Incentive Management Fee. As additional compensation for its services hereunder, the Advisor shall be paid a fee (the “Incentive Management Fee”), which shall be payable in arrears on a quarterly basis. The Incentive Management Fee shall be determined on a quarterly basis and shall be equal to (i) twenty percent (20%) multiplied by (ii) the positive difference if any, between (1) the Adjusted Funds From Operations for such quarter (before deducting the Incentive Management Fee but after providing for dividends on any preferred equity of ▇▇▇▇▇▇▇) and (2) the Quarterly Threshold Amount:
Appears in 3 contracts
Sources: Advisory Agreement (Newkirk Realty Trust, Inc.), Advisory Agreement (Newkirk Realty Trust, Inc.), Advisory Agreement (Newkirk Realty Trust, Inc.)