Incentive Fee shall have the meaning set forth in the Prospectus.
Incentive Fee shall have the meaning as set forth in Section 11.01B.
Incentive Fee shall have the meaning set forth in Section 6.01 B.
Examples of Incentive Fee in a sentence
A portion of the Incentive Fee is based on a percentage of the Company’s income and a portion is based on a percentage of its capital gains, each as described below.
The Incentive Fee will consist of two components that are independent of each other, with the result that one component may be payable even if the other is not.
The Adviser may agree to temporarily or permanently waive, in whole or in part, the Management Fee and/or the Incentive Fee.
The Company’s primary operating expenses include the payment of the Management Fee (as defined below) and the Incentive Fee (as defined below) to the Adviser, legal and professional fees, interest, fees and other expenses of Financings and other operating and overhead related expenses.
The Capital Gains Incentive Fee, is payable at the end of each calendar quarter in arrears.
More Definitions of Incentive Fee
Incentive Fee has the meaning set forth in Section 4(a)(ii).
Incentive Fee shall have the meaning specified in Section 3.2.
Incentive Fee means a fee to be paid to the Manager pursuant to the Declaration of Trust, consisting of an annual fee equal to 10% of the Incentive Fee Revenue for such period;
Incentive Fee means an additional fee paid as an incentive to the FSMC to improve SFA’s food service participation, the amount of which depends on FSMC’s performance during the current school year and related to a benchmark number established by the SFA. Incentive Fees may only apply to meals served in the SFA’s food service operation during the current school year.
Incentive Fee means the incentive management fee calculated and payable with respect to each calendar quarter (or part thereof) that this Agreement is in effect in arrears in an amount, not less than zero, equal to the difference between:
Incentive Fee means an annual incentive fee equal to (a) 20% of the amount by which the Net Asset Value per Unit of a series on the last Valuation Day of such calendar year (before giving effect to any distributions by the Fund since the High Water Mark and adjusted to exclude the accrual of the incentive fee during the calendar year) exceeds 103% of the High Water Mark, multiplied by (b) the average number of Units of that series outstanding during such calendar year, calculated as described herein;
Incentive Fee means the incentive fee payable to the Manager, which shall be calculated and payable with respect to each calendar quarter (or part thereof that this Agreement is in effect) in arrears in an amount, not less than zero, equal to the difference between (1) the product of (a) 20% and (b) the difference between (i) AFFO of BRG for the previous 12-month period, and (ii) the product of (A) the weighted average of the issue price of equity securities issued in the Public Offering and in future offerings and transactions of BRG, multiplied by the weighted average number of all shares of Class A Common Stock outstanding on a fully-diluted basis (including, for the avoidance of doubt, any restricted stock units, any restricted shares of Class A Common Stock, Equity Incentive Plan units, and other shares of common stock underlying other awards granted under one or more of BRG’s Equity Incentive Plans and units of limited partnership interest in the Operating Partnership) in the previous 12-month period, exclusive of equity securities issued prior to the Public Offering, and (B) 8%, and (2) the sum of any Incentive Fees paid to the Manager with respect to the first three calendar quarters of such previous 12-month period; provided, however, that no Incentive Fee is payable with respect to any calendar quarter unless AFFO is greater than zero for the four most recently completed calendar quarters, or the number of completed calendar quarters since the Closing Date of the Public Offering, whichever is less. For purposes of calculating the Incentive Fee during the first 12 months after completion of the Public Offering, AFFO will be determined by annualizing the applicable period following completion of the Public Offering. If the Effective Termination Date does not correspond to the end of a calendar quarter, the Manager’s Incentive Fee shall be calculated for the period beginning on the day after the end of the calendar quarter immediately preceding the Effective Termination Date and ending on the Effective Termination Date, which Incentive Fee shall be calculated using AFFO for the 12-month period ending on the Effective Termination Date.