Subordinated Investment Management Fee definition

Subordinated Investment Management Fee means the fee payable to the Investment Manager in arrear on each Payment Date in respect of the immediately preceding Due Period, pursuant to the Investment Management Agreement equal to 0.50 per cent. per annum (calculated semi-annually on the basis of a 360-day year and the actual number of days elapsed in such Due Period) of the Aggregate Collateral Balance as at the first day of the Due Period immediately preceding such Payment Date, as determined by the Collateral Administrator.

Subordinated Investment Management Fee means the fee payable to the Investment Manager in arrear on each Payment Date in respect of the immediately preceding Due Period, pursuant to the Investment Management Agreement in an amount, as determined by the Collateral Administrator, equal to 0.45% per annum (calculated semi-annually on the basis of a 360-day year and the actual number of days elapsed in such Due Period) of the Average Aggregate Collateral Balance in such Due Period immediately preceding such Payment Date and if deferred in accordance with the Priorities of Payment, interest shall accrue at the rate of EURIBOR plus 3% per annum and shall be payable pro-rata to the Investment Manager and any former investment managers by reference to the period of time that such entity was the “Investment Manager”.

Subordinated Investment Management Fee means the fee of such name payable to the Investment Manager on each Payment Date pursuant to the Investment Management Agreement, equal to 0.50 per cent. per annum of the Average Aggregate Collateral Balance, calculated on the basis of the actual number of days in the Due Period divided by 360 (plus any value added tax payable thereon).

Examples of Subordinated Investment Management Fee in a sentence

• Hygiene kits (including soap) will be distributed to the Refugees to ensure their health conditions.

• Any Subordinated Investment Management Fee (i) deferred by the Investment Manager pursuant to Section 11.1(f) and the Investment Management Agreement or (ii) not paid because funds are not available in accordance with the Priority of Payments on a Payment Date.

• Moreover, if Chenavari Credit Partners LLP were to cease being the Investment Manager, it may be difficult to find a replacement Investment Manager on account of the fact that the Investment Manager has agreed to waive or otherwise not receive a portion of what would otherwise have constituted the Subordinated Investment Management Fee, which instead will be payable to the Class M-2 Noteholders by way of interest distribution (see "Certain Conflicts of Interest– Investment Manager" below).

• Any Subordinated Investment Management Fee (i) deferred by the Investment Manager pursuant to Section 11.1(gf) and the Investment Management Agreement or (ii) not paid because funds are not available in accordance with the Priority of Payments on a Payment Date.

• The Senior Investment Management Fee, the Subordinated Investment Management Fee and the Investment Manager Incentive Fee Amount, including any such fee that has been deferred because amounts were not available under the Priority of Payments on any prior Distribution Date (including any interest thereon) and any Deferred Fees (including any interest thereon), in each case that have not been repaid.

More Definitions of Subordinated Investment Management Fee

Subordinated Investment Management Fee means the fee payable to the Investment Manager in arrear on each Payment Date in respect of the immediately preceding

Subordinated Investment Management Fee means the fee payable to the Investment Manager on each Payment Date (subject to availability of funds and to the Priorities of Payment) in an amount equal to 0.40 per cent. per annum of the Aggregate Collateral Balance as of the immediately preceding Determination Date, less any Deferred Subordinated Fee that is deferred until payment (with accrued interest) on the Deferred Subordinated Fee Payment Dates pursuant to the Investment Management Agreement. The Subordinated Investment Management Fee shall be calculated on the basis of a calendar year consisting of 360 days and the actual number of days elapsed and shall be payable exclusive of value added tax.

Subordinated Investment Management Fee means the fee payable to the Investment Manager on each Payment Date (subject to availability of funds and to the Priority of Payments) in an amount equal to 0.50 per cent. per annum of the Aggregate Collateral Balance and is payable before any payments of distributions on the Class G Subordinated Notes. This fee will be calculated on the basis of a calendar year consisting of 360 days and the actual number of days elapsed.

Subordinated Investment Management Fee means the fee of such name payable to the Investment Manager on each Payment Date pursuant to the Investment Management Agreement, equal to 0.45 per cent. per annum of the Aggregate Collateral Balance on the first Business Day of the Due Period preceding such Payment Date and calculated on the basis of a 360-day year and actual days elapsed, plus any VAT, whether payable to the Investment Manager or directly to the relevant taxing authority, payable thereon, and any Subordinated Investment Management Fee not paid on a Payment Date (together with interest thereon in accordance with the Investment Management Agreement) shall be included in the Subordinated Investment Management Fee payable on the next occurring Payment Date.

Subordinated Investment Management Fee means the fee payable to the Investment Manager in arrear on each Payment Date in respect of the immediately preceding Due Period pursuant to the Investment Management Agreement (which may be waived or deferred at the Investment Manager's discretion) in an amount, as determined by the Collateral Administrator, equal to 0.35 per cent. per annum (calculated on each Determination Date on the basis of a 360- day year and the actual number of days elapsed in such Due Period) of the Average Aggregate Principal Balance (where for such purpose the Aggregate Principal Balance shall be determined with respect to the EOS Portfolio only).

Subordinated Investment Management Fee means the fee payable to the Investment Manager on each Payment Date pursuant to the Investment Management Agreement, equal to 0.50 per cent. per annum of the Average Aggregate Principal Balance as at the last day of each month in the Due Period preceding such Payment Date plus any amount of value added tax (if applicable) payable thereon.

Subordinated Investment Management Fee means the fee payable to the Investment Manager (exclusive of VAT) in arrear on each relevant Payment Date in respect of the immediately preceding DuePeriod pursuant to the Investment Management Agreement in an amount, as determined by the Collateral Administrator, equal to 0.05 per cent. per annum (calculated semi-annually following the occurrence of a Frequency Switch Event and quarterly at all other times, in each case on the basis of a 360 day year and the actual number of days elapsed in such Due Period) of the Aggregate Collateral Balance as of the beginning of the Due Period relating to the applicable Payment Date.