Management Fee Offset definition

Management Fee Offset has the meaning specified in Section 6.2.2.
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Management Fee Offset. An offsetting fee credit applied against quarterly incentive fees earned by the Adviser and its affiliates under the Advisory Agreement based on management fee revenue earned by the Adviser and its affiliates from managing Included Funds; and
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Examples of Management Fee Offset in a sentence

  • If on termination of the Fund, any amount of Fee Income remains that has not been applied to reduce the Management Fee pursuant to this Section 8.4 (Management Fee Offset), the Fund Manager shall cause such amounts to be paid to the Non-Defaulting Partners (excluding any such Non-Defaulting Partners that have elected by written notice to the General Partner not to received such amounts) pro rata in proportion to their respective Commitments.

  • If on termination of the Fund, any amount of Fee Income remains that has not been applied to reduce the Management Fee pursuant to this Section 8.4 (Management Fee Offset), the Fund Manager shall cause such amounts to be paid to the Non- Defaulting Partners (excluding any such Non-Defaulting Partners that have elected by written notice to the General Partner not to received such amounts) pro rata in proportion to their respective Commitments.

  • If on termination of the Fund, any amount of Fee Income remains that has not been applied to reduce the Management Fee pursuant to this Section 8.48.5 (Management Fee Offset.), the Fund Manager shall cause such amounts to be paid to the Non-Defaulting Partners (excluding any such Non-Defaulting Partners that have elected by written notice to the General Partner not to received such amounts) pro rata in proportion to their respective Commitments.

  • Management Fee Offset Each quarterly Management Fee instalment shall be reduced (but not below zero) by an amount equal to each Limited Partner’s pro rata share of the aggregate amount of Fee Income paid since the preceding payment date.

  • For the avoidance of doubt, the Company will not be eligible to receive a Management Fee Offset on management fee revenue accrued or earned by the Adviser and its affiliates following the seven (7) year anniversary of the Offset Start Date.

  • If on termination of the Fund, any amount of Fee Income remains that has not been applied to reduce the Management Fee pursuant to this Section 8.5 (Management Fee Offset.), the Manager shall cause such amounts to be paid to the Non-Defaulting Partners (excluding any such Non-Defaulting Partners that have elected by written notice to the General Partner not to received such amounts) pro rata in proportion to their respective Commitments.

  • The Management Fee Offset shall be calculated based on management fees earned by the Adviser and its affiliates from managing any aircraft assets in the Included Funds during the seven (7) year period commencing on the Offset Start Date.

  • Beginning on the Offset Start Date, subject to the terms hereof, the Adviser agrees to provide a Management Fee Offset and Incentive Fee Offset (collectively, the “Fee Offset”) to the Company.

  • The Fee Offset will be calculated and paid on a quarterly basis in arrears, with the Management Fee Offset and Incentive Fee Offset calculations detailed further in paragraph three (3).

  • The Management Fee Offset shall cease to be earned seven (7) years after the Offset Start Date.

Related to Management Fee Offset

  • Management Fees means any amounts payable by the Company or any Restricted Subsidiary in respect of management or similar services.

  • Management Fee has the meaning given in Section 4.1.

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

  • Asset Management Fee shall have the meaning set forth in Section 8.03.

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.