Adviser Expenses definition

Adviser Expenses shall have the meaning set forth in Section 11(b).
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Adviser Expenses means the costs and expenses of the Adviser’s normal operating overhead, including salaries of the Adviser’s employees and Senior Advisors (excluding salary, benefits, directors’ fees, stock options and other compensation received by Senior Advisors for serving in Portfolio Company Roles) and other expenses incurred in maintaining the Adviser’s place of business, but not including other Organizational and Offering Expenses or Fund Expenses; provided that, for the avoidance of doubt, Adviser Expenses shall not include any fees paid to New Mountain or its Affiliates for administrative services pursuant to the final sentence of the first paragraph of Section 1.7; provided further that, the Adviser will undertake to reduce and/or waive its management fee, or otherwise reimburse expenses to the Fund, in the amount of Excess Organizational and Offering Expenses and Excess Specified Expenses pursuant to the last paragraph of Section 1.7.
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Adviser Expenses shall have the meaning set forth in Section 11(b). “Adviser Management Fee Securities” shall mean Adviser Management Fee Shares and Adviser Management Fee Units. “Adviser Management Fee Shares” shall mean Class I Common Shares, Class C Common Shares, Class F Common Shares and/or any other class of common stock of the Company, whether currently designated in the Charter or designated after the Effective Date, that is not registered under the Exchange Act at such time. “Adviser Management Fee Units” shall mean Class I units of the Operating Partnership, Class B units of the Operating Partnership, Class C units of the Operating Partnership, Class F units of the Operating Partnership and/or any other class of limited partnership interest of the Operating Partnership, whether currently set forth in the Operating Partnership Agreement or set forth after the Effective Date, that is not registered under the Exchange Act at such time or, under the terms of the Operating Partnership Agreement or other contractual right, convertible into or exchangeable for a corresponding class of common stock of the Company that is registered under the Exchange Act at such time. “Affiliate” shall have the meaning set forth in the Charter. “Average Invested Assets” shall have the meaning set forth in the Charter. “Blackstone” means, collectively, Blackstone Inc., a Delaware corporation, and any Affiliate thereof. “Board” shall mean the board of directors of the Company, as of any particular time. “Business Day” shall have the meaning set forth in the Charter.
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Examples of Adviser Expenses in a sentence

  • All Adviser Expenses shall be paid by the Adviser or its Affiliates.

  • Managing Member Expenses and Investment Adviser Expenses shall not be treated as expenses of the Company and the payment thereof shall not be accounted for as contributions to or income of the Company and shall in no way affect the Capital Contributions or Capital Account of any Member hereunder.

  • Similarly, the Investment Adviser shall be solely responsible for and shall pay all Investment Adviser Expenses.


More Definitions of Adviser Expenses

Adviser Expenses shall have the meaning set forth in Section 11(b). “Affiliate” shall have the meaning set forth in the Charter. “Affiliated Funds” shall mean any Other Invesco Account in which the Company or the Operating Partnership holds an equity interest, including, without limitation, limited partnership interests and limited liability company interests. “Average Invested Assets” shall mean, for a specified period, the average of the aggregate book value of the Investments, before deducting depreciation, bad debts or other non-cash reserves, computed by taking the average of such values at the end of each month during such period. “Board” shall mean the board of directors of the Company, as of any particular time. “Borrowing Costs” shall mean the costs and expenses incurred in connection with the borrowings of the Company, the Operating Partnership or any of their respective direct or indirect subsidiaries, including, but not limited to, costs associated with the establishment and maintenance of any of their respective credit facilities, other financing arrangements, or other indebtedness (including commitment fees, accounting fees, legal fees, closing and other similar costs) or any of their respective securities offerings (other than the offering of shares of stock of the Company). “Business Day” shall have the meaning set forth in the Charter.
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Related to Adviser Expenses

  • Company Expenses has the meaning set forth in Section 11.3(a)(v).

  • Transaction Expenses means any fees or expenses incurred or paid by Holdings or any of its Subsidiaries in connection with the Transaction, this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby.

  • Liquidation Expenses With respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or incurred by or for the account of the Master Servicer or the related Servicers, such expenses including (a) property protection expenses, (b) property sales expenses, (c) foreclosure and sale costs, including court costs and reasonable attorneys’ fees, and (d) similar expenses reasonably paid or incurred in connection with liquidation.

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].

  • Class Expenses means the expenses of registering a Class in any jurisdiction or with any stock exchange, regulated market or settlement system, and all other expenses arising from such registration and such further expenses howsoever arising as may be disclosed in the Prospectus. The cost of converting currency and the costs and gains/losses of the hedging transactions are borne solely by the relevant Class.