Subordinated Management Fee definition

Subordinated Management Fee. The fee payable to the Collateral Manager in arrears on each Payment Date pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 of this Indenture, in an amount equal to 0.25% per annum, calculated on the basis of the actual number of days in the applicable Interest Accrual Period divided by 360, of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date.

Subordinated 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 0.35% 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.

Subordinated Management Fee has the meaning assigned to such term in the Collateral Management Agreement.

Examples of Subordinated Management Fee in a sentence

• Such factors could create an incentive for the Collateral Manager to manage the Portfolio in such a manner as to seek to maximise the return on the Portfolio to increase the amount of payments to it by way of Subordinated Management Fee or as a Subordinated Noteholder.

• Figure 1.1 represents a schematic view of the structure of thesis.

• The Collateral Manager is entitled to receive a Senior Management Fee, a Subordinated Management Fee and an Incentive Collateral Management Fee from the Issuer out of proceeds received by the Issuer from the Collateral Obligations, payable in accordance with the Priorities of Payments or, in respect of the Incentive Collateral Management Fee only, pursuant to Condition 3(k)(vi) (Supplemental Reserve Account).

• On the Maturity Date, the Successor Manager shall be paid an amount equal to the Accrued Subordinated Management Fee less the Deferred Subordinated Management Fee (the Successor Management Fee).

• The Senior Management Fee and the Subordinated Management Fee may be adjusted at the discretion of the Issuer (with the consent of the Trustee, Rating Agency Confirmation and an Extraordinary Resolution of each Class of Noteholders) in the event of a replacement or Substitute Investment Manager being appointed in place of the Investment Manager.

More Definitions of Subordinated Management Fee

Subordinated Management Fee means the fee payable to the Collateral Manager on the final Payment Date, after all Termination Obligations have been paid in full, pursuant to Section 3(c) of this Agreement, in an amount equal to 0.50% per annum of the average of (x) the Collateral Principal Amount as of the first day and (y) the Collateral Principal Amount as of the last day, in each case, of each calendar month during each Interest Accrual Period, which amount shall accrue on each Payment Date until the Maturity Date.

Subordinated Management Fee. For each Payment Date, an amount equal to the product of (i) twenty percent (20%) and (ii) the Management Fee and Management Fee Arrearage payable on such date.

Subordinated Management Fee means a fee payable to the Collateral Manager equal to [0.35]% 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 Maximum Investment Amount as of the first day of the Collection Period for the related Payment Date payable in accordance with the Priority of Payments.

Subordinated Management Fee means management fees payable by Holdings or any of its Subsidiaries to Sponsor pursuant to the Management Services Agreement in an aggregate annual amount not to exceed $600,000, which shall not be payable (1) at any time when an Event of Default in respect of payment obligations hereunder shall have occurred and is continuing (or would be caused by such payment) and (2) prior to the payment in full, in Cash, of all Obligations following the occurrence of, and during the continuance of, an Event of Default in Section 8.1(f), Section 8.1(g) or Section 8.1(h) (relating to bankruptcy).

Subordinated Management Fee means the fee (exclusive of VAT) payable to the Collateral Manager in arrear on each Payment Date in respect of the immediately preceding Due Period, pursuant to the Collateral Management and Administration Agreement payable in accordance with the Priorities of Payment in an amount as determined by the Collateral Administrator equal to the Collateral Manager Distribution Percentage (on the date of determination of the Subordinated Management Fee) of the Subordinated Distribution Amount.”

Subordinated Management Fee has the meaning specified in the MSC Management Agreement.

Subordinated Management Fee means, a fee, payable in arrears on each Payment Date, in an amount equal to (A) if MIC holds no Preferred Shares, 0.10% per annum (calculated on the basis of a 360-day year consisting of twelve 30-day months) of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date and (B) if MIC holds any Preferred Shares, $0.