Management Fee Distributions definition
Examples of Management Fee Distributions in a sentence
Management Fee Distributions and Portfolio Expense Distributions shall be calculated and distributed by the Fund at such intervals as determined from time to time by the Trustee and shall be payable first out of Net Income and Net Capital Gains of the Fund for the taxation year with respect to which the Management Fee Distributions or Portfolio Expense Distributions are made and otherwise out of the capital of the Fund.
Permit the ratio of (a) the consolidated current assets of Borrower and its Subsidiaries as of the last day of any Fiscal Quarter, to (b) the consolidated current liabilities of Borrower and its Subsidiaries as of the same date (excluding accrual accounts for Earn Out Payments, Tax Agreement Amounts and Management Fee Distributions, but in any event including the Revolving Usage) in each case determined in accordance with GAAP, to be less than 0.90:1.00.
The SUM OF Net Income of Borrower and its Subsidiaries for the Test Fiscal Quarter PLUS accrued but unpaid Management Fee Distributions of Borrower and its Subsidiaries for the Test Fiscal Quarter was $_____________________.
This Section 12.18(i) deals only with the Management Fee EBITDA Deduction as it relates to the calculation of EBITDA and shall not affect the actual Management Fee or Priority Management Fee Distributions to which SFOG II is entitled under the Flags II Limited Partnership Agreement.
As of the Determination Date, the ratio of (a) the consolidated current assets of Borrower and its Subsidiaries as of the Determination Date, to (b) the consolidated current liabilities of Borrower and its Subsidiaries as of the Determination Date (excluding accrual accounts for Earn Out Payments, Tax Agreement Amounts and Management Fee Distributions, but in any event including the Revolving Usage) (in each case determined in accordance with GAAP) was $_____________________.
This Section 11.16(i) deals only with the Management Fee EBITDA Deduction as it relates to the calculation of EBITDA and shall not affect the actual Management Fee or Priority Management Fee Distributions to which SFOT II is entitled under the Flags II Limited Partnership Agreement.
Management Fee Distributions and Adjusted Quarterly Tax Distributions which accrue during any Fiscal Year but are not paid may continue to accrue and be paid in subsequent Fiscal Years to the extent permitted by the foregoing provisions of this Section.
Management Fee Distributions shall be calculated and credited on each business day and distributed at least quarterly and shall be payable out of net income and net realized capital gains of the Fund to the extent that the Fund earns or realizes such income or gains in the year in which the Management Fee Distributions are made, and otherwise out of capital.
Permit Net Income PLUS accrued but unpaid Management Fee Distributions to be less than zero for any two consecutive Fiscal Quarters, (beginning with the two Fiscal Quarters ending April 30, 2000 and July 31, 2000).
Management Fee Distributions shall be calculated and distributed at such intervals as prescribed from time to time by the General Partner and shall be payable out of assets of the particular Series of the Partnership.