Senior Management Fee. The fee payable to the Collateral Manager in arrears on each Payment Date (prorated for the related Interest Accrual Period), including any Redemption Date, pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1, in an amount equal to 0.15% 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 Maximum Investment Amount at the beginning of the Collection Period relating to such Payment Date.
Senior Management Fee has the meaning assigned to such term in the Collateral Management Agreement.
Senior Management Fee means the “Senior Management Fee” as defined in the Investment Management Agreement.
Examples of Senior Management Fee in a sentence
The Senior Management Fee will be calculated on the basis of a calendar year consisting of 360 days and the actual number of days elapsed.
Net present value, for the purpose of this definition, shall be calculated as follows: the Senior Management Fee Amount discounted by (i.e. divided by) seven percent (7%) to the power of “n” with “n” being the number of years in the discount period.
Net present value, for the purpose of this definition, shall be calculated as follows: the Senior Management Fee Amount, discounted by (i.e. divided by) seven percent (7%), to the power of “n” with “n” being the number of years in the discount period.
Management Fees are payable on each Payment Date only to the extent that sufficient Interest Proceeds or Principal Proceeds are available in accordance with the Priority of Payments, and if the Senior Management Fee or the Subordinated Management Fee is not paid on any Payment Date for any reason, other than a waiver thereof by the Manager, such fees will be deferred and will accrue interest in accordance with Section 11.1(d) of the Indenture.
More Definitions of Senior Management Fee
Senior Management Fee means the Senior Management Fee (as defined in the Portfolio Management Agreement) payable quarterly by the Issuer to the Portfolio Manager in respect of each Class of Notes in accordance with the Portfolio Management Agreement.
Senior Management Fee means the fee payable in arrear on each Payment Date in respect of each Due Period pursuant to the Senior Management Agreement in an amount, as determined by the Collateral Administrator, equal to 0.20 per cent. per annum calculated on the average monthly Portfolio Market Value during the relevant Due Period (adjusted to apply in respect of all Non-Excluded Investments as defined in the Market Valuation Manual) (exclusive of any applicable value added tax payable thereon).
Senior Management Fee means a fee payable to the Collateral Manager equal to 0.15% 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 MaximumInvestment Amount as of the first day of the Collection Period for the related Payment Date payable in accordance with the Priority of Payments.
Senior Management Fee. A fee that is payable on each Payment Date (subject to availability of funds and to the Priority of Payments) in an amount equal to 0.20% per annum of the Available Asset Amount as of the first day of the related Due Period. The Senior Management Fee is payable before any interest payments on the Secured Notes and is calculated on the basis of a calendar year consisting of 360 days and the actual number of days elapsed during the related Due Period. The Collateral Manager may, in its sole discretion, elect in a written notice to each of the Trustee and the Collateral Administrator prior to the Determination Date relating to any Payment Date, to waive payment of all or any portion of the Senior Management Fee payable to the Collateral Manager on such Payment Date; provided that such election may be rescinded by the Collateral Manager with respect to any such Payment Date by subsequent written notice to each of the Trustee and the Collateral Administrator at any time prior to the Determination Date relating to such Payment Date. For the avoidance of doubt, any Senior Management Fee so waived with respect to any Payment Date shall not be payable to the Collateral Manager on any subsequent Payment Date.
Senior Management Fee means an amount equal to 0.10% per annum multiplied by the average of the daily Total Portfolio Value for the preceding Payment Period, payable monthly in arrears to the Investment Manager on each Payment Date.
Senior Management Fee means the fee payable to the Collateral Manager in arrears on each Payment Date in respect of each Due Period pursuant to the Collateral Management and Administration Agreement in an amount, as determined by the Collateral Administrator, equal to 0.15 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.
Senior Management Fee means an amount equal to 0.12% per annum (computed on the basis of the actual number of days elapsed in the Payment Period in respect of which payment is being made divided by 360) multiplied by the average of the daily Total Portfolio Value for the preceding Payment Period, payable monthly in arrears to the Investment Manager on each Payment Date.