Divestment Fee definition

Divestment Fee means the divestment fee not exceeding 0.5 per cent. of the sale price of any Real Estate in the form of land sold or divested directly or indirectly by the Trust (pro-rated if applicable to the proportion of the Trust’s interest in the Real Estate sold) payable to the Manager pursuant to Clause 15.2.2;
Sample 1
Divestment Fee means, as used in the Trust Deed, the divestment fee not exceeding 0.5% of the sale price of any real estate sold or divested directly or indirectly by SF REIT (pro-rated if applicable to the proportion of SF REIT’s interest in the real estate sold) payable to the REIT Manager pursuant to the Trust Deed.
Sample 1Sample 2
Divestment Fee means the divestment fee payable to the Trustee-Manager which is determined in accordance with Clause 12.3.2;
Sample 1

Examples of Divestment Fee in a sentence

  • In addition, the Divestment Fee allows the Manager to recover the additional costs and resources incurred by the Manager for the divestment, including but not limited to due diligence efforts and man hours spent in marketing and maximising the divestment price.

  • In addition, the Manager is also paid an Acquisition Fee or a Divestment Fee upon the successful completion of an acquisition or divestment respectively.

  • Details of the Singapore Independent Financial Adviser’s opinion, together with the principal factors taken into consideration, and assumptions and qualifications in arriving at such opinion, are set out in the ‘‘Letter from the Singapore Independent Financial Adviser in relation to the Divestment Fee Amendments’’.

  • The Manager shall be paid the Divestment Fee of approximately S$0.2 million (being 0.5% of the Agreed Property Value) for the Proposed Divestment pursuant to the Trust Deed.

  • To adopt the Revised Divestment Fee Structure and the Unit Buy-back Mandate, Unitholders must first approve, by way of Extraordinary Resolutions in accordance with the Trust Deed, the Divestment Fee Amendments and the Unit Buy-back Amendments.

  • Sustainability Business Review Portfolio Details Financials & Additional InformationCapitaLand Commercial TrustAnnual Report 2015 Divestment FeeThe Divestment Fee is earned by the Manager and is upon the successful completion of a divestment.

  • The Trustee-Manager had elected to receive 33% of the Performance Fee to which it was entitled and waived its entitlement of the remaining 67% of the Performance Fee and the Divestment Fee in its entirety.

  • NASA has asked the US Department of Commerce for an export licence for NASA Science Internet connectivity to Russia.

  • The Manager has appointed Ernst & Young Corporate Finance Pte Ltd to advise the Independent Directors of the Manager and the Trustee as to whether the proposed Divestment Fee Amendments, being an ‘‘interested person transaction’’ under Chapter 9 of the Listing Manual, is on normal commercial terms and is not prejudicial to the interests of Fortune REIT and its minority Unitholders.

  • Further details on the Acquisition Fee and the Divestment Fee are provided below: Acquisition FeeThe Acquisition Fee is earned by the Manager and is upon the successful completion of an acquisition.


More Definitions of Divestment Fee

Divestment Fee shall have the meaning ascribed to it in Clause 15.2.1(ii); "Extraordinary Resolution" shall have the meaning ascribed to it in paragraph 22 of Schedule 1;
Sample 1
Divestment Fee means the divestment fee not exceeding 0.5% of the sale price of any Real Estate sold or divested directly or indirectly by the Trust (pro-rated if applicable to the proportion of the Trust’s interest in such Real Estate sold) payable to the Manager pursuant to Clause 14.2.1(b);
Sample 1
Divestment Fee means the divestment fee payable to the Manager pursuant to clause 11.2.1.2;
Sample 1

Related to Divestment Fee

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

  • Management Fee shall have the meaning set forth in Section 10(a).

  • Monitoring Fee means the fees payable to the Lender pursuant to Section 2.03(b) below.

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;

  • Ticking Fee has the meaning specified in Section 2.09(a).

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Base Management Fee means the base management fee, calculated and payable quarterly in arrears, in an amount equal to one-fourth of 1.50% of the Company’s Equity.

  • Asset Management Fee shall have the meaning set forth in Section 8.03.

  • Handling Fee means the fee payable per Ticket transaction or order, charged in addition to the Face Value of the Ticket, for the processing and delivery of Tickets in that transaction or order (including United Kingdom value added tax thereon);

  • Structuring Fee has the meaning set forth in the Fee Letter.

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Disposition Fee shall have the meaning set forth in Section 8.03.

  • Funding Fee has the meaning set forth in Section 2.04(b).

  • Closing Fee has the meaning set forth in Section 2.09(c).

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, expenses payable under the administration agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Arrangement Fee has the meaning specified in Section 2.05(a).

  • Administration Fee means the fee payable to the Administrator pursuant to Section 3 of the Administration Agreement.

  • Origination Fee means any origination fee payable to the Department by the lender with respect to any Trust Student Loan.

  • Transfer Fee means the fee payable by the Hirer to the Employment Business in accordance with clause 3.7, as permitted by Regulation 10 of the Conduct Regulations;

  • Processing Fee means in relation to a Transaction Summary delivered:

  • L/C Fee Payment Date the last day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.

  • Acquisition Fee means any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of a Property, including real estate commissions, selection fees, Development Fees, Construction Fees, nonrecurring management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of a project.