IMA Fee definition
Examples of IMA Fee in a sentence
This Lease Agreement is a lease to ASC by IMA and its Members (the "Lease") on those portions of the IMA Fee Property hereinafter described for the purposes of operating a commercial alpine ski resort (the "IMA Ski Lease Property").
The Parties hereby grant transferable ROW Easements to and across the IMA Fee Property and the ASC Fee Property in the general locations depicted on the Preliminary Development Plan ("the ROW Easements)".
Payment of the IMA Fee shall be made by GCRe to Max Re Managers Ltd.
The Reduced IMA Fee shall thereafter apply until such time as GCRe no longer requires an insurance manager, the IMA is terminated hereunder or the parties agree otherwise in writing.
Notwithstanding the foregoing, the IMA Fee shall be reduced prospectively, pro rata, to $75,000 per three month term or extension, as applicable (the “Reduced IMA Fee”), effective the date on which Max Re Ltd.