Independent Manager Fee definition

Independent Manager Fee is defined in Section 4.01(a) of the LLC Agreement.

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Independent Manager Fee is defined in Section 4.01(a) of this Agreement.

Independent Manager Fee means the annual fee paid to each Independent Manager as determined in accordance with the LLC Agreement which shall initially be $3,500 per annum.

Examples of Independent Manager Fee in a sentence

Notwithstanding anything to the contrary in Section 11.02, no amendment or modification of Sections 4.01 (with respect to the Independent Manager Fee described in subsection (a)), 4.02, 5.04, and 7.03 of this Agreement shall be effective unless the process set forth in this Section 11.03 has been followed.
The Company shall pay the Independent Manager annual fees totaling not more than $5,000 per year (the "Independent Manager Fee").
The amounts payable in respect of the Indenture Trustee’s fees and expenses pursuant to Section 8.02(e)(i), the Servicing Fee pursuant to Section 8.02(e)(ii), the Administration Fee and the Independent Manager Fee pursuant to Section 8.02(e)(iii), the ordinary periodic Operating Expenses pursuant Section 8.02(e)(iv) and the remaining Operating Expenses pursuant to Section 8.02(e)(ix) shall not exceed [ ] in the aggregate annually unless the PUCT approve a different aggregate amount of such payments.
No amendment of Sections 4.01 (with respect to the Independent Manager Fee described in subsection (a)), 4.02, 5.04 and 7.03 of this Agreement that is reasonably anticipated to increase Ongoing Financing Costs shall be effective unless the process set forth in this Section 11.03 has been followed.

More Definitions of Independent Manager Fee

Independent Manager Fee is defined in Section 7.03(a) of the LLC Agreement and shall initially be $5,000 per annum.

Independent Manager Fee has the meaning set forth in Section 7.03(a) of this Agreement.

Independent Manager Fee has the meaning set forth in Section 7.03(a) of the LLC Agreement and shall initially be $1,500 per annum per Independent Manager.

Independent Manager Fee is defined in Section 6.01(a) of the LLC Agreement.