Applicable AUM definition

Applicable AUM has the meaning set forth in the Amended LLC Agreement.
Sample 1Sample 2
Applicable AUM means the combined assets under management as calculated as of the last day of any fiscal quarter or Fiscal Year of the Funds.
Sample 1
Applicable AUM means the combined assets under management as calculated as of the last day of any fiscal quarter or Fiscal Year of the Funds (provided, that, in connection with calculating the first $400,000,000 of Applicable AUM, in respect of the assets under management of the Funds, (1) the Managing Member shall have the right, exercisable once a year on December 31 of a Fiscal Year for the following Fiscal Year’s Applicable AUM, to replace any individual subscriber accounts that are not full management fee or incentive fee or allocation paying assets under management of the Funds with individual subscriber accounts that pay higher management fees and incentive fees or allocations to the Company and (2) if an individual subscriber account which has been included in the first $400,000,000 of Applicable AUM in the applicable Fiscal Year is redeemed during such Fiscal Year, then immediately following such redemption, the Managing Member will have the right to substitute one or more new individual subscriber accounts to replace such redeemed individual subscriber account, except that, in either case, the Managing Member shall not have the right to make any such substitution if the individual subscriber account to be replaced is subject to a high watermark).
Sample 1

Examples of Applicable AUM in a sentence

  • The Company shall be dissolved and its affairs wound up (i) upon a determination by the Managing Member to dissolve the Company at any time, (ii) if the Funds have a combined Applicable AUM of less than ten million dollars ($10,000,000), (iii) if at any time there are no Members of the Company and the business of the Company is not continued in accordance with the Act, or (iv) upon the entry of a decree of judicial dissolution under Section 18-802 of the Act.

  • The Company shall be dissolved and its affairs wound up (i) upon a determination by the Managing Member to dissolve the Company at any time, (ii) at the option of the Managing Member, if the Funds have a combined Applicable AUM of less than ten million dollars ($10,000,000), (iii) if at any time there are no Members of the Company and the business of the Company is not continued in accordance with the Act, or (iv) upon the entry of a decree of judicial dissolution under Section 18-802 of the Act.

  • The Company shall be dissolved and its affairs wound up (i) upon a determination by the Managing Member to dissolve the Company at any time, (ii) at the option of the Managing Member, if the Funds have a combined Applicable AUM of less than $10 million, (iii) if at any time there are no Members of the Company and the business of the Company is not continued in accordance with the Act, or (iv) upon the entry of a decree of judicial dissolution under Section 18-802 of the Act.


More Definitions of Applicable AUM

Applicable AUM means the combined Assets Under Management of the Funds.
Sample 1
Applicable AUM means the combined assets under management, calculated as of the last day of any fiscal quarter or Fiscal Year, of the Funds, and of any Acquired Fund that pursues an investment strategy which is the same as, or substantially similar to, the investment strategy pursued by the Funds, but excluding in each case Acquired Fund AUM and including the assets in any separately managed account that are included in the calculation of Applicable AUM for the purposes of the Purchase Agreement. For the avoidance of doubt, any assets under management in an Acquired Fund that pursues an investment strategy which is the same as, or substantially similar to, the investment strategy pursued by the Funds that are in excess of the Acquired Fund AUM shall be included in Applicable AUM. Furthermore, any assets under management existing in any of the Funds at the time of any such merger or consolidation shall remain part of Applicable AUM.
Sample 1
Applicable AUM means the combined assets under management (subject to the exclusion set forth in item (ii) of the definition of Regular Base Asset Amount) up to the Regular Base Asset Amount (but not including investments by the Composite unless such investments are designated to be a component of Applicable AUM by the Managing Member in its sole discretion) as calculated as of the last day of any fiscal quarter or Fiscal Year of the Funds (provided, that, in connection with calculating Applicable AUM, (1) the Managing Member shall have the right, exercisable once a year on December 31 of a Fiscal Year for the following Fiscal Year’s Applicable AUM, to replace (but only for the purpose of the calculation of the Sharing Percentage with respect to Fund Fee Net Income or Fund Allocation Net Income) any individual subscriber accounts that are not full management fee or incentive fee or allocation paying assets under management of the Funds with individual subscriber accounts that pay higher management fees and incentive fees or allocations to the Company and (2), if an individual subscriber account which has been included in Applicable AUM in the applicable Fiscal Year is redeemed during such Fiscal Year, then immediately following such redemption, the Managing Member shall have the right to substitute one or more new individual subscriber accounts to replace such redeemed individual subscriber account (except that, in either case, the Managing Member shall not have the right to make any such substitution if the individual subscriber account to be replaced is subject to a high watermark)). For the avoidance of doubt, in regard to the calculation of Applicable AUM as provided herein, if the Managing Member replaces individual subscriber accounts with investments from the Composite, the amount of assets under management used to determine the Composite Base Asset Amount shall be decreased by that same amount and new assets under management invested in the Composite shall thereafter be included until the Composite Base Asset Amount is once again met.
Sample 1
Applicable AUM means the combined assets under management, as calculated as of the last day of any fiscal quarter or Fiscal Year, of the Funds (provided, that, in connection with calculating the first $600 million of Applicable AUM, in respect of the assets under management of the Funds, (1) the General Partner shall have the right, exercisable once a year on December 31 of a Fiscal Year for the following Fiscal Year’s Applicable AUM, to replace (only for the purpose of the calculation of the Sharing Percentage) any individual subscriber accounts that are not full management fee or incentive fee or allocation paying assets under management of the Funds with individual subscriber accounts that pay higher management fees and incentive fees or allocations to the Partnership and (2) if an individual subscriber account which has been included in the first $600 million of Applicable AUM in the applicable Fiscal Year is redeemed during such Fiscal Year, then immediately following such redemption, the General Partner will have the right to substitute (only for the purpose of the calculation of the Sharing Percentage) one or more new individual subscriber accounts to replace such redeemed individual subscriber account, except that, in either case, the General Partner shall not have the right to make any such substitution if the individual subscriber account that will be used as the replacement subscriber account is subject to a high watermark).
Sample 1
Applicable AUM means the combined assets under management, calculated as of the last day of any fiscal quarter or Fiscal Year, of the Funds, and of any Acquired Fund that pursues an investment strategy which is the same as, or substantially similar to, the investment strategy pursued by the Funds, but excluding in each case Acquired Fund AUM. For the avoidance of doubt, any assets under management in an Acquired Fund that pursues an investment strategy which is the same as, or substantially similar to, the investment strategy pursued by the Funds that are in excess of the Acquired Fund AUM shall be included in Applicable AUM. Furthermore, any assets under management existing in any of the Funds at the time of any such merger or consolidation shall remain part of Applicable AUM.
Sample 1
Applicable AUM means the combined assets under management as calculated as of the last day of any fiscal quarter or Fiscal Year, of: (i) the Funds (for the avoidance of doubt, but without duplication, including the investment of Investcorp Fixed Income Relative Value Fund Limited in the Master Fund), and (ii) all separately managed accounts that CCM is permitted to manage after the date hereof, each in an amount of more than $25,000,000 and in respect of which the Managing Member directly or through the Company is entitled to receive a portion of all fees charged against such accounts (provided, that, in connection with calculating the first $600,000,000 of Applicable AUM, in respect of the assets under management of the Funds, (1) the Managing Member shall have the right, exercisable once a year on December 31 of a Fiscal Year for the following Fiscal Year’s Applicable AUM, to replace any individual subscriber accounts that are not full management fee or incentive fee or allocation paying assets under management of the Funds with individual subscriber accounts that pay higher management fees and incentive fees or allocations to the Company and (2) if an individual subscriber account which has been included in the first $600,000,000 of Applicable AUM in the applicable Fiscal Year is redeemed during such Fiscal Year, then immediately following such redemption, the Managing Member will have the right to substitute one or more new individual subscriber accounts to replace such redeemed individual subscriber account, except that, in either case, the Managing Member shall not have the right to make any such substitution if the individual subscriber account to be replaced is subject to a high watermark).
Sample 1

