Common use of VCF Termination Date Clause in Contracts

VCF Termination Date. If the VCF Termination Date is other than the last day of a calendar month then the Company shall pay the Manager within 7 Business Days of termination a management fee equal to that that would be calculated pursuant to clauses 6.2.1 and 6.2.2 except that the references to “one twelfth” shall be replace with “x/365” where “x” equals the number of days since the last day of the immediately preceding calendar month until the VCF Termination Date.]

Appears in 3 contracts

Samples: Management Agreement, Management Agreement, Management Agreement

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VCF Termination Date. If the VCF Termination Date is other than the last day of a calendar month then the Company shall pay the Manager within 7 Business Days of termination a management fee equal to that that would be calculated pursuant to clauses 6.2.1 and 6.2.2 except that the references to “one twelfth” shall be replace with “x/365” where “x” equals the number of days since the last day of the immediately preceding calendar month until the VCF Termination Date.]to

Appears in 1 contract

Samples: Management Agreement

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