Management Expense definition

Management Expense means with respect to any Property, 3% of revenues derived from the operation of such Property.
View Source
Management Expense means, with respect to any Eligible Property for any period, an amount equal to three percent (3%) of the Gross Golf Revenues during such period with respect to each such Eligible Property.
View Source

Examples of Management Expense in a sentence

  • The Management Expense Ratio (MER) is the primary cost charged to manage the fund, which may include a trailing commission.

  • The Management Expense Ratio (“MER”) is the primary cost charged to manage the fund, which may include a trailing commission.

  • Additionally, as the Borrowing Base Property financial information becomes available (i.e. after the Borrowing Base Property has been in operation for one quarter, two quarters, etc.) such actual information shall be used, as adjusted, by “annualizing” the amounts so that such amounts are received on a monthly basis over the course of a year and fairly stated for each period, and as further adjusted for “property expenses,” Management Expense and Replacement Reserves.

  • Upon the death of the beneficiary, the owner shall make available all funds paid pursuant to this contract, including any cumulative Management Expense Allowance, and all interest accrued on these monies, as calculated in accordance with the Regulations.

  • Since the fee is charged on the value of your account, these fees are called “asset-based.” Our fee covers more than a typical asset-based advisory fee; it includes portfolio management costs, trading costs (other than Management Expense Ratio (MER) fees, administrative fees and foreign exchange fees, as described below), custodial costs and operational costs.

  • Additionally, as the Borrowing Base Asset financial information becomes available (i.e. after the Borrowing Base Asset has been in operation for one quarter, two quarters, etc.) such actual information shall be used, as adjusted, by “annualizing” the amounts so that such amounts are received on a monthly basis over the course of a year and fairly stated for each period, and as further adjusted for “property expenses,” Management Expense and Replacement Reserves.

  • This exclusion does not apply to Claims or Suits for Crisis Management Expense and/or Regulatory Compliance Expense.

  • Alamo will further provide operational support which includes, SFA, Sample Management, Expense Reporting, and Learning Management System.

  • For the avoidance of doubt, the fees and expenses charged by the parties engaged by the Manager to provide the assistance described in clauses 3.7(a) and (b) shall be paid for by the Company or reimbursed by the Company to the Manager and are not included in the Management Expense Amount.

  • Notwithstanding the foregoing, in no event will the sum of the Annual Rent plus the Management Expense Recovery for the first year of any extension term be greater than 110% of, or less than 90% of, the sum of the Annual Rent plus the Management Expense Recovery charged in the final year of the Term prior to such extension.

Related to Management Expense

  • Management Expenses means the costs, charges and expenses necessarily and reasonably incurred or to be incurred for the management and maintenance of the Land and the Building and the Common Areas and Facilities therein to be borne by the Owners including the remuneration of the Manager as provided in this Deed;

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • Medical expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • Independent expenditure means an expenditure by a person: