Examples of Break Point in a sentence
Upon the commencement of each Fiscal Year during the Term beginning with the second Fiscal Year, each of the Minimum Rent, the Annual Room Revenues First Break Point, the Annual Food and Beverages Sales First Break Point, the Annual Other Income Break Point, the Annual Food and Beverages Sales Second Break Point and the Annual Room Revenues Second Break Point shall be increased by the amount of the applicable Annual Adjustment.
In no event shall the Minimum Rent, the Annual Room Revenues First Break Point, Annual Food and Beverages Sales First Break Point, the Annual Room Revenues Second Break Point, the Annual Food and Beverages Sales Second Break Point, and the Annual Other Income Break Point be reduced as a result of the Annual Adjustment.
Percentage Factor: 6% Sales Break Point for the Original Term: From the Commencement Date through the fifth (5th) year of the Original Term: $3,269,200.00; Beginning with the sixth (6th) year and continuing through the expiration of the Original Term: $3,566,400.00.
Fund: PL Inflation Managed The Investment Adviser will pay to the Fund Manager a monthly fee based on an annual percentage of the combined average daily net assets of the PL Inflation Managed Fund of Pacific Life Funds and the Inflation Managed Portfolio of Pacific Select Fund according to the following schedule: Rate (%) Break Point (assets) 0.25% On the first $1 billion 0.20% On excess The fees for services shall be prorated for any portion of a year in which the Agreement is not effective.
For purposes of this provision, "BREAK POINT" shall equal Fifteen Thousand Six Hundred Dollars ($15,600.00) (such amount to increase each year by four percent (4%) of the Break Point for the preceding year).
Sales Break Point for the Option Period: Beginning with the [***] year of the Option Period and continuing through the expiration of the Option Period: [***].
For any such calendar year, the term "Break Point" shall mean 150% of the Covered Compensation (as defined in Code Section 401(l)(5)(E) and Treasury Regulation Section 1.401(l)-1(c)(7)(ii)), rounded as provided in accordance with tables provided by the Commissioner of the Internal Revenue Service, of a Participant who reaches Social Security Retirement Age (as defined in Code Section 401(l)(5)(E)(iii)) in such calendar year.
At the next annual meeting of stockholders following the occurrence of the First Break Point (as defined in the Stockholders' Agreement), the number of directors on the board of directors shall be reduced from twelve members to nine members.
As used in this Lease, the term Annual -------------------------------- Food Sales Break Point(s) shall mean the Annual Food Sales First Break Point and the Annual Food Sales Second Break Point, in accordance with Section 3.1(b)(ii) ------------------ and Exhibit B.
During the term of this Agreement, for so long as Xxxxx Xxxxx Management remains the portfolio manager of the Portfolio, the Adviser hereby agrees to waive 0.09% off each Break Point of its investment advisory fee for the Portfolio.