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than might reasonably be caused by increased levels of patronage of the Premises or by other factors beyond the OPERATOR's control, CITY may terminate this Agreement in accordance with Article 12.0, subject to OPERATOR's right to cure such cost overrun by depositing OPERATOR's own funds in the Bank Account. CITY shall act reasonably in exercising its rights under this Section and shall take into account the extent to which (a) such cost overruns result from causes beyond OPERATOR's reasonable control, and (b) OPERATOR has given CITY written notice of the event(s) causing such cost overruns. 8.03 Fixed Management Fee. 8.03.1 Annual Fixed Management Fee. The annual fixed management fee to be paid to OPERATOR "Fixed Management Fee shall represent 50% of the Total Management Fee Attainable as follows: Total Management 50% Fixed Operating Year Fee Attainable Fee 2010 to June 30, 2011 $180,000 $90,000 2011 to June 30, 2012 $186,000 $93,000 2012 to June 30, 2013 $192,000 $96,000 2013 to June 30, 2014 $198,000 $99,000 2014 to June 30, 2015 $204,000 $102,000 8.03.2 Payment of Fixed Management Fee. The Fixed Management Fee shall be paid in equal monthly installments on the last day of each month. 8.04 Incentive Management Fee. 8.04.1 Incentive Management Fee. In addition to the Fixed Management Fee, CITY shall pay OPERATOR an incentive fee of up to 50% of the Total Management Fee Attainable (as set forth in Section 8.03.1) (the "Incentive Management Fee The intent of the Incentive Management Fee is to provide an incentive to OPERATOR to improve the marketing and quality of the Golf Course, thereby increasing the number of rounds of golf and Gross Revenues. CITY shall pay OPERATOR an Incentive Management Fee equal to: (a) fifteen percent (15 of the difference between the Gross Revenues (excluding food and beverage sales, Pro Shop merchandise sales and lesson fees) and the Base Performance Standard for Golf set forth in Section 8.04.2 if the Base Performance Standard for Golf is met; and (b) fifteen percent (15 of the difference between the Gross Revenues from both food and beverage sales and Pro Shop merchandise sales and the Base Performance Standard for Merchandise and Food/Beverage set forth in Section 8.04.3 if the Base Performance Standard for Merchandise and Food/Beverage is met. 8.04.2 Base Performance Standards for Golf. CITY shall pay OPERATOR that portion of the Incentive Management Fee described in subsection 8.04.1(a) above if the following base performance standard for Gross Revenues excluding food and beverage sales, Pro Shop 32