Examples of Initial Administrator in a sentence
The Initial Administrator will also have the authority to grant Awards under the Plan to himself, although he may not allocate more than fifty percent (50%) of the outstanding Retention Units or more than fifty percent (50%) of the outstanding Appreciation Units to himself.
Notwithstanding the forgoing, in no event shall the Initial Administrator receive a payment pursuant to this Section 4(c)(i) following a Vesting Date in an amount that exceeds the aggregate amount of all payments pursuant to this Section 4(c)(i) following such applicable Vesting Date to all other Participants.
The Administrator shall receive -------------------------- from the Depositor or the Issuer as compensation for its services hereunder such fees as have been separately agreed upon before the date hereof between the Depositor and the Administrator (the "Initial Administrator Fee").
Notwithstanding the forgoing, in no event shall the Initial Administrator receive a payment pursuant to this Section 4(c)(i) with respect to each Annual Retention Pool in an amount that exceeds the aggregate amount of all payments to all other Participants in respect of such Annual Retention Pool.
The Administrator hereby acknowledges receipt of its Initial Administrator Fee as its entire remuneration for its services as Administrator under this Administration Agreement and under the Related Documents and receipt of all of its ordinary expenses to be incurred in acting as Administrator under this Administration Agreement and under the Related Documents.
For each of 2017, 2018 and 2019, the Initial Administrator shall determine the Annual Retention Pool for such calendar year, which determination shall be made prior to the Vesting Date for such calendar year.
In the event the Initial Administrator is no longer serving as the Administrator, or in the absence of a determination by the Initial Administrator for any calendar year pursuant to this Section 4(b), the Annual Retention Pool for a calendar year will automatically be deemed equal the Annual Retention Pool Maximum Amount for such calendar year.
As the Initial Administrator, Finacity Corporation is hereby designated as, and agrees to perform the duties and obligations of, the Administrator hereunder and under the other Transaction Documents.
Notwithstanding the foregoing, in no event shall the Initial Administrator receive a payment pursuant to this Section 5(b)(i) with respect to a Vesting Date in an amount that exceeds the aggregate amount of all payments to all other Participants in respect of their Appreciation Units with respect to such Vesting Date.
Xxxxxxxxxxxx Title: Assistant Vice President XXXX XXXXXXXX, III, as Initial Administrator By: /s/ XXXX XXXXXXXX, III EXHIBIT A CERTIFICATE OF TRUST OF AMG CAPITAL TRUST III THIS Certificate of Trust of AMG Capital Trust III (the “Trust”) is being duly executed and filed by the undersigned to form a statutory trust under the Delaware Statutory Trust Act (12 Del.