Subordinated Portfolio Management Fee has the meaning specified in the Portfolio Management Agreement.
Subordinated Portfolio Management Fee means the fee of such name payable to the Portfolio Manager on each Payment Date pursuant to the Portfolio Management Agreement, equal to 0.2 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 the actual number of days in the relevant Due Period divided by a 360-day year (as calculated by the Collateral Administrator), plus value added tax (if any) payable thereon.
Subordinated Portfolio Management Fee means the fee of such name payable to the Portfolio Manager on each Payment Date pursuant to the Portfolio Management Agreement, equal to 0.25 per cent. per annum of the Aggregate Collateral Balance on the first Business Day of the Due Period preceding such Payment Date, calculated semi-annually on the basis of a 360-day year comprised of twelve 30-day months, plus UK value added tax (if any) payable thereon.
Examples of Subordinated Portfolio Management Fee in a sentence
The Portfolio Manager may, pursuant to the Priorities of Payment, defer (in the case of the Senior Portfolio Management Fee or the Subordinated Portfolio Management Fee), all or a portion of Portfolio Management Fees in each case that would otherwise have been payable to it pursuant to the Priorities of Payments.
Pursuant to the Transaction Documents, the Portfolio Manager may (in its sole discretion), pursuant to the Priorities of Payment, apply funds by either deferring or designating for reinvestment in Collateral Debt Obligations or the purchase of Notes pursuant to Condition 7(k) (Purchase) or irrevocably waiving all or a portion of the Subordinated Portfolio Management Fee that would otherwise have been payable to it.
The Senior Portfolio Management Fee, any Senior Portfolio Management Fee Interest, the Subordinated Portfolio Management Fee, the Deferred Subordinated Portfolio Management Fee and the Portfolio Manager Incentive Fee.
More Definitions of Subordinated Portfolio Management Fee
Subordinated Portfolio Management Fee means the fee of such name payable to the Portfolio Manager on each Payment Date pursuant to the Portfolio Management Agreement, equal to 0.275 per cent. per annum of the Aggregate Collateral Balance on the first Business Day of the Due Period preceding such Payment Date, calculated semi-annually on the basis of a 360- day year comprised of twelve 30-day months, plus UK value added tax (if any) payable thereon and includes, for the avoidance of doubt, any such fee payable to a former Portfolio Manager pursuant to the Portfolio Management Agreement, pro rated where applicable. For the avoidance of doubt, any reference in the Priorities of Payment to amounts payable to the Portfolio Manager shall be deemed to include a reference to any amounts payable to a former Portfolio Manager pursuant to the Portfolio Management Agreement, pro-rated where applicable.
Subordinated Portfolio Management Fee means the fee payable to the Portfolio Manager in arrear on each Payment Date in respect of the immediately preceding Due Period pursuant to the Portfolio Management Agreement equal to 0.30 per cent. per annum (calculated semi-annually on the basis of a 360-day year comprised of twelve 30-day months) of the Average Aggregate Collateral Balance, as determined by the Collateral Administrator.
Subordinated Portfolio Management Fee means the fee payable to the Portfolio Manager in arrear on each Payment Date in respect of the immediately preceding Due Period, pursuant to the Portfolio Management Agreement equal to 0.20 per cent. per annum (calculated quarterly on the basis of a 360- day year comprised of twelve 30-day months) of the Average Aggregate Collateral Balance applicable to such Due Period.
Subordinated Portfolio Management Fee means the fee payable to the Portfolio Manager in arrears on each Payment Date in respect of the immediately preceding Due Period, pursuant to the Portfolio Management Agreement equal to 0.25 per cent. per annum (calculated semi-annually on the basis of a 360-day year comprised of twelve 30-day months) of the Aggregate Collateral Balance, at the beginning of the Due Period relating to such Payment Date, excluding any value added tax due and payable thereon.
Subordinated Portfolio Management Fee means the subordinated portfolio management fee payable to the Portfolio Manager on each Payment Date pursuant to the Portfolio Management Agreement, payable quarterly in arrears, equal to (i) 0.15 per cent. per annum of the Aggregate Collateral Balance on the Determination Date immediately preceding such Payment Date, together with any value added tax thereon (whether payable to the Portfolio Manager or directly to therelevant tax authority) and (ii) any Subordinated Portfolio Management Fee accrued but unpaid on the Payment Date on which it is originally due (other than in relation to which the Portfolio Manager has elected to defer payment) together with interest at the rate equal to the offered rate for three-month EURIBOR as determined by the Principal Paying Agent from time to time, from (and including) the Payment Date on which such fee was due to (but excluding) the day on which such fee is actually paid.