Incentive Fee Percentage definition

Incentive Fee Percentage. A percentage used to determine the amount of an Incentive Fee.
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Incentive Fee Percentage means 20%; provided, however, that, subject to the last sentence of this definition, on such date as Residential has more than 2,499 Single-Family Rental Assets Actually Rented, the Incentive Fee Percentage shall be increased to 22.5%, and on such date as Residential has more than 4,499 Single-Family Rental Assets Actually Rented, the Incentive Fee Percentage shall be increased to 25%, subject to the following additional conditions: (a) any time when the Incentive Fee Percentage is set at 25%, the Incentive Fee Percentage shall become 22.5% in the event the number of Single-Family Rental Assets Actually Rented decreases to less than 4,500; (b) at any time when the Incentive Fee Percentage is set at 22.5%, the Incentive Fee Percentage shall become 20% in the event the number of Single-Family Rental Assets Actually Rented decreases to less than 2,500; and (c) after the number of Single-Family Rental Assets Actually Rented decreases to less than 2,500 or 4,500, respectively, if the number of Single-Family Rental Assets Actually Rented again exceeds 2,499 and 4,499, respectively, the Incentive Fee Percentage shall again increase to 22.5% and 25%, respectively. For each fiscal quarter, the Incentive Fee Percentage shall be adjusted, as necessary, based on the number of Single-Family Rental Assets Actually Rented on the last Business Day of the preceding fiscal quarter. For the avoidance of doubt, the Incentive Fee Percentage at the beginning of any fiscal quarter shall apply for the duration of such fiscal quarter, regardless of whether the number of Single-Family Rental Assets Actually Rented exceeds 2,500 or 4,500 during such quarter.
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Incentive Fee Percentage is determined by:
Sample 1

Examples of Incentive Fee Percentage in a sentence

  • This category of Incentive Fee Measure is assigned a Weighted Incentive Fee Percentage of 40%.

  • This category of Incentive Fee Measure is assigned a Weighted Incentive Fee Percentage of 10%.

  • The Incentive Fee Percentage for each Class A Member shall be zero percent (0%).

  • It would consolidate the district’s scarce and highly specialised analytical skills and expertise to provide a holistic intelligence service to support the strategic and operational levels of the wider Nelson Marlborough health system.

  • Compilation of 50 years of historical precipitation, evapotranspiration, and streamflow for development of baseline conditions.b. Compilation of water demand based on most recent land use, evapotranspiration, and crop coefficient information for development of baseline conditions.c. Compilation of recent surface water supplies and use.d. Development of projected water budget.

  • The categories of incentive fee measurement goals by which Operator’s Incentive Fee shall be measured (based on criteria established in the Approved Operating Budget from year to year) (“Incentive Fee Measures”), and the Weighted Incentive Fee Percentage assigned to each category, shall consist of the items and percentages listed below.

  • Percentage () Option Term - Year 10 (Amount expressed in words) (Amount in figures) Annual Incentive Fee: Percentage ( %) All Years (Amount expressed in words) (Amount in figures) If a Proposer fails to provide an Annual Management and Operating Percentage Fee and/or Annual Incentive Fee for each year, the Proposal will be rejected by the District.

  • The initial Incentive Fee Percentage of each Class CF Member shall be set forth on the books and records of the Company.

  • A Weighted Incentive Fee Percentage will be calculated as the product of the extent to which Operator met the Incentive Fee Measure criteria for the subject Fiscal Year multiplied by the Weighted Incentive Fee Percentage assigned to such Incentive Fee Measure.

  • By way of example, and not by way of limitation, if an Incentive Fee Measure is assigned a Weighted Incentive Fee Percentage of 40%, and it is determined that TSJ met 110% of the incentive criteria for such Incentive Fee Measure, then TSJ would have a Weighted Incentive Fee Percentage of 44% with respect to such Incentive Fee Measure (40% x 110% = 44%).

Related to Incentive Fee Percentage

  • Facility Fee Percentage means, for any day, the applicable rate per annum set forth below under the caption "Facility Fee Percentage", based upon the ratings by S&P and Moody's, respectively, applicable on such day to the Index Debt: Ratings Category (S&P/Moody's) Facility Fee Percentage -------- ------------- ----------------------- 1 BBB/Baa2 or higher 0.200% 3 BB+/Ba1 0.350% For purposes of the foregoing, (i) if either Moody's or S&P shall not have in effect a rating for the Index Debt (other than by reason of the circumstances referred to in the second following sentence of this definition), then such rating agency shall be deemed to have established a rating in Category 4; (ii) if the ratings established or deemed to have been established by Moody's and S&P for the Index Debt shall fall within different Categories, the Facility Fee Percentage shall be based on the lower of the ratings; and (iii) if the ratings established or deemed to have been established by Moody's and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of Moody's or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency. Each change in the Facility Fee Percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Moody's or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations, the Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Facility Fee Percentage shall be determined by reference to the rating most recently in effect prior to such change or cessation. Notwithstanding the foregoing, if the Borrower's Leverage Ratio as of the last day of the fiscal quarter most recently ended is greater than 55%, then the Facility Fee Percentage shall not be less than 0.250% per annum. Each change in the Facility Fee Percentage resulting from a change in the Leverage Ratio as of the end of any fiscal quarter will be effective as of the date of delivery by the Borrower of a certificate setting forth the calculation of the Leverage Ratio as at the end of such fiscal quarter, which certificate shall be delivered with the annual and/or quarterly financial statements required to be delivered under paragraph (c) of Article V. Notwithstanding the foregoing, at any time that the Borrower shall fail to deliver to the Agent such certificate by the time required under such paragraph (c), the Leverage Ratio shall be deemed to be greater than 55% until such time as the Borrower shall so deliver such certificate.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Unused Fee Rate means 0.50% per annum.

  • Applicable Commitment Fee Rate means:

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • 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 Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this 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 Corporation 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.

  • Series Servicing Fee Percentage means 2% per annum.

  • Strike Percentage means 100%