Performance Fee definition

Performance Fee means a performance fee in such amount as shall be agreed between the ICAV and/or the Manager and the Investment Manager which shall be disclosed in the Prospectus.

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Performance Fee means the fee, if any, defined in the relevant Supplement.

Performance Fee shall have the meaning set forth in Section 10(b).

Examples of Performance Fee in a sentence

• If the Adviser elects to receive any portion of its Management Fee or Performance Fee in Class E Common Shares, the Adviser or any subsequent transferee thereof may elect, subject to the Trust’s ability to meet the applicable REIT requirements, to have the Trust repurchase such Class E Common Shares from the Adviser or any subsequent transferee at a later date at a repurchase price per Class E Common Share equal to the then NAV per Class E Common Share.

• As a result, the Adviser does not earn a Performance Fee for any calendar quarter until Core Earnings for the applicable Performance Measurement Period exceeds the Hurdle Rate.

• The Performance Fee shall be in an amount, not less than zero, equal to (i) 12.5% of Core Earnings for the immediately preceding quarter (each such period, a “Performance Measurement Period”), subject to a hurdle rate, expressed as a rate of return on average Adjusted Capital, equal to 1.25% per quarter (the “Hurdle Rate”), or an annualized hurdle rate equal to 5.0%.

More Definitions of Performance Fee

Performance Fee means the fee payable to the Advisor under certain circumstances if certain performance standards have been met and the Subordinated Incentive Fee has not been paid.

Performance Fee means the fee defined in the relevant Supplement.

Performance Fee means the fee payable to the Advisor under Section 4.9 hereof.

Performance Fee has the meaning set forth in Section 8.02(ii).

Performance Fee has the meaning set forth in Section 3.2.

Performance Fee. As defined in Section 7.2.

Performance Fee means the fee expressed in a percentage imposed by the Portfolio Manager for each Fund.