Common use of Manager’s Remuneration Clause in Contracts

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may be reviewed by a resolution at meetings of the Owners convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution passed at an Owners’ meeting convened under this Deed decide that a percentage lower than that provided under the previous provisions of this Clause 9.1 shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. 9.1 Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That:be (a) such percentage may shall not be reviewed varied except with approval by a resolution of Owners at meetings of the Owners an Owners’ meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution passed of Owners at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution passed at an Owners’ meeting convened under this Deed decide that a percentage lower than that provided under the previous provisions of this Clause 9.1 shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may not be reviewed varied except with approval by a resolution of Owners passed at meetings of the Owners an Owners’ meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital ExpenditureExpenditure ”) save to the extent that the same has been permitted by a resolution of Owners passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution of Owners passed at an Owners’ meeting convened under this Deed ▇▇▇▇ decide that a percentage lower than that provided under the previous provisions of this Clause 9.1 shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may not be reviewed varied except with approval by a resolution of Owners passed at meetings of the Owners an Owners’ meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution of Owners passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution of Owners passed at an Owners’ meeting convened under this Deed ▇▇▇▇ decide that a percentage lower than that provided under the previous provisions of this Clause 9.1 shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may be reviewed varied by a resolution at meetings of the Owners convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution passed at an Owners’ meeting convened under this Deed decide that a percentage lower than that provided under the previous provisions of this Clause 9.1 shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may be reviewed varied with approval by a resolution of Owners at meetings of the Owners an Owners' meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution passed at an Owners’ meeting convened under this Deed decide that a percentage lower than that provided under the previous provisions of this Clause 9.1 10% shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 1020% of the total Management Expenses incurred in the Financial Year Provided That: (ai) such percentage may not be reviewed varied except with approval by a resolution of Owners passed at meetings of the Owners an Owners’ meeting convened under this Deed; (bii) for the purpose of this Clause 9.1calculating the Manager’s Remuneration, the total Management Expenses shall not includemust exclude: (i1) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.112(a) , “Capital Expenditure”) save to the extent provided that the same has been permitted by a resolution passed of Owners at an Owners’ meeting convened under this Deed Deed, any Capital Expenditure may be included for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii2) the Manager’s RemunerationRemuneration itself; and (ciii) the Owners may by a resolution of Owners passed at an Owners’ meeting convened under this Deed decide that a percentage lower than that provided rate applicable under the previous provisions of this Clause 9.1 12(a) or at any lower rate as considered appropriate by the Owners shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i12(a)(ii)(1).

Manager’s Remuneration. The Manager’s Remuneration in a Financial Year shall be 10% of the total Management Expenses incurred in the Financial Year Provided That: (a) such percentage may not be reviewed varied except with approval by a resolution of Owners passed at meetings of the Owners an Owners’ meeting convened under this Deed; (b) for the purpose of this Clause 9.1, Management Expenses shall not include: (i) any capital expenditure or expenditure drawn out of the Special Fund (in this Clause 9.1, “Capital Expenditure”) save to the extent that the same has been permitted by a resolution of Owners passed at an Owners’ meeting convened under this Deed for inclusion for the purpose of calculating the Manager’s Remuneration; and (ii) the Manager’s Remuneration; and (c) the Owners may by a resolution of Owners passed at an Owners’ meeting convened under this Deed decide that a percentage lower than that the rate applicable provided under the previous provisions of this Clause 9.1 9.1, or any lower rate as considered appropriate by the Owners shall, for the purpose of calculating the Manager’s Remuneration, be applied to the Capital Expenditure included under Clause 9.1(b)(i).