Management Incentive Fee definition

Management Incentive Fee means an amount calculated as a percentage of Base NPI Net Proceeds as determined from the following table: • 2.0% of Base NPI Net Proceeds of up to an including $25 million, plus • 1.75% of Base NPI Net Proceeds in excess of $25 million and up to and including $50 million, plus • 1.0% of Base NPI Net Proceeds in excess of $50 million.

Management Incentive Fee means the fee described in Section 6.12(e).

Management Incentive Fee has the meaning provided in the Management Agreement.

Examples of Management Incentive Fee in a sentence

• Award of a Management Incentive Fee is not guaranteed in any year and it may be suspended at any time in its entirety or for any year in the discretion of the Board based upon the Company’s financial performance, liquidity position and/or otherwise to comply with certain lender requirements.

• Any Management Incentive Fee earned shall be paid in the final payroll period of the applicable calendar year and in accordance with the Company’s customary payroll procedures; provided, that you must remain an employee in good standing of the Company on the scheduled payment date in order to earn a Management Incentive Fee for such year.

• The Partnership and the Management Agent agree that the Management Agent must provide the additional management services described in paragraph 7 of this Agreement, in addition to fulfilling those terms and obligations set forth in the Management Agreement, in order to be entitled to receive the Management Incentive Fee.

• Upon a Majority vote of the Board of -------------------------- Managers, Patina may earn a "Management Incentive Fee" if, substantially as a result of its efforts, the Company's performance exceeds specific performance targets established by the Board of Managers.

• As of the second and each subsequent Conversion Election, the Adjusted Management Incentive Fee Base will equal the product of (x) one minus the Applicable Conversion Percentage for such Conversion Election and (y) the Adjusted Management Incentive Fee Base in effect immediately prior to such Conversion Election.

More Definitions of Management Incentive Fee

Management Incentive Fee has the meaning given thereto in Section 3.9.

Management Incentive Fee means the Annual Incentive Amount, plus interest accrued thereon (if any), conditionally payable to the Management Agent for each of the Measurement Years of the Compliance Period.

Management Incentive Fee means a cash management fee paid quarterly pursuant to, and subject to the limitations of, Section 7.4(d).

Management Incentive Fee means amount distributable to each Common Member under Section 7.3 based on the applicable Management Incentive Fee Percentage.

Management Incentive Fee means that a fee payable by Ensource Reserves Management, LLC to the Company.

Management Incentive Fee has the meaning assigned to such term in the Partnership Agreement, as in effect on the date of this Indenture.

Management Incentive Fee has the meaning assigned to such term in the QRE Partnership Agreement.