EXCLUDED AMOUNT Sample Clauses

EXCLUDED AMOUNT. For the purposes of subparagraph b of the first paragraph, an excluded amount in relation to a registered education savings plan is
Sample 1
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EXCLUDED AMOUNT. For purposes of this Agreement, the Excluded Amount shall mean the aggregate value (without duplication) of all cash and non-cash compensation paid or payable to or on behalf of Executive by Magellan, Green Spring or any of their respective affiliates during or in respect of Executive's services as an employee of Magellan or any subsidiary thereof, including Green Spring, during the Contract Bonus Period, whether payable pursuant to the Employment Agreement, the Letter Agreement or otherwise (the "Excluded Amount"), except that the Excluded Amount shall not include (a) Executive's current base salary of Two Hundred Eighty-Five Thousand Dollars ($285,000) per annum to the extent paid or payable in respect of Executive's services as an employee of Magellan or any subsidiary thereof, including Green Spring, during the Contract Bonus Period and (b) amounts payable to Executive for service prior to the Contract Bonus Period, including amounts payable pursuant to the Green Spring Long Term Compensation Plan relating to the termination of such plan in connection with the equity investment by Magellan in Green Spring in December 1995. Without limiting the generality of the foregoing, the Excluded Amount shall include (i) all cash compensation such as increases in current base salary, cash bonus, car allowance and reimbursement, deferred cash compensation, 401k match, incentive bonus match, cash accumulation account contribution and other cash incentive compensation and (ii) the value of all non-cash compensation such as incentive stock options, restricted stock, stock appreciation rights, cash value buildup of insurance policies and other non-cash compensation. For purposes of calculating the Excluded Amount as of the Second Accrual Date, the Excluded Amount shall also include any portion of the Contract Bonus payable following the First Accrual Date. With respect to the options to purchase One Hundred Thousand (100,000) shares of Magellan common stock currently held by Executive and any future stock options granted to Executive during the Contract Bonus Period, the value of such options for purposes of the Excluded Amount shall be calculated as follows:
Sample 1

Related to EXCLUDED AMOUNT

  • Excluded Amounts With the prior written consent of the Administrative Agent, the Collateral Manager may direct the Collateral Agent and the Securities Intermediary to withdraw from the Collection Account and pay to the Person entitled thereto any amounts credited thereto constituting Excluded Amounts if the Collateral Manager has, prior to such withdrawal and consent, delivered to the Administrative Agent, the Collateral Agent, the Borrower and each Lender a report setting forth the calculation of such Excluded Amounts in form and substance reasonably satisfactory to the Administrative Agent and each Lender.

  • Excluded Obligations Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent shall not:

  • Required Amount (a) With respect to each Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the “Class A Required Amount”), if any, by which (x) the sum of (i) Class A Monthly Interest for such Distribution Date, (ii) any Class A Monthly Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (iii) any Class A Additional Interest for such Distribution Date and (iv) any Class A Additional Interest previously due but not paid to the Class A Certificateholders on a prior Distribution Date, (v) if TRS or an Affiliate of TRS is no longer the Servicer, the Class A Servicing Fee for such Distribution Date, (vi) if TRS or an Affiliate of TRS is no longer the Servicer, any Class A Servicing Fee previously due but not paid to the Servicer, and (vii) the Class A Investor Default Amount, if any, for such Distribution Date exceeds (y) the Class A Available Funds. In the event that the difference between (x) the Class A Required Amount for such Distribution Date and (y) the amount of Excess Spread and Excess Finance Charge Collections applied with respect thereto pursuant to subsection 4.07(a) on such Distribution Date is greater than zero, the Servicer shall give written notice to the Transferors and the Trustee of such excess Class A Required Amount on the date of computation.

  • Transaction Expense Amount Upon Closing, the Company shall pay Ten Thousand and No/100 United States Dollars (US$10,000.00) to Auctus Fund Management, LLC (“Auctus Management”) to cover the Holder’s due diligence, monitoring, and other transaction costs incurred for services rendered in connection herewith (the “Transaction Expense Amount”). The Transaction Expense Amount shall be offset against the proceeds of the Note and shall be paid to Auctus Management upon the execution hereof.

  • Excluded Assets Notwithstanding the foregoing, the Purchased Assets shall not include the following assets (collectively, the “Excluded Assets”):

  • Defaulted Amounts; Investor Charge-Offs (a) On each Determination Date, the Servicer shall calculate the Class A Investor Default Amount, if any, for the related Distribution Date. If, on any Distribution Date, the Class A Required Amount for the related Monthly Period exceeds the sum of (x) the amount of Reallocated Principal Collections allocated to Series 2017-3 with respect to such Monthly Period and (y) the amount of Excess Spread and the Excess Finance Charge Collections allocable to Series 2017-3 with respect to such Monthly Period, the Collateral Invested Amount, if any, will be reduced by the amount of such excess, but not by more than the Class A Investor Default Amount for such Distribution Date. In the event that such reduction would cause the Collateral Invested Amount to be a negative number, the Collateral Invested Amount will be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero, but not by more than the excess, if any, of the Class A Investor Default Amount for such Distribution Date over the amount of such reduction, if any, of the Collateral Invested Amount with respect to such Distribution Date. In the event that such reduction would cause the Class B Invested Amount to be a negative number, the Class B Invested Amount shall be reduced to zero, and the Class A Invested Amount shall be reduced by the amount by which the Class B Invested Amount would have been reduced below zero, but not by more than the excess, if any, of the Class A Investor Default Amount for such Distribution Date over the aggregate amount of the reductions, if any, of the Collateral Invested Amount and the Class B Invested Amount for such Distribution Date (a “Class A Investor Charge-Off”). Class A Investor Charge-Offs shall thereafter be reimbursed and the Class A Invested Amount increased (but not by an amount in excess of the aggregate unreimbursed Class A Investor Charge-Offs) on any Distribution Date by the amount of Excess Spread and Excess Finance Charge Collections allocated and available for that purpose pursuant to subsection 4.07(b). References to “negative numbers” above shall be determined without regard to the requirement that the Invested Amount of a Class not be reduced below zero.

  • Reallocated Investor Finance Charge Collections (a) That portion of Group I Investor Finance Charge Collections for any Transfer Date equal to the amount of Reallocated Investor Finance Charge Collections for such Transfer Date will be allocated to Series 1997-1 and will be distributed as set forth in this Supplement.

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