Incentive Fees. The Subordinated Share of Net Sales Proceeds, the Subordinated Incentive Fee and the Performance Fee. Independent Director. Independent Director shall have the meaning set forth in the Articles of Incorporation.
Incentive Fees. For the avoidance of doubt, the provisions governing incentive fees on existing assets remain intact and shall not be deemed amended by this Agreement. The Investment Manager and each Sub-Advisor may agree in writing from time to time on an incentive fee with respect to particular investments or asset classes managed by such Sub-Advisor.
Incentive Fees. Incentive Fee Type Incentive Amount No contact incentive1 $100 Paid in Full (previously 60+ days past due) Short Payoff (Refinance or Note Sale) 1.50% of UPB – Minimum: $500; Maximum: $5,000 1.25% of UPB – Minimum: $500; Maximum: $5,000 Modifications2 1.50% of UPB Payment Plan or other workouts 0.75% of UPB Short Sale3 1.50% of Sales Price – Minimum: $500; Maximum: $5,000 Deed in Lieu 0.5% of UPB – Minimum: $500; Maximum: $3,000 REO Disposition4 1.00% of Sales Price – Minimum: $750; Maximum: $5,000 1 To earn the no contact incentive fee, the Subservicer must take a no contact account and establish produc- tive contact with the borrower (even if that productive contact does not result in a workout).
Incentive Fees. Each Approved Subservicer shall be entitled to receive the following incentive fees for short sale resolutions of Delinquent Subserviced Loans: Sale Price to BPO Incentive Floor $ Cap $ <80% 0.00% 0 0 80% – 85% 0.50% 500 4,500 85% – 90% 0.75% 500 4,500 >90% 1.25% 500 4,500 The short sale incentive shall be the gross sale price multiplied by the incentive percentage, subject to the Floor and Cap, as per the table above. The short sale incentives will be netted with any Treasury-paid servicer incentives in which the Approved Subservicer participates (e.g., Home Affordable Foreclosure Alternatives (“HAFA”) incentives, if applicable); provided, however, that if a loan is HAFA eligible, and the related Approved Subservicer participates in HAFA, such Approved Subservicer shall retain all HAFA incentives so long as the HAFA incentive is greater than the contract incentive. If the contract incentive is greater than the HAFA incentive, the Approved Subservicer shall keep the HAFA incentive and JPMorgan shall pay the Approved Subservicer the difference between the full contract incentive and the HAFA incentive.
Incentive Fees. For the avoidance of doubt, the provisions governing incentive fees on existing assets remain intact and shall not be deemed amended by this Agreement. The Investment Manager and each Sub-Advisor may agree in writing from time to time on an incentive fee with respect to particular investments or asset classes managed by such Sub-Advisor. Schedule 2-1 Schedule 2-2 ALL Legacy Incentive Fee Schedule
1. Incentive Fee. In addition to the Management Fee set forth on Schedule 2.1, solely with respect to assets purchased by ALL prior to the Effective Date, the Investment Manager shall pay to ALL an incentive fee equal to twenty percent (20%) of the realized proceeds (including principal repayments and coupon payments, “Proceeds”) in excess of the cost of each investment recommended by ALL, subject to the return of any realized losses on investments recommended by ALL pursuant to this Schedule 2-2 and return of the Preferred Return in respect to each investment, each as fully described below (the “Incentive Fee” and together with the Management Fee, the “Fees”). Specifically, Proceeds from each investment will be allocated as follows:
(i) First, to the Investment Manager’s applicable clients (the “Clients”) until such Clients have received an amount equal to: (a) the cost of such investment, plus (b) an amount equal to any previously unreturned realized losses from investments recommended by ALL pursuant to this Schedule 2-2;
(ii) Second, to the applicable Clients until such Clients have received an amount equal to interest at the rate of eight percent (8%) per annum, compounded annually, on the cost of such investment, computed from the dates the applicable Clients purchased such investment until the dates that such Clients have been returned the applicable amounts with respect to such investment pursuant to item (i) above (the “Preferred Return”);
(iii) Third, (a) 80% to ALL and (b) 20% to the applicable Clients, until ALL has received an amount equal to twenty percent (20%) of the sum of the allocations made pursuant to item (ii) above with respect to such investment and amounts then and previously allocated pursuant to this item (iii) with respect to such investment; and
(iv) Finally, 80% to the applicable Clients and 20% to ALL. For the avoidance of doubt, (i) other than temporary impairments, determined by each applicable Client in accordance with such Client’s accounting policies and procedures, shall be treated as realized losses and (ii) the applicable Cli...
