Examples of Available Holdback Amount in a sentence
Upon surrender of a Security that is redeemed or purchased in part, the Company will issue and, upon receipt of an Authentication Order, the Trustee will authenticate for the Holder at the expense of the Company a new Security equal in principal amount to the unredeemed or unpurchased portion of the Security surrendered, subject to the minimum denomination set forth in Section 2.01 hereof.
Upon such mutual agreement or receipt of such order or determination, the Parent shall promptly deduct from (but only to the extent of) the Available Holdback Amount the amount set forth therein and shall give prompt notice of such deduction to the Representative.
Any portion of the Available Holdback Amount remaining in the Holdback Account after the payment to AGAR shall be paid to the Advisor.
For each Incentive Compensation Date on which there is an Available Holdback Amount in the Holdback Account, the Portfolio Return Value will be calculated as of such Incentive Compensation Date and the amount thereof will be agreed upon by AGAR and the Advisor, with any dispute to be resolved as provided in this Agreement.
The Holdback Amount, if any, that is standing in the Holdback Account as of an Incentive Compensation Date and is not attributable to sales or removals of Properties during the quarter of which the Incentive Compensation Date is the last day together with all interest earned thereon, (in the aggregate, the "Available Holdback Amount") shall be fully disbursed to the Advisor or AGAR within ninety (90) days after the next succeeding Incentive Compensation Date, in accordance with paragraph 3(c) below.
If the Portfolio Return Value is a negative amount (the "DEFICIENCY AMOUNT"), then AGAR shall be paid from the Available Holdback Amount then in the Holdback Account the lesser of: (i) the absolute amount of the Deficiency Amount; or (ii) the entire balance of the Available Holdback Amount then in the Holdback Account.