RELATED PARTY PAYMENTS

RELATED PARTY PAYMENTS. Means the excess of: (a) any fees or any other costs paid or payable to or for the account or benefit of any Affiliated Entities for work, materials or services, over (b) the amount of such fees or costs which would be payable to unrelated parties in an arms-length transaction for the same or equivalent work, materials or services. Notwithstanding the foregoing, no fees paid to any Affiliated Entity shall constitute Related Party Payments if paid in accordance with the provisions of the... Mortgages and other Loan Documents and the terms of a management agreement approved in writing by GECC. View More