Total Managed Assets means the total assets of the Fund (including assets attributable to any preferred shares and borrowings of the Fund that may be outstanding) minus accrued liabilities (other than liabilities representing borrowings). The Additional Compensation shall be payable as set forth in Section 3 hereof.
Total Managed Assets shall have the meaning specified in paragraph 10(c) of Part I of this Section 12.1.
Total Managed Assets means, as of any Quarter End, the total balance sheet assets of the Corporation, plus securitized receivables.
Examples of Total Managed Assets in a sentence
He reported that as of January 31, 2021, the Foundation’s total investment portfolio stands at approximately $342.3M and that the Total Managed Assets returned 15.9%, noting that J.P. Morgan officially assumed management of the portfolio as of January 1, 2021 acting as the Foundation’s outsourced Chief Investment Officer.
The Custodian may, with respect to questions of law, apply for and obtain the advice and opinion of counsel, at the expense of the Fund, and shall be fully protected with respect to anything done or omitted by it in good faith in conformity with the advice or opinion of counsel.
He reported that as of May 31, 2020, the Foundation’s total investment portfolio stands at approximately $301M and that the Total Managed Assets returned 0.4%.
Sr. VP Lipman reported that as of April 30, 2021, the Foundation’s total investment portfolio stands at approximately $380M and that the Total Managed Assets returned 25.3%.
She also reported that the Foundation’s Total Managed Assets returns were within the targeted 100-200 basis points of outperformance range.
More Definitions of Total Managed Assets
Total Managed Assets means, as of any fiscal quarter end, total balance sheet assets plus securitized receivables. All financial terms used in this section under the heading “Mandatory Trigger and Mandatory Deferral” will be determined in accordance with GAAP as applied to and reflected in the Company’s consolidated financial statements as of the relevant dates or for the relevant periods, except (i) that the Company’s Total Equity Amount, Adjusted EBITDA and Average Four Quarters Fixed Charge Ratio at any date and for any period will be adjusted to exclude extraordinary items, unusual items and infrequently occurring items as defined in APB 30, goodwill impairment as defined in Financial Accounting Standards Board Statements of Financial Accounting Standards (“SFAS”) No. 142 and amounts relating to discontinued operations as defined in SFAS No. 144 and (ii) as provided in the next paragraph. If because of a change in GAAP that results in a cumulative effect of a change in accounting principle or a restatement,
Total Managed Assets means the average daily gross net asset value of the Fund (which includes assets attributable to the Fund’s preferred stock, if any, and the principal amount Fund borrowings including assets attributable to tender option bonds and other similar transactions and forms of leverage). For avoidance of doubt, with regard to compensation, it is intended that this Agreement reflect the terms of the “Letter of Intent” between RiverNorth Capital Management and Centric Fund Services, dated June 25, 2019.
Total Managed Assets means (i) the net assets of the Trust (including assets attributable to any preferred shares that may be outstanding) plus (ii) any additional total assets of the Trust attributable to borrowings of money, the use of reverse repurchase agreements or dollar rolls or the issuance of debt securities (together "external borrowings"), without deducting liabilities representing external borrowings. The liquidation preference of any preferred shares of the Trust, if any, constituting financial leverage shall not be considered a liability of the Trust. For any period less than a month during which this Agreement is in effect, the Investment Sub-Advisory Fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be.
Total Managed Assets means the total assets of the Trust (including any such assets attributable to leverage) minus the sum of accrued liabilities (other than liabilities representing leverage). For purposes of this Agreement, the Total Managed Assets of the Trust shall be calculated pursuant to procedures adopted by the Trustees of the Trust for calculating the value of the Trust?s assets or delegating such calculations to third parties. Fees due to WAML Singapore hereunder shall be paid promptly to WAML Singapore by the Manager following its receipt of fees from the Trust. For any period less than a month during which this Agreement is in effect, the fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be.
Total Managed Assets has the meaning specified in Section 3.11.
Total Managed Assets means, as of any fiscal quarter end, total assets as reflected on the Corporation’s consolidated balance sheet as of such fiscal quarter end, excluding (i) goodwill and (ii) other intangible assets, plus, without duplication, the then outstanding balance as of such fiscal quarter end of receivables contributed by the Corporation into securitizations in which the Corporation (x) contributed receivables accounting for 50% or more of the total receivables conveyed to a trust which then issued asset-backed securities and (y) retained as of such fiscal quarter end any of the asset-backed securities issued by such trust and/or any beneficial interest in the trust. The Corporation’s fiscal quarter end dates are the last day of each March, June, September and December. All financial terms used in this Section 3.11 shall be determined in accordance with GAAP as applied to and reflected in the Corporation’s consolidated financial statements as of the date hereof, except that the Corporation’s Tangible Equity Amount, Adjusted Earnings Before Interest and Taxes and Average Four Quarters Fixed Charge Ratio at any date and for any period shall be adjusted to exclude extraordinary items, unusual items and infrequently occurring items as defined in Accounting Principles Bulletin 30, goodwill impairment as defined in Financial Accounting Standards Board Statements of Financial Accounting Standards No. 142 and amounts relating to discontinued operations as defined in Financial Accounting Standards Board Statements of Financial Accounting Standards No. 144. If as of any relevant date or for any relevant period the Corporation is not a reporting company under the Exchange Act, then for any such relevant date and period the Corporation shall prepare and deliver to the Trustee the consolidated financial statements that the Corporation would have been required to file with the Commission had the Corporation been a reporting company under the Exchange Act, in each case within 15 calendar days after the date that the Corporation would have been required to file such financial statements had the Corporation not been an “accelerated filer” within the meaning of Rule 12b-2 under the Exchange Act. If as of any relevant date the Corporation is a reporting company under the Exchange Act, then as of any such relevant date the Corporation shall include the Total Managed Assets in the notes to its consolidated financial statements. By not later than the 15th calendar day prior to each paym...
Total Managed Assets means, with respect to the Company on a consolidated basis, as of any fiscal quarter end, total balance sheet assets plus securitized receivables.