Net Assets Under Management definition
Net Assets Under Management means the total Company assets, including notes (at book value), real estate owned (at the lower of cost or fair market value), accounts receivable, advances made to protect loan security, unamortized organizational expenses, cash and any other Company assets, less Company liabilities. The Asset Management Fee will typically be paid on the last day of each calendar month with respect to the Net Assets Under Management as of last day of such monthly.
Net Assets Under Management means the total Company's capital, including cash, notes (at book value), real estate owned (at book value), accounts receivable, advances made to protect loan security, unamortized organizational expenses and any other Company assets valued at fair market value, less Company liabilities.
Net Assets Under Management means the total Fund capital, including cash, notes (at book value), real estate owned (at book value), accounts receivable, advances made to protect loan security, unamortized organizational expenses and any other Fund assets valued at fair market value, less Fund liabilities. The Asset Management Fee will be calculated and paid to the Manager on the last day of each calendar month with respect to Net Assets Under Management on such date.
Examples of Net Assets Under Management in a sentence
The Asset Management Fee will typically be paid on the last day of each calendar month with respect to the Net Assets Under Management as of last day of such month.
The Manager shall earn an annual asset management fee (“Asset Management Fee”) of One and Three-Quarters of One Percent (1.75%) of Net Assets Under Management, calculated and payable monthly.
SIC shall earn an annual asset management fee (“Asset Management Fee”) of One and Three-Quarters of One Percent (1.75%) of Net Assets Under Management, calculated and payable monthly.
More Definitions of Net Assets Under Management
Net Assets Under Management means the total Partnership's capital, including cash, notes (at book value), real estate owned (at book value), accounts receivable, advances made to protect loan security, unamortized organizational expenses and any other Partnership assets valued at fair market value, less Partnership liabilities.
Net Assets Under Management means assets under management of AAM and AAM's Subsidiaries minus a portion of the assets under management of each of AAM's Subsidiaries which is not a Wholly-Owned Subsidiary of AAM, which portion bears the same proportion to the total value of assets under management of such Subsidiary as the amount of equity interests in such Subsidiary held by Persons other than AAM and its Wholly-Owned Subsidiaries bears to the total amount of equity interests in such Subsidiary. For purposes of this paragraph, a "Deemed AAM Wholly-Owned Subsidiary" shall mean a Subsidiary of AAM which, but for ownership by management of such Subsidiary of equity interests which are nontransferable and which, in the aggregate, constitute not more than 20% of the outstanding equity interests of such Subsidiary, would be a Wholly-Owned Subsidiary of AAM.