Designated Fees definition

Designated Fees shall have the meaning as set forth in Section 16.03.

Designated Fees means the fees for the Designated Services set forth in Exhibit 4.

Designated Fees means the the SI Services Fees and the Steady State Fees set forth in EXHIBIT 4.

Examples of Designated Fees in a sentence

• Upon determination of the value of an option on the date such options are to be issued, as determined using the Black-Scholes Model (the “Black-Scholes Amount”), provided payment in the form of options has been approved by the board of directors of AHT, AHT agrees to issue to Manager the number of options for common stock of AHT determined by dividing the Designated Fees by the Black-Scholes Amount per option, and any balance remaining shall be paid to Manager in cash.

• Upon determination of the Strike Price for such common stock (and provided payment in the form of common stock has been approved by the board of directors of AHT), XXX agrees to issue to Manager the number of shares of common stock in AHT determined by dividing the Designated Fees by the Strike Price per share of common stock, and any balance remaining shall be paid to Manager in cash.

• The number of stock options to be issued in lieu of the Designated Fees shall be based upon the “Black-Scholes Model” as follows: The term “Black-Scholes Model” means the Black-Scholes model for valuing the “fair value” of an option calculated based on historical data and calculated probabilities of future stock prices, reasonably applied.

More Definitions of Designated Fees

Designated Fees means the sum of the property management fees paid or payable to the Advisor or its Affiliates with respect to each property which becomes the subject of a Designated Property Management Agreement during the twelve month period immediately prior to the management agreement covering such property becoming a Designated Property Management Agreement minus Excluded Management Fees. In the event the Advisor or its Affiliates managed any such property for less than the twelve months required for this calculation, the amount during the actual period managed shall be annualized.

Designated Fees means the fixed annual fees set forth in Exhibit 3 for the Designated Services.

Designated Fees shall have the meaning as set forth in SECTION 16.03.