Examples of Incentive Management Fee Threshold in a sentence
The Incentive Management Fee will not be payable on any Payment Date unless the Incentive Management Fee Threshold has been met.
The fee payable to the Collateral Manager, pursuant to the Priority of Payments, on each Payment Date on and after which the Incentive Management Fee Threshold has been met, in an amount equal to 20% of the remaining Interest Proceeds and Principal Proceeds, if any, after making the prior distributions on the relevant Payment Date in accordance with the Priority of Payments.
The fee payable to the Collateral Manager on each Payment Date on and after which the Incentive Management Fee Threshold has been met, pursuant to Section 8 of the Collateral Management Agreement and the Priority of Payments, in an amount equal to 20% of any remaining Interest Proceeds and Principal Proceeds, as applicable, on such Payment Date.
The Incentive Management Fee Threshold will be computed using the "XIRR" function in Microsoft® Excel or an equivalent function in another software package and based on the respective dates of issuance of each Class of Notes and an aggregate purchase price of 96.1790% for the Subordinated Notes.
The fee payable to the Portfolio Manager, pursuant to Section 8 of the Portfolio Management Agreement and the Priority of Payments, on each Payment Date on and after which the Incentive Management Fee Threshold has been met, in an amount equal to 20.00% of any remaining Interest Proceeds and Principal Proceeds, as applicable, on such Payment Date pursuant to the Priority of Payments.