M”.
Fixed Management Fee. The Fixed Management Fee for the Contract Year beginning February 1, 2023 shall be $8,843,318.00. This Fixed Management Fee represents a significant increase of scope over the Fixed Management Fee for the Contract Year ending January 31, 2023. Attached hereto as Table 5-1, is a chart that reflects the basis for said increases. The Fixed Management Fee shall be increased by the Index Factor as set forth in this Schedule 5 for the year beginning February 1, 2023 and each year thereafter. The adjustment to the Fixed Management Fee noted above includes the sum of items A, B, C, D and E below (see Table 5-1 for details):
A. Seven (7) additional full-time staffing positions added in response to address new regulatory requirements and enhance performance for maintenance activities as a result of experience gained during the contract term to date. Fee established based on total average salaries multiplied by 1.4 for payroll overheads and taxes, then add 15% of total for overhead and profit.
B. Increased water treatment plant operations and maintenance expenses (projected annual costs plus 8% for overhead and profit), including:
a. granular activated carbon changeouts at the Parkside water treatment plant, which assumes 3 (three) changeouts per Contract Year
b. zinc orthophosphate corrosion control inhibitor at both the Parkside and ▇▇▇▇▇▇-▇▇▇▇▇▇ treatment plants.
c. Should operational conditions result in additional costs for either granular activated carbon or zinc orthophosphate then any additional costs will be covered by the MR&R Allocation.
C. Additional scope items (projected annual costs plus 8% for overhead and profit), including:
a. updating the water system hydraulic model;
b. adhoc engineering support for the water and wastewater systems;
c. additional support for the myriad of OPRA requests; and
d. support needed in response to changes in the New Jersey Water Quality Accountability Act.
D. Additional water quality monitoring samples (projected first year costs plus 8% for overhead and profit), including:
a. Six (6) additional PFAS samples for process control at the Parkside water treatment plant.
E. Adjustment to the Fixed Management Fee related to the 8% administrative fee for the Maintenance, Repair and Replacement (“MR&R”) Allocation and to the Annual Utilities (“Utilities”) Allocation as follows:
a. $53,746.00 related to the adjustment to the MR&R Allocation in Amendment 1 of the Agreement from $3,825,628.00 to $4,497,449.00 that was inadvertently ...
Fixed Management Fee. The fixed monthly fee the City shall pay to Manager under this Agreement, as more fully described in Section 3.1 of this Agreement.