Interim Management Fee definition

Interim Management Fee shall have the meaning given in the Custodial and Paying Agency Agreement.
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Interim Management Fee means, with respect to each Due Period commencing during the Interim Servicing Period, a fee payable to the Manager (pursuant to, and for the purposes set forth in, Section 12.5 of the LLC Operating Agreement, and as payable in accordance with the Custodial and Paying Agency Agreement) for each Group of Assets for which the Servicing Transfer Date has not yet occurred as of the first day of such Due Period, in an amount equal to
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Interim Management Fee has the meaning given in Section 5.1(b)(ii). “Interim Servicing Fee” has the meaning given in the Contribution Agreement.
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Examples of Interim Management Fee in a sentence

  • The costs and fees of the Servicers (and any Subservicers) shall be borne exclusively by the Manager in its individual capacity without any right of reimbursement from the Company or the Initial Member (it being understood that the Manager will receive the Interim Management Fee and Management Fee in accordance with Section 12.5 hereof).


More Definitions of Interim Management Fee

Interim Management Fee means 0.75 times, as of any date of determination for the applicable calendar year: (a) $0, if year-to-date EBITDA is less than or equal to Minimum EBITDA for the full current calendar year; (b) year-to-date EBITDA less Minimum EBITDA for the full current calendar year, if year-to-date EBITDA is greater than such Minimum EBITDA but less than Target EBITDA for such calendar year; or (c) 0.5 multiplied by year-to-date EBITDA, if year-to-date EBITDA is greater than or equal to Target EBITDA for such calendar year. The “Interim Management Fee” shall be calculated as of the end of September and December in each calendar year during which a Termination Notice has not been delivered. The calculation for the December Interim Management Fee will be offset by any payment made for the September Interim Management Fee. Examples of the calculation of the Interim Management Fee are attached hereto as Schedule 2.14(a).
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Interim Management Fee means for each Interim Allocation Date with respect to any Monthly Collection Period an amount equal to (1) either (X) the product of (a) the sum of (i) $10,850,000, plus (ii) $650,000 for every 100 Open Drive-Ins (other than Contributed Company-owned Drive-Ins) as of the last day of the immediately preceding Monthly Collection Period (the amount in this clause (a) subject to a 2% increase as of each anniversary of the Closing Date), multiplied by (b) 1/12, multiplied by (c) a fraction, the numerator of which is equal to the number of days in the Interim Collection Period immediately preceding such Interim Allocation Date and the denominator of which is the number of days in such Monthly Collection Period or (Y) an amount determined by another formula notified by the Master Issuer in writing to the Trustee and the Control Party; provided that (a) the Master Issuer or the Manager certifies to the Trustee and the Control Party that such other formula was determined in consultation with the Back-Up Manager, (b) after delivering such notification, the Master Issuer will disclose the then-applicable formula in subsequent Monthly Noteholders’ Statements and (c) the Master Issuer or the Manager delivers written confirmation to the Trustee and the Control Party that the Rating Agency Condition with respect to each Series of Notes Outstanding has been satisfied with respect to such new formula plus (2) any increase in the “Interim Management Fee” subsequent to any Company-owned Drive-In Contribution, to account for the management of the related Contributed Company-owned Drive-Ins, which satisfies the Rating Agency Condition (for avoidance of doubt, any increase set forth in this clause (2) shall not require any amendment to any Related Document). For the avoidance of doubt, the Interim Management Fee may also be amended in accordance with the amendment provisions in Section 8.2 of the Base Indenture.
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Interim Management Fee means for each Interim Allocation Date with respect to any Monthly Collection Period an amount equal to (1) the product of (a) the sum of (i) $10,850,000, plus (ii) $650,000 for every 100 Open Drive-Ins (other than Contributed Company-owned Drive-Ins) as of the last day of the immediately preceding Monthly Collection Period (the amount in this clause (a) subject to a 2% increase as of each anniversary of the Closing Date), multiplied by (b) 1/12, multiplied by (c) a fraction, the numerator of which is equal to the number of days in the Interim Collection Period immediately preceding such Interim Allocation Date and the denominator of which is the number of days in such Monthly Collection Period plus (2) any increase in the “Interim Management Fee” subsequent to any Company-owned Drive-In Contribution, to account for the management of the related Contributed Company-owned Drive-Ins, which satisfies the Rating Agency Condition (for avoidance of doubt, any increase set forth in this clause (2) shall not require any amendment to any Related Document).
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Interim Management Fee means, with respect to each Due Period commencing during the Interim Servicing Period, a fee payable to the Manager (pursuant to, and for the purposes set forth in, Section 12.5 of the LLC Operating Agreement, and as payable in accordance with the Custodial and Paying Agency Agreement) for each Group of Assets for which the Servicing Transfer Date has not yet occurred as of the first day of such Due Period, in an amount equal to (i) except as provided in clause (ii), the Interim Servicing Fee, or (ii) with respect to any Due Period commencing prior to the Closing Date, (x) if such Due Period ends prior to or on the Closing Date, zero, or (y) if such Due Period ends after the Closing Date, what the Interim Servicing Fee for such Due Period would have been if, for purposes of calculating the number of days in such Due Period, the portion of such Due Period prior to the Closing Date was disregarded.
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Interim Management Fee shall have the meaning set forth in Section 2.14(a) hereof “Interim Management Fee Payment Date” shall have the meaning set forth in Section 2.14(a) hereof.
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Related to Interim Management Fee

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

  • Management Fees means, with respect to each Project for any period, an amount equal to the greater of (i) actual management fees payable with respect thereto and (ii) three percent (3%) per annum on the aggregate base rent and percentage rent due and payable under leases at such Project.

  • Exit Management Date means each of the following:

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

  • Rental Fee A fee charged by the Contractor for the rental of a compactor or roll-off container.

  • Stormwater management BMP means an excavation or embankment and related areas designed to retain stormwater runoff. A stormwater management BMP may either be normally dry (that is, a detention basin or infiltration system), retain water in a permanent pool (a retention basin), or be planted mainly with wetland vegetation (most constructed stormwater wetlands).

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

  • Service Fee means a fee charged by us to you for the administration of your credit facility.

  • Utilization management section means “you or your authorized representative.” Your representative will also receive all notices and benefit determinations.

  • Interim Payment has the meaning specified in Section 10.1.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Stormwater management facility means a control measure that controls stormwater runoff and changes the characteristics of that runoff including, but not limited to, the quantity and quality, the period of release or the velocity of flow.

  • Services Fee means, collectively, the Senior Services Fees and the Subordinated Services Fees.

  • Project Management Unit and “PMU” each means the Recipient’s unit responsible for the implementation of its Respective Part of the Project referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • Hire Fee the hire fee specified in Item 13.