Management Fee Payment Date means, with respect to any Calculation Date, the date that is ten (10) Business Days following the receipt by the Company of the calculation of the Management Fee from the MSA Administrator with respect to such Calculation Date.
Management Fee Payment Date means the first Business Day of each Fiscal Quarter or, in the case of the Fiscal Quarter in which this Agreement is terminated, the Termination Date.
Management Fee Payment Date means, with respect to any Calculation Date, the date that is ten (10) Business Days following the receipt by Cannae Inc. and Cannae LLC of the calculation of the Management Fee from the MSA Administrator with respect to such Calculation Date.
Examples of Management Fee Payment Date in a sentence
If payment is not made by the Management Fee Payment Date the Concessionaire is to pay interest on the unpaid Management Fee from the Management Fee Payment Date until the date of payment at the Penalty Interest Rate specified in Item 10 of Schedule 1.
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.
More Definitions of Management Fee Payment Date
Management Fee Payment Date means within ten (10) Business Days of the end of each calendar month.
Management Fee Payment Date shall have the meaning given to such term in Section 9.2(b) of this Agreement.
Management Fee Payment Date means the later of (i) October 1, 2006; and (ii) the date (at the end of a calendar quarter) the ratio (expressed as a percentage) of Total Funded Debt to Total Book Capitalization (calculated on a pro forma basis with effect given to the Permitted Management Fee being paid) is less than 70%.
Management Fee Payment Date means the last Business Day of each Fiscal Quarter or, in the case of the Fiscal Quarter in which this Agreement is terminated, the Termination Date.
Management Fee Payment Date means each monthly date on which Owner is obligated to pay the Management Fee to Manager in accordance with Section 9.1."
Management Fee Payment Date means the date on which the Management Fee shall be made as set forth in Clause 6.1.,
Management Fee Payment Date means each Interest Payment Date, excluding the First Interest Payment Date.6.2 Costs and ExpensesThe Portfolio Manager shall be responsible for all of its ordinary expenses incurred in the performance of its obligations under this Agreement. 7 Portfolio Manager Breaches7.1 Portfolio Manager BreachesNothing shall relieve the Portfolio Manager from liability for losses, claims, damages, judgments, interest on judgments, assessments, costs, fees, charges amounts paid in settlement or other liabilities (collectively, “Liabilities”):7.1.1 by reason of acts or omissions constituting bad faith, wilful misconduct, breach of contract, negligence or reckless disregard of the obligations of the Portfolio Manager hereunder; or7.1.2 with respect to any unauthorised offers or solicitations to investors by the Portfolio Manager; or7.1.3 by reason of any other breach by the Portfolio Manager of this Agreement.The matters described in the preceding paragraphs are collectively referred to for purposes of this Clause 7 as “Portfolio Manager Breaches”.7.2 Date of ActionThe compliance of any action of the Portfolio Manager with the provisions of this Agreement shall be determined as of the date of such action.7.3 Portfolio Manager’s IndemnityThe Portfolio Manager shall (subject to the terms of this Agreement and in particular this Clause 7) indemnify and hold harmless the Issuer and the Liquidation Agent (the Issuer and the Liquidation Agent each being, in such case, an “Indemnified Party”) from and against any and all Liabilities in respect of or arising out of any Portfolio Manager Breach.7.4 NoticeAn Indemnified Party shall promptly notify the Portfolio Manager if the Indemnified Party receives a complaint, claim, compulsory process or other notice giving rise to a claim for indemnification under this Clause 7, but failure so to notify the Portfolio Manager shall not relieve such Portfolio Manager of its obligations to indemnify the Indemnified Party.8 Liability of the Liquidation AgentThe Liquidation Agent shall have no liability for the actions of the Portfolio Manager. 9 Change of Portfolio Manager9.1 Material Adverse ChangeThe Portfolio Manager may be removed upon at least 30 days’ prior written notice by the Issuer, acting at the direction of the Noteholders in respect of a majority by principal amount outstanding of the Notes, in the event a material adverse change in the business and operations of the Portfolio Manager has occurred and is continuing, such that as a ...