Remuneration of the Manager Clause Samples

Remuneration of the Manager. (a) In consideration of the performance by the Manager of its obligations under this agreement, each Joint Venturer must pay the Manager its Percentage Share of the Management Fee as part of a Called Sum. (b) The Management Fee may be varied by the Management Committee by Unanimous Vote. (c) As soon as reasonably practicable after the conclusion of each month the Manager must send to each Joint Venturer a statement specifying the amount payable by that Joint Venturer on account of the Management Fee as assessed in relation to that month. The amount specified in that statement is due and payable by that Joint Venturer to the Manager within 7 days from the commencement of the next month.

Remuneration of the Manager. 7.1. The Mining machine has its own implemented software, which “sends” the Extracted Cryptocurrency to the designated Cryptocurrency Wallets in the Blockchain network. This software ensures the payment of the Remuneration. 7.2. The Manager is entitled to 20 % (in words: twenty percent) of the Revenue as a Remuneration. 7.3. The Remuneration is usually paid to the Manager by the 20th (in words: the twentieth) day of the following month in Extracted Cryptocurrency on the Manager’s Cryptocurrency Wallet specified in the Agreement. 7.4. The Manager is entitled to the Remuneration for the period of Operability of the Mining machine or until the Agreement is terminated pursuant to Article 11 of these Ts&Cs. 7.5. For the case envisaged by the provisions set out in Article 6.6 of these Ts&Cs, the Manager is entitled to 100 % (in words: hundred percent) of the Revenue, with which the Client agrees by signing the Agreement and considers this adjustment of the Parties’ rights while taking into account all the circumstances (especially costs and the lost profit on the part of the Manager and further to the fact that the Client would not be entitled to any Revenue in the event of a non-payment of Operational costs due to the disconnection of the Mining machine by the Hosting center) entirely reasonable.

Remuneration of the Manager. 4.6.1 The annual remuneration of the Manager for the performance of its duties hereunder shall be such percentage as set out in Part B of Schedule 5 of the total annual management expenses. 4.6.2 No variation of the percentage in Clause 4.6.1 may be made except with approval by a resolution of Owners at an Owners’ meeting convened under this ▇▇▇▇ and the agreement of the Manager. 4.6.3 For the purpose of calculating the Manager’s remuneration, the total expenses, costs and charges necessarily and reasonably incurred in the management of the Development or any portion of it must exclude (a) the Manager’s remuneration itself and (b) any capital expenditure or expenditure drawn out of the Special Fund PROVIDED THAT by a resolution of Owners at an Owners’ meeting convened under this Deed, any capital expenditure or expenditure drawn out of the Special Fund may be included for calculating the Manager’s remuneration at the rate applicable under Clause 4.6.1 or Clause 4.6.2 or at any lower rate as considered appropriate by the Owners. 4.6.4 The Manager’s remuneration shall be the net remuneration of the Manager for its services as Manager and shall not include the costs, expenses and fees for any staff, facilities, legal, professional, accounting and administration services and all disbursements and out of pocket expenses properly incurred in the course of carrying out its duties hereunder which said costs, expenses, fees and disbursements shall be a direct charge on the management funds. 4.6.5 Payment of the Manager’s annual remuneration hereunder shall be in advance by equal calendar monthly installments each such payment to be in the Monthly Fraction of the annual remuneration of the Manager as determined aforesaid payable by the Owners according to the annual budget or revised budget for Financial Year in question to be prepared in accordance with this Deed. Any adjustment payment or deduction that needs to be made to bring the amount paid to the Manager by way of remuneration for the Financial Year in question to the correct amount for that Financial Year shall be made within 21 days from the completion of the auditing of the management accounts for that Financial Year.

Remuneration of the Manager. 12.1 In consideration of its management functions, the Manager shall be entitled to receive a remuneration consisting of the costs borne by the General Partner in connection with the management of the Partnership plus an additional ten per cent (10%) profit margin per annum until the termination of the Partnership. 12.2 Such remuneration will be paid on a yearly basis.

