An Open Future Sample Clauses

An Open Future. ‌ To see the value of the presentist perspective in providing dynamic flow I will turn to the idea of the open future. For many (Broad 1923; ▇▇▇▇▇▇ 2013 and many others) the actualisation of a non-existent open future is the key to understanding the flow of time. The difference between the past and future is that the future is uncertain and there are many possible ways the world could turn out to be. Why the open future is so important and what the details of this are is a larger question that I will explore in more depth in the following chapter alongside considering why, if the future is open, the past is not. Here I will focus on the question of existence and simply show that an open future is compatible with the ontology of localised temporal becoming. This claim is initially at odds with there being a tenseless block of all events so it requires careful articulation. The following chapter can then build on this basis to show how an open future connects becoming to the directionality found in physics and the way that physics treats the openness of the future. Various models of the open future have been developed with a range of different on- tologies. Some of these limit the open future to being purely epistemic (▇▇▇▇▇ 1986; ▇▇▇▇▇▇▇▇▇▇ 2003 for criticism). Others (▇▇▇▇▇▇ 1994) take a strongly ontological approach where multiple futures exist in a branching future and branches ‘fall off’ as time passes. I will focus here on the more moderate view articulated by ▇▇▇▇▇▇ (2013), which follows from ▇▇▇▇▇▇ (1992; 2003; 2012), ▇▇▇▇▇▇ and ▇▇▇▇▇▇ (2012).18 The resulting ontological picture, I will show, has no meaningful differences to how localised temporal becoming represents time in terms of the perspectival switch between tensed and tenseless existence. Moreover the account of flow in the open futures model can be achieved by localised temporal becoming. The commitment to open futures is not agreed upon by all the authors who have advocated for localised temporal becoming. ▇▇▇▇▇▇ (2006) denies that there is any sense of an open future; he takes the tenseless block to fix all relevant events. Others do take it to be a key consideration although they do not spell out in much detail how this follows from the ontological picture they present (for example ▇▇▇▇▇▇ 2016a). Most, however, do not mention it at all.
View Source

Related to An Open Future

  • Collateral Management Fee Borrower shall pay Lender as additional interest a monthly collateral management fee (the "Collateral Management Fee") equal to 0.15% per month calculated on the basis of the daily average amount of the balances under the Revolving Facility (excluding any Unfunded L/C Exposure under the L/C Sublimit) outstanding during the preceding month. The Collateral Management Fee shall be payable monthly in arrears on the first day of each successive calendar month (starting with the month in which the Closing Date occurs).

  • Asset Management Fee The fee payable to the Advisor for day-to-day professional management services in connection with the Company and its investments in Assets pursuant to this Agreement.

  • Base Management Fee The Base Management Fee shall be calculated at an annual rate of 1.50% of the Company’s average weekly gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average weekly value of the Company’s gross assets during the most recently completed calendar quarter. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. For purposes of computing the Base Management Fee, cash and cash equivalents shall be excluded from gross assets.

  • Construction Management Fee The Construction Management Fee for the Project shall be either a ☒Lump Sum or ☐Not-To-Exceed Fee of Thirty-Six Thousand, Four Hundred Seventy-Seven Dollars and Sixty-Five Cents ($36,477.65). NOTE: Allowances will be on a Not-To-Exceed basis. All unused funds will be returned to the School District at the time of construction closeout. Fee will be paid only on cost of work for these items. Exhibit C- Project Assignment Page 2 of 4

  • Asset Management Fees (i) Except as provided in Section 8.03(ii) hereof, the Company shall pay the Advisor as compensation for the services described in Section 3.03 hereof a monthly fee (the “Asset Management Fee”) in an amount equal to one-twelfth of 0.75% of the sum of the Cost of Real Estate Investments and the Cost of Loans and other Permitted Investments. The Advisor shall submit a monthly invoice to the Company, accompanied by a computation of the Asset Management Fee for the applicable period. The Asset Management Fee shall be payable on the last day of such month, or the first business day following the last day of such month. The Asset Management Fee may or may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Asset Management Fees not taken as to any period shall be deferred without interest and may be paid in such other fiscal period as the Advisor shall determine. (ii) Notwithstanding anything contained in Section 8.03(i) to the contrary, a Property, Loan or other Permitted Investment that has suffered an impairment in value, reduction in cash flow or other negative circumstances may either be excluded from the calculation of the Cost of Real Estate Investments or the Cost of Loans and other Permitted Investments or included in such calculation at a reduced value that is recommended by the Advisor and the Company's management and then approved by a majority of the Company's independent directors, and the resulting change in the Asset Management Fee with respect to such investment will be applicable upon the earlier to occur of the date on which (i) such investment is sold, (ii) such investment is surrendered to a Person other than the Company, its direct or indirect wholly owned subsidiary or a Joint Venture or partnership in which the Company has an interest, (iii) the Advisor determines that it will no longer pursue collection or other remedies related to such investment, or (iv) the Advisor recommends a revised fee arrangement with respect to such investment.