Initial Management Fee definition
Examples of Initial Management Fee in a sentence
Upon receipt by the Vendor's Advocate of the Apportionments and the Initial Management Fee (as defined in the Lease) in cleared funds, the Vendor shall give possession of the Unit to the Purchaser.
Upon receipt by the Vendor's Advocate of the Apportionments and the Initial Management Fee (as defined in the Sub-lease) in cleared funds, the Vendor shall give possession of the Unit to the Purchaser.
The Initial Management Fee is computed and paid based on the beginning balance of each Capital Account as of the beginning of each calendar quarter, but shall be prorated for subscriptions or distributions that are effective other than at the beginning or the end, respectively, of a calendar quarter.
On the date hereof, the Company shall pay the Manager $[________], representing the pro rata portion of the Initial Management Fee for the quarter ending June 30, 2003.
Neither the General Partner nor the Investment Manager shall be subject to the Initial Management Fee.
During the Initial Two Year Term, the Company shall pay the Initial Management Fee in quarterly installments in advance equal to $75,000.00.