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

• USActive 59109857.1659109857.18 The Collateral Manager may, in its sole discretion, elect to defer or waive payment of any or all of any Collateral Management Fee otherwise due on any Payment Date by notice to the Borrower, the Collateral Administrator and the Collateral Agent no later than the Determination Date immediately prior to such Payment Date.

• 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; provided that, so long as the Collateral Manager or its Affiliates are receiving a management fee from the Equityholder pursuant to its management and advisory agreements, the Collateral Manager shall waive its receipt of 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.

More Definitions of Collateral Management Fee

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

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

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;

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

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

Collateral Management Fee. The fee payable to the Collateral Manager on each Payment Date in arrears in respect of each Collection Period in accordance with the provisions of Sections 2.7(a) and (b) or Section 2.8, as applicable, which fee shall be equal to (i) the average daily Outstanding Balance of all Loans during the Collection Period related to such Payment Date multiplied by (ii) the Collateral Management Fee Rate.