Common use of Compensation of the Manager and the Sub-Manager Clause in Contracts

Compensation of the Manager and the Sub-Manager. During the Initial Term and any Renewal Term (each as defined in Section 9(a) hereof), the Company shall pay or cause to be paid to the Manager, and the Sub-Manager pursuant to Section 1(e)(ii), a base management fee (“Base Management Fee”) and total return incentive fee (“Total Return Incentive Fee”) as hereinafter set forth subject to any reduction or deferral of any Base Management Fee amounts or Total Return Incentive Fee amounts pursuant to the terms of the Expense Support Agreement.

Appears in 3 contracts

Samples: Management Agreement (CNL Strategic Capital, LLC), Management Agreement (CNL Strategic Capital, LLC), Management Agreement (CNL Strategic Capital, LLC)

AutoNDA by SimpleDocs

Compensation of the Manager and the Sub-Manager. During the Initial Term and any Renewal Term (each as defined in Section 9(a) hereof), the Company shall pay or cause to be paid to the Manager, and the Sub-Manager pursuant to Section 1(e)(ii), a base management fee ("Base Management Fee") and total return incentive fee ("Total Return Incentive Fee") as hereinafter set forth subject to any reduction or deferral of any Base Management Fee amounts or Total Return Incentive Fee amounts pursuant to the terms of the Expense Support Agreement.

Appears in 1 contract

Samples: Management Agreement (CNL Strategic Capital, LLC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.