OP Management Fee definition

OP Management Fee shall have the meaning set forth in Section 10(a).
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OP Management Fee shall have the meaning set forth in Section 4(a).
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OP Management Fee shall have the meaning set forth in Section 8.01.
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Examples of OP Management Fee in a sentence

  • No OP Management Fee will be paid at any time with respect to Class E units of the Operating Partnership.

  • No OP Management Fee will be paid at any time with respect to Class E units of the Operating Partnership (“Class E Units”).

  • The Trust Parties will pay the Adviser a management fee (the “DST Management Fee” and, together with the Trust Management Fee and the OP Management Fee, the “Management Fee”) equal to 1.25% per annum, payable monthly, of the aggregate DST Property Consideration for all DST Properties subject to a master lease.

  • The OP Management Fee may be paid, at the Adviser’s election, in cash or cash equivalent aggregate NAV amounts of Adviser Management Fee Units or any combination thereof.

  • The Company and the Operating Partnership may offer different classes of Shares or Partnership Units which feature a higher or lower Company Management Fee or OP Management Fee, as applicable, equal to up to 1.25% of NAV of the respective share class or unit class, as applicable, per annum payable monthly.


More Definitions of OP Management Fee

OP Management Fee shall have the meaning set forth in Section 10(a). “Operating Partnership” shall have the meaning set forth in the preamble of this Agreement. “Operating Partnership Agreement” shall mean the Limited Partnership Agreement of the Operating Partnership, as amended from time to time. “Organization and Offering Expenses” shall have the meaning set forth in the Charter. “Other Blackstone Accounts” shall mean investment funds, REITs, vehicles, accounts, products and/or other similar arrangements sponsored, advised and/or managed by Blackstone, whether currently in existence or subsequently established (in each case, including any related successor funds, alternative vehicles, supplemental capital vehicles, surge funds, over-flow funds, co- investment vehicles and other entities formed in connection with Blackstone side-by-side or additional general partner investments with respect thereto). “Person” shall mean an individual, corporation, business trust, estate, trust, partnership, joint venture, limited liability company or other legal entity. “Prospectus” shall have the meaning set forth in the Charter. “Real Estate-Related Securities” shall have the meaning set forth in the Charter. “Real Estate-Related Assets” shall mean any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities. “Real Property” shall have the meaning set forth in the Charter. “REIT” shall have the meaning set forth in the Charter.
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Related to OP Management Fee

  • Base Management Fee means the base management fee, calculated and payable quarterly in arrears in cash, in an amount equal to 1.50% per annum of the Company’s Equity. For purposes of calculating the Base Management Fee, outstanding limited partnership interests in the Operating Partnership (other than limited partnership interests held by the Company) shall be treated as outstanding Common Stock. The Base Management Fee shall be pro rated for partial periods, to the extent necessary, as described more fully elsewhere herein.

  • Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral Management Fee.

  • Management Fee has the meaning given in Section 4.1.

  • Management Fees means, with respect to each Project for any period, an amount equal to the greater of (i) actual management fees payable with respect thereto and (ii) three percent (3%) per annum on the aggregate base rent and percentage rent due and payable under leases at such Project.

  • Professional Fee Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses that Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.B of the Plan.

  • Annual Fee has the meaning stated in Section 4.02(a).

  • Utilization management section means “you or your authorized representative.” Your representative will also receive all notices and benefit determinations.

  • Asset management means a systematic process of operating and maintaining the state system of

  • Administration Fee means the fee payable to the Administrator pursuant to Section 3 of the Administration Agreement.

  • Stormwater management facility means a control measure that controls stormwater runoff and changes the characteristics of that runoff including, but not limited to, the quantity and quality, the period of release or the velocity of flow.

  • Services Fee means, collectively, the Senior Services Fees and the Subordinated Services Fees.