Management Fee Units definition

Management Fee Units means the MCT Units issued or to be issued to the MCT Manager in its personal capacity as payment of management fees for the quarter ended 30 September 2021, the quarter ended 31 December 2021 and the quarter ending 31 March 2022.
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Management Fee Units means the MCT Units issued or to be issued to the MCT Manager in its personal capacity as payment of management fees for the quarter ended 30 September 2021, the quarter ended 31 December 2021 and the quarter ending 31 March 2022.(d) the adoption of the MCT Trust Deed Amendments is subject to the Trust Scheme becoming effective in accordance with its terms and will take effect from the Effective Date of the Trust Scheme. 2.4 Consequential Amendments Arising from the Revision of the Trust Scheme Pursuant to the Amended and Restated Implementation Agreement, the parties thereto have agreed on the following amendments consequential to the foregoing revision of the Trust Scheme:
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Management Fee Units has the meaning set forth in Section 1(b).
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Examples of Management Fee Units in a sentence

  • An application for the listing of and quotation for the Management Fee Units on the Main Market of Bursa Securities will be made to Bursa Securities.

  • An application was made to the SIC on behalf of the Concert Party Group for the Whitewash Waiver to waive the Concert Party Group of its obligation to make the Mandatory Offer for the Company under Rule 14.1 of the Code as a result of the Manager receiving the 1Q2020 Management Fee Units.

  • An application was made to the SIC on 1 February 2023 for the waiver of the obligation of the Manager to make a Mandatory Offer under Rule 14 of the Code should the obligation to do so arise as a result of the issue of the Management Fee Units to the Manager.

  • The Manager will make the relevant announcement to Bursa Securities disclosing the number of Management Fee Units issued and the issue price of the Management Fee Units as and when they are issued as part payment of the management fee to the Manager.

  • The OP Management Fee may be paid, at the Adviser’s election, in cash or cash equivalent aggregate NAV amounts of Adviser Management Fee Units or any combination thereof.

  • The issue price of the 1Q2015 Management Fee Units will be determined based on the volume weighted average price for a Unit for all trades on the SGX-ST in the ordinary course of trading on the SGX-ST for the period of 10 business days immediately preceding 31 March 2015.

  • An application was made to the SIC on 3 March 2015 for the waiver of the obligation of the Sponsor and parties acting in concert with it to make a Mandatory Offer under Rule 14 of the Code should the obligation to do so arise as a result of the Manager receiving the 1Q2015 Management Fee Units.

  • Subject to the approval of the Unitholders, the Proposed Authority provides the Board with the flexibility to allot and issue the Management Fee Units at any time to the Manager for the part payment of the management fee, provided that, among others, the aggregate number of Management Fee Units to be issued pursuant to the Proposed Authority does not exceed 13,500,000 new Units.

  • The Proposed Authority entails the allotment and issuance of up to 13,500,000 Management Fee Units for the part payment of the management fee to the Manager in the form of new Units.

  • Upon the issuance of the 1Q2015 Management Fee Units, the Manager may possibly end up acquiring additional Units which exceeds the threshold pursuant to Rule 14.1(a) of the Code.


More Definitions of Management Fee Units

Management Fee Units has the meaning set forth in Section 8.5(e)(3).
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Related to Management Fee Units

  • 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.

  • Management Fee shall have the meaning set forth in Section 10(a).

  • Asset Management Fee shall have the meaning set forth in Section 8.03.

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Collateral Management Fee The fee payable to the Collateral Manager in arrears on each Payment Date pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 hereof, comprised of (x) the Base Management Fee and (y) the Subordinated Management Fee.

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

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

  • Management Unit means an area established by the Commission for management purposes.

  • Incentive Fee shall have the meaning set forth in the Prospectus.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, expenses payable under the administration agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Management Fee Subordination Agreement means that certain Amended and Restated Management Fee Subordination Agreement, dated as of the Closing Date, by and between the Sponsor and Agent and acknowledged by the Borrower.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Commitment Fee Percentage means, with respect to the Revolving Loan Commitments at any time, the per annum percentage which is used to calculate Commitment Fees for such Revolving Loan Commitments determined pursuant to the Pricing Grid.

  • Base Management Fee means the base management fee, calculated and payable quarterly in arrears, in an amount equal to one-fourth of 1.50% of the Company’s Equity.

  • Ticking Fee has the meaning specified in Section 2.09(a).

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the third full calendar month following the Closing Date, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.

  • Servicing Fee Percentage With respect to each Mortgage Loan, the percentage specified on the Servicer Mortgage Loan Schedule.

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • LTM Fee Revenue has the meaning set forth in Section 7.2.2(c).

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Unused Fee has the meaning specified in Section 2.09(a).

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurodollar Margin for Revolving Loans in effect on such date.