ADVISOR PAYMENT Clause Samples

ADVISOR PAYMENT. The Advisor shall pay the Placement Agent from its own resources an annual amount (the "Advisor Payment"), payable quarterly in arrears, equal to, on an annualized basis, 1% of the Fund's net asset value attributable to investments in the Fund made by Placement Agent Customers (taking into account the Fund's classes and series) on the last business day of the relevant quarter, determined in accordance with the valuation procedures used to calculate the Management Fee payable to the Advisor. The Advisor Payment shall be paid by the Advisor to the Placement Agent by wire transfer in immediately available federal funds to an account designated by the Placement Agent, within twenty (20) days after the conclusion of each calendar quarter, beginning with the quarter ending subsequent to the initial closing date. The obligations of the Advisor to pay the Advisor Payment to the Placement Agent shall survive the termination of this Agreement for as long as (1) one or more Shareholders are Placement Agent Customers and (2) the Placement Agent is not in material breach of any of its representations or warranties contained herein.
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ADVISOR PAYMENT. (i) Within 45 days after the end of each of the Fiscal Quarters ended March 31, June 30, and September 30, and within 90 days after the Fiscal Quarter ended December 31, and in no event later than the date of delivery of the Company's financial statements by the Advisor to the Company as of and for the end of the applicable Fiscal Quarter, the Advisor shall provide or cause to be provided to the Company a statement (the “Reconciliation Statement”) setting forth, in reasonable detail and with appropriate calculations and computations, in all respects satisfactory to the Company, (a) 1.0% of the Assets under Management as of the last day of the preceding Fiscal Quarter (the “Periodic Assets under Management Calculation”) less Adjusted Advisor Payment for the previous three Fiscal Quarters and (b) the Free Cash Flow Calculation for the prior twelve month period concluding on the last day of the preceding Fiscal Quarter (the “Periodic Free Cash Flow Calculation”). Such Reconciliation Statement shall also include calculations and computations, in all respects satisfactory to the Company, demonstrating compliance with the Free Cash Flow Coverage Ratio Requirement as of and for the following four Fiscal Quarters on a pro forma basis after giving effect to the Adjusted Advisor Payment. (ii) Subject to the reduction set forth in Section 8(G) and elsewhere in this Agreement, the Advisor shall be entitled to receive for such applicable period an amount equal to the lesser of (a) the Periodic Assets under Management Calculation less Adjusted Advisor Payment for the previous three Fiscal Quarters and (b) the Periodic Free Cash Flow Calculation (the lesser of which shall be the “Adjusted Advisor Payment”).
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ADVISOR PAYMENT. (i) Within 45 days after end of each Fiscal Quarter, and 90 days after the end of the Fiscal Year, and in no event later than the date of delivery of financial statements by the Advisor to the Company as of and for the end of such Fiscal Quarter, the Advisor shall provide or cause to be provided to the Company a statement (the “Reconciliation Statement”) setting forth, in reasonable detail and with appropriate calculations and computations, in all respects satisfactory to the Company: (a) as of and for the Fiscal Quarter then ended, the Asset Management Fee payable under Section 8(A) hereof plus all Operating Expenses to be reimbursed to the Advisor pursuant to Section 9(A) hereof (the “Periodic Advisor Calculation”), (b) as of and for the Fiscal Quarter then ended, a calculation setting forth one-quarter of 1.5% of Assets under Management (“Periodic Assets under Management Calculation”), and (c) the Free Cash Flow Calculation. Such Reconciliation Statement shall also include calculations and computations, in all respects satisfactory to the Company, demonstrating compliance with Free Cash Flow Coverage Ratio Requirement as of and for the following four Fiscal Quarters on a pro forma basis after giving effect to any Adjusted Advisor Payment (as defined and described below). (ii) Subject to the reduction set forth in Section 8(G) and elsewhere in this Agreement, and in lieu of the Asset Management Fee payable under Section 8(A) hereof plus all Operating Expenses to be reimbursed to the Advisor pursuant to Section 9(A) hereof, the Advisor shall be entitled to receive for such period an amount equal to the least of (a) the Periodic Advisor Calculation, (b) the Periodic Assets under Management Calculation and (c) the Free Cash Flow Calculation (as applicable, the “Adjusted Advisor Payment”).
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Related to ADVISOR PAYMENT

  • – PREMIUM & OTHER PAYMENT 16.01 Overtime shall be paid for all paid hours over seven and one-half (7½) hours on a shift or seventy-five (75) hours bi-weekly at the rate of one and one-half (1½) times the employee's regular straight time hourly rate of pay. Overtime is subject to authorization by the Director of Nursing or designate. Authorization shall not be unreasonably withheld. In the event of an emergency, authorization may not be required. 16.02 When an employee is required to work on a paid holiday or on a day for which she is entitled to receive time and one-half (1½) her regular straight time hourly rate and she is required to work additional hours in excess of her normal seven and one-half (7½) hour shift on that day, she shall receive two (2) times her regular straight time hourly rate for such additional hours worked. 16.03 If an employee reports for work at the regularly scheduled time and no work is available, such employee will be paid a minimum of four (4) hours pay at her regular straight time hourly rate, provided the employee has not previously received notification orally or in writing not to report. 16.04 Where call-in is requested within one-half (½) hour of the starting time of the shift and the employee commences work within one (1) hour of the call, then the employee will be paid as if the entire shift had been worked, provided she completes the shift for which she was called in. 16.05 It shall be the responsibility of the employee to consult the posted work schedule. Changes to the posted schedule required by the Employer shall be brought to the attention of the employee. Where less than twenty-four (24) hours' notice is given to the employee personally, the employee will be paid four (4) hours’ straight time wages or six (6) hours’ straight time wages if an extended tour. It is understood that call-ins or call-backs are not covered by this provision. 16.06 If an employee works two consecutive shifts she shall be provided a meal by the Employer, or if a meal cannot be provided she shall receive a meal allowance of five dollars ($5.00).

  • Developer Payments Not Taxable The Developer and Connecting Transmission Owner intend that all payments or property transfers made by Developer to Connecting Transmission Owner for the installation of the Connecting Transmission Owner’s Attachment Facilities and the System Upgrade Facilities and the System Deliverability Upgrades shall be non-taxable, either as contributions to capital, or as an advance, in accordance with the Internal Revenue Code and any applicable state income tax laws and shall not be taxable as contributions in aid of construction or otherwise under the Internal Revenue Code and any applicable state income tax laws.

  • Withhold Payment In any case where a question of non- performance by Contractor arises, payment may be withheld in whole or in part at the discretion of the Commissioner. Should the amount withheld be finally paid, a cash discount originally offered may be taken as if no delay in payment had occurred.

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Due Payment All due payment needs to be cleared on the date mention on the agreement copy. Failing to do so would attract a penalty up to 10,000 INR or closure of file at BOCCS.