Gross Assets Under Management definition

Gross Assets Under Management means the aggregate total value of all assets under the direct or indirect management or oversight by the Company or its affiliates, without any deduction for debt or leverage.
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Gross Assets Under Management means the total Fund capital, including cash, notes (at book value), real estate owned (at book value), accounts receivable, advances made to protect loan security, unamortized organizational expenses and any other Fund assets valued at fair market value. The Asset Management Fee will be paid on the last day of each calendar month with respect to Gross Assets Under Management as of the first day of the immediately preceding month. As such, the Asset Management Fee may exceed .229% per month but the total fee in any given year will be limited to 2.75% of the Gross Assets Under Management calculated as of the last day of the Fund's fiscal year.
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Gross Assets Under Management means the acquisition cost plus the cost of any improvements of any assets owned by the Company or the appraised value of any assets as determined by an independent third party appraiser.
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Examples of Gross Assets Under Management in a sentence

  • For purposes of calculating the Management Fee, Gross Assets Under Management shall be measured as of the last Business Day of each month, and the Management Fee for that month shall be paid on the first Business Day of the subsequent month.

  • The Company shall pay to the Manager a monthly asset management fee equal to one percent (1.0%) of the then Gross Assets Under Management (the "Asset Management Fee").

  • After the second Fiscal Year after the Effective Date, the Manager may increase the Asset Management Fee up to one quarter of one percent (.25%) per Fiscal Year, up to a maximum Asset Management Fee of two percent (2%) of the then Gross Assets Under Management.

  • The Company shall pay to the Manager an annual asset management fee equal to one and 50/100 percent (1.50%) of the then Gross Assets Under Management (the “Asset Management Fee”), payable monthly.