Weekly Draw definition

Weekly Draw means the amount that we agree to remit to you once every week indicated in subsection (h) in Exhibit D.
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Weekly Draw shall have the meaning assigned to such term in Section 2.04(b).
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Weekly Draw means the weekly prize draw in terms of the Weekly Rewards
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Examples of Weekly Draw in a sentence

  • Without limiting the foregoing, no Agent shall be deemed responsible for the verification of the satisfaction of the conditions or requirements for a Weekly Draw pursuant to Section 6.23 or otherwise, it being understood that the sole responsibility of the Administrative Agent with respect to any Weekly Draw Request is to make the same available to the Lenders and countersign such Weekly Draw Request in the absence of an objection by the Required Lenders, in each case pursuant to Section 2.04(b).

  • Subsequent to each Borrowing but prior to each Weekly Draw, hold the proceeds of the Loans in the Segregated Account.

  • If this was not the Initiation Period, then the minimum Marketing generated per quarter would be $130,000 with a Minimum Term Commission of $13,000 per quarter (subject to Note (1) above) and, therefore, the Company would have had the right to adjust the Weekly Draw for the next Quarter downward by an aggregate of $1,000 (10% of $10,000 shortfall) or $76.92 per week, for a pro-rata quarterly reduced Weekly Draw of $923.08.

  • Such adjustment shall be effected on a quarterly basis for the immediately succeeding quarter, and, if necessary, continued to any subsequent quarter(s) thereafter; and such adjustments shall be on a dollar for dollar basis based upon the difference between Minimum Term Commissions as represented by the Weekly Draw which Employee has already received for that quarter and the Employee generated Marketing for that quarter, exclusive of Other Marketing.

  • During the Term Employer shall provide Employee with a payment of $1,000 per week, ("Weekly Draw") against the 10% commissions to be earned based upon a minimum of Employee generated Marketing of $520,000 per annum exclusive of Other Marketing (measured on a calendar year basis) ("Minimum Term Commission").

  • All adjustments shall be effected on a pro-rata basis in equal weekly amount reductions against the Employee's future Weekly Draw.


More Definitions of Weekly Draw

Weekly Draw means the Competition run during a seven day period as a weekly draw, as described in the Competition Details.
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Related to Weekly Draw

  • Advance Date means the funding date of any Advance.

  • Monthly Date means the last Business Day of each calendar month.

  • Disbursement Date is defined in Section 2.6.2.

  • Revolving Line Maturity Date is that date which is two (2) years following the Effective Date.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Conversion/Continuation Date means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.

  • Loan Year With respect to any Mortgage Loan, the one year period commencing on the day succeeding the origination of such Mortgage Loan and ending on the anniversary date of such Mortgage Loan, and each annual period thereafter.

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Swingline Maturity Date means, with respect to any Swingline Loan, the date that is five Business Days prior to the Maturity Date.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Draw Down Amount means the actual amount of a Draw Down paid to the Company.

  • Drawdown means a drawdown of an Advance;

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Applicable Maturity Date means (a) with respect to the Revolving Loans, the Swing Line Loans and Letters of Credit, the Revolving Loan Maturity Date and (b) with respect to the Term Loan, the Term Loan Maturity Date.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Draw Down Pricing Period means a period of twenty-two (22) consecutive Trading Days beginning on the date specified in the Draw Down Notice (as defined in Section 5.1(f) herein); provided, however, the Draw Down Pricing Period shall not begin before the day on which receipt of such notice is confirmed by the Purchaser.

  • Availability Date means the day after the end of the fourth fiscal quarter following the fiscal quarter that includes such Effective Time on which the Company is required to file its Form 10-Q for such fiscal quarter except that, if such fourth fiscal quarter is the last quarter of the Company’s fiscal year, “Availability Date” means the day after the end of such fourth fiscal quarter on which the Company is required to file its Form 10-K.

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 12.5% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the most recent Cut-Off Date.