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Prospectus.", "title": "Incentive Fee", "id": "incentive-fee", "examples": ["Subsequent to any Exchange Listing, the Company will pay the Advisor (i) a Base Management Fee calculated at an annual rate of 1.25% of the Company\u2019s average gross assets, at the end of the two most recently completed calendar quarters and (ii) the Income <strong>Incentive Fee</strong> and Capital Gains <strong>Incentive Fee</strong> described above except that all of the 12.5% figures referenced therein will be increased to 15.0%.", "On the later of (a) the tenth (10th) anniversary of the Effective Date, and (b) the tenth (10th) anniversary of the most recent amendment to this Agreement (if applicable), and on each tenth (10th) anniversary thereafter, either Party may give written notice to the other Party at least one hundred eighty (180) days prior thereto to renegotiate the amount of Base Fee or <strong>Incentive Fee</strong> payable by the Company.", "The Company will pay to the Advisor an 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compared to the closing stock price of Company Common Stock on the last trading day of the prior year, in each case assuming all dividends on the common stock during such period are reinvested into additional shares of Company Common Stock on the day such dividends are paid.", "Notwithstanding the foregoing, upon any termination of this Agreement for any reason, any unpaid <strong>Incentive Fee</strong> (including any <strong>Incentive Fee</strong> installment for the stub period ending on the termination date) shall become fully earned and immediately due and payable without regard to the FCCR Condition defined below.", "If the Parties are unable to agree on a revised Base Fee or <strong>Incentive Fee</strong>, then the revised compensation amount shall be determined by an \u201cArbitration Panel\u201d comprised of three members all of whom have sufficient knowledge and experience of external asset management entities, the national hospitality lodging industry generally and industry 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