Maximum Management Fee means 4.0% of gross revenues of the Property.
Maximum Management Fee means an amount not to exceed that amount which is reasonable and customarily incurred and paid by owners and operators of regional shopping malls in the region in which the Property is located.
Examples of Maximum Management Fee in a sentence
The annual Management Fee Rate for a class shall be the lesser of (1) the class’s Mandate Rate reduced by the class’s Discount Rate or (2) the Maximum Management Fee Rate set forth in Schedule 2 of this Contract, if applicable.
The per annum fees of the Approved Property Manager (including any incentive fees) shall not, at any time, exceed the Maximum Management Fee.
The per annum base management fees of the Approved Property Manager shall not, at any time, exceed the Maximum Management Fee.
Management Fees (continued)Oaktree Global Credit Fund and Oaktree Brunel Global Credit Fund bear a fee (the “Management Fee”) in an amount equal to the percentages specified in the table below under "Maximum Management Fee" for the relevant classes of shares of the Net Asset Value of each such class of ordinary share.
The Occupied Unit Per Month State Maximum Management Fee available on Attachment 3-F must be reflected on the proposed budgets and are effective January 1, for the specified fiscal year.
More Definitions of Maximum Management Fee
Maximum Management Fee means with respect to the Property, an amount not to exceed the management fee which would be paid to a third-party in an arms length transaction for services similar to the services to be rendered by Manager under the Management Agreement.
Maximum Management Fee means an amount not greater than the greater of (x) five percent (5%) per annum of Gross Income from Operations for each Asset and (y) the fee generally charged by third party managers of hotels substantially similar to such Asset (as reasonably determined by Administrative Agent) in the same region as such Asset but in no event in excess of seven percent (7%) per annum of Gross Income from Operations for each Asset. "MAXIMUM PERMITTED TRADE PAYABLES AND FF&E FINANCINGS" shall mean (x) Permitted Trade Payables which are outstanding for more than sixty (60) days and (y) FF&E Financings, in the aggregate for clause (x) and clause (y) not to exceed $350,000 per Asset and $16,537,500 for the Property.
Maximum Management Fee means an amount equal to five percent (5%) per annum of Gross Income from Operations for each Individual Property.
Maximum Management Fee means 5% of gross Revenue from the Property, as provided in the Management Agreement.
Maximum Management Fee means 4.0% of Revenues.
Maximum Management Fee means 3%, or such greater percentage as Lender shall approve in writing in its reasonable discretion, of the gross revenues of the applicable Property.
Maximum Management Fee means 3.6% of the gross revenues of the Properties. “Monthly Capital Expenditure Amount” means $126,019.73. “Monthly TI/LC Amount” means $484,681.25. “Moody’s” means Xxxxx’x Investors Service, Inc. and its successors. “Morningstar” means Morningstar Credit Ratings, LLC or its applicable affiliate, and its successors. “Mortgage” means, with respect to each Property, that certain Mortgage, Deed of Trust or Deed to Secure Debt (as the case may be), Assignment of Rents and Leases, Collateral Assignment of Property Agreements, Security Agreement and Fixture Filing encumbering such Property, executed by Borrower as of the Closing Date, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith. Each Mortgage shall secure the entire Indebtedness, provided that in the event that the jurisdiction in which the Property is located imposes a mortgage recording, intangibles or similar tax and does not permit the allocation of indebtedness for the purpose of determining the amount of such tax payable, the principal amount secured by such Mortgage shall be equal to the greater of (x) 125% of such Property’s Allocated Loan Amount and (y) the appraised value of such Property. “Multi-Asset Person” means a Person that derives less than 25% of its aggregate gross income, and less than 25% of its net worth, from its direct or indirect interest in the Properties. “Net Operating Income” means, as of any date of determination, the amount by which (x) Operating Income (other than percentage rent and other income not considered base rent) during the Fiscal Quarter then most recently ended, times four, plus the actual percentage rent and other income not considered base rent during the four Fiscal Quarters then most recently ended, exceeds (y) Operating Expenses during the four Fiscal Quarters then most recently ended. “Net Sales Proceeds” means, with respect to the sale of any Property, the gross amount paid by the purchaser thereof, minus customary and reasonable out-of-pocket costs and expenses actually incurred by Borrower in connection with such sale (including customary brokerage commissions), solely to the extent that such costs and expenses (x) are paid to third parties unaffiliated with Borrower or Sponsor and (y) do not, absent approval by Lender in its reasonable discretion, exceed 8% of the gross amount paid by the purchaser of such Property. “Nonconsolidation Opinion” means the opinion letter, dated the Cl...