Base Collateral Management Fee. ” means, with respect to any Payment Date (or other relevant date), an amount equal to [0.15]% per annum of the Fee Basis Amount for such Payment Date (or other relevant date); provided that (i) such fee will be calculated on the basis of a 360-day year consisting of twelve 30 day months and (ii) in the event that the Collateral Manager is removed or resigns or if the Collateral Management Agreement is terminated, the amount of such fee accrued to the effective date of such resignation, removal or termination will be payable to the departing Collateral Manager on the next succeeding Payment Date (or other relevant date) or Payment Dates (or other relevant dates) on which such amount may be paid, in accordance with the Priority of Payments (provided that the payment of any fee payable payable to the departing Collateral Manager pursuant to this clause (ii) will be senior to the payment of any Base Collateral Management Fee due to any successor collateral manager).
Base Collateral Management Fee has the meaning set forth in Section 8.
Base Collateral Management Fee means the fee payable to the Collateral Manager in arrears on each Distribution Date pursuant to Section 8 of the Collateral Management Agreement (or any comparable provision in any replacement collateral management agreement), in an amount (which shall be certified by the Collateral Manager to the Trustee) equal to 0.20% per annum of the Quarterly Asset Amount for such Due Period and subject to the Priority of Payments.
Examples of Base Collateral Management Fee in a sentence
If on any Distribution Date that there are insufficient funds to pay the Base Collateral Management Fee then due in full in accordance with the Priority of Payments, a portion of the Base Collateral Management Fee equal to the shortfall will be deferred and will accrue interest at a rate of six-month LIBOR per annum and will be payable on subsequent Distribution Dates on which funds are available therefor according to the Priority of Payments.
Any interest due on the unpaid Base Collateral Management Fee will thereupon constitute accrued and unpaid Base Collateral Management Fee.
Collateral Management Fees: The Collateral Manager will be entitled on each Payment Dateto receive the Collateral Management Fees which will consist of the Base Collateral Management Fee, the Subordinated Collateral Management Fee and the Incentive Collateral Management Fee.
Any amounts deferred in respect of the Base Collateral Management Fee will accrue interest at a per annum rate of EURIBOR plus 2 per cent.
The Base Collateral Management Fee is equal to 0.25% per annum (calculated on the basis of a 360-day year and the actual number of days elapsed) of the Fee Basis Amount as of the first day of the Collection Period relating to such Payment Date.
More Definitions of Base Collateral Management Fee
Base Collateral Management Fee means, with respect to any Payment Date (or
Base Collateral Management Fee means the sum of (i) the fee payable to the Collateral Manager on each Payment Date pursuant to the Collateral Management Agreement, equal to 0.15 per cent. per annum (calculated on the basis of a 360 day year and the actual number of days elapsed in such Due Period) of the daily weighted average aggregate of the Principal Balances of the Portfolio Collateral during the Due Period ending immediately preceding such Payment Date and (ii) any value added tax in respect thereof (whether payable to the Collateral Manager or directly to the relevant taxing authority).
Base Collateral Management Fee. A fee, if any, payable to the Collateral Manager equal to the percentage per annum, specified in Section 8(b) of the Collateral Management Agreement (calculated on the basis of a 360-day year consisting of twelve 30-day months) of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date; provided, however, that so long as TICC Capital Corp. is the Collateral Manager, the Base Collateral Management Fee shall be zero.
Base Collateral Management Fee means, with respect to any Payment Date (or other relevant date), an amount equal to 0.15% per annum of the Fee Basis Amount for such Payment Date (or other relevant date); provided that (i) such fee will be calculated on the basis of a 360-day year consisting of twelve 30 day months and (ii) in the event that the Collateral Manager is removed or
Base Collateral Management Fee payable in arrears on each Distribution Date pursuant to Section 8 of the Collateral Management Agreement and Section 11.1 of the Indenture, in an amount (as certified by the Manager to the Trustee) equal to 0.35% per annum of the sum of the Aggregate Principal Amount outstanding on the first day of the Due Period preceding such Distribution Date, (b) a "Subordinated Collateral Management Fee" payable in arrears on each Distribution Date pursuant to Section 8 of the Collateral Management Agreement and Section 11.1 of the Indenture, in an amount (as certified by the Manager to the Trustee) equal to 0.15% per annum of the sum of the Aggregate Principal Amount outstanding on the first day of the Due Period preceding such Distribution Date, and (c) a "Contingent Collateral Management Fee" payable in arrears on each Distribution Date pursuant to Section 8 of the Collateral Management Agreement and Section 11.1 of the Indenture, equal to 0.25% per annum of the Aggregate Principal Amount outstanding on the first day of the Due Period preceding such Distribution Date and as provided in the Indenture; provided, however, that the Contingent Collateral Management Fee will be payable on each Distribution Date only to the extent that (after taking into account any distributions to be made to the Subordinated Notes on such Distribution Date) the holders of the Subordinated Notes have received an internal rate of return of 10% per annum on the amount of the initial principal amount of the Subordinated Notes for the period from the Closing Date to such Distribution 54 Date, to the extent of funds available for such purpose in accordance with the priorities of payment described under Section 11.1 of the Indenture.
Base Collateral Management Fee. The fee payable to the Collateral Manager in arrears on each Payment Date (prorated for the related Interest Accrual Period) pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 of this Indenture, in an amount equal to (a) for so long as Xxxxxxxx Investment Group LP (or any Affiliate thereof) is the Collateral Manager, 0.00% or (b) at any other time, 0.25%, each per annum (calculated on the basis of a 360-day year consisting of twelve 30-day months) of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date; provided that the Base Collateral Management Fee payable on any Payment Date shall not include any such fee (or any portion thereof) that has been waived by the Collateral Manager pursuant to Section 8(b) of the Collateral Management Agreement no later than the Determination Date immediately prior to such Payment Date.
Base Collateral Management Fee. ’ means the fee payable to the Collateral Manager on each Payment Date pursuant to the Collateral Management Agreement equal to 0.10 per cent. per annum of the daily average Aggregate Principal Balance of all the Collateral Debt Assets during the Due Period preceding such Payment Date, as such fee may be amended with the approval of the Controlling Class and subject to Rating Agency Con¢rmation, if a successor Collateral Manager is appointed;