Applicable Average definition

Applicable Average. Daily Net Assets (Thousands) Annual Rate ------------------ ----------- $0 - $ 250,000 .58 of 1% $ 250,000 - $ 1,000,000 .55 of 1% $ 1,000,000 - $ 2,500,000 .53 of 1% $ 2,500,000 - $ 5,000,000 .51 of 1% $ 5,000,000 - $ 7,500,000 .48 of 1% $ 7,500,000 - $10,000,000 .46 of 1% $10,000,000 - $12,500,000 .44 of 1% Over $12,500,000 .42 of 1% The fee as computed above shall be computed separately for, and charged as an expense of, each Portfolio based upon the average daily net assets of such Portfolio. For the month and year in which this Agreement becomes effective or terminates, there shall be an appropriate proration on the basis of the number of days that the Agreement is in effect during the month and year, respectively.
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Examples of Applicable Average in a sentence

  • For purposes hereof, the "Applicable Average Share Value" shall be equal to the average of the Daily Closing Prices for each of the ten Business Days immediately preceding the date on which the amount of such Claims are determined.

  • The "Applicable Average Share Value" shall be equal to the average of the Daily Closing Prices for each of the ten business days immediately preceding the date of the notice provided for in Section 8.2; and the "Daily Closing Price" for each such day shall be average of the last bid and ask price of Purchaser Common Stock quoted on such day on the SmallCap Market (or such exchange or quotation system as shall report the trading prices of Purchaser Common Stock at the relevant time).

  • Parent agrees to pay deferred compensation in the amount of $223,250 to the employees owed such deferred compensation in the form of shares of Parent Common Stock with the number of shares based on the Applicable Average Closing Price.

  • The "Applicable Average Share Value" shall be equal to the average of the Daily Closing Prices for each of the ten business days immediately preceding the date of the notice provided for in Section 11.2; and the "Daily Closing Price" for each such day shall be average of the last bid and ask price of Cirus Common Stock quoted on such day on the SmallCap Market (or such exchange or quotation system as shall report the trading prices of Purchaser Common Stock at the relevant time).

  • In lieu of any such fractional shares, each holder of Company Common Stock who would otherwise have been entitled to receive a fraction of a share of Parent Common Stock shall be entitled to receive instead an amount in cash equal to such fraction multiplied by the Applicable Average Closing Price.

  • Claims to an indemnified party under this Section 11 shall be paid in shares of Intek's Common Stock, an the number of shares of Intek's Common Stock to be transferred in satisfaction of such Claims and the terms of such transfer shall be determined by dividing the amount of such Claims by the Applicable Average Share Value.

  • For purposes of this section 5, the Employee's "Annual Cash Compensation" shall mean the sum of (I) the Employee's highest Base Salary (i.e., one year's salary at its highest rate), plus (II) the "Applicable Average Bonus" as defined in subparagraph 5(a)(i)(B) above.

  • The "Applicable Average Share Value" shall be equal to the average of the Daily Closing Prices for each of the ten Business Days immediately preceding the date of the notice provided for in Section 9.3(b); and the "Daily Closing Price" for each such day shall be average of the last bid and ask price of Purchaser Common Stock quoted on such day on the Small Cap Market (or such exchange or quotation system as shall report the trading prices of Purchaser Common Stock at the relevant time).

  • Claims to an indemnified party under this Section 11 shall be paid in shares of Intek's Common Stock, and the number of shares of Intek's Common Stock to be transferred in satisfaction of such Claims and the terms of such transfer shall be determined by dividing the amount of such Claims by the Applicable Average Share Value.

  • For the purpose of compensating Buyer for its Damages pursuant to this Agreement, the Buyer Shares in the Escrow Fund shall be valued at the Applicable Average Closing Price.

Related to Applicable Average

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing such sum by (b) the Aggregate Net Collateral Balance.