Examples of Monthly Allowance in a sentence
For the further avoidance of doubt, the Holder and the Company agree that the Holder may deliver more than one Holder Redemption Notice during a calendar month provided that the sum of the Holder Redemption Amounts set forth in all of the Holder Redemption Notices delivered during such calendar month does not exceed the Monthly Allowance.
As used herein, the term "Maximum Monthly Allowance" shall mean Ten Thousand U.S. Dollars (U.S. $10,000) plus 50% (fifty percent) of the Employee's actual monthly housing rental expense over U.S. $10,000 up to U.S. $16,000 (it being understood that the Maximum Monthly Allowance payable by the Employer shall in no event exceed Thirteen Thousand U.S. Dollars (U.S. $13,000)).
For the further avoidance of doubt, no reduction in the outstanding principal amount of this Debenture (as a result of conversion, redemption or otherwise) shall reduce or otherwise have any effect on the amount of the Monthly Allowance, which shall remain unchanged regardless of any such reduction in the outstanding principal amount of this Debenture.
For the further avoidance of doubt, no reduction in the outstanding principal amount of this Debenture (as a result of redemption or otherwise) shall reduce or otherwise have any effect on the amount of the Monthly Allowance, which shall remain unchanged regardless of any such reduction in the outstanding principal amount of this Debenture, except that the Monthly Allowance shall not exceed the outstanding principal amount of this Debenture plus accrued and unpaid interest thereon.
Each Monthly Allowance shall be due and payable within thirty (30) calendar days after the end of the month to which such payment relates.