Management Fee Cap definition

Management Fee Cap means, with respect to the calendar month ending immediately prior to each Monthly Payment Date during the Term, six percent (6.0%) of gross Rents collected with respect to the Properties for such calendar month.

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Management Fee Cap means, with respect to each calendar month, eight percent (8.0%) of gross Rents collected with respect to the Properties for such calendar month; provided, that for purposes of determining gross Rents collected, collections of Advance Rent shall be allocated to applicable calendar month set forth in the applicable Advance Rent Disbursement Schedule.

Management Fee Cap means, with respect to each calendar month, an amount equal to six and three quarters percent (6.75%) of gross Rents collected with respect to the Properties for such calendar month, provided, that for purposes of determining gross Rents collected, collections of Advance Rent shall be allocated to the applicable calendar month set forth in the applicable Advance Rent Disbursement Schedule.

Examples of Management Fee Cap in a sentence

In no event shall the fee payable to Manager for any Interest Period exceed the Management Fee Cap for such Interest Period and in no event shall Borrower pay or become obligated to pay to Manager, any transition or termination costs or expenses, termination fees, or their equivalent in connection with the Transfer of a Property or the termination of the Management Agreement.
In no event shall the management fee payable to the Manager for any calendar month exceed the Management Fee Cap for such calendar month and in no event shall Borrower pay or become obligated to pay to the Manager, any transition or termination costs or expenses, termination fees, or their equivalent in connection with the Transfer of a Property or the termination of the Management Agreement.
To the extent the sum of the part of the Base Management Fee payable for a particular quarter (the “Current Quarter Payment”) plus the amount of Base Management Fee paid with respect to prior quarters during the applicable calendar year would exceed the Base Management Fee Cap, the amount of the Current Quarter Payment shall be limited to the maximum amount that could be paid without such sum exceeding the Base Management Fee Cap.
Except to the extent payable in accordance with Section 2.7.2(j), in no event shall the management fee payable to the Manager for any calendar month exceed the Management Fee Cap for such calendar month and in no event shall Borrower pay or become obligated to pay to the Manager, any transition or termination costs or expenses, termination fees, or their equivalent in connection with the Transfer of a Property or the termination of the Management Agreement.
The Adviser shall reimburse the Company no less frequently than annually for the amount by which amounts billed to and paid by the Company exceed the Management Fee Cap during a given year.

More Definitions of Management Fee Cap

Management Fee Cap means, with respect to each Individual Property, the aggregate of base management fees and sub-management fees equal to 3.5% of Gross Income from Operations for such Individual Property.

Management Fee Cap. 1.1 (Definition of “Monthly Operating Expense Budgeted Amount”)

Management Fee Cap means $1,000,000 in any fiscal year during the term of this Agreement.

Management Fee Cap. 1.1 (Definition of Monthly Operating Expense Budgeted Amount) “Manager Consent” — 1.1 (Definition of Loan Documents)

Management Fee Cap has the meaning assigned to such term in the definition of “Management Agreement”.

Management Fee Cap means, with respect to each Individual Property, the aggregate of base management fees and sub-management fees equal to (a) with respect to each Individual Continental Property, 3.5% of Gross Income from Operations for such Individual Continental Property and (b) with respect to each Individual Puerto Rico Property, 5.5% of Gross Income from Operations for such Individual Puerto Rico Property.

Management Fee Cap means, with respect to each calendar month, an amount equal to the product of (i) seven percent (7.00%) and (ii) Actual Rent Collections for such calendar month.