Common use of Remuneration of the Manager Clause in Contracts

Remuneration of the Manager. The Manager will be remunerated on a Monthly basis. For this purpose, the Manager shall invoice the POB (GEPB) on a Monthly basis, for both the Fixed Fee and Container Handling Fee. GEPB will settle invoices within a period of sixty (60) Days after receipt as follows: a) The Monthly portion of the Fixed Fee; b) The Monthly cumulative amount of Container Handling Fee for domestic trade; c) The Monthly cumulative amount of Container Handling Fee for transshipment traffic for which a 35% discount shall apply on the fee applicable for domestic Container Handling Fee as further elaborated under Section 4.6.2.