Special Limited Partner Asset Management Fee definition

Special Limited Partner Asset Management Fee means the one-time fee of Ninety- Three Thousand and 00/100 Dollars ($93,000.00) payable by the Borrower to the Special Limited Partner under and pursuant to Amended and Restated LPA. The Special Limited Partner Asset Management Fee shall be payable out of the Berkeley I Apartments Development Project Budget and not as an operating expense or from Residual Receipts.
Special Limited Partner Asset Management Fee means the one-time fee totaling$50,886.00 payable by the Borrower to the Special Limited Partner under and pursuant to the terms of the Amended and Restated LPA. Any Special Limited Partner Asset Management Fee payments from the Borrower to the Special Limited Partner paid from Residual Receipts (if any) shall be payable solely out of the Borrower’s retained Residual Receipts, pursuant to the disbursement of such Residual Receipts to the Borrower under Section 2.05(b)(1) below.
Special Limited Partner Asset Management Fee means the asset management fee of $5,000.00 per Fiscal Year (increasing annually by two percent (2%)) payable at the end of each Fiscal Year to the Special Limited Partner as compensation for the Special Limited Partner’s asset management services to the Borrower, which is payable solely out of the Special Limited Partner Asset Management Fee Reserve, or, in the event the Special Limited Partner Asset Management Fee Reserve has been depleted, out of the Borrower’s retained 45% of the Residual Receipts, pursuant to the disbursement of such Residual Receipts to the Borrower under Section 2.05(b)(1)(i)(B) below.

Examples of Special Limited Partner Asset Management Fee in a sentence

  • Upon the withdrawal by the Class B Special Limited Partner from the Partnership or the purchase of the interest of the Class B Special Limited Partner as provided in this Addendum, the terms of this Addendum (other than Sections 4(c) and 6, which shall continue to apply) shall cease to apply and no longer be in force, and the Class B Special Limited Partner Asset Management Fee Agreement shall terminate.

  • Special Limited Partner Asset Management Fee, (VII) payments into or withdrawals from the Capital Replacement Reserve, Lease-Up Reserve, Operating Reserve, and Special Limited Partner Asset Management Fee Reserve, and (VIII) Residual Receipts, on a month-by-month basis for the applicable Budget Year.

  • Borrower covenants and agrees that the annual Special Limited Partner Asset Management Fee paid by the Borrower to the Special Limited Partner shall be paid solely from the Special Limited Partner Asset Management Fee Reserve, or, in the event the Special Limited Partner Asset Management Fee Reserve has been depleted, out of the Borrower’s retained 45% of the Residual Receipts, pursuant to the disbursement of such Residual Receipts to the Borrower under Section 2.05(b)(1)(i)(B) above..


More Definitions of Special Limited Partner Asset Management Fee

Special Limited Partner Asset Management Fee means the asset management fee of$5,000.00 per Fiscal Year (increasing annually by two percent (2%)) payable at the end of each Fiscal Year to the Special Limited Partner as compensation for the Special Limited Partner’s asset management services to the Borrower, which is payable solely out of the Special Limited Partner Asset Management Fee Reserve, or, in the event the Special Limited Partner Asset Management Fee Reserve has been depleted, out of the Borrower’s retained 45% of the Residual Receipts, pursuant to the disbursement of such Residual Receipts to the Borrower under Section 2.05(b)(1)(i)(B) below.

Related to Special Limited Partner Asset Management Fee

  • Special Limited Partner means WNC Housing, L.P., a California limited partnership, and such other Persons as are admitted to the Partnership as additional or substitute Special Limited Partners pursuant to this Agreement.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Asset Management Fee shall have the meaning set forth in Section 8.02.

  • Initial Limited Partner has the meaning set forth in the Preamble.

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

  • Class A Limited Partner means EPCO Holdings, Inc., a Delaware corporation, and its successors and assigns.

  • CLO Asset Manager means, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the Directing Holder).

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • CDO Asset Manager with respect to any Securitization Vehicle that is a CDO, shall mean the entity that is responsible for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the holder of such Note).

  • Additional Limited Partner means a Person admitted to the Partnership as a Limited Partner pursuant to Section 10.4 and who is shown as such on the books and records of the Partnership.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.

  • Asset management means a systematic process of operating and maintaining the state system of

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • GP means Gottbetter & Partners, LLP.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Original Limited Partner means any Person that is a Limited Partner as of the close of business on the date of the closing of the issuance of REIT Shares pursuant to the initial public offering of REIT Shares, and does not include any Assignee or other transferee, including, without limitation, any Substituted Limited Partner succeeding to all or any part of the Partnership Interest of any such Person.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Blackstone means Blackstone Capital Partners V L.P. and its Affiliates.