Additional Management Fee definition
Examples of Additional Management Fee in a sentence
The Base Management Fee, any Accrued Base Management Fee, the Additional Management Fee and any Accrued Additional Management Fee are sometimes referred to herein as the "Management Fee".
Any Operating Profit in excess of the Base Management Fee and any Accrued Base Management Fee at the end of each month shall be paid 50% to Manager and 50% to Owners until Manager has received (i) an additional management fee of 4% of Total Revenues from all Facilities in the aggregate subject to this Agreement (the "Additional Management Fee") plus (ii) any Accrued Additional Management Fee (as hereinafter defined).
All accruals of the Base Management Fee or Additional Management Fee for all periods prior to January 2, 2004 are terminated and written off.
All accruals of the Base Management Fee, Additional Management Fee or any other Management Fee accrued for all periods prior to April 1, 2004 are terminated and written off.
The Additional Management Fee, if any, for a given calendar year shall be paid within thirty (30) days of receipt by Lessee of the Annual Financial Data.
If there is insufficient Operating Profit after payment of the Base Management Fee and Accrued Base Management Fee during any month to pay the Additional Management Fee, the unpaid portion shall accrue and be added to any accrued amounts for prior months commencing January 1, 2002 (the "Accrued Additional Management Fee").
IVP agrees to provide the Management Services provided for in this Section 3.1, all of which shall be covered by and included in the Cost of Operations and the Additional Management Fee, if any.
Concurrently with the payment of the Management Fee, the Additional Management Fee shall be deposited into the Trust Account.
Any Interest Rate Notice which specifies an Offshore Related Rate but fails to identify an Applicable Interest Period shall be deemed to request an Applicable Interest Period of one month.
Notwithstanding the provisions of Section 9.8 above, Manager shall have the right to voluntarily reduce the Base Management Fee and the Additional Management Fee, or defer payment of any Accrued Base Management Fee and the Accrued Additional Management Fee, in order to cause compliance with the distribution requirements set forth in Section 9.8 above.