Fourth, to the Manager Sample Clauses

Fourth, to the Manager. 2.6 The Classes of Units Offered are as follows: Class Interest Payment Frequency Interest Rate/Lock-up Period Withdrawal Period Min. Contribution Class A1 monthly 5% Interest Payment for 1 year, per annum May withdraw 60 days after Initial Capital Contribution Received by Company $25,000 Class A2 monthly 6% Interest Payment for 1 year, per annum May withdraw 60 days after Initial Capital Contribution Received by Company $500,000 Class B1 monthly 6% Interest Payment for 3 years, per annum May withdraw 180 days after Initial Capital Contribution Received by Company $25,000 Class B2 monthly 7% Interest Payment for 3 years, per annum May withdraw 180 days after Initial Capital Contribution Received by Company $500,000 Class C1 monthly 7% Interest Payment for 5 years, per annum May withdraw 365 days after Initial Capital Contribution Received by Company $25,000 Class C2 monthly 8% Interest Payment for 5 years, per annum May withdraw 365 days after Initial Capital Contribution Received by Company $500,000 If the Company is liquidated or enters into bankruptcy, voluntarily or involuntarily, all secured creditors, such as those who have mortgages or liens on assets, will be paid from those assets first. The Debt Units are subordinated debts that will be paid off after other debts are settled. Then, holders of subordinated debt or other unsecured creditors, including holders of Debt Units, will be paid from any remaining funds. Therefore, holders of Debt Units would be paid second to the creditors of the company after the secured creditors have been paid off.
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Related to Fourth, to the Manager

  • Manager 5.1. Rules relating to the rights, duties and responsibilities of the Managers shall be governed by the Act. Such provisions are hereinafter incorporated into this Agreement by reference. Without limiting the generality of the foregoing, the Manager shall have the powers set forth in Paragraph 5.3 below.

  • COMPENSATION TO BE PAID BY THE FUND TO THE MANAGER The Fund will pay to the Manager as compensation for the Manager’s services rendered, for the facilities furnished and for the expenses borne by the Manager pursuant to paragraphs (a), (b), and (c) of Section 1, a fee, based on the Fund’s Average Net Assets, computed and paid monthly at the annual rates set forth on Schedule B attached to this Contract, as from time to time amended. The Fund’s “

  • Property Manager Any entity that has been retained to perform and carry out property rental, leasing, operation and management services at one or more of the Properties, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property.

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