Subordinate Collateral Management Fee shall have the meaning set forth in Section 8(a).
Subordinate 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 0.50% 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.
Subordinate Collateral Management Fee means the fee payable to the Collateral Manager in arrears on each Distribution Date pursuant to Section 8 of the Collateral Management Agreement (or any comparable provision in any replacement collateral management agreement), in an amount (which shall be certified by the Collateral Manager to the Trustee) equal to 0.20% per annum of the Quarterly Asset Amount for such Due Period and subject to the Priority of Payments.
Examples of Subordinate Collateral Management Fee in a sentence
Interest on the Subordinate Collateral Management Fee Shortfall Amounts shall accrue at LIBOR + 0.25% for the period beginning on the first Payment Date on which the related Subordinate Collateral Management Fee was due (and not paid) through the Payment Date on which such Subordinate Collateral Management Fee Shortfall Amount (including accrued interest) is paid.
The Subordinate Collateral Management Fee is payable on each Payment Date only to the extent that sufficient Interest Proceeds or Principal Proceeds are available in accordance with the Priority of Payments.
Without duplication, all accrued and unpaid Subordinate Collateral Management Fees, Current Deferred Subordinate Management Fees, Cumulative Deferred Subordinate Management Fees and Subordinate Collateral Management Fee Shortfall Amounts (including accrued interest).
Notwithstanding any other provision hereof, the aggregate amount of all accrued but unpaid Subordinate Collateral Management Fee payable on the final Payment Date or, if earlier, following the winding up of the Issuer shall be equal to the lesser of (a) the nominal amount thereof and (b) the amount available for payment under the Priority of Payments.
All or a portion of the previously deferred Subordinate Collateral Management Fees or Subordinate Collateral Management Fee Shortfall Amounts (including accrued interest prior to the Payment Date on which the payment of such Subordinate Collateral Management Fee Shortfall Amount was deferred by the Collateral Manager), which may be declared due and payable by the Collateral Manager on any Payment Date.
More Definitions of Subordinate Collateral Management Fee
Subordinate Collateral Management Fee. The fee payable quarterly in arrears on each Payment Date to the Collateral Manager pursuant to this Indenture and the Collateral Management Agreement, in an amount equal to 0.25% per annum of the Net Outstanding Portfolio Balance to the extent funds are available for such purpose in accordance with the Priority of Payments.
Subordinate Collateral Management Fee means the fee payable to the Collateral Manager at a per annum rate in arrears on each Payment Date pursuant to the Collateral Management Agreement, in an amount (as certified by the Collateral Manager to the Trustee) equal to 0.25% of the Fee Basis Amount for such Payment Date; provided that the Subordinate 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 Subordinate 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 Subordinate Collateral Management Fee that is deferred due to the operation of the Priority of Payments will not accrue interest. Any Subordinate 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.
Subordinate 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 0.35% per annum (calculated on the basis of the actual number of days in the applicable Interest Accrual Period divided by 360) of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date. The Collateral Manager may, in its sole discretion, waive its right to receive any portion of the Subordinate Collateral Management Fee with respect to any Payment Date.
Subordinate Collateral Management Fee means the fee of such name payable to the Collateral Manager on each Payment Date falling in June and December in each year pursuant to the Collateral Management Agreement, equal (exclusive of any Dutch value added tax payable in respect thereof) to 0.50 per cent. per annum of the Average Aggregate Collateral Balance in respect of the two Due Periods preceding such Payment Dates, calculated semi-annually on the basis of a 360-calendar day year comprised of twelve 30-calendar day months (as calculated by the Calculation Agent), and includes, for the avoidance of doubt, any such fee payable to a former Collateral Manager pursuant to the Collateral Management Agreement, pro rated where applicable.
Subordinate Collateral Management Fee means the fee payable to the Collateral Manager at a per annum rate in arrears on each Payment Date pursuant to the Collateral Management Agreement, in an amount (as certified by the Collateral Manager to the Trustee) equal to 0.20% of the Fee Basis Amount for such Payment Date; provided that the Subordinate 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 Subordinate 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 Subordinate Collateral Management Fee that is deferred due to the operation of the Priority of Payments will not accrue interest. Any Subordinate 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.
Subordinate Collateral Management Fee. The fee payable quarterly in arrears on each Payment Date to the Collateral Manager pursuant to this Indenture and the Collateral Management Agreement, in an amount equal to, so long as CBRE Realty Finance Management, LLC is the Collateral Manager, 1/4 of 0.20% of the aggregate outstanding principal amount of the Collateral Interests, Eligible Investments purchased with Principal Proceeds, cash representing Principal Proceeds outstanding immediately following the prior Payment Date (or outstanding on the Closing Date, in the case of the first Payment Date), and the Aggregate Class AR Undrawn Amount (without duplication) for such Payment Date, to the extent such funds are available for such purpose in accordance with the Priority of Payments calculated for each Interest Accrual Period, assuming a 360-day year. For so long as CBRE Realty Finance Management, LLC is serving as the external manager of CBRE REIT Parent it will waive its right to receive the Subordinate Collateral Management Fee.
Subordinate Collateral Management Fee. For so long as CBRE Realty Finance Management, LLC is the Collateral Manager, 1/12 of 0.15% of the Aggregate Collateral Balance of the Collateral Interests, Eligible Investments purchased with Principal Proceeds and cash representing Principal Proceeds outstanding immediately following the prior Payment Date, or outstanding on the Closing Date, in the case of the first Payment Date computed on the basis of a 360 day year and the actual number of days elapsed in the related Interest Accrual Period.