Base Management Fee. The Base Management Fee will be calculated at an annual rate of 1.25% of the Company's average daily net assets. The base management fee will be payable quarterly in arrears and will be calculated based on the average daily value of the Company's net assets during such period. The base management fee may or may not be taken in whole or in part at the discretion of the Advisor. All or any part of the base management fee not taken as to any quarter will be deferred without interest and may be taken in such other quarter as the Advisor will determine. The base management fee for any partial month or quarter will be appropriately prorated.
Appears in 9 contracts
Samples: Investment Advisory Agreement (CC Real Estate Income Fund-T2), Investment Advisory Agreement (CC Real Estate Income Fund-T2), Investment Advisory Agreement (NorthStar Real Estate Capital Income Fund-C)
Base Management Fee. The Base Management Fee will shall be calculated at an annual rate of 1.252.0% of the Company's ’s average daily net gross assets. The base management fee will Base Management Fee shall be payable quarterly in arrears arrears, and will shall be calculated based on the average daily value of the Company's net ’s gross assets during such period. The base management fee may or may not be taken in whole or in part at the discretion end of the Advisortwo most recent completed calendar quarters. All or any part of the base management fee Base Management Fee not taken as to any quarter will shall be deferred without interest and may be taken in such other quarter as the Advisor will shall determine. The base management fee for any partial month or quarter will be appropriately prorated.
Appears in 6 contracts
Samples: Investment Advisory and Administrative Services Agreement (Terra Income Fund 6, Inc.), Investment Advisory and Administrative Services Agreement (Terra Income Fund 6, Inc.), Investment Advisory and Administrative Services Agreement (Terra Income Fund 6, Inc.)
Base Management Fee. The Base Management Fee will shall be calculated at an annual rate of 1.25% one and one half percent (1.5%) of the Company's ’s average daily net gross assets. The base management fee will Base Management Fee shall be payable quarterly in arrears arrears, and will shall be calculated based on the average daily value of the Company's net ’s gross assets during such period. The base management fee may or may not be taken in whole or in part at the discretion end of the Advisortwo most recently completed calendar quarters. All or any part of the base management fee Base Management Fee not taken as to any quarter will shall be deferred without interest and may be taken in such other quarter as the Advisor will Adviser shall determine. The base management fee Base Management Fee for any partial month or quarter will shall be appropriately proratedpro rated.
Appears in 4 contracts
Samples: Investment Advisory and Management Services Agreement (Business Development Corp of America), Investment Advisory and Management Services Agreement (Business Development Corp of America), Investment Advisory and Management Services Agreement (Business Development Corp of America)
Base Management Fee. The Base Management Fee will be is calculated at an annual rate of 1.25% of the Company's average daily net assets. The base management fee will be payable quarterly in arrears and will be calculated based on the average daily value of the Company's ’s net assets during such periodat the end of the two most recently completed calendar quarters. The base management fee may or may not be taken Adviser may, in whole or in part at the discretion its discretion, defer payment of the Advisor. All or any part of the base management fee not taken as Base Management Fee, without interest, to any quarter will be deferred without interest and may be taken in such other quarter as the Advisor will determinesubsequent quarter. The base management fee Base Management Fees for any partial month or quarter will be appropriately proratedare prorated based on the number of days in the quarter.
Appears in 2 contracts
Samples: Investment Advisory Agreement (AGL Private Credit Income Fund), Investment Advisory Agreement (AGL Private Credit Income Fund LP)
Base Management Fee. The Base Management Fee will be is calculated at an annual rate of 1.25% of the Company's ’s average daily net assetsasset value at the end of the two most recently completed calendar months. The base management fee will be payable quarterly Adviser may, in arrears and will be calculated based on the average daily value its discretion, defer payment of the Company's net assets during such period. The base management fee may or may not be taken in whole or in part at the discretion of the Advisor. All or any part of the base management fee not taken as Base Management Fee, without interest, to any quarter will be deferred without interest and may be taken in such other quarter as the Advisor will determinesubsequent month. The base management fee Base Management Fees for any partial month or quarter will be appropriately proratedare prorated based on the number of days in the month.
Appears in 2 contracts
Samples: Investment Advisory Agreement (North Haven Private Income Fund a LLC), Investment Advisory Agreement (North Haven Private Income Fund LLC)
