Base Fee. The Company shall pay to the Advisor a base fee (the “Base Fee”) payable quarterly in arrears in cash, for services provided by the Advisor in the preceding quarter. For purposes of this Agreement, the “Base Fee” will be equal to the sum of (i) a per annum Base Fee Percentage of the Total Market Capitalization of the Company plus (ii) the Key Money Asset Management Fee, if any, subject to the payment of a minimum quarterly base fee (“Minimum Base Fee”), if applicable. For purposes of this Agreement, the following terms have the meanings set forth below:
Appears in 4 contracts
Samples: Advisory Agreement (Ashford Hospitality Prime, Inc.), Advisory Agreement (Ashford Hospitality Trust Inc), Advisory Agreement (Ashford Inc)
