Management Fees; Compensation. Pay management fees, incentive fees or otherwise increase the compensation payable to KKR Financial Advisors LLC pursuant to the Management Agreement, in excess of those fees and compensation levels in effect as of the Closing Date, without the prior written consent of the Administrative Agent (not to be unreasonably withheld).
Management Fees; Compensation. Borrower shall not, and shall not permit any of its Subsidiaries to, (i) pay any management or consulting fees to any employee, director or Affiliate (other than a Subsidiary), or (ii) pay annual aggregate compensation, whether as salary, bonus or otherwise, to all directors or officers of such Person which is on a basis inconsistent with past practices.
Management Fees; Compensation. US Borrower shall not, nor shall US Borrower permit any other Company to, pay any management or consulting fees to any Persons, or pay annual aggregate salary to all directors or officers of US Borrower or other Company in excess of one hundred ten percent (110%) of the aggregate salary to all directors, and officers of US Borrower or other Company in effect on the date of this Agreement for the first year and one hundred ten percent (110%) of the prior year’s aggregate salary amount for each subsequent year. The aggregate annual salary amount(s) shall be adjusted each year for the net addition or loss of directors or officers. Notwithstanding the foregoing, this paragraph (k) shall not apply to bonuses to be paid in accordance with the Oilgear Variable Compensation Plan as in effect on the date hereof attached as Exhibit D hereto.
Management Fees; Compensation. No Borrower shall (i) pay any management or consulting fees to any Persons, other than the Xxxxxxx Administrative Fee, an existing consulting agreement with Xxxxxxx Xxxxxxxx, and consulting fees and other remuneration to third-party consultants in arms-length transactions having an aggregate value per year of not more than $200,00, or (ii) pay annual aggregate compensation, whether as salary, bonus or otherwise, to all directors or officers of such Borrower in excess of one hundred ten percent (110%) of the aggregate compensation, whether as salary, bonus or otherwise, to all directors, and officers of such Borrower in effect on the Closing Date for the first year and one hundred ten percent (110%) of the prior year's aggregate compensation amount for each subsequent year. The aggregate annual compensation amount(s) shall be adjusted each year for the net addition or loss of directors or officers.
Management Fees; Compensation. Borrower shall not pay any management or consulting fees to any Persons (a) at any time that Excess Availability is less than $500,000 or as a consequence of making such payment Excess Availability falls below $500,000 and (b) in excess of $500,000 for the first year and one hundred ten percent (110%) of the prior year's aggregate amount for each subsequent year.
Management Fees; Compensation. Borrower shall not, and shall not permit any other Credit Party to, pay any management or consulting fees to any Persons (excluding the consulting agreement with Jxxx Xxxxxxxx entered into on or before the date hereof), or pay annual aggregate compensation, whether as salary, bonus or otherwise, to all directors or officers of Borrower in excess of one hundred ten percent (110%) of the aggregate compensation, whether as salary, bonus or otherwise, to all directors, and officers of the Credit Parties in effect on the date of this Agreement for the first year and one hundred ten percent (110%) of the prior year's aggregate compensation amount for each subsequent year. The aggregate annual compensation amount(s) shall be adjusted each year for the net addition or loss of directors or officers.
Management Fees; Compensation. The Debtor shall not pay any management or consulting fees to any Persons in excess of one hundred ten percent (110%) of the aggregate compensation, whether as salary, bonus or otherwise, to all directors, and officers of the Debtor in effect on the date of this Security Agreement for the first year, and one hundred ten percent (110%) of the prior year's aggregate compensation amount for each subsequent year. The aggregate annual compensation amount(s) shall be adjusted each year for the net addition or loss of directors or officers.
Management Fees; Compensation. No Borrower shall pay any management or consulting fees to any shareholders of CTI Industries, or any management employees of CTI Industries (except to the extent described on Schedule 11(i) and existing as of the Closing Date), or pay annual aggregate compensation, whether as salary, bonus or otherwise, to all directors or officers of such Borrower in excess of one hundred ten percent (110%) of the aggregate compensation, whether as salary, bonus or otherwise, to all directors, and officers of such Borrower in effect on the date of this Agreement for the first year and one hundred ten percent (110%) of the prior year's aggregate compensation amount for each subsequent year. The aggregate annual compensation amount(s) shall be adjusted each year for the net addition or loss of directors or officers.
Management Fees; Compensation. Except as set forth on Schedule 13(k) with respect to bonuses, no Company shall pay any management or consulting fees to any Persons, or pay annual aggregate compensation, whether as salary or otherwise, to any directors or officers of Borrower in excess of one hundred ten percent (110%) of the aggregate compensation, whether as salary or otherwise, to all directors, and officers of each Company in effect on the date of this Agreement for the first year and one hundred ten percent (110%) of the prior year's aggregate compensation amount for each subsequent year. The aggregate annual compensation amount(s) shall be adjusted each year for the net addition or loss of directors or officers.
Management Fees; Compensation. Borrower shall not pay any management or consulting fees to any Persons.