Incentive Fees. Schedule 2.9(k) of the Seller Parties Disclosure Letter sets forth certain incentive fees that the applicable Target Companies shown thereon will be obligated to pay. With respect to the Development Management and Lease Up Agreements with Xxxxxxxx Industrial Properties, Inc. (“Xxxxxxxx”) set forth on Schedule 2.9(k) of the Seller Parties Disclosure Letter, Seller Parties have caused the applicable Target Companies on or prior to the date hereof to enter into amendments to such agreements shown on Schedule 2.9(k) of the Seller Parties Disclosure Letter, pursuant to which the parties thereto have agreed upon a fixed amount that will serve as payment in full of all fees and other payments due to Xxxxxxxx under the applicable agreements, and Seller Parties shall be solely responsible for payment of such amounts, and shall cause such amounts to be paid in full at or prior to Closing. With respect to the Project Management Agreement with Verus Partners, LLC (“Verus”) shown on Schedule 2.9(k) of the Seller Parties Disclosure Letter, if all amounts due thereunder have not been paid in full to Verus at or prior to Closing, with reasonable evidence thereof provided to Buyer, Seller Parties shall be obligated at Closing to deliver to Buyer (a) evidence of all lien waivers related to the construction work being performed at the applicable Property and managed by Verus pursuant to the Project Management Agreement (the “Lien Waivers”) and (b) written acknowledgement from Verus of the maximum amount that could be due to Verus under such Project Management Agreement (the “Maximum Verus Payment”), and Seller Parties shall credit Buyer the Maximum Verus Payment at Closing. Buyer after Closing shall pay Verus the Maximum Verus Payment when due under the terms of the Project Management Agreement, less any amounts that may be owed to contractors or other parties in connection with the work contemplated by the Project Management Agreement (which amounts shall be paid to such contractors from the Maximum Verus Payment, or, if such contractors have already been paid by or on behalf of Seller Parties, such amounts shall be paid to Seller Parties). Notwithstanding anything to the contrary contained herein, if Seller Parties are unable to provide all of the Lien Waivers at Closing, Seller Parties shall have the right to bond over or otherwise cause the Title Company to insure against the same (which bond or insurance shall be reasonably satisfactory to Buyer in form and substance); ...
Incentive Fees. Nothing in this Agreement shall prohibit the MLP from paying to Teekay or any other Teekay Entity certain incentive fees that are approved by the Conflicts Committee, in its sole discretion, and which relate to LNG projects provided to the MLP by Teekay or other Teekay Entities.
Incentive Fees. Upon a Triggering Event, the Company shall pay to the Advisor a Total Incentive Fee, as calculated following the methodology below. If the Company pays the Advisor the Total Incentive Fee associated with one Triggering Event, the Company will not pay the Advisor any further incentive fees. For each Triggering Event, the Total Incentive Fee is equal to the applicable Legacy Incentive Fee described in Section 8.05, subject to the Hall and XxXxxxxx Fee Reduction described in Section 8.06. Any Total Incentive Fee due on Public NAV REIT Conversion will be payable to the Advisor in Common Shares and such shares will be subordinate to repurchase requests from other Stockholders under the Company’s share repurchase plan (although no deduction for early repurchase will apply to the Advisor’s Common Shares).
Incentive Fees. Congoleum shall pay ABI an annual incentive fee as determined by a majority of the disinterested members of the Board of Directors.
Incentive Fees. Consultant will participate in Altair’s executive bonus compensation pool with an annual target incentive fee equal to € 85,000 for the Initial Term. Fifty (50%) percent of such target incentive fees shall be paid in monthly instalments during the Initial Term and the balance of the incentive fees shall be paid at such time or times as such incentives are paid to other members of the executive bonus compensation pool. After the Initial Term, Consultant’s target incentive fee shall be as determined from time to time by Altair.
