Management Return Payment Date definition
Management Return Payment Date means each February 15 and August 15 of each year.
Examples of Management Return Payment Date in a sentence
On each Management Return Payment Date, commencing on the first Management Return Payment Date after the date hereof, the Company shall pay to the Manager the Management Return; provided, however, that such payments shall only be made if all required distributions have been made pursuant to Sections 4.1(a)(i), 4.1(a)(ii), 4.1(a)(iii) and 4.1(a)(iv).
If the Company fails to make any payment required to be made pursuant to this Section 6.5 on or before the applicable Management Return Payment Date, then the amount to be distributed with respect to that Management Return Payment Date shall bear interest at the Preferred A Rate from that Management Return Payment Date to the date that the required payment is actually made.