Subordinated Management Fee. The fee payable to the Collateral Manager in arrears on each Payment Date 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 Interest Accrual Period divided by 360, of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date.
Subordinated Management Fee has the meaning assigned to such term in the Collateral Management Agreement.
Subordinated Management Fee means the fee payable to the Collateral Manager on the final Payment Date, after all Termination Obligations have been paid in full, pursuant to Section 3(c) of this Agreement, in an amount equal to 0.50% per annum of the average of (x) the Collateral Principal Amount as of the first day and (y) the Collateral Principal Amount as of the last day, in each case, of each calendar month during each Interest Accrual Period, which amount shall accrue on each Payment Date until the Maturity Date.
Examples of Subordinated Management Fee in a sentence
The Base Management Fee, the Subordinated Management Fee and the Incentive Management Fee.
The Senior Management Fee, the Subordinated Management Fee and the Incentive Management Fee.
Collectively the Deferred Base Management Fee and the Deferred Subordinated Management Fee.
Collectively, the Deferred Senior Management Fee and the Deferred Subordinated Management Fee.
Any Subordinated Management Fee deferred by the Collateral Manager pursuant to Section 11.1(f) and the Collateral Management Agreement.
More Definitions of Subordinated Management Fee
Subordinated Management Fee. For each Payment Date, an amount equal to the product of (i) twenty percent (20%) and (ii) the Management Fee and Management Fee Arrearage payable on such date.
Subordinated Management Fee means a fee payable to the Collateral Manager equal to 0.35% per annum (calculated on the basis of a 360 day year and the actual number of days elapsed and subject to availability of funds and to the Priority of Payments) of the MaximumInvestment Amount as of the first day of the Collection Period for the related Payment Date payable in accordance with the Priority of Payments.
Subordinated Management Fee means management fees payable by Holdings or any of its Subsidiaries to Sponsor pursuant to the Management Services Agreement in an aggregate annual amount not to exceed $600,000, which shall not be payable (1) at any time when an Event of Default in respect of payment obligations hereunder shall have occurred and is continuing (or would be caused by such payment) and (2) prior to the payment in full, in Cash, of all Obligations following the occurrence of, and during the continuance of, an Event of Default in Section 8.1(f), Section 8.1(g) or Section 8.1(h) (relating to bankruptcy).
Subordinated Management Fee. The fee payable to the Portfolio Manager in arrears on each Payment Date (prorated for the related Collection Period) pursuant to Section 8(a) of the Portfolio Management Agreement and Section 11.1 of this Indenture, in an amount equal to 0.35% per annum (calculated on the basis of a 360-day year consisting of twelve 30-day months) of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date; provided that the Subordinated Management Fee payable on any Payment Date shall not include any such fee (or any portion thereof) the payment of which has been irrevocably waived by the Portfolio Manager pursuant to Section 11.1(d) no later than the Determination Date immediately prior to such Payment Date.
Subordinated Management Fee means the fee payable to the Collateral Manager after all Termination Obligations have been paid pursuant to Section 3(c) of this Agreement, in an amount equal to 0.50% per annum of the Collateral Principal Amount, which amount shall accrue on each Payment Date until the Maturity Date.
Subordinated Management Fee. The fee payable to the Collateral Manager in arrears on each Payment Date, pursuant to the Collateral Management Agreement and the Priority of Payments, in an amount equal to the product of (i) 0.35% per annum (calculated on the basis of a 360‑day year and the actual number of days elapsed during the related Interest Accrual Period) of the Fee Basis Amount measured as of the first day of the Collection Period relating to each Payment Date and (ii) if CGCIM (or an Affiliate thereof) is not the Collateral Manager, 1.0 otherwise (x) the Aggregate Outstanding Amount of Preferred Interests not held by the Carlyle Holders divided by (y) the Aggregate Outstanding Amount of the Preferred Interests.
Subordinated Management Fee. With respect to each Payment Date, an amount equal to 0.75% multiplied by the Aggregate Collateral Balance on the first day of the Due Period immediately preceding such Payment Date calculated on the basis of the actual number of days elapsed in the applicable period over a 360-day year.