Incentive Fees definition
Incentive Fees means incentive compensation paid by Lessee to Operator for performance above budgeted expectations, achievable to a maximum payout of 2% of Gross Hotel Income. The following will trigger Incentive Fee payouts:
Incentive Fees means the Subordinated Share of Net Sales Proceeds, the Subordinated Incentive Fee and the Performance Fee.
Incentive Fees means, collectively, the Subordinated Incentive Fees Due Upon Listing, the Subordinated Participation in Net Sales Proceeds, and the Subordinated Performance Fee Due Upon Termination.
Examples of Incentive Fees in a sentence
The foregoing provisions shall apply regardless of when the Management Fees or Incentive Fees, as applicable, are actually paid and, to the extent such allocations are not taken into account in determining Net Working Capital, any Party receiving a payment to which it is not entitled under this Section 2.07 shall promptly pay over such amounts to the Party or other Person to whom such payment belongs.
As it relates to Fund Incentive Fees, the Parties shall work together in good faith to make such amendments or other modifications to the Fund Documents as may be reasonably necessary to ensure that the Fund Incentive Fees may be paid directly to the appropriate recipient and in a Tax-efficient manner, in each case as described in greater detail in Section 6.11.
As of the Closing Date, except as it relates to the right to receive Incentive Fees in accordance with Section 2.07 and Section 6.11, no Person other than the Sellers or the Company will own any Equity Interest in any Group Entity.
More Definitions of Incentive Fees
Incentive Fees means fees (including any carried interest) payable by the Funds to the Borrower or its consolidated subsidiaries, which are contingent based on the performance of the Funds’ Investment returns.
Incentive Fees with respect to a Fund shall mean the product of (x) the aggregate percentage ownership of third party investors of the Fund (based on their percentage ownership interest in the Fund as of the Incentive Fee Calculation Date) and (y) all incentive fee or promote (or equivalent) amounts paid or distributed in cash to the Company Group in its direct or indirect capacity as investment manager, general partner or managing member of the Fund that are in excess of distributions payable to the Company Group in respect of its or its affiliates’ percentage interest (whether as general partner, limited partner or member) in the Fund’s capital on the Incentive Fee Calculation Date; provided, however, that Incentive Fees shall not include (i) management fees, whether or not payable as a distribution by the Fund, payable to the Company Group that are based on a fixed percentage of a Fund’s capital, capital commitments, net asset value or similar amount (i.e., “management fees”), (ii) dividends, distributions and/or interest earned on investments in preferred stock or debt securities of the Funds, (iii) fees paid to the Company Group in its capacity as investment advisor to investment companies registered under the Investment Company Act of 1940, as amended, and (iv) any other fees payable by a Fund to the Company Group or its affiliates in respect of services provided to the Fund. Notwithstanding anything to the contrary herein, the Committee, in its sole discretion, can determine and alter the definition of Incentive Fees with respect to any Fund for any Bonus Pool. For the avoidance of doubt, it is intended that the definition of Incentive Fees shall not include any portion of an applicable incentive fee or promote (or equivalent) that was paid by the Fund based on the Company Group’s percentage ownership interest in the applicable Fund as of the Incentive Fee Calculation Date.
Incentive Fees means the payments due to the Holders of Class B Units pursuant to the terms of the version of Section 5.01C of the Agreement of Limited Partnership of GKK Capital LP dated August 2, 2004 that is in effect on June 28, 2007.
Incentive Fees means any “Incentive Fee” as defined under a Management Contract or any similar fee paid to the manager in excess of the base fee provided for thereunder in consideration for the manager achieving a certain performance threshold or thresholds.
Incentive Fees means: for each Approved Project that is Accepted and (I) included within the Initial Program Area during the first three (3) Billing Years of the Program or (II) designated by the Parties as a Capital Repair and Replacement Project in accordance with the Master Maintenance Agreement, an aggregate amount not to exceed [REDACTED]
Incentive Fees means, with respect to any period and any Incentive Fee Fund, any incentive or performance fee, carried interest or similar fee or allocation customarily considered an incentive or performance fee or carried interest actually received by the Adviser from such Incentive Fee Fund in cash or securities in respect of such period, net of any such amounts that are paid or payable to or passed through to a sub-advisor or other party, including by way of performance fee related compensation.
Incentive Fees means fees agreed to between Borrower and the Waiving Lenders pursuant to writings acceptable to those Lenders, in consideration for the waiver by the relevant Extending Lenders of the Required Payments which would otherwise be made to them.