Collateral Management Fees definition

Collateral Management Fees means, collectively, Senior Collateral Management Fees and Subordinated Collateral Management Fees.

Collateral Management Fees means the Senior Collateral Management Fee, the Subordinated Collateral Management Fee and the Incentive Collateral Management Fee.

Collateral Management Fees shall have the meaning set forth in Section 8(a).

Examples of Collateral Management Fees in a sentence

• At such time as the Notes are redeemed in whole in connection with an Optional Redemption (other than a Refinancing) or a Tax Redemption, without duplication, all accrued and unpaid Senior Collateral Management Fees, Current Deferred Senior Management Fees, Cumulative Deferred Senior Management Fees and Senior Collateral Management Fee Shortfall Amounts (collectively, the “Aggregate Senior Collateral Management Fee”) shall be due and payable to the Collateral Manager.

• In consideration of the transactions contemplated by the investment advisory agreement between as PennantPark Investment Advisers, LLC and the BDC, for so long as PennantPark Investment Advisers, LLC is the Collateral Manager, the Collateral Manager hereby irrevocably directs the Borrower and the Collateral Agent to pay all Senior Collateral Management Fees and Subordinated Collateral Management Fees payable to the Collateral Manager hereunder directly to the BDC.

• The Collateral Manager shall be required to pay such expenses for its own account and shall not be entitled to any payment therefor other than the Senior or Subordinated Collateral Management Fees.

• As compensation for its servicing and collateral management activities hereunder and reimbursement for its expenses, the Collateral Manager shall be entitled to receive the Senior and Subordinated Collateral Management Fees to the extent of funds available therefor pursuant to the Priority of Payments, as applicable.

• The Collateral Management Fees are not intended to be and shall not be construed to be interest.

More Definitions of Collateral Management Fees

Collateral Management Fees means, collectively, the Senior Management Fees and the Subordinated Management Fees.

Collateral Management Fees means the fees described in the first sentence of Section 4 of the Collateral Management Agreement.

Collateral Management Fees means the monthly fee, accruing from the Closing Date, payable in arrears on each Payment Date for the related Interest Accrual Period, in an amount equal to 0.40% per annum (calculated on the basis of a 360 day year and the actual number of days elapsed) of the aggregate Principal Balance of all Collateral Loans as of the last day of the related Collection Period. For the avoidance of doubt, the Collateral Manager may waive the right to receive the Collateral Management Fees on any Payment Date.

Collateral Management Fees means the Management Fee and the Incentive Fee.

Collateral Management Fees means, collectively, the Senior Management Fee, the Subordinated Management Fee and the Incentive Management Fee.

Collateral Management Fees means the monthly fee, accruing from the Closing Date, payable in arrears on each Payment Date for the related Interest Accrual Period, in an amount equal to 0.50% per annum (calculated on the basis of a 360 day year and the actual number of days elapsed) of the aggregate Principal Balance of all Collateral Loans as of the last day of the related Collection Period. For the avoidance of doubt, the Collateral Manager may waive the right to receive the Collateral Management Fees on any Payment Date.

Collateral Management Fees means the Initial Fee, the Annual Fee and the Performance Fee.