Payment Amount. (a) As consideration for the Services rendered hereunder, ▇▇▇▇▇▇▇ Operating shall pay to the Manager each month, in advance, a fee that shall represent a reasonable allocation of all projected costs (including its own overhead and general and administrative costs and expenses and those of its Affiliates) to be incurred by the Manager in providing such Services and that may be adjusted pursuant to Section 3.5 (the “Services Fee”). The initial Services Fee shall be $ 33,333 per month. For the avoidance of doubt, in no event shall the Services Fee include any Tax passed on to ▇▇▇▇▇▇▇ Operating pursuant to Section 3.4 hereof. (b) To the extent not otherwise reimbursed or paid to the Manager, ▇▇▇▇▇▇▇ Operating shall also reimburse the Manager for all other reasonable third party out-of-pocket costs and expenses (including, but not limited to, third-party expenses and expenditures) that the Manager incurs on behalf of ▇▇▇▇▇▇▇ Operating in providing the Services, excluding, however, the Manager’s or its Affiliates’ overhead or general or administrative expenses (the “Direct Expenses” and, together with the Services Fee, the “Payment Amount”).
Appears in 6 contracts
Sources: Management Services Agreement (Kimbell Royalty Partners, LP), Management Services Agreement (Kimbell Royalty Partners, LP), Management Services Agreement (Kimbell Royalty Partners, LP)
Payment Amount. (a) As consideration for the Services rendered hereunder, ▇▇▇▇▇▇▇ Operating shall pay to the Manager each month, in advance, a fee that shall represent a reasonable allocation of all projected costs (including its own overhead and general and administrative costs and expenses and those of its Affiliates) to be incurred by the Manager in providing such Services and that may be adjusted pursuant to Section 3.5 (the “Services Fee”). The initial Services Fee shall be $ 33,333 41,961.47 per month. For the avoidance of doubt, in no event shall the Services Fee include any Tax passed on to ▇▇▇▇▇▇▇ Operating pursuant to Section 3.4 hereof.
(b) To the extent not otherwise reimbursed or paid to the Manager, ▇▇▇▇▇▇▇ Operating shall also reimburse the Manager for all other reasonable third party out-of-pocket costs and expenses (including, but not limited to, third-party expenses and expenditures) that the Manager incurs on behalf of ▇▇▇▇▇▇▇ Operating in providing the Services, excluding, however, the Manager’s or its Affiliates’ overhead or general or administrative expenses (the “Direct Expenses” and, together with the Services Fee, the “Payment Amount”).
Appears in 4 contracts
Sources: Management Services Agreement, Management Services Agreement (Kimbell Royalty Partners, LP), Management Services Agreement (Kimbell Royalty Partners, LP)
Payment Amount. (a) As consideration for the Services rendered hereunder, ▇▇▇▇▇▇▇ Operating shall pay to the Manager each month, in advance, a fee that shall represent a reasonable allocation of all projected costs (including its own overhead and general and administrative costs and expenses and those of its Affiliates) to be incurred by the Manager in providing such Services and that may be adjusted pursuant to Section 3.5 (the “Services Fee”). The initial Services Fee shall be $ 33,333 54,871.86 per month. For the avoidance of doubt, in no event shall the Services Fee include any Tax passed on to ▇▇▇▇▇▇▇ Operating pursuant to Section 3.4 hereof.
(b) To the extent not otherwise reimbursed or paid to the Manager, ▇▇▇▇▇▇▇ Operating shall also reimburse the Manager for all other reasonable third party out-of-pocket costs and expenses (including, but not limited to, third-party expenses and expenditures) that the Manager incurs on behalf of ▇▇▇▇▇▇▇ Operating in providing the Services, excluding, however, the Manager’s or its Affiliates’ overhead or general or administrative expenses (the “Direct Expenses” and, together with the Services Fee, the “Payment Amount”).
Appears in 3 contracts
Sources: Management Services Agreement (Kimbell Royalty Partners, LP), Management Services Agreement (Kimbell Royalty Partners, LP), Management Services Agreement (Kimbell Royalty Partners, LP)
Payment Amount. (a) As consideration for the Services rendered hereunder, ▇▇▇▇▇▇▇ Operating shall pay to the Manager each month, in advance, a fee that shall represent a reasonable allocation of all projected costs (including its own overhead and general and administrative costs and expenses and those of its Affiliates) to be incurred by the Manager in providing such Services and that may be adjusted pursuant to Section 3.5 (the “Services Fee”). The initial Services Fee shall be $ 33,333 10,000 per month. For the avoidance of doubt, in no event shall the Services Fee include any Tax passed on to ▇▇▇▇▇▇▇ Operating pursuant to Section 3.4 hereof.
(b) To the extent not otherwise reimbursed or paid to the Manager, ▇▇▇▇▇▇▇ Operating shall also reimburse the Manager for all other reasonable third party out-of-pocket costs and expenses (including, but not limited to, third-party expenses and expenditures) that the Manager incurs on behalf of ▇▇▇▇▇▇▇ Operating in providing the Services, excluding, however, the Manager’s or its Affiliates’ overhead or general or administrative expenses (the “Direct Expenses” and, together with the Services Fee, the “Payment Amount”).
Appears in 3 contracts
Sources: Management Services Agreement (Kimbell Royalty Partners, LP), Management Services Agreement (Kimbell Royalty Partners, LP), Management Services Agreement (Kimbell Royalty Partners, LP)
Payment Amount. (a) As consideration for the Services rendered hereunder, ▇▇▇▇▇▇▇ Operating shall pay to the Manager each month, in advance, a fee that shall represent a reasonable allocation of all projected costs (including its own overhead and general and administrative costs and expenses and those of its Affiliates) to be incurred by the Manager in providing such Services and that may be adjusted pursuant to Section 3.5 (the “Services Fee”). The initial Services Fee shall be $ 33,333 zero dollars per month. For the avoidance of doubt, in no event shall the Services Fee include any Tax passed on to ▇▇▇▇▇▇▇ Operating pursuant to Section 3.4 hereof.
(b) To the extent not otherwise reimbursed or paid to the Manager, ▇▇▇▇▇▇▇ Operating shall also reimburse the Manager for all other reasonable third party out-of-pocket costs and expenses (including, but not limited to, third-party expenses and expenditures) that the Manager incurs on behalf of ▇▇▇▇▇▇▇ Operating in providing the Services, excluding, however, the Manager’s or its Affiliates’ overhead or general or administrative expenses (the “Direct Expenses” and, together with the Services Fee, the “Payment Amount”).
Appears in 2 contracts
Sources: Management Services Agreement (Kimbell Royalty Partners, LP), Management Services Agreement (Kimbell Royalty Partners, LP)