Base Fee $60 million (Avg Daily Net Assets For Most Recent Month) * 0.45% * (31/365) = $22,931.51 Performance Fee: $40 million (Avg Daily Net Assets for rolling 12-month period) * -0.25% * (31/365) = $(8,493.15) Total Fulcrum Fee: $14,438.36 = $22,931.51 (Base Fee) - $8,493.15 (Performance Fee)
Monitoring Fee means the fees payable to the Lender pursuant to Section 2.03(b) below.
Access Fee means a fee prescribed for the purposes of section 22(6) or 54(6), as the case may be;
Hire Fee the hire fee specified in Item 13.
Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.
Performance Fee means the fee payable to the Advisor under certain circumstances if certain performance standards have been met and the Subordinated Incentive Fee has not been paid.
Developer Fee means the fee earned by the Developer.
Management Fee has the meaning given in Section 4.1.
Services Fee means, collectively, the Senior Services Fees and the Subordinated Services Fees.
Structuring Fee has the meaning set forth in the Fee Letter.
Annual Fee has the meaning stated in Section 4.02(a).
Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral Management Fee.
Annual Fees means the annual fees determined by the Council in terms of section 27;
Impact fee means a payment of money imposed under Title 11, Chapter 36a, Impact Fees Act.