General Partner Asset Management Fee definition

General Partner Asset Management Fee means the annual fee of Fifteen Thousand and 00/100 Dollars ($15,000.00), payable by the Borrower to the General Partner for its services in managing the business of the Borrower under and pursuant to the “General Partner Asset Management Fee Agreement”. The General Partner Asset Management Fee Agreement shall increase annually by two percent (2%) per annum beginning in 2021.
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General Partner Asset Management Fee means the asset management fee of Six Thousand and 00/100 Dollars ($6,000.00) payable annually by the Borrower to the General Partner as compensation for the General Partner’s asset management services. Payment of the General Partner Asset Management Fee shall began on , 20 (the “GP Asset Management Commencement Date”), and continue annually thereafter during the Term, increasing by ten percent (10%) on each fifth anniversary of the GP Asset Management Commencement Date (the “GP Asset Management Fee Payment”).
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General Partner Asset Management Fee means the asset management fee payable to the General Partner as compensation for the General Partner’s asset management services to the Borrower pursuant to the Amended and Restated LPA. The General Partner Asset Management Fee, currently listed as $50,000.00 per Fiscal Year (increasing annually by 3%) under the Amended and Restated LPA, shall be payable solely out of the Borrower’s retained 45% of the Residual Receipts, pursuant to the disbursement of such Residual Receipts to the Borrower under Section 2.05(b)(1)(i)(B) below.
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Examples of General Partner Asset Management Fee in a sentence

  • The proposed 12-month operating budget shall include with particularity the projected (I) Total Gross Revenues, (II) Total Senior Lender Debt Service Payments, (III) Total Approved Operating Expenses, (IV) Total Property Management Fee Payment, (V) annual General Partner Asset Management Fee, (VI) annual Limited Partner Asset Management Fee, (VII) payments by the Borrower into the Capital Replacement Reserve, and (VIII) Residual Receipts, on a month-by- month basis for the applicable Fiscal Year.

  • Borrower covenants and agrees that if the Borrower makes any General Partner Asset Management Fee payments to the General Partner, any such payments that utilizes Residual Receipts funds shall be paid solely from Borrower’s retained fifty percent (50%) of the Residual Receipts, pursuant to the disbursement of such Residual Receipts to the Borrower under Section 2.05(b)(1) above.

  • General Partner Asset Management Fee: Paid during years 1-55 from project cash flow after debt service and payment of deferred developer fee before distribution of residual receipts limited to $7,500 annually for the first year of operations with an allowable 3% annual increase thereafter.

  • Borrower agrees and covenants that the annual General Partner Asset Management Fee paid by the Borrower to the General Partner shall be paid solely from the Borrower’s retained 45% of the Residual Receipts, pursuant to the disbursement of such Residual Receipts to the Borrower under Section 2.05(b)(1)(i)(B) above.


More Definitions of General Partner Asset Management Fee

General Partner Asset Management Fee means the annual fee of Thirty Thousand and 00/100 Dollars ($30,000.00) payable by the Borrower to the General Partner for its services under and pursuant to the Amended and Restated LPA. The General Partner Asset Management Fee shall increase annually by three percent (3%) per annum, and shall be payable solely out of the Borrower’s retained fifty percent (50%) of the Residual Receipts, pursuant to the disbursement of such Residual Receipts to the Borrower under Section 2.05(b)(1) below.
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General Partner Asset Management Fee means the annual fee of [Fifteen Thousand and 00/100 Dollars ($15,000.00)] payable by the Borrower to the General Partner for its services under and pursuant to the Amended and Restated LPA. The General Partner Asset Management Fee shall increase annually by two percent (2%) per annum.
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Related to General Partner Asset Management Fee

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

  • CDO Asset Manager with respect to any Securitization Vehicle that is a CDO, shall mean the entity that is responsible for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the holder of such Note).

  • CLO Asset Manager means, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the Directing Holder).

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Asset management means a systematic process of operating and maintaining the state system of

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • General Partner has the meaning set forth in the Preamble.

  • GP means Gottbetter & Partners, LLP.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Managing Partner means KKR Management LLC, a Delaware limited liability company.

  • Asset Manager means the manager of each of the Series Assets as specified in each Series Designation or, its permitted successors or assigns, appointed in accordance with Section 5.10.

  • Hosting Partners means companies who entered into an agreement with CIPC in the areas of application management; application hosting, application service provision, and marketplace hosting are incorporated in this category.

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

  • Manager-managed limited liability company means a limited liability company that is managed by

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Management Group means the group consisting of the directors, executive officers and other management personnel of the Borrower, Holdings or any Parent Entity, as the case may be, on the Closing Date together with (a) any new directors whose election by such boards of directors or whose nomination for election by the shareholders of the Borrower, Holdings or any Parent Entity, as the case may be, was approved by a vote of a majority of the directors of the Borrower, Holdings or any Parent Entity, as the case may be, then still in office who were either directors on the Closing Date or whose election or nomination was previously so approved and (b) executive officers and other management personnel of the Borrower, Holdings or any Parent Entity, as the case may be, hired at a time when the directors on the Closing Date together with the directors so approved constituted a majority of the directors of the Borrower or Holdings, as the case may be.

  • General Partners means all such Persons.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.