Subordinated Management Fee definition

Subordinated Management Fee. The fee payable to the Collateral Manager in arrears on each Payment Date pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 of this Indenture, in an amount equal to 0.25% per annum, calculated on the basis of the actual number of days in the applicable Interest Accrual Period divided by 360, of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date.
Subordinated Management Fee has the meaning assigned to such term in the Collateral Management Agreement.
Subordinated Management Fee means the fee payable to the Collateral Manager on the final Payment Date, after all Termination Obligations have been paid in full, pursuant to Section 3(c) of this Agreement, in an amount equal to 0.50% per annum of the average of (x) the Collateral Principal Amount as of the first day and (y) the Collateral Principal Amount as of the last day, in each case, of each calendar month during each Interest Accrual Period, which amount shall accrue on each Payment Date until the Maturity Date.

Examples of Subordinated Management Fee in a sentence

  • Such factors could create an incentive for the Collateral Manager to manage the Portfolio in such a manner as to seek to maximise the return on the Portfolio to increase the amount of payments to it by way of Subordinated Management Fee or as a Subordinated Noteholder.

  • In the event that the sum of Adjusted NOI and the Subordinated Management Fee, in any Fiscal Year, does not equal or exceed the Subordination NOI Threshold for such Fiscal Year (an “NOI Shortfall”), then the Tenant shall have the option to terminate this Agreement by providing a ninety (90) day written notice (a “Performance Termination Notice”) to the Management Company.

  • Door control handle, when in the "rear" position, shall energize a solenoid that unlocks the door.

  • With the consent of the Collateral Manager and a Majority of the Preferred Interests, without regard to whether such Class would be materially and adversely affected thereby, the Trustee and the Issuer may execute one or more indentures supplemental hereto to modify the Subordinated Management Fee or the Incentive Management Fee.

  • In Japan's new Strategic Energy Plan (April, 2014 Cabinet decision), based on this concept, the storage capacity of spent fuel will be expanded.


More Definitions of Subordinated Management Fee

Subordinated Management Fee. For each Payment Date, an amount equal to the product of (i) twenty percent (20%) and (ii) the Management Fee and Management Fee Arrearage payable on such date.
Subordinated Management Fee means a fee payable to the Collateral Manager equal to [0.35]% per annum (calculated on the basis of a 360 day year and the actual number of days elapsed and subject to availability of funds and to the Priority of Payments) of the Maximum Investment Amount as of the first day of the Collection Period for the related Payment Date payable in accordance with the Priority of Payments.
Subordinated Management Fee means management fees payable by Holdings or any of its Subsidiaries to Sponsor pursuant to the Management Services Agreement in an aggregate annual amount not to exceed $690,000, which shall not be payable (1) at any time when an Event of Default in respect of payment obligations hereunder shall have occurred and is continuing (or would be caused by such payment) and (2) prior to the payment in full, in Cash, of all Obligations following the occurrence of, and during the continuance of, an Event of Default in Section 8.1(f), Section 8.1(g) or Section 8.1(h) (relating to bankruptcy).
Subordinated Management Fee has the meaning specified in the MSC Management Agreement.
Subordinated Management Fee. The fee payable by the Issuer as compensation for the performance of the obligations of the Collateral Manager in arrears on each Payment Date pursuant to Section 6(a) of the Collateral Management Agreement and Section 11.1 of this Indenture, in an amount equal to 0.30% per annum (calculated on the basis of a 360-day year and the actual number of days elapsed during the related Collection Period) of the Fee Basis Amount as of the beginning of the Collection Period relating to such Payment Date, from which the Collateral Manager shall be entitled to receive the Subordinated Management Fee; provided that so long as BCRED is the Collateral Manager, the Subordinated Management Fee shall be 0% per annum of the Fee Basis Amount. “Subordinated Notes”: The Subordinated Notes issued pursuant to this Indenture and having the characteristics specified in Section 2.3. “Subsequent Delivery Date”: The settlement date with respect to the Issuer’s acquisition of a Collateral Obligation to be pledged to the Trustee after the Closing Date. “Substitute Obligations”: The meaning specified in Section 12.2(b). “Successor Entity”: The meaning specified in Section 7.10(a).
Subordinated Management Fee means the fee payable to the Collateral Manager in arrears on each Payment Date in respect of the immediately preceding Due Period, pursuant to the Collateral Management and Administration Agreement equal to 0.35 per cent. per annum (calculated on the basis of a 360 day year and the actual number of days elapsed in such Due Period) of the Collateral Principal Amount as at the first day of the Due Period (or if such day is not a Business Day, the next day which is a Business Day) immediately preceding such Payment Date, as determined by the Collateral Administrator.
Subordinated Management Fee. The fee payable to the Portfolio Manager in arrears on each Payment Date (prorated for the related Collection Period) pursuant to Section 8(a) of the Portfolio Management Agreement and Section 11.1 of this Indenture, in an amount equal to 0.35% per annum (calculated on the basis of a 360-day year consisting of twelve 30-day months) of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date; provided that the Subordinated Management Fee payable on any Payment Date shall not include any such fee (or any portion thereof) the payment of which has been irrevocably waived by the Portfolio Manager pursuant to Section 11.1(d) no later than the Determination Date immediately prior to such Payment Date.