Related to Applicable AUM

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Applicable ABR Margin means, at any date:

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Applicable Dollar Percentage means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Applicable Policy means any rules, policies, directives, standards of practice or Program Parameters issued or adopted by the Funder, the Ministry or other ministries or agencies of the province of Ontario that are applicable to the HSP, the Services, this Agreement and the parties’ obligations under this Agreement during the term of this Agreement. Without limiting the generality of the foregoing, Applicable Policy includes the other documents identified in Schedule C;

  • Applicable Credit Rating For any long-term deposit or security, a credit rating of AAA in the case of S&P or Aaa in the case of Moody's. For any shxxx-xxxm deposit or security, or a rating of A-l+ in the case of S&P or P-1 in the case of Moody's.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Applicable Portion means, with respect to any holder of shares of Preferred Stock who fails to purchase his, her or its Pro Rata Amount in a Qualified Financing, a number of shares of Preferred Stock calculated by multiplying the aggregate number of shares of Preferred Stock held by such holder immediately prior to a Qualified Financing by a fraction, the numerator of which is equal to the amount by which such holder’s Pro Rata Amount exceeds the number of Offered Securities actually purchased by such holder in such Qualified Financing, and the denominator of which is equal to such holder’s Pro Rata Amount.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including February 28, 2015, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled "Level II"; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled "Level II": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Applicable Authority means (a) with respect to SOFR, the SOFR Administrator or any Governmental Authority having jurisdiction over the Administrative Agent or the SOFR Administrator and (b) with respect to any Alternative Currency, the applicable administrator for the Relevant Rate for such Alternative Currency or any Governmental Authority having jurisdiction over the Administrative Agent or such administrator.

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurodollar Margin for Revolving Loans in effect on such date.

  • Applicable codes means uniform building, fire, electrical,

  • Applicable Multicurrency Percentage means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments.

  • Applicable Commitment Fee Rate means:

  • Applicable Wages means the basic straight time wages for all hours worked, including:

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Applicable Collateral Percentage with respect to any Firm Collateral or Special Firm Collateral, has the meaning set forth in the books and records of the Partnership with respect thereto.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Available Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).

  • Applicable Policies means the policies, bylaws, directives, regulations, guidelines, codes of conduct, rules, systems and procedures of AHS listed in Schedule “F” attached.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Applicable Eurodollar Rate Margin means, with respect to any Eurodollar Rate Advance, for each Pricing Period, the interest rate margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 125.0 III 175.0 IV 250.0

  • Applicable Liquidity Rate has the meaning specified in Section 3.07(g).