Management Services Contract Clauses (35)

Management Services. During the Term of this Agreement, DSHK will identify and provide to DSBT executive and financial management personnel in sufficient numbers and with expertise and experience appropriate to provide the services identified in Appendix I, as it may be amended from time to time by written agreement of the Parties (the "Management Services"), and will provide those Services to DSBT. DSBT will take all commercially reasonable actions to permit and facilitate the provision of the Management Services b...y DSHK and accept those Services. 1 2. Compensation to DSHK. As compensation for providing the Management Services, DSHK will be entitled to receive a fee (the "Management Services Fee"), upon demand, equal to one hundred percent (100%) of the annual Net Profit of DSBT during the Term of this Agreement. At the sole discretion of DSHK, the Net Profit of DSBT shall be calculated through the end of the immediately preceding fiscal year of DSBT, and paid by DSBT to DSHK within sixty (60) days of demand therefor. Until and unless such demand is made, the Management Services Fee is not due and payable to DSHK and it is the intent of the Parties that the Fee represents shall not be accrued by DSBT. Any dispute between the Parties concerning any calculation or payment under this Section 2 will be resolved pursuant to the dispute resolution provisions of Section 15. For the purpose of this agreement, Net Profit means the net profit of DSBT for the period immediately preceding the date for calculation of Net Profit set out in the Agreement, calculated as follows: (a) all revenue or income accrued by DSBT, less (b) all costs, accrued expenses and taxes paid or accrued and payable. View More

Management Services. During the Term of this Agreement, Party B will identify and provide to Party A executive and financial management personnel in sufficient numbers and with expertise and experience appropriate to provide the services identified in Appendix A, as it may be amended from time to time by written agreement of the Parties (the "Management Services"), and will provide those Services to Party A. Party A will take all commercially reasonable actions to permit and facilitate the provision of the Managemen...t Services by Party B and accept those Services. 1 Execution Copy 2. Compensation to Party B. As compensation for providing the Management Services, Party B will be entitled to receive a fee (the "Management Services Fee"), upon demand, equal to one hundred percent (100%) of the annual Net Profit of Party A during the Term of this Agreement. At the sole discretion of Party B, the Net Profit of Party A shall be calculated through the end of the immediately preceding fiscal year of Party A, and paid by Party A to Party B within sixty (60) days of demand therefor. Until and unless such demand is made, the Management Services Fee is not due and payable to Party A and it is the intent of the Parties that the income such Fee represents shall not be accrued by Party A. Any dispute between the Parties concerning any calculation or payment under this Section 2 will be resolved pursuant to the dispute resolution provisions of Section 15. For the purpose of this agreement, Net Profit means the net profit of Party A for the period immediately preceding the date for calculation of Net Profit set out in the Agreement, calculated as follows: (a) all revenue or income accrued by Party A, less (b) all costs, accrued expenses and taxes paid or accrued and payable. View More