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

  • The Manager The Manager assumes and shall pay for maintaining the staff and personnel necessary to perform its obligations under this Agreement, and shall at its own expense, provide the office space, equipment and facilities which it is obligated to provide under Article I hereof, and shall pay all compensation of officers of the Fund and all Directors who are affiliated persons of 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.

  • Delivery of Documents to the Manager The Subadviser has furnished the Manager with copies of each of the following documents:

  • Expenses of the Manager Without regard to and without limiting the compensation received by the Manager from the Company pursuant to this Agreement and except to the extent provided by Sections 2, 11 or 12, the Manager shall bear the following expenses incurred in connection with the performance of its duties under this Agreement:

  • EXPENSES BORNE BY THE MANAGER The Manager will pay:

  • COMPENSATION TO BE PAID BY THE TRUST 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 Section 1, a fee, computed and paid monthly at the annual rate of 0.45% of the Fund's average daily net asset value. Such average daily net asset value of the Fund shall be determined by taking an average of all of the determinations of such net asset value during such month at the close of business on each business day during such month while this Contract is in effect. Such fee shall be payable for each month within five (5) business days after the end of such month. In the event that expenses of the Fund for any fiscal year should exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Trust are qualified for offer and sale, the compensation due the Manager for such fiscal year shall be reduced by the amount of such excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Trust, voluntarily declare to be effective with respect to the Fund, subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager shall be reduced, and, if necessary, the Manager shall bear the Fund's expenses to the extent required by such expense limitation. If the Manager shall serve for less than the whole of a month, the foregoing compensation shall be prorated.

  • 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 “

  • Compensation to the Master Servicer The Master Servicer shall be entitled to receive a monthly fee equal to the Master Servicing Fee, as compensation for services rendered by the Master Servicer under this Agreement. The Master Servicer also will be entitled to any late reporting fees paid by a Servicer pursuant to its Servicing Agreement, any investment income on funds on deposit in the Certificate Account and any Liquidation Profits to which a Servicer is not entitled under its Servicing Agreement.

  • 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.

  • The Managing Broker Dealer agrees to promptly notify the Company of the commencement of any litigation or proceedings against the Managing Broker-Dealer or any of its managers, members, partners, officers, employees, agents, attorneys and accountants in connection with the Offering.

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