Examples of Asset Management Agreement in a sentence
Management of the TK BusinessIt is intended that the TK Operator will execute an agreement in relation to the management of the TK Business with the Investment Adviser (the TK Asset Management Agreement), which agreement is described below.TK Operator Investment PolicyThe TK Operator will consider the acquisition of properties by the TK Business consistent with the investment policy of the TK Operator which is the same as the investment policy of the Company as set out in Part 1 of this document.
Term of the TK Asset Management AgreementThe term of the TK Asset Management Agreement will be for an initial period of four years commencing on Admission and can be terminated on 12 months prior written notice to be given at any time on or after the fourth anniversary of Admission.
Pursuant to the Asset Management Agreement, CBMI shall act as Vancouver LP’s representative to oversee the Operator and otherwise to manage the Hotel at a fee of about CAD0.6 million per annum for a term of fifty (50) years commencing from 3rd November, 2015.
Distributions to the TK InvestorAt the end of each financial period, the TK Operator will calculate the profits available for distribution to the TK Investor after the payment of fees under the TK Asset Management Agreement, property management expenses, interest bearing debt funding expenses and principal repayments and other expenses relating to the operation of the TK Business.
FeesIn consideration for the performance of services under the TK Asset Management Agreement, the Investment Adviser is entitled to the fees described in Part 2 of this document.