Remuneration of the Manager. 6.1 As compensation for the services to be provided by the Manager pursuant to the terms of this Agreement, the Fund hereby covenants and agrees to pay to the Manager the following fees: (a) a monthly fee (the "Management Fee") in the amount of 1/12 of 1.10% of the average Net Asset Value of the Fund at the Valuation Time on each Valuation Date in the preceding month commencing in respect of the month in which the Fund closes its initial public offering of Trust Units; and (b) a fee (the "Incentive Fee") calculated as follows: The Incentive Fee will be equal to 20% of the difference, if positive, between the net capital gain earned by the Fund in respect of each realized investment and the amount that the Fund would have earned on such investment if the simple rate of return thereon had been equal to the simple rate of return of the TSE Oil & Gas Producers Index during the period from the date of acquisition of such investment up to and including the date of realization. In the event that there is a loss on an investment in circumstances where there was a positive simple rate of return on the TSE Oil & Gas Producers Index during the applicable investment period, the amount of such loss plus the amount that the Fund would have earned on such investment if the simple rate of return thereon had been equal to the simple rate of return of the TSE Oil & Gas Producers Index during the period from the date of acquisition of such investment up to an including the date of realization will be carried forward, on a cumulative basis, to reduce the Incentive Fee payable in respect of subsequent gains. In the event that there is a loss on an investment in circumstances where there was a negative simple rate of return on the TSE Oil & Gas Producers Index during the applicable investment period, a portion of such loss will be carried forward, on a cumulative basis, to reduce the Incentive Fee payable in respect of subsequent gains. Such portion will be equal to the amount of the loss, if any, which exceeds the amount that the Fund would have lost on such investment if the negative simple rate of return thereon had been equal to the negative simple rate of return of the TSE Oil & Gas Producers Index during the period from the date of acquisition of such investment up to and including the date of realization. The Management Fee shall be payable and calculated in arrears and shall be paid on or before the tenth Business Day following the end of each month. The Manager shall f...

Remuneration of the Manager. The Manager acknowledges that Origin B2 will be remunerated as Operator for carrying out Operations under the terms of the JOA and, unless approved by the Board, the Manager shall only be permitted to be reimbursed: (a) for those costs and expenses that the Manager incurs, on behalf of Origin B2, in accordance with the JOA and which are paid by the Participants under the terms of the JOA; and (b) on a cost pass through basis for other services which are not within the scope of clause 9.5(a), but are reasonably necessary administration and general corporate costs required for the operation of the Group in the ordinary course or the performance of the obligations of the Company, Origin B2 or the Manager under this Agreement (which will be funded by the Shareholders in proportion to their Equity Proportions). Subject to the terms of any formal Management Services Agreement entered into under clause 9.2(a), the Manager shall not otherwise be entitled to any remuneration under this Agreement or in connection with services to be provided to the Group except to the extent it is directed by the Board to carry out conduct outside the scope of the JOA under the terms of this Agreement or the Management Services Agreement (for which it will be funded by the Shareholders in proportion to their Equity Proportions).

Remuneration of the Manager. (a) In consideration of the performance by the Manager of its obligations under this agreement, each Joint Venturer must pay the Manager its Percentage Share of the Management Fee as part of a Called Sum. (b) Within 14 days of the meeting of the Management Committee scheduled to occur at any time on or after the date falling 6 months from the Commencement Date, the Manager must submit to the Management Committee: (i) any revision to the amount or calculation of the Management Fee that it considers should apply and the further period (as proposed by the Manager) for which the revised Management Fee should apply; and (ii) a breakdown of its actual costs and expenses incurred for the period prior to that date, for consideration at that Management Committee meeting.

Remuneration of the Manager. The Manager shall be remunerated in accordance with part 2 of the Schedule.

Remuneration of the Manager