Examples of Base Collateral Management Fee in a sentence
Any amounts deferred in respect of the Base Collateral Management Fee will accrue interest at a per annum rate of EURIBOR plus 2 per cent.
If on any Distribution Date that there are insufficient funds to pay the Base Collateral Management Fee then due in full in accordance with the Priority of Payments, a portion of the Base Collateral Management Fee equal to the shortfall will be deferred and will accrue interest at a rate of six-month LIBOR per annum and will be payable on subsequent Distribution Dates on which funds are available therefor according to the Priority of Payments.
The Base Collateral Management Fee is equal to 0.25% per annum (calculated on the basis of a 360-day year and the actual number of days elapsed) of the Fee Basis Amount as of the first day of the Collection Period relating to such Payment Date.
Collateral Management Fees: The Collateral Manager will be entitled on each Payment Dateto receive the Collateral Management Fees which will consist of the Base Collateral Management Fee, the Subordinated Collateral Management Fee and the Incentive Collateral Management Fee.
Any interest due on the unpaid Base Collateral Management Fee will thereupon constitute accrued and unpaid Base Collateral Management Fee.