Waived Amount definition
Examples of Waived Amount in a sentence
The Manager retains its right to receive reimbursement of any amount ("Waived Amount") corresponding to its reduction or waiver of the Management Fee or to its payment of operating expenses of the Portfolio.
Any such Waived Amount is subject to reimbursement by the Fund to the Manager, if so requested by the Manager, in subsequent fiscal years provided that the aggregate amount paid by the Fund for Operating Expenses for such fiscal year (taking into account any reimbursement) does not exceed the applicable limitation on Operating Expenses for that year or, if no such limitation is effective for that year, the Management Fee payable by the Fund to the Manager for that year.
Under this Agreement, the Manager may recoup from the Fund reimbursement of any Waived Amount made in any fiscal year of the Fund over the following three fiscal years of the Fund.
The Manager may recoup from the Portfolio reimbursement of any Waived Amount made in any fiscal year of the Portfolio over the following three fiscal years of the Portfolio.
The Manager retains its right to receive reimbursement of any amount (the "Waived Amount") corresponding to its waiver of the Management Fee or to its payment of Operating Expenses made hereunder.
As of the date hereof, the Participant acknowledges that he shall have no further rights or claims of any sort whatsoever with regard to the Waived Amount, notwithstanding any other provision contained in any agreement between the Participant and the Corporation or in any benefit plan or program of the Corporation.
If as of the Determination Date, the total present value of all of the SERP benefits to which the Participant or his beneficiary is entitled exceeds the Waived Amount, then the Corporation may in its sole discretion determine how much of Benefit "A" and Benefit "B" under the SERP shall be eliminated, in order that the aggregate elimination equals the Waived Amount.
The Purchasers undertake to the Seller that it shall, and shall procure Sale Company to, comply with all applicable Laws in making all Tax filings with and disclosure to the Hong Kong Inland Revenue Department in connection to the Waived Amount in accordance with the requirements imposed by the Hong Kong Inland Revenue Department and applicable Law in Hong Kong.
Amounts recouped shall first be netted against Waived Amounts for the Class for the current month, then to the Monthly Waiver Amount (as described in Paragraph 3) for the earliest month within the 36-month period until fully recouped, then to the Monthly Waived Amount for the next earliest month, and so forth.
For purposes of clarity, the Annual Base Salary Rate would have increased to $1,287,500 as of October 1, 2004 and to $1,339,000 as of October 1, 2005 absent such waiver (the amount of Base Salary that the Executive has waived through the Date of Termination (as defined under Section 1(d)(i) of the Employment Agreement) (but only until September 30, 2006) is hereinafter referred to as the "Base Salary Waived Amount").