Base Fee. For his services to the Company during the Engagement Period, the Company shall pay Xxxxxxx a fee at the annual rate of not less than Two Hundred ($200,000) Dollars (the “Annual Fee”) payable in equal monthly installments.
Base Fee. The Company shall pay to the Advisor a base fee (the “Base Fee”) payable quarterly in arrears in cash, for services provided by the Advisor in the preceding quarter. For purposes of this Agreement, the “Base Fee” will be equal to the sum of (i) a per annum Base Fee Percentage of the Total Market Capitalization of the Company plus (ii) the Key Money Asset Management Fee, if any, subject to the payment of a minimum quarterly base fee (“Minimum Base Fee”), if applicable. For purposes of this Agreement, the following terms have the meanings set forth below:
Base Fee. 1. As in the initial year, the Base Fee shall be calculated each month on a daily basis by applying the Base Fee Rate to the total Fund Net Assets from the prior day. Formula: Daily Base Fee = Prior Day Fund Net Assets * (Base Fee Rate / 365 or 366) ● Performance Fee
Base Fee. $30 million (Avg Daily Net Assets For Most Recent Month) * 0.45% * (31/365) = $11,465.75 Performance Fee: $20 million (Avg Daily Net Assets for rolling 12-month period) * -0.35% * (31/365) = $(5,945.21) Total Fulcrum Fee: $5,520.55 = $11,465.75 (Base Fee) - $5,945.21 (Performance Fee)
Base Fee. The Company shall pay to the Advisor a quarterly base fee (the “Base Fee”) payable in arrears in cash, for services provided by the Advisor in the preceding quarter. For purposes of this Agreement, the “Base Fee” will be equal to 0.70% per annum of the Total Market Capitalization of the Company, subject to the payment of a minimum quarterly base fee (“Minimum Base Fee”), if applicable. For purposes of this Agreement, “Total Market Capitalization” shall be calculated on a quarterly basis as (i) the average of the volume-weighted average price per share of Ashford Prime’s common stock for each trading day of the preceding quarter multiplied by the average number of shares of Ashford Prime’s common stock outstanding during such quarter, on a fully-diluted basis (assuming all common units and long term incentive partnership units in the Operating Partnership which have achieved economic parity with common units in the Operating Partnership have been converted to common stock in the Company), plus (ii) the quarterly average of the aggregate principal amount of the Company’s consolidated indebtedness (including the Company’s proportionate share of debt of any entity that is not consolidated but excluding the Company’s joint venture partners’ proportionate share of consolidated debt), plus (iii) the quarterly average of the liquidation value of the Company’s outstanding preferred equity. The Minimum Base Fee for each quarter will be equal to the greater of (i) 90% of the Base Fee paid for the same quarter in the prior year and (ii) the G&A Ratio multiplied by the Company’s Total Market Capitalization. For purposes of this Agreement, the “G&A Ratio” will be calculated as the simple average of the ratios of total general and administrative expenses, less any non-cash expenses but including any dead deal costs, paid in the applicable quarter by each member of a select peer group set forth in Exhibit A (each, a “Peer Group Member” and collectively, the “Peer Group”), divided by the total enterprise value of such Peer Group Member (calculated in the same manner as the Company’s Total Market Capitalization). The G&A Ratio for each Peer Group Member will be calculated based on the financial information presented in such Peer Group Member’s Form 10-Q or 10-K periodic filings with the SEC following the end of each quarter. The Peer Group may be modified from time to time by mutual written agreement of the Advisor and a majority of the Independent Directors, negotiating in...
Base Fee. (1) The PRA will provide for base fees to be paid by HUD.
Base Fee. A base fee (the “Base Fee Rate”) shall be calculated as follows: Base Fee Rate multiplied by the notional amount, multiplied by the number of calendar days during the calculation period, divided by 365, where: the Base Fee Rate = 60 basis points per year; 1 basis point = 0.0001; and the notional amount is the market capitalization of the Customer, which is defined as:
Base Fee. 5.1 During the Term of this Agreement, the Corporation shall pay to the Executive a fee of $250,000 per annum (the "Base Fee"), less required statutory deductions, payable in equal semi-monthly installments or as otherwise determined by the Corporation. The Executive's Base Fee will be reviewed by the Board of Directors of the Corporation from time to time, and may be increased (but not decreased) at the sole discretion of the Board of Directors, based upon such factors as the Board of Directors in its sole discretion determines are relevant, which factors may include the performance of the Corporation and the employment compensation arrangements of other corporations carrying on a similar business and of a similar size to the Corporation in Canada.
Base Fee. On or before the tenth (10th) day of each calendar month during the Term, and at the expiration or sooner termination of the Term, Owner shall pay to Manager an amount equal to the Base Fee for the period from the commencement of the then current Operating Year to the end of the immediately preceding calendar month or the date of such expiration or sooner termination of the Term, as the case may be, less the aggregate amount of monthly payments theretofore paid in respect of the Base Fee for such Operating Year.
Base Fee. 4.1 Subject to the terms and conditions set out in this Agreement, the Company shall pay to the Consultant, throughout the Term, a base fee (the “Base Fee”) of $72,000 per annum ($6,000 per month), to be paid semi-monthly or in such other instalments and at such other times as the Consultant and the Company may agree.
