Project Management Fee. In addition to the compensation paid to Manager under Section 4.A above, Owner shall pay to Manager, with respect to any tenant or capital improvements, a separate fee in an amount equal to five percent (5%) of all hard and soft costs and expenses actually paid or incurred in connection with the construction and installation of such improvements. As to each project, the fee shall be due and payable upon completion.
Appears in 7 contracts
Sources: Property Management & Real Estate, Master Property Management and Leasing Agreement (Global Growth Trust, Inc.), Master Property Management and Leasing Agreement (Global Income Trust, Inc.)
Project Management Fee. In addition to the compensation paid to Manager under Section 4.A above, Owner shall pay to Manager, with respect to any tenant or capital improvements, a separate fee in an amount equal to five percent (5%) of all hard and soft costs and expenses actually paid or incurred in connection with the construction and installation of such improvements. As to each project, the fee shall be due and payable upon completion.]
Appears in 2 contracts
Sources: Master Property Management and Leasing Agreement (Macquarie CNL Global Income Trust, Inc.), Master Property Management and Leasing Agreement (CNL Macquarie Global Income Trust, Inc.)