Subordinated Base Management Fee definition

Subordinated Base Management Fee shall have the meaning set forth in Section 3.1(c).
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Examples of Subordinated Base Management Fee in a sentence

  • The Hotel Subordinated Base Management Fee is paid in all circumstances when the actual Operating Profit exceeds the projected Operating Profit.) Commencing on the first day of the sixth (6th) full Fiscal Year after the Management Commencement Date, the $500,000.00 difference threshold amount shall be adjusted annually ( and for each subsequent Fiscal Year) by the Consumer Price Index and any such adjustment shall be stated in the Annual Operating Projection for the related Fiscal Year.

  • Notwithstanding the other terms, covenants and conditions of this Agreement, if Manager shall be required to incur a cost in excess of Five Thousand and No/100 Dollars ($5,000) in any calendar year to comply with its obligations under this Section 8.17, all such costs in excess of Five Thousand and No/100 Dollars ($5,000) shall be disregarded as an Operating Expense in calculating NOI for purposes of calculating the Incentive Management Fee and Subordinated Base Management Fee.

  • The Hotel Subordinated Base Management Fee and Conference Center Subordinated Base Management Fee shall be paid to Management Company at such time as the Annual Operating Statement for the Hotel Facility and Conference Center Facility for the applicable Fiscal Year is approved by Owners as provided in Section 9.01.

  • Excluding Management Company's right to receive payment of the Hotel Base Management Fee, Hotel Subordinated Base Management Fee, Conference Center Base Management Fee, and Conference Center Subordinated Base Management Fee, this Agreement and all of the rights and benefits of Management Company hereunder are, and shall be subject and subordinate to any Qualified Loan(s) which now or hereafter encumber the Hotel Facility and/or Conference Center Facility.

  • The Incentive Management Fee shall be considered an Operating Expense, but shall be excluded when computing the Incentive Management Fee and Subordinated Base Management Fee.

  • In no event shall Subordinated Base Management Fee be paid from sources other than cash flow resulting from NOI above the Minimum Threshold Return.

Related to Subordinated Base Management Fee

  • Base Management Fee means the base management fee, calculated quarterly in arrears, equal to 25% of the Fee Amount;

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

  • Asset Management Fee shall have the meaning set forth in Section 8.02.

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

  • Subordinated Incentive Fee means the fee payable to the Advisor under certain circumstances if the Shares are Listed, as calculated in Section 8.07.

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

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Management Fee Subordination Agreement means that certain Amended and Restated Management Fee Subordination Agreement, dated as of the Closing Date, by and between the Sponsor and Agent and acknowledged by the Borrower.

  • Incentive Fee shall have the meaning set forth in the Prospectus.

  • 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.

  • Administrative Fee is defined in Section 4.1(a).

  • Management Expenses means the Management Expenses more particularly described in Clause 10.1;

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • Financing Coordination Fee means the fees payable to the Advisor pursuant to Section 10(e).

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Maintenance Fee The Maintenance Fee (see Contract Schedule I) will be deducted during the Accumulation Period from the Current Value on each anniversary of the date the Account is established and upon surrender of the entire Account.

  • Exit Management Date means each of the following:

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

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • 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.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Targeted case management means services that assist a beneficiary to access needed 2 medical, educational, social, prevocational, vocational, rehabilitative, or other community services. The 3 service activities may include, but are not limited to, communication, coordination and referral;

  • 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.

  • Advisory Fee shall have the meaning given to it in Section 2.2(f) hereof.