Management Fee Income definition
Management Fee Income means, for any period, all gross revenues, income, fees and other amounts earned and paid to a service provider during such period (without regard to any General & Administrative Expenditures or other expenses) pursuant to any management agreements, sponsor agreements, service agreements or similar arrangements relating to any Property and to which a Group Member is party, in each case to the extent Allocable to Borrower.
Management Fee Income means any income earned from managing a store or facility not owned by the Companies.
Management Fee Income has the meaning set forth in SECTION 2.04(a).
Examples of Management Fee Income in a sentence
Each fee shall be payable by the Adviser to the Sub-Adviser within three business days of the date that the Adviser receives its Base Management Fee, Income Incentive Fee or Capital Gains-Based Incentive Fee, as applicable, from the Fund.
More Definitions of Management Fee Income
Management Fee Income means, as of any date of determination and for a given period, an amount (without duplication and determined on a consistent basis with prior periods) equal to: (i) the sum of: (a) the revenue paid or payable in cash earned by the Borrower and its Subsidiaries from third parties (without regard to whether such third parties are consolidated with the Borrower for financial reporting purposes under GAAP) and Unconsolidated Affiliates (excluding the portion thereof payable (directly or indirectly) on account of Borrower’s Ownership Share therein) for property and asset management services (including, without limitation, construction management and leasing related fees and services) related to Properties managed on behalf of such parties, minus (b) operating expenses incurred by the Borrower and its Subsidiaries in connection with such property management and asset services. “Mandatorily Redeemable Stock” means, with respect to any Person, any Equity Interest of such Person which by the terms of such Equity Interest (or by the terms of any security into which it is convertible or for which it is exchangeable or exercisable), upon the happening of any event or otherwise (a) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than an Equity Interest to the extent redeemable in exchange for common stock or other equivalent common Equity Interests), (b) is convertible into or exchangeable or exercisable for Indebtedness, or (c) is redeemable at the option of the holder thereof, in whole or in part (other than an Equity Interest which is redeemable in exchange for common stock or other equivalent common Equity Interests, or, at the option of the Person responding to the redemption, for cash in lieu of Equity Interests, or a combination thereof); in each case, on or prior to the RevolvingLatest Maturity Date. “Material Acquisition” means any acquisition of assets by ▇▇▇▇▇▇ ▇▇▇▇, the Borrower or any Subsidiary or any Unconsolidated Affiliate in which the assets acquired exceed ten percent (10%) of the then Total Asset Value (not taking into account such new acquisition).
Management Fee Income means, as of any date of determination and for a given period, an amount (without duplication and determined on a consistent basis with prior periods) equal to: (i) the sum of: (a) the revenue paid or payable in cash earned by the Borrower and its Subsidiaries from third parties (without regard to whether such third parties are consolidated with the Borrower for financial reporting purposes under GAAP) and Unconsolidated Affiliates (excluding the portion thereof payable (directly or indirectly) on account of Borrower’s Ownership Share therein) for property and asset management services (including, without limitation, construction management and leasing related fees and services) related to Properties managed on behalf such parties, minus (b) operating expenses incurred by the Borrower and its Subsidiaries in connection with such property management and asset services.