Permissible Payments. So long as there is pro forma compliance with the financial covenants contained in Section 11.14 hereof and so long as there is no Default or Event of Default that would result therefrom, the Borrower may (a) make any distribution to any holders of its Capital Securities, (b) purchase or redeem any of its Capital Securities, (c) pay any management fees or similar fees to any of its equity holders or any Affiliate thereof, (d) make any redemption, prepayment (whether mandatory or optional), defeasance, repurchase or any other payment in respect of any Subordinated Debt, (e) set aside funds for any of the foregoing, (f) may make regularly scheduled payments of interest and principal in respect of Subordinated Debt to the extent permitted under the subordination provisions thereof and, (g) pay any Earn-Outs; provided that, for purposes of clarification, Subsidiaries of the Borrower shall at all times be permitted to make dividends or distributions to any of the Loan Parties.
Permissible Payments. This section does not prohibit:
(i) A federal credit union’s payment of salary to employees;
(ii) A federal credit union’s payment of an incentive or bonus to an em- ployee based on the credit union’s over- all financial performance;
(iii) A federal credit union’s payment of an incentive or bonus to an em- ployee, other than a senior manage- ment employee, in connection with that credit union’s purchase, sale or pledge of an eligible obligation. This payment is permissible if the board of directors establishes a written policy and internal controls for the incentive or bonus program and monitors compli- ance with the policy and controls at least annually; and
(iv) Payment by a person other than the federal credit union of compensa- tion to a volunteer official, non-senior management employee, or their imme- diate family member, for a service or activity performed outside the credit union provided that the federal credit union, the official, employee, or their immediate family member has not made a referral.
Permissible Payments. So long as there is pro forma compliance with the financial covenants contained in Section 11.14 hereof, the Borrower may (a) make any distribution to any holders of its Capital Securities, (b) purchase or redeem any of its Capital Securities, (c) pay any management fees or similar fees to any of its equity holders or any Affiliate thereof, (d) make any redemption, prepayment (whether mandatory or optional), defeasance, repurchase or any other payment in respect of any Subordinated Debt, (e) set aside funds for any of the foregoing, (f) may make regularly scheduled payments of interest and principal in respect of Subordinated Debt to the extent permitted under the subordination provisions thereof and, (g) pay any Earn-Outs; provided that, for purposes of clarification, Subsidiaries of the Borrower shall at all times be permitted to make dividends or distributions to any of the Loan Parties.
Permissible Payments. In general. The requirements of section 409A(a)(2)(A) are met only if the plan provides that an amount of de- ferred compensation under the plan may be paid only upon an event or at a time set forth in this paragraph (a):
Permissible Payments. Notwithstanding any contrary provision herein, the Executive’s right to any payment under this Agreement shall be treated as the right to a series of separate payments, as defined under Treas. Reg. Section 1.409A-2(b)(2). The Executive shall have no right to designate the date of any payment hereunder. With respect to payments made under this Agreement that are subject to Section 409A of the Code (and not excepted therefrom), it is intended that each payment is paid on a permissible distribution event and at a specified time consistent with Section 409A of the Code.
Permissible Payments. This section does not prohibit:
(i) A federal credit union’s payment of salary to employees;
(ii) A federal credit union’s payment of an incentive or bonus to an em- ployee based on the credit union’s over- all financial performance; sfrattini on LAPJZKW1R2 with $$_JOB
(iii) A federal credit union’s payment of an incentive or bonus to an em- ployee, other than a senior manage- ment employee, in connection with that credit union’s purchase, sale or pledge of an eligible obligation. This payment is permissible if the board of directors establishes a written policy and internal controls for the incentive or bonus program and monitors compli- ance with the policy and controls at least annually; and
(iv) Payment by a person other than the federal credit union of compensa- tion to a volunteer official, non-senior management employee, or their imme- diate family member, for a service or activity performed outside the credit union provided that the federal credit union, the official, employee, or their immediate family member has not made a referral.
Permissible Payments. Except as otherwise permitted or required by Section 409A, an Award providing Section 409A Deferred Compensation must provide for payment in settlement of the Award only upon one or more of the following:
(i) The Participant’s “separation from service” (as defined by Section 409A);
(ii) The Participant’s becoming “disabled” (as defined by Section 409A);
(iii) The Participant’s death;
(iv) A time or fixed schedule that is either (i) specified by the Committee upon the grant of an Award and set forth in the Award Agreement evidencing such Award or (ii) specified by the Participant in an Election complying with the requirements of Section 15.2 or 15.3, as applicable;
(v) A change in the ownership or effective control or the Company or in the ownership of a substantial portion of the assets of the Company determined in accordance with Section 409A; or
(vi) The occurrence of an “unforeseeable emergency” (as defined by Section 409A).
Permissible Payments. You agree that you will not use Rent Hub to request, send or receive payments except for rent and other rent-related payments provided for under a rental agreement. You shall not charge any convenience fees unless JPMorgan agrees in writing, in which case WePay’s Terms of Service shall apply to such fees.
Permissible Payments. So long as there is compliance, on a Pro Forma Basis, with the financial covenants contained in Section 10.11 hereof, the Company may (a) make any distribution to any holders of its Capital Securities, (b) purchase or redeem any of its Capital Securities, (c) pay any management fees or similar fees to any of its equity holders or any Affiliate thereof, (d) subject to clause (g) hereof, make any redemption, prepayment (whether mandatory or optional), defeasance, repurchase or any other payment in respect of any Subordinated Debt, (e) set aside funds for any of the foregoing, (f) may make regularly scheduled payments of interest and principal in respect of Subordinated Debt to the extent permitted under the subordination provisions thereof, and (g) pay any Earn-Outs; provided that, for purposes of clarification, Subsidiaries of the Company shall at all times be permitted to make dividends or distributions to any of the Note Parties.
Permissible Payments. You agree that you will not use Rent Management to request, send or receive payments except for rent and other property-related payments provided for under a rental agreement. You shall not charge any convenience fees unless JPMorgan agrees in writing, in which case WePay’s Terms of Service shall apply to such fees. You agree that you will not pass any fees incurred as a result of using Story and/or WePay on to tenants.
