Collateral Management Fee definition

Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral Management Fee.

Collateral Management Fee. The fee payable to the Collateral Manager in arrears on each Payment Date pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 hereof, comprised of (x) the Base Management Fee and (y) the Subordinated Management Fee.

Collateral Management Fee shall have the meaning set forth in Section 8(a).

Examples of Collateral Management Fee in a sentence

• As compensation for its administrative and management activities hereunder, the Collateral Manager or its designee shall be entitled to receive the Collateral Management Fee pursuant to the Priority of Payments, and the Collateral Manager hereby directs the Collateral Management Fee be paid to the Equityholder and such payment to the Equityholder shall satisfy the obligation to pay the Collateral Management Fee pursuant to the Priority of Payments.

• If and to the extent that there are insufficient funds to pay any Collateral Management Fee in full on any Payment Date or if any Collateral Management Fee has accrued but is not yet due and payable, the amount due or accrued and unpaid will be deferred and will be payable on such later Payment Date on which funds are available in accordance with the Priority of Payments.

• On each Payment Date, to the extent not waived, the Collateral Manager shall be entitled to receive out of the Collection Account the Collateral Management Fee for the related Interest Period pursuant to Section 2.13.

• As compensation for its administrative and management activities hereunder, the Collateral Manager or its designee shall be entitled to receive (but shall be permitted to waive by providing written notice of such waiver to the Collateral Agent at least one (1) Business Day prior to the Payment Date on which such payment is due and payable) the Collateral Management Fee pursuant to the provisions of Sections 2.7 and Section 2.8, as applicable.

• For the avoidance of doubt, the Collateral Manager may not defer all or any portion of the Collateral Management Fee.

More Definitions of Collateral Management Fee

Collateral Management Fee shall have the meaning given such term in Section 3.3.

Collateral Management Fee. The fee payable to the Collateral Manager on each Payment Date in arrears in respect of each Accrual Period pursuant to Sections 2.7(a)(2) and (b)(2) or Section 2.8(2), as applicable, which fee shall be equal to the product of (a) the result obtained by dividing (x) the numerical mean of the Adjusted Borrowing Value of all Loans owned by the Borrower on the first day and the last day of such Accrual Period by (y) the number of days in such Accrual Period divided by 360 and (b) a 0.50%.

Collateral Management Fee means the Senior Collateral Management Fee and the Subordinated Collateral Management Fee, collectively.

Collateral Management Fee. The Senior Collateral Management Fee and the Subordinate Collateral Management Fee.

Collateral Management Fee means the Base Collateral Management Fee, the Additional Collateral Management Fee and the Incentive Collateral Management Fee, collectively.

Collateral Management Fee means the monthly fee, accruing from the Closing Date, payable in arrears on each Payment Date for the related Interest Accrual Period, in an amount equal to 0.35% per annum (calculated on the basis of a 360 day year and the actual number of days elapsed) of the Monthly Asset Amount.

Collateral Management Fee means each of the Senior Collateral Management Fee, the Subordinated Collateral Management Fee and the Incentive Collateral Management Fee and “Collateral Management Fees” shall be construed accordingly;