Payment of Management Fees. At any time that (x) an Event of Default or an Unmatured Event of Default shall have occurred and be continuing with respect to such Fund or Portfolio and (y) Loans are outstanding with respect to such Fund or Portfolio, not pay, or cause to be paid, any management or advisory fees of any type in respect of such Fund or Portfolio to its Adviser, whether pursuant to the terms of an investment advisory agreement or not; provided, however, that notwithstanding the foregoing, such Fund or Portfolio shall not be prohibited to record on its financial statement accruals with respect to such management or advisory fees.
Payment of Management Fees. 6.2.1 Party A shall pay annual royalty to Party B prior to [·] of each year within the effective period of this contract.
Payment of Management Fees. All management fees due hereunder shall be paid to Manager. Any late payments of management fees not made after three (3) days written notice to Owner shall bear interest from their original due date equal to ten percent (10%) per annum until fully paid. Notwithstanding anything herein to the contrary, the management fees provided under this Article III shall be subordinate and subject to the agreements of Manager provided in Section 1.05(b) above.
Payment of Management Fees. At any time that an Event of Default shall have occurred and be continuing, the Borrower will not pay, or cause or permit to be paid, any management or advisory fees of any type to the Investment Advisor, whether pursuant to the terms of an investment advisory agreement or not.
Payment of Management Fees. On or before the tenth (10th) day of each month during the term hereof, Lessee shall be obligated to pay Manager an estimated management fee, calculated in accordance with Section 3.01 hereof, based on the estimated Gross Revenues of the Facility during the current month. All management fees due hereunder shall be withdrawn from the Operating Accounts and paid to Manager. Any late payments of management fees not made after three (3) days written notice to Lessee shall bear interest equal to the Advance Rate (as defined in Section 5.11 hereof) from their original due date until fully paid.
Payment of Management Fees. The Borrower shall not be obligated to pay, nor permit the Manager to be paid, any Management Fees until (i) all interest, principal and other amounts then due under this Agreement to the Lenders have been paid, (ii) a cash reserve covering all accrued but unpaid interest through the next following Determination Date has been set aside and (iii) all the Administrative Expenses for the relevant Interest Period have been paid. The Manager shall expressly agree to subordinate its right to payment of the Management Fee, following the occurrence of a Default or an Event of Default, to the payment in full of all Administrative Expenses and all payments due to the Administrative Agent and the Lenders under this Agreement. Furthermore, the Borrower may not pay any Management Fees or make any equity distributions to the Equity Owner to the extent that immediately following such payment or distribution, as applicable, the Overcollateralization Test (as determined for purposes of this (k)) would not be satisfied.
Payment of Management Fees. Prior to the expiration of the Wage Savings Period, unless otherwise approved by a majority vote of the Series C Directors, none of Wings, the Company or any of their subsidiaries will pay any management fees to any stockholder of Wings or any affiliate of any such stockholder.
Payment of Management Fees. 45 5.13. Issuance of Additional Equity . . . . . . . . . . . . . . . . 45 5.14. Removal of Assets . . . . . . . . . . . . . . . . . . . . . . 45 5.15. Modifications to Organic Documents . . . . . . . . . . . . . . 46 5.16.
Payment of Management Fees. The Borrower shall not be obligated to pay, nor permit the Manager to be paid, any Management Fees until (i) all interest, principal and other amounts then due under this Agreement to the Administrative Agent and the Lenders have been paid, (ii) a cash reserve covering all accrued but unpaid interest through the next following Payment Date has been set aside and (iii) all the Administrative Expenses for the relevant Interest Period have been paid. The Borrower shall cause the Manager to expressly agree to subordinate its right to payment of the Management Fee, following the occurrence of a Default or an Event of Default, to the payment in full of all Administrative Expenses and all payments due to the Administrative Agent and the Lenders under this Agreement, and the Borrower shall not pay any Management Fees in contravention of such subordination. Furthermore, the Borrower shall not pay any Management Fees or make any equity distributions to, or otherwise effect a redemption of the ownership interests in the Borrower held by, the Equity Owner to the extent that immediately following such payment, distribution or redemption, as applicable, the Overcollateralization Test (as determined for purposes of this paragraph (k)) would not be satisfied.
Payment of Management Fees. (a) The Borrower will not, and will not permit any of its Restricted Subsidiaries to, pay any Management Fees during any Fiscal Quarter in excess of 5% of the gross revenues of the Borrower and its Restricted Subsidiaries for the immediately preceding Fiscal Quarter. In addition, and without limiting the foregoing, the Borrower will not, and will not permit any of its Restricted Subsidiaries to, make any payments of such Management Fees (or make any payments of Management Fees of the Borrower or any of its Restricted Subsidiaries that have accrued prior to or during the Fiscal Quarter immediately last ended for which a Compliance Certificate was delivered but remain unpaid), at any time when any Default has occurred and is continuing or would result therefrom.
