Management Fee Payment definition
Examples of Management Fee Payment in a sentence
Subject to Section 7.2(f) hereof, the Company shall pay to the Manager, on the Management Fee Payment Date with respect to any Calculation Date, the Adjusted Management Fee as of such Calculation Date.
Stakeholders must be made aware of the bigger picture as well as the management detail associated with each specific water resource management unit.
In the event payment of any Management Fee Payment would be restricted by the foregoing provisions, such Management Fee Payment may be accrued during the period payment thereof is so restricted and such Management Fee Payment will be permitted to be paid when such restriction no longer exists, provided at the time of payment thereof no Event of Default would arise as a result of such payment.
Following such delivery, subject to Section 7.1(f) hereof, Cannae LLC shall pay to the Manager, on the Management Fee Payment Date with respect to any Calculation Date, the Adjusted Management Fee as of such Calculation Date.
Subject to Section 7.1(f) hereof, the Company shall pay to the Manager, on each Management Fee Payment Date with respect to each Calculation Date, the Adjusted Management Fee as of such Calculation Date.
If the Company does not have sufficient liquid assets to timely pay the entire amount of the Management Fee due on any Management Fee Payment Date, the Company shall liquidate assets or Incur Indebtedness in order to pay such Management Fee in full on such Management Fee Payment Date.
To the extent that any such Deferred Interest is so waived, the Management Fee Payment due to Manager for the month in which such waiver is made shall be reduced by an amount equal to fifty percent (50%) of the amount of the Deferred Interest waived.
In the event the aggregate of any such debits then available and unapplied against a Management Fee Payment exceeds the amount of the Management Fee Payment payable for any given calendar month, the excess unapplied debit shall be carried over and applied as a credit against the Management Fee Payment otherwise payable in the next succeeding calendar month or months until fully applied.
In addition, the Company and the Guarantors will not, and will not permit any of their Subsidiaries to, directly or indirectly, make any Management Fee Payment or similar payment to Affiliates (other than Subsidiaries) other than Permitted Payments to Parent if, after giving effect to such Management Fee Payments or similar payments, on a PRO FORMA basis after giving effect to such payment, a Default or an Event of Default shall have occurred and be continuing.
In connection with the issuance of any Common Shares to the Manager on the first Management Fee Payment Date, the Company shall provide to the Manager customary registration rights with respect to any Common Shares issued or to be issued to the Manager from time to time, which registration rights shall be set forth in documentation consistent with documentation used to provide registration rights to other shareholders of the Company.