Senior Collateral Management Fee definition
Senior Collateral Management Fee means the monthly fee, accruing from the Closing Date, payable in arrears on each Payment Date for the related Interest Accrual Period, in an amount equal to 0.50% per annum (calculated on the basis of a 360 day year and the actual number of days elapsed) of the Monthly Asset Amount.
Senior Collateral Management Fee. The fee payable to the Collateral Manager in arrears on each Payment Date (prorated for the related Interest Accrual Period) pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 of this Indenture, in an amount equal to 0.25% per annum (calculated on the basis of the actual number of days in the applicable Collection Period divided by 360) of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date.
Senior Collateral Management Fee shall have the meaning set forth in Section 8(a).
Examples of Senior Collateral Management Fee in a sentence
Interest on the Senior Collateral Management Fee Shortfall Amounts shall accrue at the Reference Rate for the period beginning on the first Payment Date on which the related Senior Collateral Management Fee was due (and not paid) through the Payment Date on which such Senior Collateral Management Fee Shortfall Amount (including accrued interest) is paid, as certified to the Trustee by the Collateral Manager.
At such time as the Debt is redeemed in whole in connection with an Optional Redemption (other than a Refinancing) or a Tax Redemption, without duplication, all accrued and unpaid Senior Collateral Management Fees, Current Deferred Senior Management Fees, Cumulative Deferred Senior Management Fees and Senior Collateral Management Fee Shortfall Amounts (including accrued interest) (collectively, the “Aggregate Senior Collateral Management Fee”) shall be due and payable to the Collateral Manager.
More Definitions of Senior Collateral Management Fee
Senior Collateral Management Fee. The meaning set forth in the Collateral Management Agreement.
Senior Collateral Management Fee means with respect to each Payment Date, a senior fee equal to the sum of (a) the Monitoring Fee and (b) the Senior Structuring Fee payable to the Collateral Manager pursuant to the Collateral Management Agreement; provided that the Senior Collateral Management Fee will be payable on each Payment Date only to the extent of funds available for such purpose in accordance with the Priority of Payments. Any unpaid Senior Collateral Management Fee will be deferred and paid on the next succeeding Payment Date to the extent funds are available for such purpose. Any unpaid Senior Collateral Management Fee that is deferred due to the operation of the Priority of Payments will not accrue interest. Any Senior Collateral Management Fee accrued but not paid prior to the resignation or removal of the Collateral Manager shall continue to be payable to the Collateral Manager on the Payment Date immediately following the effectiveness of such resignation or removal.
Senior Collateral Management Fee means the quarterly fee, accruing from the Closing Date, payable in arrears on each Payment Date for the related Interest Accrual Period, in an amount equal to 0.50% per annum (calculated on the basis of a 360 day year and the actual number of days elapsed) of the Quarterly Asset Amount.
Senior Collateral Management Fee means the fee payable to the Collateral Manager in Euro in arrear on each Payment Date pursuant to the Collateral Management Agreement, equal to the aggregate of (i) 0.15 per cent. per annum of the aggregate of the Principal Balances of the Underlying Assets and the Balances standing to the credit of the Principal Account and the Unused Proceeds Account, in each case, at the beginning of the Due Period preceding such Payment Date and (ii) an amount equal to the value added tax that would be payable on the amount calculated in (i) above assuming, if not otherwise
Senior Collateral Management Fee means a fee that accrues daily during the period beginning on and including the Closing Date and ending on and excluding the Maturity Date that is payable to the Collateral Manager pursuant to the Collateral Management Agreement in arrears on the Maturity Date, which fee shall be in an amount equal to (i) for so long as Apollo Debt Solutions BDC is the Collateral Manager, the product of (a)(i) Aggregate Principal Amount on each day during such period divided by (ii) the number of days elapsed in such period and (b) a rate equal to 0.00% per annum, or (ii) if Apollo Debt Solutions BDC is no longer the Collateral Manager, the product of (a)(i) Aggregate Principal Amount on each day during such period divided by (ii) the number of days elapsed in such period and (b) a rate equal to 0.25% per annum. For the avoidance of doubt, any Senior Collateral Management Fee shall only become due and payable on the Maturity Date.
Senior Collateral Management Fee means the fee payable by the Issuer to the Collateral Manager at a rate of 0.15 per cent. per annum of the aggregate of the Aggregate Principal Balance and the Balance standing to the credit of the Principal Account and the Unused Proceeds Account, in each case, as at the beginning of the Due Period preceding the applicable Payment Date (together with any value-added tax thereon and any Irish value- added tax payable by the Issuer in respect thereof) payable in arrear on each Payment Date in accordance with the Priorities of Payment; provided that any Senior Collateral Management Fee accrued but not paid on the Payment Date on which it is due, together with interest thereon at the rate of 6 month EURIBOR plus 3 per cent. per annum, will be added to the Senior Collateral Management Fee due on the next occurring Payment Date;
Senior Collateral Management Fee shall have the meaning specified in the Fee Letter, excluding any amounts thereof that have been waived at the option of the Collateral Manager as provided in the Collateral Management Agreement.